My LLC, which is a separate business from anything real estate related, consistently makes about $3,500 a week in profit, but as the sole member and owner of my LLC I am on the payroll at $1,200 a week.  

The lead consists of two properties being sold as a package.  

How are you performing your MFR search? 

His portfolio consists of both Multi family and commercial and he has been investing for years.

New equipment just like a new car performs better and has things older equipment does not.The old freezer the compressor,seals, etc. are all getting toward the end of life expectancy.

In probably less than two years, you will likely be in a position to refi, combine with the savings you have generated over this time, move out and repeat and have a great performing asset on your hands. 

I recently purchased a performing first which has an outstanding HOA lien attached. 

My family owns a 15 story, 54 unit apartment building in Chicago, and our current cleaning "crew" consists of a woman who lives in the building with significantly discounted rent as a trade for cleaning public areas + taking the trash out to the alley from each floor every other day.

Just be consistent and friendly.  

So the place has to be in decent shape, which means you pay a little more.I use the 50 percent rule, which includes PM.I do self manage, so my numbers look closer to this without the pmPercentage of gross16.5 percent for taxes and insurance5 percent for vacancy10 percent for capex10 percent for repairsright around 40 percent give or take.Which is around 280 a month in cash flow.How is your indy properties performing?