It takes a little fine-tuning to figure out how much that management fee needs to be to cover the expenses but in the end, it helps to accurately reflect the profitability of the individual units.If you pay for an asset directly from your personal account and contribute it to the entity, you're not in serious danger of someone making a "piercing the veil" argument in a lawsuit.

Thanks, everyone, for being a part of BP and contributing when you can.

Pretty good for 4 years work.Please Note: I have partners in this deal that contributed to its success.

There really isn't a rule of thumb how much to put into reserves.For instance, year-end whatever cashflow remains, you can decide how much of it you want to be reserves/contributions or just retained earnings.

This also builds a culture that "The Boss" is charitable, he isn't a "greedy investor like those other sob's" which is exactly what they think, they all do, tenants included, I go all Sun-Tzu and use that to my advantage. 

Having a good paying, W2 job has single handidly been one of the largest contributing factors in acquiring assets.

Ask lots of questions, especially on budgeting and soft costs (permits and fees).Good luck, I appreciate you realize that you can contribute and make a living after prison. 

I hate to do this, because now I am contributing to the problem.It's like the toiletpaper run all over again!

Otherwise IRA/SDIRA contributions have annual limits.I use advantaira.com the self administered scnario with check book control. 

I’m glad to join the site and look forward to learning from you alll!