I could do this with a SFR or a multi family unit up to 4 units, and rent out the other 3.It seems very difficult to find a good multi home, as they are all snatched up quickly...So I guess my question is:Are their any legalities associated with this?

I guess your going to make our jobs a lot easier when we can just punch in a couple of data points and have this thing do all the work for us.

I mean I guess it might be more work for you to communicate with two different companies, but that might be easier who knows!

Some counties will count it as real property I guess.

However, he did admit that he just wants to flip now and not be a landlord anymore, so I guess he'd be happy squeaking out 35k after a 7 year note and his interest. 

So, I guess maybe the board knew there was equity, so they actually bid to protect their debt from being wiped out if the bank took it back.  

On your commercial property, you might need a cleaning company, a roofing company, and a lawn service too, all of which you'd be managing.I'm guessing the tenants are not Triple Net....You might ask all those folks if they know anyone who is a PM. 

Calling, reading, e-mailing, second-guessing all my research until I finally JUST DID IT! 

I guess I should of added that to the post before now.

I guess I’m outsourcing the classes through QuickBooks.