Following the sage wisdom of David Greene, our plan is to establish a "Core 4" team in a few different markets and develop those into profitable business relationships.As we've just started on this path, any advice is welcome, and anyone interested in working with motivated fledgling investors, please feel free to reach out!

There is a cost to LLCs; state annual fees, bank fees, accounting fees, and simply the cost of the time to operate multiple LLCs. 

I prefer to operate based on what is best for me and have the experience to do it safely.One of the easiest legal ways to target seniors in screening is to have higher than average minimum credit score requirements.

Why do you not include your monthly mortgage when subtracting  operating expenses from your Net income.

There is also Landlord locks.com (or something close to that) they offer a few different options of replaceable core locks.

I know that this is more a local problem with the big growth my building area is going through, mainly because of the smaller sizes of the cities and towns, in which I operate.

The tenant was also charged $130 for tenant caused repairs (I.E. dog holes in back yard).The work needed upon move out was:- Full paint including ceilings in all 3 upstairs bedrooms - normal wear and tear- Paint interior and exterior doors front and back - normal wear and tear the sun beats down on these doors- Fill in all nail holes and repair where old curtain rods were on windows- Install smoke alarms - normal upon move out- Change furnace filter - normal upon move out- Fill dog holes in back yard - Check all plumbing and electrical to ensure is functioning (switches, plugs, outlets, drains, faucets) - precautionary to avoid maintenance issues as it is cheaper to do everything at once rather than have several maintenance calls after a move in- Roof repairs - not tenant damage- Ceiling repairs in upper bedrooms - due to roof leak- Repair storm door on front and rear entry- Remove all debris throughout the property- Check all cabinets, doors, hinges, are tight and open/close as they should - precautionary to avoid maintenance issues as it is cheaper to do everything at once rather than have several maintenance calls after a move in- Repair kitchen cabinet that is leaning forward - minor repair- Install shower head- Reglaze bathtub - not tenant damage- Install light bulbs in every socket - normal upon move out- Check all ceiling fans operate and install globes where missing - precautionary to avoid maintenance issues as it is cheaper to do everything at once rather than have several maintenance calls after a move in- Change front and back entry door locks - normal In move outYour response below:Skye,Isn't this supposed to be covered by the tenant's deposit?

@Kirk WatkinsPartnership entities have so much flexibility that you can literally allocate income/losses in anyway shape or form.You just need to find the partner to agree to the terms that you want.You would then need to find an attorney to draft up the operating agreement/partnership agreement.

Start to attend COIN, COREE, Columbus Multifamily Investors Meetup, and Columbus Deal Makers Sessions (if you haven't already).

You’ll be cashflow negative equivalent to the interest of the HELOC.Purchase price: 500kHeloc: 120k (20%) - approx $500 monthly interestMortgage: 380k - Approximately approx $2000 monthly interest and principalAll other operating costs (condo fees etc.): $1000In this scenario let’s imagine that you might be able to get 3k (doubtful but lets dream!)