Even an individual owner of real estate has to answer to someone, or some group (bank, spouse, heirs, etc).

And I too, have thought this was more of a lifestyle choice than a good investment, but now Warren says to do it...http://www.forbes.com/sites/janetnovack/2012/01/27/warren-buffetts-advice-to-a-boomer-buy-your-sunbelt-retirement-home-now/http://www.forbes.com/forbes/2011/0627/money-guide-11-real-estate-gallagher-nar-vacation-retire-later.htmlWhat do you think, would you do it?

If the units are individually metered, what utilities are the owners usually responsible for?

Hi, I was wondering if sending yellow letters was mostly used just for sfh and individual property owners.

If you use the 50 percent rule, which is probably about as accurate of a crystal ball as any other method (and will still not hit the mark on many individual years) then, of your gross rents you would have 1050/month to count toward your debt service (principal and interest) and the remaining toward your cash flow.So, I can't tell what percent of your PITI is T&I, but I would guess it is around 300/month.

And the caliber of individual you will deal with is so low you'll wish you never started.

Regarding individual fees, both companies get multiple quotes and get my approval before starting work.

If you have an individual seller, you can probably make it work.

Help you define the appropriate business structures, both from a legal protection and from a financial/tax perspectiveHelp you create a tax strategy for your business that will allow you to legally keep as much money as you possibly canHelp you make smart decisions with respect to your individual real estate investmentsPrepare your annual tax returnsRecommend other team members (attorney, insurance agent, real estate agent, etc) who can help make your business a successWhat are your credentials?

I need to finally pull the trigger on this.My pertinent info:-I own 3 rental SFR properties, all free and clear :D worth approximately $450k-I live in a 4th property which is mortgaged-I live in California :/-I also have a regular jobPrimary goal: asset protectionSecondary goal: increase tax advantages above and beyond my current sole proprietor statusAs a side note, I would also like to hear your thoughts on LLC'ing in wyoming/nevada/wherever else you can think of and how that model would or would not work in California as a foreign corp seeing as how "strict", for the lack of a better word, it is here in California.My entity/entities of choice would protect me from inside liability as well as outside liability.