Are there any fees/holding deposits required by law?

The idea is it would treated like a timeshare, but without the ridiculous fees.

I disagree as to me they are both needed, but I understand that for some it may not be necessary due to their threat level.Also using entities will create additional costs (creation, maintenance fee) and additional administrative burden to keep its protection veil intact (multiple bank accounts, paperwork trail, tax reporting).

He has scholarships and federal unsubsidized loans that cover full tuition, fees and some room and board...but not all.Prob going to need around $20k for college.I have secured a $30k loan using the property for collateral to cover the college expenses.What would you do with the $30k?

Understand all of the profit centers for PM's like leasing fees for example, that would be paid on top of the management fee.Most importantly, check local laws, some areas require real estate license, minimum years of experience and property management licensing.  

Im soon to be closing on a 3-flat in Jefferson Park.

I’m trying to start BRRRRing properties and have found a lender I can cash out refi after 30 days, but it’s at 7%.I’m purchasing and rehabbing all cash, so this is decent, but a better rate is available with much less fees at a bank.I can rate and term at a bank right away, but I can’t get my rehab money back out.If i am purchasing a property for 35k and it needs 25k in rehab, could I write up the deal as a 60k purchase with 25k coming back to me at closing.

so i was told a finder fee of 1% of the purchase price is reasonable. what contract would i use to secure this ?

I totally Agree with you sentiment on the big banks.. non personal  out to fee you to death etc.I pay zero fees on anything I do save wires..

Once you have a clear estimation of expenses associated with losing the current tenant, repairing/improving for a new tenant, leasing fee, vacancy/loss of rent, decide if you’re financially ready to initiate the action which will cause your current paying tenant to move?