Over the long haul, your operating expenses will likely average out to 45-50%.

May want to look into Landlord Locks as you scale up your operation...

That's what you get when an entire service sector is set up with virtually no barrier to entry (real estate sales).

Broker - someone who has no money, small operation in most cases, works a full time job in another field, has no money, no team, always looking for the easy way out with no real commitment, never buys from the bank.

There has to be a fundamental change in the way the auto industry operates.

With virtually no risk - right?

With a principal of roughly $1,300 per month and assuming a $250 per month HOA, you are still at about $2,000 total monthly after your operating expenses.

Mike can you share your annual dollar volume from RE operations?

In Fiscal Year 2006, the U.S. government operated with $2.407 trillion in revenue.

I would recommend an LLC with an operating agreement and I would get a lawyer to draw everything up.