See the 2020 aerial view below.Very little undeveloped private land is left in the Las Vegas Valley, and desirable areas cost more than $1 million per acre.

@Nate T.There is no affordable software to handle both, for your loans I would recommend using a third party servicer especially if they are owner occupied since not sending statements etc is a fdcpa violation and end of year 1098’s are a painA company called mortgage office has some software but expect to pay a few grand per year.

HOA and condo fees were a challenge but if you anticipate or budget it doesn't have to be

Pay Per Click6.

Note: I am the GC and the Realtor so fees are already reduced. 

Hey Simon, you have some good thoughts but I would not do that.  1) As one other poster mentioned it is just as much work to run a studio as it is to run a five bedroom (same number of guest contacts per year).  2) taxes are a bit high at 11% 3) You're going to get the motel crowd...

Here’s the investment details10k for revamp and fully furnishing 5k upfront fee for design and management $500 flat fee for the managementFYI I have already spent like 15k on the property 2.5 years ago to set up.Thanks for looking into this.

If a commercial property such as 9+ residential units (such as an apartment building) or not residential, the below doesn't apply. 9+ units typically take extra expenses into consideration such as management fees, utilities, etc. 

I don't think too many donors would be excited to start donating to a non profit if they find out the target audience is still paying FMV rent, and the person running the organization is collecting FMV management fees in his own pocket. 

Initially he started doing is own bookkeeping and after his 2nd deal he said " If you can help us everyday, I will take your challenge to cover your fees and you and your firm can be our CFO"Challenge - Buy 5 properties and sell or rent at least 4 in the first month.