Value = Net Operating Income / Capitalization Rateedit: This applies to 5 units and above....1-4 units is more based on comps.

just charge ala carte  fee for acquisition and fee for rehab management.. there are a few vendors I deal with in the mid west I call it turn key light.. buyer gets a little better deal.. operator does not incur holding costs and associated risksother wise just flip it.. as hot as Vegas is ...

The former owner had rented it for 7 years, so it is a great generator.

The owner is responsible for paying all of the expenses, and will be entitled to all income generated by the investments IRA owns.You personally are prohibited from paying any expenses on the property your IRA owns. 

Also before you decide to buy a property you need to have an Operating Agreement created by an attorney clearly detailing each person roles and responsibilities.

There’s many brutal experiences from true disgruntled owners and tenants described here and in other sites such as google and yelp that I read and that are in line with my experiences  -2 COMPANIES, SAME OWNERSTexas Turnkey Properties (texasturnkeyproperties.com) and Real Property Management Preferred (htownrpm.com) are 2 companies owned and operated by the couple Shawn and Joni Wolfswinkel.

Tighten operations and make sure your customer service is above the competition.   

They also will likely not consider rental income that isn't being generated so you will probably have to have enough verifiable income to support the whole loan.

Hi James,My broker also does property management, and I have been very impressed with the operation he has set up.   

You should have a separate operations entity - that will do all the public interfacing, property management, hiring of contractors, leasing, etc.