I am sure that Scott is aware that he should do lots of research before buying an MTR, but if a part of that research can't be posting a potential deal to the forums and getting community input/guidance on how to think about it, what is the BP forum even for?

Monroe Gordon and Amanda Atkerson with Palm West Realty - I've been working with them for many years now, they manage 5 of our properties.

There are a lot of misconceptions about the protections afforded by the LLC, so speak with an attorney.

I was told by my tax person that I can only deduct a percentage and not the total cost of the remodel.Thank you

We obviously handle the ones near us in-house, but hiring someone in another market to work one day a month is a bit of an odd task.My guess is that remote property management companies need to have a sort of Swiss-army-knife person in the area that can do many variable tasks for them and works on an hourly basis as there may not always be things to do, but I don't know that for a fact.How do remote/long-distance property management companies overcome the challenges of not being in the area?

If Oklahoma has a law called "Predatory Real Estate Wholesaler Prohibition Act", don't you think that might just be a state to avoid for a new wholesaler who doesn't know much of what they are doing yet?

Alternatively, does anyone know of a loan originator who can help me create my own friendly line of credit from one of my LLCs and record the liens?

Can any of you share your experience with that type of rentals?

More importantly, we have the 183+ Detroit Neighborhoods mapped out and 104 of them identified a Class A, B, C or D.DM us if you'd like to discuss more...

Hi Charles, I think you made the best decision in terms of an exit strategy.