Hi all,I'm wondering if anyone has any insights to how to determine what rent you can charge on a property that's subject to rent control that's historically been lived in by the owner.

While you will not have as many expenses in the first few years of a freshly rehabbed or banks new build,you will have them eventually,thus, the rule is in place for the long term.That said, this rule is again, an average and to be more precise, the rule for single family to 4 unit buildings will likely average closer to 45%, but apartment buildings were also included in this rule of thumb and thus!

Rent controls may come.

Step 6) Can I simply start investing in approved assets/transactions with checkbook control?

Remember you don't have to own a property to control it.Good luckPaul

I am looking for some recommendations on a RE attorney and CPA in PA as I intend to use a self directed IRA for seed money and then Hire a separate entity (also controlled- owned by me) to complete the repairs that will be required.

I like to have control and direct oversight so not being able to stop by when I need to wouldn't work for me.As far as a turnkey rental yes I would definitely buy one if the price were right but just not out of state.

Remember you don't have to own a property to control it.Good luckPaul

However, I'm quite introverted and don't ideally see myself marketing in my future.What i'm most concerned with is what aspect of investing control I should focus on in my year of studies..Online, I could focus on getting my RE license or prepare for the studies of learning about GC licenser.

In this case, especially with NYC famous rent control laws.