The initial filing fees for an LLC are $500 plus a $250 annual reporting fee.

In a triple net lease, the tenant pays taxes, insurance, and maintenance.

Illinois RequirementsProperty management activities that involve general administration, like contracting for property maintenance (garbage pick-up, etc.) and paying general expenses (utilities, etc.), do NOT require a real estate license.

I would be careful with risky deferred maintenance projects and areas with depreciating values or high forclosure rates.

There will be other expenses such as vacancy, maintenance & repair.

Doing maintenance can be an excuse for not hunting as the maintenance is right there in front of your face but hunting for the next deal is less clear.There is no prefect answer for every situation.

Clubs run between 100-150 annually.

If you rent out a vacation property for at least 15 days in a given year and your personal usage is limited to 14 days or 10 percent of the time it is rented (whichever is greater), then the property is considered rental property so you receive the following benefits:- All business expenses (including mortgage interest, property taxes, insurance, advertising, and maintenance) can be deducted against rental income received on the property - If the total expenses are less than the gross rental income, the resulting profit is taxable income - If the total expenses exceed gross rental income, the resulting loss can be used to offset income from other investments From a fractional perspective, how many days it is available for rental obviously depends on the number of fractions that have been allocated.

I'd appreciate your opinion on this...Here's "The Law" on bandit signs in Colorado Springs, from our Code Enforcement website:"Garage sale signs lead into part of the litter code, signs on public property or right of ways, obstruction of public ways and maintenance of adjacent right of ways.

Maybe if you do all the property management yourself, do all the maintenance yourself to eliminate labor costs, and you get very lucky with your tenant, you can earn some of those expenses for yourself.