I work in account management/client relations for a local private company.

In general LLCs of which you do not own more than 50% are not considered related but it's something you want your accountant's blessing on.

Other than CapEx, I would definitely account for higher maintenance and renovation costs.

Account ClosedWhat are condo tels? 

Another challenge was to raise "X" of dollars in a savings account to cover a years worth of living expenses etc..My next challenge is to see what i can do first..1) Double the profits of my entertainment business2) Earn $9,000/month in net cash flow from Real Estate (not counting the investment property I already own)Here's what I'm planning to do in Real Estate...please chime in with any thoughts and/or let me know if we can work together.

Save twice what you think a turnover should cost in a reserve account used for repairs and turnovers.Good luck to you!

Originally posted by Account Closed:I vote for you chalking up  your lost money as tuition.   

There is always risk... but I’m tired of leaving my money in a savings account earning no interest.

You should talk to an attorney and accountant to find out the best way to set up your business.

Account Closed thank you for your replies.