Don't have a expense item for property taxes (that's what the assessor is estimating so he doesn't take property taxes as an operating expense.

The solution is some form of seller finance, but first the SAFE Act and later Dodd-Frank has made that too expensive for small operators.

Once I assessed the operating costs of our HP's I gave them away.I have Brother Laser-Jets all-in-ones.

I am not talented in his areas of expertise.William, I have found that many but not not ALL RE agents hate investors operating on the premise that the investor is signing documents as a principal and assigning or selling their interests.Bill Gulley states why RE Brokers are concerned, especially for Errors and Omissions issues.

The adjoining business actually has 5 contiguous lots on the next street over. 3 (zoned for business) contain the existing business operations and their parking.

Specifically, if the door from the garage to the house appears to be solid core and has not been replaced since the house was built in 1982, is that okay.

Glad you are back at it.If you are taking on an investor/partner, then you want to structure the LLC with the correct operating agreement.

I would go the other way....keep it as an operating investment!!!

From what I understood, it has something to do with the involvement of the government in the way Fannie Mae and Freddie Mac operate (the Federal Takeover of 2008) As I was explained, the new DTI requirement will apply to private portfolio loans, but not to loans that will be sold to Fannie Mae and Freddie Mac (Conventional loans).

It's an eBook with a wealth of information on setting up these plans, including many of the rules, pitfalls, legal interpretations, numerous links, as well as a sample LLC operating agreement useful, apparently, in Arkansas.