What they found out about doctors and lawyers was they felt they had to maintain the appearance of a certain level of weatlh which meant living in expensive houses and drivign expensive cars.  

Why would any build new rental units in a market where they would be subject to rent control.All rent control does is reduce supply so that people become unable to move to newer, better, units because they are priced out of those units or they never got built, and landlords have less incentive to maintain their property because there is no supply to compete with. 

I no longer live on island but still maintain my business there and do multiple flips per year.

We've been in the home for 2 years, maintaining it and paying rent on time.  

We work closely with our clients over the lifetime of their investment to ensure the accounts maintain their tax-deferred status.  

Plus she self manages, self maintains etc.  

New to the forum and the note investing world..I'm looking into building my excel template for analyzing IRRs of performing (1'st lien) note investments Can you please elaborate on the costs associated with buying the note, maintaining it through its life time and eventually when deciding to sell the note or when the mortgagor refinances or pays of the debt?

We only want her to take responsibility for things financial; after all, she does maintain really bad credit all along ever since.

She is also the property manager for all of my properties and has done a good job of filling vacancies and maintaining my properties.

They can be somewhat pricey to set up if you want to ensure it is done properly and accomplishes what you intend for it to do, and then several hundred dollars per year to maintain.