Here's what I mean- by self managing and not factoring that into your pro-forma, you're achieving 1700/yr in cash flow, or "profit" as I would consider it here.

So, pro forma whatever...

Is there a standard seasonal vacation agreement for MA and any critical laws that I need to know about before I start renting?

Hi,I am buying a property in PA and in AL.I have already formed an LLC in PA.My question is should I form a separate one for my property in AL?

It appears that even when I'm reviewing the pro formas for properties within a quarter mile of each other the cap rates are very different (up to 2% difference at times).I'm trying to do some pre due diligence before I consider contacting the seller and ask for rent rolls etc. but it appears these brokers are just adjusting the Cap Rates to justify their asking price.Further for most of these properties I'm seeing when I calculate loan payments for the year with 25% down I'm not even close to cash flowing.Am I missing something?

Also, I was going to flip within the entity (with myself doing the deal acting as my own sellers agent) and form a separate LLC for any non-flip-related RE commissions on the side.

If your not getting them at a discount then why by all 5 from the bank.So I did a quick pro forma on purchasing all 5 units @ 30k each, rent of 600 each and used your taxes and insurance numbers, and this is what I get.There is $0 in rehab cost figured, but I'd buy this deal assuming the numbers are accurate.As you can see the Debt Service Ratio is 1.7, I look for a min of 1.20 Monthly net is $512 Again i am not familiar with Condo rules and BS but this would be a buy for me assuming location and desirability is there.

Hello,Has anyone heard of a clause in a HOA covenant (CC&R) where the commercial tenants in a mixed use building can opt out of the residential HOA and form their own HOA?  The community dues are astronomical and ...

I hired a licensed real estate attorney to form a SERIES LLC.

Meaning, did you form a single LLC for all your properties you fully owned by yourself or just put them in your own name?