Making a life choice here..a stand if you will.We're raising my niece which hasn't been an easy, smooth or inexpensive undertaking....it's not been easy but we're doing it!

Towards the latter part of the time I owned this apartment complex I transitioned from resident managed to a PM company.

The move from Sterling/Equity over went smoothly.

I am looking at small 4-6 unit properties to get started and would like to transition into commercial properties in the future.

AOh OK, wish you a smooth, and a non-surprising closing.In regards the attorney, that's just fine because he can provide me guidance which is very important Hey whenever you're ready to come back [: WE'RE gonna have a pile full of deals waiting (implementing my dedication & effort).

Here are the numbers:Purchase price: $340KDownpayment: 20% (68K)Monthly mortgage payments (4.375% mortgage): $1358Taxes: $6,552 (yeah, life in the big city): $546/monthInsurance: $300/monthWater, trash and sewer: $300/month (can't be separated)Heat: $200/month (city gives you a smoothing plan to pay the same all year long)Rents: $4500/month (it is fully rented)It could keep going as is, but I think with a little rehab $15-$20K, I could get at least $5,000/month.

Orion Longman - I think Austin would require the least transition for you when compared to HI and CA, as far as lifestyle goes.

For example, if you incur that expense prior to generating any income in your business and while you're still transitioning into that new trade, it may not be deductible. ...unless your math ability is seriously sloth like you damn well know what you are currently making per hour.I have no idea what my hourly earnings are.

Does anybody have any experience with renting their property to government programs such as homeless families, disable VET's, group homes, halfway housing and etc?

"Back to Back" turns: What I mean is, tenant Frank gave me 30 days notice and is leaving on May 1, I'm already showing the unit and I'm hoping to line up the next tenant to move in about a week after Frank leaves, just giving me time to ready it for the next move in.I've done this a lot, and now have a clause (addendum) to my lease that requires tenants to cooperate with showings when they give notice.Granted, it doesn't work sometimes if your present tenant is a "piggy," but sometimes it has been smooth, and tenant A leaves on Saturday, we're working the next 5 days, and tenant B moves in the next Saturday.I generally go lower on my rent (by 5%) from market as it's worthwhile to get someone in faster rather than wait for higher rent, but overall, I'm thrilled with the results so far, where I've been able to make it work.Would like to hear feedback, thoughts on this.