There does not appear to be room for reduction in operating expenses.I am doing my own due diligence but would also like feedback from others in the local area as to what they think of the location, the property and prospects continued growth in the area and for increasing rents.

There does not appear to be room for reduction in operating expenses.I am doing my own due diligence but would also like feedback from others in the local area as to what they think of the location, the property and prospects continued growth in the area and for increasing rents.

Always Do your own “due diligence” People/companies should give you access to their operations and check the references etc.

Based on the zoning I can do nearly anything I want.I am looking for a low neighborhood impact business that has a high cash flow with low entry.My thought is in buying shipping containers and packing them in tight on the lot and creating a commercial storage business.By my estimates the property could generate up to $96k a year with less than 1 year's income to reach full build out.Any one have experience with this model?

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.