.#3 I would look at the average/median incomes in the zip where you are being pitched and see if that supports rent.#4 I see a lot of these deals and talk with lots of investors....going to giant investor meeting tonight in fact. 

Hi CJ, that's a bit of a challenge because tenants stay for 3 years on average.

How much on average per room could I expect for a hotel being converted into a multifamily with 1-bedroom units.

Be wary if rents exceed 1/3 of average incomes.Absorption/Vacancy: Consult National Association of Realtors for market time and inventory insights.

:) It did help , I saw that I can make the LLC in Wyoming its not gonna be expensive and they provider that  am going to use provide with a relay back account I think that's the bank name I know its not gonna be the best but it gonna give me a humble start non the less

Need the ability to adjust rent escalations, NNN expenses etc on an ongoing basis without chasing tenants to make updates.

To manage risks, some investors employ an LLC in addition to insurance.There are expenses associated with running an LLC, such as yearly fees, registration fees, and even legal fees.

Even though your first year was very low for income, you could still see if you qualify when averaging across the two years of tax returns.

My accountant told me there are two ways to get a cost segregation study, one being the expensive route where an engineer comes onsite and does it.

So, question: what do you 1099s average for 2022 and 2023?