Deposit it into a bank account?

To fill the gaps between new builds for our own account we are looking to do work for others.We are not well suited to the large volume / low return type of work (flip contractor, small remodels, etc.) but have the ideal setup and experience for new home construction, custom homes, small commercial and multi-family, and major remodels. 

Monthly income (only rents) - 8500 (the listing seems to indicate only a single unit is currently occupied, and at below-market rate).Monthly expenses:property taxes: 1500 assuming this will be 1.2% of the deal value of 1.5M. current assessment is ~330k - https://www.sccassessor.org/index.php/all-situs-se...management: 850. thats 10% of rent, not taking into account placement feesvacancies: 425. this is assuming a 5% vacancy rate (may even be lower, market is hot) but doesnt take mgmt company placement fees.water & sewer: ~415. thats according to city sewer rates and avg water bill. no details in the listing. listing says this is not metered per-tenant.insurance: 375. zillow estimate.

Account Closed, You are selling for $340K and purchasing for $190K. 

Account ClosedThe Arizona Sun Corridor (Prescott to Nogales) is set to explode in population over the next 30 years and double in population to over 12 million.

It is imperative that if anyone is taking money from the business - they are held accountable by basing payments on performance rather than hours. 

What is an Escrow account and how is it applied to Real Estate Investing?

I just made sure when I ran the numbers like you, I accounted for the pm.  

Account Closed Thanks for the welcome.

Account Closed, oh, if you've got a few people in ATL then by all means I think that's a great place to start.