I said, "If you can't afford the apartment, why are you calling about it?"

Hello,We are looking to buy a retail space in Dallas area. Need some guidance in evaluating a retail space. What are typical expenses other than loan,insurance and tax ? Any other suggestion will help.

At first, it would be for smaller commercial properties, but if the relationship grows well and we make a good team, I'd love to scale up with them.Ideally it's a win-win for all:For the PM:They get a large chunk of equityThey get more business.They get access to my investors' capital for potentially future dealsIn a way, they eat what they killFor me:I look favorable to the lender with an experienced PM team as a partnerI'll get a deal under my beltI'll be able to get help with the downpayment, reducing the burden on my investors and myselfFor my investorsSure, they lose out on some equity, but they'll get a (slightly) higher return due to the lower monthly management feeThey'll sleep easy knowing that the PM has skin in the game and is experiencedTo be clear, I'm playing the long game, so I'm more than willing to do say, a 55/30/15 split with the PM/Investors/Myself and with a 3-5% monthly management fee.

Agree with Charlie on short term in Boston - new regs make that less feasible in Boston proper - but I work with folks who have robust portfolios of short term rentals in Malden and Chelsea, with the transit access of Boston but fewer limitations.

If you convert the current into a rental, then you will be limited in terms of the options to access the equity.

And, like Capital Reserves, a part gets squirreled away so that in 15 years you can put in a new roof..Again, if it's done correctly.

Asked myself “what’s next” and started reading real estate books In August. 2 year later I’m a real estate investor, work a full time and part time job AND I’m a part time masters student.

There are 3 new large condo and apartment developments that should break ground shortly.

Are you a part of the Evansville unit? 

I'm a retired Air Force veteran and I work full time as a maintenance supervisor for an apartment complex.