I own a real estate & property management business in Racine and know the market like the back of my hand.

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So I reached out to see what is going on and the manager I first talked to said, "the $550 is the eviction cost from the lawyer."

I have considered creating my own Property Management LLC to do the work above and hiring my dad as an employee, however, I was told this would provide no benefit in terms of liability and it would just add costs and more taxes.I would appreciate your feedback.

Although no major renovations were needed, our effective negotiation and rapid transaction management significantly increased the property's market value.

I'm thinking some kind of meet up for people investing in Louisville Westend.With all the developments in the neighborhood and city pouring money in there, thoughts on future of investing there.Which neighborhoods in Westend are you investing in, whats your exit strategy and are you self managing or PM.Happy to hear people's point of view.

Also it depends if you hire a company or if you are hiring a person and paying them hourly - the hourly cleaner will be cheaper, but there's more management involved on your side.I pay $120 per turn for a 2br condo.

Although no major renovations were needed, our effective negotiation and rapid transaction management significantly increased the property's market value.

Your income definitely shows you could do a new build, but if you are a first-time builder, finding land, construction costs, and managing a new build will be way out of your zone of genius, especially if you both work busy jobs.To get value add, you can look for a multi that has really good space/bones, but needs upgrading so you can live in a really nice place and create a second nice space for rent/family.

Or if it's a situation where they're housing a relative or a friend who is homeless for a couple of months I would monitor the situation and collect the rent.