If you're looking for the firm to get tenants in there, not just manage, make sure that they have experience in marketing commercial properties or consider splitting the job with a broker for the leasing, and a management co. for the operations end.

Does not include buildings where heavy manufacturing or specialized industrial operations such as welding occur

To provide real protection, it must operate like a business.I'd also recommend having the LLC pay all maintenance and deduct that from the rent income before passing it on to you (the owner).

Either owned and operated a small business and it became larger, worked for a successful start up (think high tech), that went public, went to "trade school" (doctor, lawyer) and went to the upper reaches of their field, or worked long and hard at their job, saved and invested wisely and didn't pi## away their money on foolish things like new cars every two years etc.There are two sides to becoming a millionaire, getting it (offense) and keeping it (defense).

Yes this is my first rehab, and Yes i will only be managing and cordinated the operation. purchase the home for $10,000 from a don't wanna land lord, estimated cost of repairs are $55,000 ARV $125,000.

Here on South Beach, a lot of buildings operate as condo-hotels.

All MLS's are different, but most operate by sending information to REALTOR's sites once a week via FTP.

Everybody wants a foot in the door to get rich quick with no money, no credit, and virtually no work.

Accoridng to an analysis tool I have used, I can expect the following:Gross Operating Income: $11,500 (allowance for vacancy)Annual debt service (at 7.5%): $8810.16Taxable income: $7,310.17Net Operating Income: $7,990.00Cash flow before tax: -$820.16Cash flow after tax: $1738.40ROI with appreciation (assuming 5%): 33.39%Cap rate: 6.95% (I don't know what this means -- can someone explain?)

The access is terrible, there are virtually no skill jobs there and I heard the public transportation still has 4 legs there.