And remember, insurance, taxes, r/m, PM, landscaping goes up every year.

Remember also that corporations and LLCs are governed by state laws, so what's true in one state may not be true in anther.

For those of you who don't remember that from school, don't worry, the point is if you don't follow the 70% of ARV and then subtract repairs, you will start coming up with different numbers.

I know you plan on doing wraps, but remember the quality of people you're going to attract with wraps are going to be in the "sub prime" range.

remember the Rich Dad's lessons...welcome!

there was also a lady that had an outstanding post on wholesaling (and what not do to when birddogging), and i wish i could remember her name.

However, I do know that one disadvantage with these properties is that they are not as easy to sell as is the single family property.That's the second issue.That being said, any advice as to what to do with either the first or the second issue or, ideally, with both will be greatly appreciated?

Remember, each state establishes it's own reg and exemptions.In the end, I guesss your best bet would be to seek legal advise before pursuing PL for funding your deals.

I remember reading in someone (maybe Groucho Marx's) autobiography, about getting stock tips from a shoeshine boy and an elevator operator prior to the 1929 stock market crash.

In addition, it shoudl be remembered that in the rental business we're not flipping houses, wholesaling, or running a business that requires doing 5 deals a month to survive.