Hiring the right people that have the background to make the company well rounded is definitely a huge key in succeeding big.

There have been some long sleepless nights over the last 3-4 months but I can safely say that it was worth it.Recap of the numbers (Rounding for simplicity):Purchase Price 125,000Down payment  25,000Closing costs 4,000Rehab/Carrying costs 40,000Rent: 1415 / 16,980Vacancy: 8% (-113 /-1358)Total income: 1,302  / 15,622-Expenses-Property Management: (10% even though I am managing it) -141.5 / -1698Repairs and Maintenance: -100  / -1,200CapEx:  -122 / -1464 (even though everything is brand new in the house, based on average life spans of mechanical's and appliance's this should cover replacement costs when things happen.  

I even went through a few rounds of interviews to be a Financial Planner before I pulled out of the process.However you decide to build a career as a Financial Planner, you need to be sure you would personally make the same investments as what you are telling clients.

In Norco, La alone there are 3 oil refineries, 2 chemical plants(one of them makes the household weed killer, Round-up) and a grain elevator... so you are looking at hundreds of workers all needing places to stay.

Our in-house CPA and our attorney that handles our IRA and Trust work went round and round about the UBIT issue.

We obtained BPO's for all of them but had to go a couple rounds with many of the agents and their evaluation.

The electric and gas numbers are common areas and I actually rounded these numbers up quite a bit to fill in the gap because he gave me a total expense number of 48k and It wasn't adding up to 48k with brief breakdown of expenses that I got from him.

Now you have the chance to take a divergent path in the same direction, it will make your journey more well rounded and probably open your eyes to things that you may miss in your current state.Good points mentioned above include checking the contract for no-compete.

I cut the saplings for awhile, and now I'm spraying them with Round-up.

A person can very easily reload a Beretta 92FS (M9 military designation) with 4 rounds of 9mm in them up or "down".