3 Complaints within 1 year of operation is certainly not a great record.

I have an opportunity with a hotel property that was closed for a couple of years and then purchased by a speculative investor who did not know the ropes with regard to operations for a hotel.

Throughout the United States, operating expenses run 45% to 50% of gross rents.

My main goal for this next year is to expand my operations into at least one nearby city, probably Lubbock, TX.

minna,forget all that sh*t.CASH ON CASH RETURNNET OPERATING INCOMECASH FLOWto me..in my humble opinion - and it's very humble...these are the provinces of basic real estate investing.that 1% of purchase price is like a quick reference, period.

The IRS operates under federal law.

Kenneth Fach, REALTORKeller Williams Town and Country Realty, Tallahassee, FloridaEach office is independently owned and operated.

Cap rate is net operating income (income minus all expenses except debt service) divided by purchase price.

It is like having a virtual mentor, and in a way it is even better, because there are more than one mentor giving you great advises.

I'm seriously considering multi-family investments out of my home state and would very much like to hear your feedback based on your experiences.Perhaps you could share any methods or strategies you've found useful in lessening the hassle factor or for making the management and operations as smooth as can be expected.Thanks in advance and again, welcome!