If so, you're likely one of the best landlords in the country, and I would recommend buying much larger apartment buildings/complexes where you can make a LOT more money...My biggest concern based on your answers is that if you're doing all the work yourself (leasing, maintenance, turn-over, landscaping, evictions, etc), you're probably spending at least a third of time time (if not a lot more) on this one property, and this one property is only earning you $20K per year.So, you basically have created a job for yourself, that's earning you less than $60K/year.

Just wondering if anyone has any ingenious ideas as far as marketing is concerned.

I know how to calculate the cap rate.If i want to know what is the fair value of the MFH:What cap rate should i take into concern in order to know if the property is undervalued?

I was wondering how you go about looking for employees and how you set things up as far as entities are concerned.

As far as health care plans are concerned, that's going to largely depend on what's offered in your state.

But, you have reason to be concerned.

hello all, i must say i have to agree with the rest of the crowd here, but i also must say i agree with your concerns jeff88the lawyer i'm thinking about using charges $320 per hour, so you can just imagine how that fee can add up when drafting and reviewing contracts, especially with me because i'm focused on commercial real estate investing (were everything is in more detail and etc)so i guess you have to find a lawyer that you can trust and that will agree to do certain task like contract review and etc for a set price, so that way you'll know what your getting into (well what the final price will be). because the worst thing is get some huge bill for something that you know probably only took the lawyer an hour to do, but they jack the bill up to get paid more.

That afternoon a different client (early 70s) was very concerned that he didn't have enough money to live on and that he might need to increase his withdrawals from his investment portfolio.

This morning Wachovia Corp reported a dismal quarter which heightened concerns about how corporate results will fare amid the ongoing credit crisis.The nation's fourth-largest bank suffered more write-downs linked to its troubled mortgage business, and slashed its dividend for the second time this year.

Collectively, the 4 partners will come up with the 20% down + closing costs to get each house and then split all expenses equally.My concern is, how do I get financing for houses under this setup?