Corporations require more paperwork, annual registration report and they are more expensive to form.I assume your property is in the US and you are running the landlord business from overseas, but through US business model and tax reporting.

I would venture to guess that the operating agreements of the five that you now have are very similar and can be used as models for any that you add to the series.

On my applications I always had make, year, model, color of vehicles and license #.Since you have a judgment you can run a credit report, the new address might pop up after awhile.You might ask the next time you go to court for the court to order the disclosure of the SSN (but you should have nad that) they probably have it as service was probably required.People are creatures of habit, begin with what you know.

If it took 4 months that is 5,625 a month of income which is not bad.It seems your model is predicated on your partner being the contractor.Won't the fact that your partner has to do most of the work keep you from doing multiple flips at a time and increasing income??

Sounds like you need to follow James' suggestion and look at additional ways to target motivated sellers.Motivated sellers come in many flavors.

Therefore, you as the business owner pull in $3,000 profit.That's way to simplistic a model to get a reasonable picture of revenue/income expectations...Most PMs have multiple sources of revenue:- Monthly fees off gross rent- Placement fees- Maintenance fees- Renewal fees- Kickbacks from referred vendors- Etc.Even just the income on the gross monthly rentals fees will depend on:- Average rental price- Average vacancyAs for employee costs, if your revenue is low, they could be 100% or more of the gross revenue. 

According to their modeling this note should have defaulted.

For me it has been positive.Many immigrants are fixing to leave and are selling of businesses.They built a model on paying under the table etc. so there workers 100 would be 100 versus our 100 after everything is taken out 65 to 70 bucks.Many restaurants with the new reform will not be able to maintain profit margins with the new costs and will simply sell off or shut down.I am getting commercial short sale listings with immigrants leaving the country.On the flip side I hear landlords worry when a majority of tenants are immigrants.They feels they might go to being full to a huge vacancy and cash flow problem.Labor costs might rise for contractor rates.It will be interesting to see how this plays out.

If you purchase and did your modeling correctly you factor in the higher potential assessment and then cash flows will not be affected.

How to get someone to upgrade to a better model?