Of course, this yield, while strong, may not move the needle enough if the overall basis on the initial acquisition is "too high", so there needs to be a current yield calculation on the whole property.

Using private money to cover Subto's entry fees is a smart move to grow your business.

If you're interested, I can share with you why I did that and my strategy moving forward over coffee anytime.

Usually, for what ever they are, they are not priced to move, obviously.

I would either sell the units to avoid moving them and maybe make a little profit and use the lots to rent for 300-400 per month or rehabs the units and rent out for 800-900 per month. 

Very very very rarely are there nice beautiful move in ready homes or land available....it can happen, but rare.Also think about how long you will have to hold it and what the cost of holding it will be. 

As I was preparing my taxes, my tax professional advised me that management LLC is redundancy and it doesn't make sense to have, it's like moving my money from one pocket to the other.

Thanks for your referral, I will give Gabe a call tomorrow for another quote.Smart move.

Thank you for your reply, my parents actually just moved to Laconia so small world!

I am considering hiring a mediator to attempt to encourage him to move more quickly, or possibly firing him and finishing the rest myself or hiring another GC to finish the project.