If the maturity event is in the very short term, you will only stand to collect payments for that amount of time.

Most states have minimum dollar amounts that can be secured by RE, that came out of the depression when people gave liens for groceries at markets to eat and lost the farms over a hundred bucks. $5,000 initial amount here and it applies to any lien like seconds.

Yes, you should separate these, can't think of a good reason to combine (and saving a few bucks on initial and annual LLC costs is not a good reason, IMO).An "active" consulting business will pass through for tax reporting to a Sch.

It was only 90 bucks for 6 nights, roughly 3 hours a night.

It costs about a buck a letter, including postage

For example, I let in a tenant I felt weird about, or I try to fix something myself to save a buck and end up loosing a week of my life.

With having said that I do have a DECENT paying job - not bad, not good either (as in most Americans case) - but it does bring money in to cover the bills and save a couple bucks at the end of each month.

In reality, it may be tough to get that great of a lease to actually allow you to make much more than a management fee with your tenant, the key will certainly be your lease with the owner.Your tenant lease expires and they move, or, they go out of business, you're still on the hook, so your lease to tenants still needs to be competitive to get out from under your obligation.Commercial, residential for that matter, leasing is profitable in large numbers, starting off you're really at risk, the effort for what you get isn't worth it, but if you can bite off a strip center or office complex you can reduce those initial risks.The comment as to seller financing vs the MLO, the real profit is in the ownership, equity, appreciation and tax benefits, not so much in a few bucks per door.

While you will have a hard time articulating any specific feature that might lessen the amount of time the loan is outstanding, such as through a balloon, while maintaining a reasonable payment, it will at the least put the group of you on the same page to talk maturely about the arrangements everyone is entering into.

You have to watch out for maturity on the debt you borrow and have multiple exits.I have had talks with local banks and many are pushing only 5 year loan terms because with savings and cd payouts rising in the coming years they do not want to have many fixed rate low interest loans.