Continue to operate your business in the way that you operate it.

Of course our goal is to increase our operating income and net cash flow, thereby taking advantage of a growing market and benefiting the community.  2 questions...1) When do you know it's time to hire an employee?

Please contact me if you know of a good resource to get the correct LLC docs (operating and subscription agreements) when I am using SDIRA funds for equity in a deal.  

Or perhaps it all depends what kind of entity we are operating under (S corp, LLC etc).

Quick analysis is derived by taking annual Gross potential rent, subtracting an appropriate expense ratio (a percentage of income that is typically used for normal operating expenses+reserves+taxes etc.) and dividing by a market Cap rate.

@Scott ShopeI operate a property management company in Indianapolis called Intrigue Indy.

When you owner operate you run the risk of doing an action that may make you personally liable even if you have an LLC. 

Hey @Taylor Smith,There are a lot of factors that play into the decision, so I would always start discussing what your current portfolio looks like, your future goals, what states you operate from generally along with a multitude of other questions.

*MOST* of the time, unless you have something that's a maintenance or operations nightmare (i.e. you're driving a 10 MPG Hummer), the cheapest thing you can do with cars is keep the ones you have until the wheels fall off.

This was a really good reminder that we need to put together some sort of operating agreement and some other policy paperwork as well but I'm not sure where the best place is to start or should we just get a lawyer?