They obviously operate where there are few records.

If YOU are going to operate it, and invite J.Q.Public in for a fee, in my experience the preferred method is by "licensing" the use....NOT renting or leasing.

Even if your policy covers fire it might not cover the liability if someone dies in a fire.Generally it is a bad idea to let a tenant operate a fireplace or wood burning stove.

Subtract your costs from your rent, and you have Net Operating Income (NOI). 4.

I'm up here in Chicago buying, tending to the club which I'm in the process of installing an associate organizer who lives here, and working on a JV that's a big real estate investing event.I used to post here awhile back, but due to some issues I took a long hiatus and let my old username (which was my real name: Paul Strauss) go.

Thanks for the suggestion . . .I've fallen off on organizing the FAQ in a big way, sadly, as I've been busy with other stuff.

Those are great, but are they renovations that will decrease your operating expenses?

Other than holding a real estate license from the state or being a member of the Realtor organization there is no 'certification' that is going to be well recognized and of value.Any group can offer a 'certificate'.

If the investor puts the down payment into the LLC at formation, you can buy the property directly with the LLC (bank will require personal guarantees) and that gives you *some* liability protection, voting control over daily operations, and saves a step over the above process.

And they are limited in what they can do since the overwhelming majority of subprime debt is securitized and the servicer must operate within the guidelines of the sale and servicing agreement.I agree if the loans are part of an institution's wholly owned portfolio it might make sense to carte blanche modify mortgage terms across the landscape.