Common area expenses, taxes, insurance, etc. do not go down with occupancy, as such, the rule must be adjusted accordingly.Yes, you can certainly make loans with your IRA (just not to yourself or any other disqualified party.

I am going down this path but have yet to find common ground.

If you hire them, you are the employer, and are liable.

I would pay around (25-28% fed tax + 8% state tax + 15% self employment tax) on that 60k.

These fees are pretty standard throughout my region.The company is also a licensed general contractor and employs 2 full time maintenance people.

For your first couple of projects a little common sense will go a long way.

I love the idea of citing numerous common examples to the tenant on the front end, of what you will repair and what you will not.

My quad's come out to 64,000 a door for 850 to 950 a month in rent on my apartments.I don't look at it only from a cash flow perspective however.The area I have the buildings in is an A location prime for redevelopment down the road.Mike it sounds like your local market is competitive with investors and your margins are thin.On one hand it is good to be in a thriving market where demand is strong because usually supply is lower and the amount of rentals and new development for multifamily cannot meet demand.This helps rents grow at a rate that outpaces utility increases and inflation.The downside is it can make some investors overspend on a property because they feel good about the market.I looked for over 2 years before I bought something.I said many times those buyers were nuts.I tracked the properties and many investment properties after purchase just 1 to 2 years later went into foreclosure.They bought at such a price that it wasn't sustainable.I look for a 10 CAP or better on my purchases.The problem is if you someone who has only gotten 1 percent interest off of a CD or Treasuries or they have gotten beat up in the stock market.Those types of buyers jump up and down to get a 7% annual CAP return beating out your offers everyday of the week.By in large many buyers like this can be lazy.They only look in the MLS for listed properties.Value can be found marketing to sellers that are not on the market.They don't want to make public all of their problems ( I know it is common knowledge of default at some point but this is their mindset ).

If PA state statutes are old and do not address as many things as other states do; and, if PA courts refer to other state statutes when deciding lawsuits - it sounds like a full understanding of the current status of landlord tenant law in PA requires knowing the common law rules.This means:1) read the statutes - if a statute addresses your question directly great - thay MAY be the answer2) read any case law addressing your question.

Maybe post flyers in the common areas of the nearby employment places.