Be aware of taxes as well, a flip would be ordinary income for tax purposes. 8)

For example, you can change a Quickbooks .iif extension to .csv and vice versa, depending on where you want to use the data.Anyway, it was just a thought in case you're interested in taking the time to evaluate all the available software and need transactions you know are valid so you can run identical reports for comparison purposes.

So just for example purposes if you could find an apartment going for say 1m that has 30 units (the more units the better).

I usually find that new members who come on site to ask about a particular company with no other interest in getting involved are here to promote that company.

SFOs that are going to be used as model homes for the purpose of selling the rest of the property to joe homebuyer (lease-backs).We're already going in on the deal, but what do you all say regarding market conditions over there?

I agree with Charles, sending out lots of offers is just silly (although that's what some of the so-called gurus promote).

If you do, net rental income would pass through to each individual in LLC pro-rata for tax purposes.

There are several NOO lenders in NY that allow for no title seasoning (for cash out refinance purposes).

There are dozens of gurus out there claiming that the expenses are lower for their own selfish purposes.

If you are going to be the only member of the LLC, then you will have a SMLLC (single member LLC) and it will be disregarded for federal tax purposes and that means that you will not file a 1065, but include it on your Sched C/E (just like if you owned it in your own name).