My Cash on Cash return would be 15.78% and a cash flow of $99 per door.I am basically offering him 58.5% of the asking price.

Not sure the rule on posting articles, but I've been following this concept very closely since the RFI announcement in August 2011.

Your rules are sort of OK - the reason I say "sort of" is that I would phrase everything as "Tenant agrees to _______" and then fill in the blank with the concept you are trying to express.

Melisa Ramos is marketing a property that has many of the attribute but not all that Nick Sidoti talks about. http://www.biggerpockets.com/forums/58/topics/73671-36k-rehabbed-3-2-1500-sqft-in-atlanta-gaI brought the topic to the first page so you can find it.I have not attended any of Nick Sodoti's seminars but understand many of his concepts. the proof is in the pudding as they say, so anyone who has experience with this process is welcome to explain it to us.

So basically Bill agrees with me, but OTOH he doesn't!

We had 4 4plexes at one location that were basically hands off, a triplex that only took a couple hours a month and several single family, a couple of them were management intensive about 5 hours each a month.

The IRS will require basically the same thing as they do all business entities, a good and consistant accounting system.

It depends on what you plan on offering on the website as to which I would recommend however for a basic website I will recommend godaddy with website tonight.

Many REIers have little concept about risk.

He basically arranged everything already.....