We have found some small apartments online in the detroit area but being from out of state we need to find a good realtor and property manager in the detroit area.

Hello,My name is Lisa PattonI'm looking at how to create a Google phone account  to introduce my rental properties.

Most people seem to avoid the conversation about all the Real Estate risk takers that played the biggest part in the housing crisis.A few years before the bubble burst I was encountering real estate investors, house flippers, and buy-and-hold participants everywhere I went, my waitress at The Cheesecake Factory, the two McDonalds employees talking deals on their lunch break, the clerk at the grocery store, everyone everywhere appeared to be a real estate investor in one form or another getting a piece of the housing boom.The underlining problem I noticed was during the rush to get into the RE industry most of the people capitalizing in the industry never learned the basics of RE investing and were simply doing what their friends, neighbors, coworkers, or online postings told them to do to get a piece of the pie.

I'm ok when it comes to accounting... thinking I can get through it.Note: the LLC is 2 partners, 50% myself & 50% a canadian citizen.Any direction/suggestion welcome!

I love Account Closed's suggestions; I think that she is right on about that step by step process.

I also did online reviews of the TK provider (which is separate from the PM / Rehabber).

As far as reserves, I've got a pretty good cash cushion built up, plus a line of credit in case of a dire emergency.While I haven't exactly budgeted for CapEx, my initial plan was to set all of the cash flow aside in a separate checking account to build up toward replacing the roof, separating the electric and hot water, etc.

Account ClosedAre you flipping it or will it be a rental? 

Is there a reason for your accounting and legal fees totaling $1,000 / year?

I want to help him with the down with an established no interest (except for the cost of extracting equity from a property) repayment schedule.Just looking into this, haven't spoke to an attorney or accountant yet.