Hey Dominick - I always recommend talking to long-established Realtors and find out who the "big players" are in your town.

It seems lately from your posts that you have looked at real estate properties to own,note buying,and now restaurants.I am trying to determine if you are placing money in multiple streams or trying to place money into one type of investment and seeing what fits looking at multiple things.There is a difference between taking say 30,000 of cash and putting all that cash into a restaurant and having 200,000 and putting into multiple things.If the restaurant doesn't work out if it's just a small part of your overall portfolio it is okay.If it is a majority of your cash into that one thing it can be a bad investment if you do not know how to analyze properly.You might want to look at business brokerage.This is where I help people analyze buying the assets of a business.Since you will not want to run it day to day you will be what is called an "absentee owner".Businesses can give a great return when purchased properlyAny specific questions just ask.

That rule of thumb says expenses (stuff the IRS allows you to deduct in one year), capital (stuff that has to be depreciated over multiple years) and vacancy will amount to 50% of your gross scheduled market rent.

A tub drain assembly is $15-20 and hoses are $5-10 x 2.Consider this a valuable lesson to meet contractors at the property and get multiple estimates to ensure you are getting a fair price.

My style is much different and I've experienced a lot of different types of transactions with usually different players each time.

As far as I'm concerned, things are totally different in times of war, if you're an American you need to be a team player, politics stops at the water's edge.....the most dispicable thing one could do during such times is to divide the country with political BS.TUFF, suck it up, get over it and defend our leaders in front of our enemies, that's what a real American would do!

After that I always stick with the same banker that I have dealing multiple transactions.

Complete newbie to wholesaling, though I have read multiple books regarding the subject.

I can see where the advice of an attorney would be very useful in complex situations say regarding multiple members, but in my case I would be setting this up strictly as a 1 member llc.

Apparently my buyers like it too, as I typically get in contract on my flips in a day or two, typically with multiple offers.