Real Estate agent looking to service investor clients in the Northeast Ohio area.

CONSTRUCTION LIEN LAW[FLORIDA STATUTES § 713.015]ACCORDING TO FLORIDA’S CONSTRUCTION LIEN LAW (SECTIONS 713.001-713.37, FLORIDA STATUTES), THOSE WHO WORK ON YOUR PROPERTY OR PROVIDE MATERIALS AND SERVICES AND ARE NOT PAID IN FULL HAVE A RIGHT TO ENFORCE THEIR CLAIM FOR PAYMENT AGAINST YOUR PROPERTY.

You own a company and you have the right to hire whoever you wish to perform services for you (including your other company). 

From that I determined that debt to income ratio of 2.61 that is my every dollar of expense I had 2.61 dollars coming in to service that expense.

And thank you for your service....Sounds like you have a solid plan for pursuing your REI career - I agree with Dmitriy that BP has great resources available to you.

@Cameron Oades Hi Cameron - there are a few markets in Quebec and Ontario (not the GTA) that I've been working in that still have great cash flow and moderate but steady increases in property value.I go for communities that show a 4-6% increase in value, a less than 10% overall vacancy rate (I aim for 5) and constant increases in population.I am currently working on 5 deals that are quite promising.

@Joanna Golden Deductibility of expenses revolves around the "in-service" date, which is tax talk for when the property is in a livable condition and advertised for rent.Once the property is placed in service, operating expenses can be deducted in full, even if there isn’t any rental income just yet.

For the time being I plan on doing all the listing/advertising, data collection/analytics (excel), and payment collection myself (paypal/venmo) until I have enough properties that using a service like Cozy or Avail becomes cost and time effective.

At the very least, you can consult with them and ask about their services and what the state requires to get an idea of what you would need to do without hiring them.  

It would take a 4.5% ROI just to cover your admin costs and break even.You could look at simply opening a self-directed IRA with a low fee custodian like IRA Services Trust Co in the Bay Area or Kingdom Trust Co in KY.