Can't believe that these properties are maintained in house.

joeJoe, I am not a Realtor… I am a full time Real Estate Investor...

The LLC can be forced to sell its assets, but (assuming you set up and operate your LLC's correctly), they can't come after your other properties or your personal property, because they are owned by an entity other than the one that had the judgement against it.That, in a nutshell, is the primary reason for forming an LLC.Now, an LLC has to be operated properly to maintain the personal liability protection and you can research how to do that elsewhere, but that's the general idea.

The truth is that the vast majority of people that start a business fail in a relatively short period of time. Real

The success lied in those around me and the relationships I maintained with them.Hell,I was too cheap to hire an accountant.

It would probably vary depending on how I would stay abroad (I'm thinking around 1-3 weeks), but what steps or suggestions do you have to properly maintain your property when you're out of the country?

I'm actually a full time insurance agent, part time real estate investor, and when I have any time left over I like to play rock drums, which explains my user name.

The company I worked for in Ohio used to provide leads...from which I developed a heck of a referral base and I got to a point that in 2005, when leads were done away with, I pretty much maintained the same level of business, and in fact increased it a bit.My specialty is really two main areas: First-time FHA buyers, and investors.

The property is very well maintained.

(Purchase Price X 2%) = monthly rent Or is this adjusted since your maintainence costs and vacancies should be less?