Most people spend 5 minutes locking the deal up, and another 20 minutes talking, ultimately losing the deal.  

If not, I don't think the cost of having a lawyer draft/review these documents are worth the benefits of locking up this one tenant (unless he or she is willing to pay a lot more). 

Yes, you will need to spend $1,000 - $3,000. 

Criminals know it, because they spend enough time in prison to know it.

The total was $1785 (I believe this may have included registered agent fees and address forwarding, and I need to review my invoice for if this covered state filing fees, but I think not).

Most of the syndications I have reviewed recently involve upgrading C class buildings so they can raise rents and therefore values to generate good returns.

Obviously you will spend a lot more time managing the project and coordinating each contractor, materials, deliveries, etc.

Perhaps shifting to work for a startup might free you up out of the corporate America's stuffiness.2) Devote More Time To Your Hobbies: Don't know how much free time you have, but perhaps you can increase the amount of time you spend fixing up dirt bikes and rebuilding classic cars with your kids.

That way you dont accidentally spend your mortgage payment. 3.

@Jestin Sorenson Make sure to review all the rents and deferred maintenance costs, all the utilities, insurance...everything-if you plan to take a portion of equity-all the numbers need to be evaluated.