Hopefully I can not only learn but also contribute. :)

On the other hand, if the fee was just going to some "guru" who organized this meeting and didn't contribute anything more than passing around the collection plate, then I'd seriously question the need for the fee.The real benefit should be the information you guys share amongst each other in the interest of learning and helping each other out, not helping just one of the members (or supposed "guru") pad his/her pockets through the collection of fees.Just my two cents.

Natural rent increases due to limited housing supply and increasing demand, appreciation, principle pay down, and depreciation tax benefits all contribute to fantastic overall returns in this market even if initial cash flow as a percentage of purchase price is not as attractive as other markets.

It takes a little fine-tuning to figure out how much that management fee needs to be to cover the expenses but in the end, it helps to accurately reflect the profitability of the individual units.If you pay for an asset directly from your personal account and contribute it to the entity, you're not in serious danger of someone making a "piercing the veil" argument in a lawsuit.

Thanks, everyone, for being a part of BP and contributing when you can.

Pretty good for 4 years work.Please Note: I have partners in this deal that contributed to its success.

There really isn't a rule of thumb how much to put into reserves.For instance, year-end whatever cashflow remains, you can decide how much of it you want to be reserves/contributions or just retained earnings.

Having a good paying, W2 job has single handidly been one of the largest contributing factors in acquiring assets.

Ask lots of questions, especially on budgeting and soft costs (permits and fees).Good luck, I appreciate you realize that you can contribute and make a living after prison. 

I hate to do this, because now I am contributing to the problem.It's like the toiletpaper run all over again!