I have been looking for prospects in Naples for rentals to purchase and hold.

You're spinning your wheels trying to do financial calculations for prospects, don't even go there.

Here's what I wrote here last June:Originally posted by @David Krulac:@Bryan WellerI don't like LLC, INC names that mimic the owner's name, like:Bryan Weller LLCWeller Real Estate LLCI think that the company name should be completely different from your own name, even Bryan and Bob LLC is something I don't like.From the IRS prospective there is always the question of dealer or investor, which often equates to being Federally taxed at long term Capital Gains rates or ordinary income at double the taxes. so your name should not state or imply that you are a dealer like:Day Trading Real Estate LLCBryan's Buying & Selling Real Estate LLCBryan's Flipping Homes LLC.Another thing that happens is that the nature of your business might change and now the specific name you pick does not apply likeRehabbing Chicago LLCThen you stop rehabbing or stop working in Chicago, once you move to Milwaukee or even Skokie and only do rentals the name Rehabbing Chicago doesn't make sense any more and will confuse people.I'm not as bothered by this one but have seen people that have names that don't quite fit or don't fit yet like:Worldwide Real Estate LLCGlobal Real Estate LLCTranscontinental Real Estate LLCActually met a couple of people with names like those who didn't own any real estate.

By the way, add Nashville to your list of prospects.

I can't speak to local customs/regs in Utah, but in Mass you can go the building department and ask to see the building jacket - this shows you all bldg permits, violations etc.

@Jon HoldmanHad a prospect who wanted a month to month and I agreed and wrote it up that either party could terminate the agreement with 30 days written notice without a reason.

I found an interesting prospect.

My breakdown is:Hardware/Fixtures/Materials - Lowe's - Create a custom list of items of you want discounts on and ask them for pricing.

Customer service will provide you with the other state that do not disclose.

Call a title company and ask for their customer service department and ask the CS rep for a list of sales in the last six months in the same complex (important-sales in other complexes might not be good comps because homeowners dues van vary widely).