You should be cash flow positive day one.

Any thoughts or open positions?

But, without a defined need for the structure, in this case it's been challenging to create a business for the location at a cost with a positive ROI.

I have a long way to go before I'm in any position to do any investing, but that will give me time to learn as much as I can, so I'm not discouraged.

as I do see the positive to an entity/LLC.If under an entity - what name or how to you plan on the naming for your LLC?

if your area (or even 45 minutes away) can't afford you positive cash flow, maybe you should be looking elsewhere.Wade

We are not in the financial position to pay for the restoration but would like to keep the home.

I am a 51 year old educator from southern New Jersey, with a desire in becoming successful in REI, enough so to leave my current position in 4-5 years.On the advice of some of the forum "posters", I have read the "Rich Dad" series, and am looking to acquire one of the Carelton Sheets "No Down Payment" study guides, as well as continue to explore this site.

He upstreams his positive cash to a LLLP, I didn't even know they existed till he showed me his docs.

Originally posted by "noobdog1":TOTALLY SEPERATE your goals for personal purchase from investment purchase.I understand what you are saying, and if I felt I were in the position to do so, I would.