Originally posted by @Leonard Sanford Jr:@Jim K.

I am originally from Metro Detroit and still own properties in the area. 

Originally posted by Grant Moulden:As an advisor who has written over a hundred IULs and own two myself....I'm unbias.

I originally wanted to invest out of state but part of me wants to be near where I invest.

I'm originally from San Francisco, CA and started investing in 2021.

Mcdonald's hits their franchisees with tons of fees and has garnered it's easier to offer support and collect than to manage tons of employees store to store.There are a few parent corporate owned stores but not many.Mcdonald's doesn't pay very much rent most of them sell for 2 million or so.

My question is based on the following:lets say you put down 20% on 300K property which is 60k (plus closing costs ) and you are breaking even with you mortgage + other expenses(taxes ,management fees,...) included.

Once the new tenant takes over, apply the deposit towards any unpaid rent or other legal charges, send the original tenant a refund of the remainder, and move on.I also recommend you strengthen your lease.

My original plan was to move into the “turn-key” unit and rehab the other two units over the course of an estimated 6-months.

I have been paying someone a flat fee to file our taxes for years.