@Jennifer A Barry Jennifer, great to hear from someone working through the same "first timer" process.

Maintain separate books, and do not mix accounting and expenses with personal dealings. an improperly established LLC that is not conducting business appropriately will not last one minute in court with a good attorney. 

A quick Goggle on Than Merril will tell you all you need to know.Now, for starters, here's a web site that will give you TONs of good info and education:assets101.comDyches is an attorney that teaches classes and is a full time real estate investor.

But it's not trip charge, THEN start the timer.

Maintain and keep them in good conditions.

A house is an incredible asset IF properly maintained.

There are many benefits to using a broker vs going direct, but just from a rate and term perspective, still maintaining your banking relationship allows you to tangibly see whether the broker can save you money and get you better terms.For example, unless you’re talking about a complex ground-up construction deal, with many moving parts, that will take significant time and manpower to execute, a good broker, confident in their abilities, will usually work with their clients and allow them to work with their existing relationships while the broker pursues and reaches out to their own lenders.

Many people who are first time real estate investors tend to have a lot of questions on how to make the most amount of money from their investment property. 

@Michael LyonsIs this cash flow taking into consideration fees for maintaining the property?

He only maintains the warranty license because it leads to other work.