If you are still the owner occupant at the time when you refinance, then you can easily refinance with 20% equity (I assume that you meant 20% equity and not 80%).

If 60 day is required in your state then be double sure and give 60 day. even if your on a month to month lease.Ask them to do a walk thru on your apartment prior to vacating, set an appointment not less than 2 weeks from moving out, so they can let you know what they are requiring you to do for your security deposit to be returned.

He is asking for 2% annual management fee and 25% of the profits over 8% annualized return.

Because that's 96 cents an hour, not including any return on the capital you put up

Just make sure your Team is local and experienced and will return your phone calls promptly.  

I will be looking for multifamily properties in the $80K - $120K price range and would be able to put about 20% down.I’m really looking forward to the future and hopefully one day return the favor to some other “newbie” looking for advice!

So if any of you out there needs a young work horse who is willing to split earnings in return for some guidance, please reach out to me.

In other words, if they are supposed to be different companies, under what kind of agreement a company will give all its money to another company without getting anything in return?

@Andrew R. the NRW 91-01: Withholding on Sale of Real Property by Nonresidents is a good link - I went to bookmark it and found I had already done so in 2012 :)My understanding is that it's "withholding" meaning the seller may get some or all of it back once s/he/they file a tax return in Rhode Island for that year.Also a close reading mentions a possible exemption for sellers 55+"In the event that the sale of the property by a nonresident will not be subject to tax under Sections 121 (One-Time Exclusion - Over 55 Principal Residents)... the nonresident seller must make the gain election and file the RI Form 71.3 Election even though no withholding need be made""If the property Martha was selling was her residence and if she otherwise qualified and intends to treat the sale under Section 121 of the Internal Revenue Code (one Time Exclusion Over 55 Principal Residence), she would still have to file the election form 20 days before the closing but would complete the election form and use the special types of transactions area on the back.

I'm ultimately trying to maximize my cash-on-cash return, so I'd like to put as little down as possible.