I'll work on developing and refining systems (Podio, virtual assistants, etc.) as lead generation ramps up.Stay in touch.

You can direct how you want this to happen and how often in your operating agreement. 

Operating income minus expenses (net operating income) is what that property is capable of producing for an investor. 

You didn't give a price for the house that would generate the $1300-$1500 rent, but my guess (and this is a total SWAG based on what I've heard from others in that market), is you'll be "all in" around $150K-$200K

They are a veteran owned and operated company here in the Springs, and they work a lot with refinancing and equity loans!

I am a Group Home Owner/Operator una miami, established thinking about renting the business.. anyone with this experience.. thanks 

How much can/will this hurt me even if my processes are sound and I operate honestly with my sellers/buyers?

Goal for this first property is to primarily generate cash-flow, and secondarily for its appreciation -- whether forced or by the market.

BP is a good starting point as there are plenty of folks on here that operate in the niche.

I noticed that the Capex reserve were included in the operating expenses while i read many times that it should not be included in the NOI, and therefore should not be counted toward the property price.