Hi Karen,Where you can renovate interior units / exterior, adding revenue generating opportunities (i.e. build a car port to charge for covered parking; implementing a utility efficiency improvement such as low water flows; adding an exterior privacy fence around 1st floor patios)...all based on adding more value to the residence there and enabling you to raise rents.  

I am trying to set up an 'ideal' entity or partnership so that I can efficiently limit my liability as well as reduce my annual tax reporting costs (and taxes in general). 

My two cents - In my experience with contractors - you only have 2 (maybe three choices)Cheap = slow, not efficient and not reliableGood Money = efficient, good... and if you are lucky - fast

Hello BP,After listening to podcast 196 with CPA Brandon Hall, I am questioning whether or not I'm most efficiently House Hacking.

Your employee assisted me very efficiently.

The fact is, most employers don't give a damn what your degree is in, but if you can increase sales 50% or run a department more efficiently or bring in new business, then you guarantee yourself a job even with a "useless degree".I actually have a "useless degree" myself.  

Just abide by the PM agreement you signed and pay fees you're obligated to.PMs don't like their stream of income being eliminated (8% of your rents, but mostly padding of repairs costs).Better to develop a more efficient model where you can self-manage (high-quality properties, strict tenant requirements, etc.). 

The key strengths and skills that I possess for success include: Proven demonstrated track record of improving profitability and efficiently optimizing operations, team building, quality assurance, control, compliance and sales  Proven and demonstrated ability to educate, coach, mentor and lead a successful team Extensive experience and success in planning and developing, efficiency improvement, labor relations and efficiency, operations budgeting, workforce scheduling, profit and loss liability, time management, hiring, training, coaching/mentoring for future promotion possibilities Exceptional dedication and contributions to employee and customer satisfactionLooking forward to positive futures with you!

Purchase and Sale Agreement (provided by someone else) completed by the homeowner and the cash buyerIs this the normal or most efficient process?

I had so many stepping stones to deal with until I got my license which enabled me to do some things a bit quicker and more efficiently, but also enabled me to help other investors because I already knew their expectations and how they view things.