If you have the down payment for investment, they can use a rent schedule to verify average rent.

You should also give each member a Schedule K-1 so everyone has, in writing, their share of the profits and losses.After this, every member of the LLC will be taxed personally on their 1040 tax return.

I chose based on fee schedule and looked for a fee structure that was not based on a % of asset value and that did not have per transaction fees.

I have missed the last two since I've had some schedule conflicts but I'm looking forward to the next one.

The reason I ask, the $2,300 total is 9% of the gross scheduled rent.

I placed a bid higher than the "current high bid" about an hour before the auction was scheduled to close earlier today.

Plus you can take calls all day and schedule appointments throughout the day.

PURCHASE PRICE $2,100,000 PLUS 3%Multifamily 6 TURNKEY UNITS 6 X 2 BED 1 BATHBuilt in 1963Current Rents Per Month $11,904Market Rents $13,200ANNUAL SCHEDULED GROSS INCOME $145,488Total Expenses $46,106NOI $95,017MUST BE CASH………..

Have the owner produce Schedule E from his tax returns for the past couple of years to see the expenses being claimed for his tax deductions ... 25% is too low.

Have a distribution schedule.