Thank you so much!

Plus, forming and dissolving LLCs is pretty affordable right now, so why take the unnecessary risk, right?

so $8000 a month is a little under that market.

I am just getting started out in multi-family investing, so would like look into smaller apartment complexes (less than 10 doors).

With everything so expensive within the east coast how can work cash flow positively?

It’s taken a day so far of starts and stops to input last year’s numbers and I thought it would take less time. 

A link to FilePlace is at the bottom of every page, so it is easy to find.If you have technical issues, send an email to [email protected] and someone will help you.

This is the kind of insight that makes this forum so valuable.

To answer your question, the advantage the GP has is control, and the ability to gain wealth from their equity position (hopefully not so much for asset management fees) by selling at a big gain.  

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.