Would you call in Goodwill or a similar organization to donate all those items?

Part of the costs are modest management fee (5% in leasing I think), an asset mgt fee of 9,000/year (1.3%), 5,000 / year acct/legal/organization, vacancy/repair/maint/misc util/ tax/insurance.. then the loan which refinances 24-36 mo which hurts cash flow but returns all capital**[I think you should achieve a 11.3% CAGR by initially investing 630K (615 initial + 110 year 2 minus cash flow), getting that money back and investing it in the market @7% and adding 35k each year till year 10 from teh cashflow.

As I am getting organized to meet with my CPA at end of the month, I have realized I could have done this more efficiently.

I'm not an experienced investor, but have grown up with "row homes" in eastern PA.

Steve - This depends on how the entity that the profits are being retained in was organized.

It appears you have achieved everything through your hard work.More importantly, it appears you have really good relationship with your grown children (I have a rich uncle who prioritized money over the relationship with his children and he hasn't had a relationship with his only son & his grand-children over 10 years.

Congratulation on your organization and goal setting skills.

The rock county market as a whole has grown exponentially for 4 main reasons. 1.

@Anthony Dooley comment +1Also... if you plan on starting a business with anyone (especial friends or family) make sure you create an LLC and have extremely thorough articles of organization that outlines what you will all do when poop hits the fan (getting sued, one person is working more than the others, one person has put in more money than the others, someone wants out, you go into bankruptcy, etc).

Business has grown mostly by referrals over the years and I’ve recently hired a superintendent to help.