Be selective when it comes to choosing the brokerage you want to be affiliated with and be upfront with them as to why you got your license so that you manage their expectations of you in the front end.For instance, they might start asking you to "Host Open Houses" Saturdays and you are thinking hold on a minute I didn't sign up for this?!!

So normally, if the old property was in an LLC the new property needs to be in the same LLC.However, if that LLC only has one member and it chooses to be taxed as a sole proprietor then it doesn't file a tax return. 

If you choose not to scrape loose paint you can find yourself in the same position you are now few years down the road.

Third, if there is even an annual report fee, you and choose not to file, the partners' basis are now incorrect with the IRS. 

Because the financing is different for buildings with more than 4 units, as you may already know, you can't really use a per-unit price on a 4-unit and extrapolate to a 5 or 6 unit :(Instead of looking for comparable sales, you usually end up having to apply a market cap rate to the net income (NOI) of the property, which appraisers call the "income approach".As for what's a "market cap rate", well that's about as much art vs. science as (in some way) choosing good sales comps are.For a B area of Providence I think you'd be safe using a 5% or 5.5% cap rate, but if it was an A area like the East Side you might want to go with 4% or 4.5%.You should also ask around as I certainly haven't done any market survey of cap rates.

And what made you choose this Feild?

From what I've seen and I'm sure some realtors can chime in - but I'd spitball anything $200k and lower is prime as there just isn't much to choose from (if you are thinking about resale and how fast you can move later on as most Dr's it seems like complete their residency in town ... if that's what you're doing....then move shortly thereafter)Anyways if that's the high end of your budget you have the pick of wherever you want to live.I did the whole roommate situation - but will tell you this - as someone pointed out - Wichita is fairly affordable so IMO having done the roommate situation there  here's my perception.You either need to offer a KICKAxx space (which a $500k house would do) to get a roommate or it needs to be pretty affordable - or a combo of both.   

Which would you choose and more importantly WHY?!

I have noticed that a lot of landlords are choosing not to require last month's rent.

Was definitely a piggyback question as far as bundle discounts and offers to see how often buyers pick and choose or make my own bundle so to speak.