I have a bachelors degree in Business and am in the process of selling my share of a company I helped grow from 4 to 25 people over 8 years.

lots of great advice. i would add the following:if you are going to update the wiring and plumbing to a significant degree you should consided adding submetering for each unit.

I worked for Dr Laffer back when I was getting my economics degree at Vandy, and that guy is absolutely brilliant.

I am graduating next fall with an engineering degree and I plan on working as soon as I graduate.

I know I should know this, and is answered to a degree out there, but ill ask anyway ...If I do a cash out refi on a property that I have paid off, I probobly will be required to keep like 25% in, and then I am paying a new mortgage payment on that property for a 30 year fixed time frame, right?

@Jeff WaldenBut remember... who wants to move when its 10 degrees out side ins Wisconsin? 

You begin by informing them of the consequences, perhaps begin with a threat, then a beating, maybe a knee capping and ultimately a killing to send a message to others.Debt collection follows the same principal in ever business to varying degrees.

Lawrence is a party town, lots of smart people with degrees working for $12 an hour.

Pros are tax handling, reduction of liability (degrees), Cons are costs, both at formation and in form of interest rates.

A college degree is often a requirement.Perhaps getting a realtor salesperson license and see who will train you.