Below is an email I received this morning from my HOA regarding trash that had been left outside my rental property from a rehab I have been working on with my property management company... 

In addition to what you'll find, I just received a call today from an attorney in town who is putting together a major legal action against them. 

You might need to get adobe pro to type in the document. 

That being said, you can overcome some of the challenges of distance with technology, such as if you receive video (or photos) along with maintenance requests from your out-of-state tenants, allowing you to keep some visual on your property from a distance.If you are comfortable with distance, there is a price-to-rent ratio that may come in handy for you and end some of the analysis paralysis.

I invest $100K in it as an LP, giving me a 0.5% share of the property.The investor summary predicts the following NOI:Year 1: $1MYear 2: $1.25MYear 3: $1.5MSo given my 0.5% ownership stake, does that mean I would be receiving a K-1 showing my income from this as:Year 1: $5,000Year 2: $6,250Year 3: $7,500If we continue the example and say that I receive an 8% dividend each year, then my actual profit each year would be:Year 1: $8,000 - $5,000 = $3,000Year 2: $8,000 - $6,250 = $1,750Year 3: $8,000 - $7,500 = $500This tells me that I must be missing something incredibly fundamental in all this -- that one of my assumptions is so egregiously wrong that it invalidates literally everything else.But what?

Often times  accountants write off a lot more than you may be receiving in real life so dont be surprised when the lender uses worst case numbers.- Also when you leave your current home, or vacate your current home will you have a rental agreement(s) in place so you can use that income to offset your mortgage payment?

I am creating a documentary, in my own blog showing how I handle my newbie journey towards financial freedom...I do not want to spam here with the link to my page, so instead, I will simply mention that, I am documenting how my brain thinks... as the starter, so maybe some folks who are also starting out... and trying to get closer to financial freedom within 3 to 5 years in the world of commercial real estate... possibly can somehow relate... :)I have no idea... if people will relate or not... or should I say I wasn't really sure... myself when i first started this journey to see if anyone would even bother joining my facebook group to see what is happening in the brain of a starter individual, to see the tips, tricks and secrets the starter just like you uses to get closer towards financial freedom. 

Anything $600 or more you need to receive a 1099 form for tax filing.Those leads are often offered very low cost per lead.

I plan on also doing a credit check / background check after I receive the application back from prospective tenants.Heres the link: http://www.nj.gov/treasury/dpmc/Assets/Files/Renta...Also - do you guys usually charge application fees?

Additionally if i purchased more property i would like to do the reverse and add to the existing loan however from the feedback i have received from my local commercial lenders it seems that i would have to refi everything or apply for a new commercial loan.