If this doesn't include debt service and you plan on using financing, I would make sure to look at carrying costs and see if you could sustain a few months of negative cashflow (assuming you have a plan to quickly decrease operating expenses). 

I have friends that own and operate a B&B in Cashmere Washington...but they had it built specifically for that purpose so they have their living area and then 4 suites they rent out and one commercial kitchen that is used obviously for the guest breakfasts and their personal use.You would want to check with your local (County or City) Business License-Permit Department to find out if you can legally operate a B&B in your home at the property you reference.  

I feel like I developed a pretty sound criteria for operating in the middle market.

I recently passed my RE exam, which I mainly pursued because of wanting to buy more investments, but I'm also interested in managing properties for others.I'm located in CA which requires one to have a broker license for PM, however I have seen a few PM's who do not have a broker license, but are owners of PM companies operating under someone else's broker license.I have yet to find a broker who allows this so wanted to see if anyone here has any information on how this works and where I should look?

Although there are pitfalls and possible headaches, if you read and understand the law and operate within those parameters you'll be fine.

I'm a successful sales manager for a large company, and believe my sales and operational background will give me a good foundation to be a champion in real estate. 

For this, they want 65-35 split of the net profits and operating income with a 50/50 split on the investment. 

Hey everyone, my name is Mike, and I just joined the site.I'm currently living in Stuttgart, Germany, but I'll be moving to Charleston, SC this summer, where I have my primary residence and 2 cashflowing SFHs.I'm hoping to expand the operation and get in on some multifamily spots, and learn about flips. 

  @Sean Xin Someone who has experience in the Houston real estate market, primarily operating within the realm of single family properties (buy and hold, cash flow generation); specifically someone who has been successful in that area.

So now that I kind of have an idea of how to obtain the real numbers behind these categories, I should have a much better idea of the building's value and operating costs.