The one thing I like about that is that we can see most of the tenants every month. ...With this approach there is another benefit - you go to your bank for a visit bringing the bank your money; banks like that and they actually get to see those customers who bring them money ...

Sorry to revive this dead topic, but it seemed more relevant than creating a new one.For a single deal, what kind of partnership/legal structure did you find to be the best when dealing with money partners?

After four years, you would have 7/27.5 (about 15%) of the original basis of the improvements (not land, if that's relevant, may not be for a condo) in depreciation that would subtract off your basis.Its unfortunate you didn't sell within the three year time limit.

You're a customer.

It is because of the consumer consuming that we have tenants and customers buying doodads (in R.

Check out meetup.com and look for FIBI (for investors by investors) meetings, and any other relevent to REI.

I agree with Mr Santarelli : “60 hours per week is a lot of work time “Key things for yourself will be: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~creating a great team of contractors, project managers, agent, etcDefinitely listen to the following podcast at least twice: #15, #12, #10, and #8Most important listen to podcasts #6 with Arthur Garcia -> triple timesJust a marketing ideal~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~on your potential customer receipt maybe you can mention “ We buy houses “ , etcFYI – podcasts our locate under the “ learn “ tab

The time frame got sticky because we started, stopped, and generally de-prioritized the project to work around some of our other investor customers.

As far as a working relationship goes with a contractor, you should be treated differently in many ways as the occasional customer of a contractor....

We have been using Quickbooks online to do both the accounting and keep track of each tenant as "customer" however this is cumbersome due to the multiple properties.