Those shoes could be tennis shoes, work boots, dress shoes, etc. in other words, cash flow is defined differently by different people and is also area specific affected.When dealing with $600 per door monthly rents, you will find that your average expenses, excluding debt service, will average around 50% over the years.

I would definately use a light earthtone tile color.

The organizer/member would define the initial splits of profits, losses, and capital for each member (they don't have to be equal) and the numbers can change as you or your partner contribute (time, money, management expertise, etc.) into the LLC.

That would all depend on how much money you have already, your plans and how to diversify your portfolio, how many years to your retirement, if you have a regular job or have to live on real estate deals etc.No way to give a broad answer.

If your IRA owned 33% and you partnered with your IRA (which can be done but tricky) taking the balance ownership, I believe the IRS would look at that deal as the IRA owner benefiting and thus not allowed, however, I could be wrong on this so I would definately check into it.Even if the IRS gave the green light, I would be shy on doing deals like this as it comes to close to the gray areas and IRA funds are not worth risking when you can make money without the very same risk and problems.

My question was initially a local so-cal (los angeles metro area) specific question and then became broad to include input from others.

Define please.

But, if he throws out the $150K number first, the perceived value has been defined, and your $25K offer will psychologically feel more like a low-ball offer than a good-faith bid.Hope that makes sense.

The decision might not be permanent but just will help you define what you want your first purchase to be.

Thank you, and yes NYC apts. are def. in a league of their own compared to the rest of the country.