I have a contractor only have $10,000 bond.and he has a workman comp with "STATE COMPENSATION INSURANCE FUND" and it has no limit. anyone heard of STATE COMPENSATION INSURANCE FUND?

Eric Archer in the book says Originally posted by Eric Archer: Limited Liability for potential exposure to claims of creditors.

This is what we've done, and have been fortunate enuf to have found some investors here on BP to do just that.Am I to understand that you are part of some type of investment company that is competing for investors against those whom you are criticizing?

I believe that in rental business, tenants are the most critical part of the business.

. / $4,166.67Annual debt service “DS”Revenues:Monthly AnnuallyRental Income$935$11,220.00 (RI)Vacancy @ 8% ($74.80)($897.60)Net Rental Income $860.20$10,322.40 NRI)Operating Expenses:Property Tax- 1800 (this is being challenged currently, but no ruling at this time)Insurance- 1000 (estimate, I will get a quote on this for sure.)Maintenance- 1200 (Estimate)Utilities- 800 (Estimate)Advertising- 100 (Estimate)Total Operating Expenses (*Very Estimated*) = $4900 (TOE)Net Operating IncomeNRI-TOE= NOI$10,322.40-$4900= $5422.50 (NOI)Total Cash FlowNOI- DS= TCF$5.422.40-$4,166.67= $1,255.73Return on InvestmentTCF/ TCO= ROI$1,255.73/ $5,000= .2511 (25.11%)Cash on Cash (Considering- Down Payment, Upfront Repairs, Closing Costs)TCF/ TCO (W/repairs and closing costs)$1,255.73/ $6,500 ($5,000 DP + $0 Initial Repairs + $1,500 Closing Cost) = .1923 (19.23%)My thoughts regarding this deal: I think the asking price is a little high for the property considering it’s age, condition (off of visual inspection from the street level only), location, what limited comps I could find.

That will be a drag on housing prices because it limits demand.Local factors may come into play.

I doubt it, but wanted to check to see if there was a loophole.On solo 401ks, is the self employment income that you can contribute from, limited to whatever you report on schedule SE and pay self employment tax on?

As I'm still a poor working stiff at the moment, with limited time, I do rely on commercial broker contacts to give me an early look at things coming their way, that's been useful.And I didn't say Loopnet is garbage for everything.

Skies the limit!

The thought was that if it did, then I would look to start at that price in order limit my monthly negative cash flow.