So is the property a 6 cap on existing rent and then there is additional percentage rent if sales go above a certain number annually?

It produces over far over 6 figures of rent annually for a little duplex that probably could be rebuilt from scratch for less than it brings in from rent in a year. 

I just recently created a Facebook page and i'm just starting my bigger-pockets account.

Account Closed is trying to express is that he knowing hired an unlicensed contractor and probably didn't pull permits for the place he was renovating either.

Can anyone recommend a tax accountant in the San Francisco Bay Area who—in addition to familiar with real estate investments—is familiar with tax implications on Incentive Stock Options (ISOs)?

To put it in perspective, what I will get on a cash-on-cash return basis on a large multi-unit property in the Sacramento-Fresno range will dwarf the gross rent I received on an annual basis from the SF apartment building. 

I'm looking to find a good real estate accountant in the south jersey area.

Account Closed, Thank you!

Account ClosedDude if you want to get started in REI just hit me up.

Originally posted by Account Closed:I agreed to Todd.