.- I have Umbrella policy of $2 million.Ideally, I'd like to have 1 LLC per property but California LLC are one of the most expensive in the country.Can really use your help and inputs!

In our market we have one city that gives the voucher holder her/his own bedroom and separates the sexes for anyone over the age of 10 into two people per bedroom.  

With the parts, labor and data collection computer, it cost us about $350 per door.

Hi Gang:So I was just listening to Episode 290: 7 paths to Financial Freedom and around strategy 5 or 6 the host(s) mentioned buying 1 house per year for 15 years.

Real purchase price - $3500Rehab - $4000Lot Rent - $164 per month Mortgage - paid cash Insurance - $350/year  or $30/monthProperty Tax - 653$ per year  or 55$/monthRent - 575$/month  - never been late never missed payment I manage my properties at the moment so I am putting all rent money aside for repairs and re-investing 326$ Left for the account every month After this property went smoothly. 

Am I naive to think $6k in rent, minus $4k (mortgage, tax, insurance), minus $1k (water and various costs) = $1k profit per month?

Lets say one makes 100K in a corporate America on W2 (which is about 6K per month after taxes).

Did some rehab on an old kitchen in a Cape we bought.Cabinets $3900, Granite $1759, porcelein Tile .93 cents/sq ft.

He talked about how the average cost of assisted living is 74,000 per year for a single resident in a normal home.

The landlord then decided her boyfriend was over too much (he isn’t living there but the landlord must be watching and didn’t define the “three times” as specific time limits, so daytime guests count the same as overnight) THEN the landlord said that my friend would have to pay more per month ($50) to have guests up to 10 times because of “wear and tear” and utilities.