I want to add a blurb in my resume under "other interests and activities" about real estate:"Part time landlord and limited residential rehabilitation projects completed."

@Rick Crabtree yea I noticed that when I was really cavalier about trying to insert or delete fields into tables that were already saved, from the base table edit GUI, weird errors started occurring although that seems to be avoided by just inserting stuff at the end instead of trying to insert new fields between other ones.Are you saying that if I link a table in the database to calc I might potentially be able to insert fields in whatever order I want, and move them around, in calc, or delete them, and then it would be appropriately changed in the table of the database without those weird errors that destroy the table?

I find it hilarious that everyone is assuming this lease is appropriate when they haven't even seen it, or even had it's contents summarized.  

For even more accuracy, we choose to only use comps that are 1/3 mile away or less, with sales dates within the last six months.Sometimes, even the street can make a difference in the value of a property.If the only comps you have are on very nice streets, but the house you’re considering is on a very “distressed” street, then you have to reduce the ARV.How much is an appropriate reduction is a judgment call on your part.You’ll want to base that call on how much of a discount will be necessary to entice the final owner/occupant to buy this property over one they can get on the “better” street.If the comparable sale that you are using is too different from the subject property, then it is of little value.If you use it in your sales marketing, you’ll lose credibility with your Investor Buyers.An example of a poor comparable is when your subject property is an old cottage fixer-upper, and you compare it to the sale of a brand new in-fill (an in-fill is a new house built on a vacant lot in an otherwise established neighborhood).Rehab dollars vary according to level and detail of the job – everyone has a different formula.As a wholesaler, we suggest a middle-of-the-road approach for estimating enough rehab dollars to get the subject property to look like the comps.You’ll need to spend more on rehab as the ARV increases.Logically,buyers like more ‘pretty-ness’, higher-end fixtures, cabinets, etc. when they’re paying $200,000 vs. when they’re only paying $100,000 for a house.Buy/Sell/Hold costs are all of the costs associated with:üThe purchase (loan origination fees, title insurance, attorney fees, survey, appraisals, etc);üThe sale (real estate agent commissions, marketing and advertising, closing costs paid by the Seller); and üHolding the property (mortgage interest, utilities, taxes, insurance, etc.).

I personally am a big believer in using as little of your money as possible when investing, especially for a long term investment property that you will pay on, more appropriately your tenants will pay, for 15-30 years.I can't offer any advice on the 2nd property.

Although sometimes projects can run long, so a fixed management fee may be more appropriate.

Meaning all the rents from the various properties would be paid to my management company (not the owner entity) and deposited into one account, the bills from the various properties would then be paid from that account and tracked in the software to the appropriate property, tenant, unit, etc. and then the balance for each property could then be transferred to an owner account each month.

Therefore, working with entities that carry the appropriate licenses (e.g., debt collector’s licenses, servicer licenses, and mortgage broker licenses) across the nation and are “ahead of the curve” so to speak when it comes to compliance further minimizes the investors potential risk.

I wanted to reach out to you, the BP community, and ask if the word "Acquisition" was appropriate to be included in an LLC name.Thank you.

The point is, licensed persons are allowed to buy houses just like the general public and as long as we are not charging or receiving a commission we don't have to disclose we have a license.However, if the Seller has Sellers remorse, after you bought their house, I still believe that we will be held to a higher standard as a real estate professional and had better have acted appropriately.