HiI’m not sure this is the right category for the topic butI’m looking for a good reasonably priced garbage removal service in Pueblo CO.If any of you is familiar with a good Handiman as well it would be great.Thanks!

You must be able to add value in one or both of these categories.

I am 20 years old and a Junior in college, I have read multiple bigger pockets books and watched numerous webinars trying to soak up as much information as I can.

Scheduled monthly rent + other income (parking, laundry, utility bill back, etc) - vacancy = Effective Gross incomeEffective Gross income - expenses (see below) - debt service = Net Operating IncomeThe expense load can be generally grouped into these categories for small plex's between 2-4 units: Taxes, Insurance, Property management (if applicable), private mortgage insurance (if applicable) owner paid utilities, repair/maintenance/turnover, and reserves. 

There have been numerous people on BP talking about how they paid application fees but they could never get their loans closed on any deal brought to the company.

Consequences could be disastrous Keep everything professional, this sets the tone for the tenantBookkeeping and Taxes If you do it wrong, you’ll end up in jail You can use spreadsheets by dividing it into sections that correspond with the IRS’s categories for income and expense You can also use QuickBooks.

There are numerous ways that you can lock up or control a property if you find one that you want before you are ready to sell. 

The king in the category is clearly the internal rate of return (IRR) which takes into account cash flow, appreciation, debt repayment, leverage, etc. over the life of the investment.

@Tyler Darby I would suggest you break out your expenses into two categories: operating expenses and debt service.

As to your questions regarding whether you should seek out a CPA, yes, you absolutely should, but legal entities are generally more the realm of an attorney as California does not allow the "unauthorized practice of law" and drafting an operating agreement likely falls in that category if done by a CPA.