Feel free to answer any questions here on the BP forums that you feel comfortable answering.

You have to elect to have it treated as anything other than a partnership or disregarded entity.You could choose to have the management fee paid to the corporation for doing the work.

Rents around $500 are where that rule seems to work reasonably well, so at $600 - close enough.total monthly gross rents / 2% = 50 times rents => 50 x 2400 = 120Kfrom that, subtract repairs: 120K - 50K = 70KMax offer would be 70K, so start lower.Lots of other analysis formulas that could be used - the point is to try to get a number you'll be comfortable with paying so that you are almost guaranteed to be profitable (can only be profitable if good paying tenants are placed in the units).

Office07 or 10 docs - just do Save As & choose PDF and Bob's your uncle!

If it doesn't appraise, you could always come down on the price if you so choose.

Seller can choose to look at, ignore, respond to, counter or accept any offer he wants at any time (though there are procedural items his agent should take care of when counter-offering more than one offer at a time).Seller doesn't have any responsibility to look at, respond, counter or accept your offer for any reason.

Get them early enough, motivated enough (property priced low enough) and comfortable enough to deal with you and you have successfully increased your value as a wholesaler who with serious buyers want to do business.

I do understand that they don't want to pass out a lease they basically paid for that could end up being used in that community, but it also tells me they are pretty locked up in thier thinking, probably due to thier attorney.I'd say reviewing the lease prior to hiring them would be more than reasonable and you should be able to add any addendum you like, so long as it doesn't violate local law or custom and it doesn't make thier job leasing more difficult.It also tells me that in the event any issue pops up, this PM may lack experience in dealing from a managerial standpoint attempting to follow strict guidelines, doesn't sound like they might be ver flexible, even if common sence should prevail.Could be too you need to do some more stroking, making the PM more comfortable with your requirements.PMs need to understand they represent you, you drive the bus and they oversee your directions.

just to be clear about my opinion, I am talking about long term investing, not day trading. i think day trading is a losing game, except for the 1% who "know more than the market." if you want to discuss which is a better investment, i think it is clear that real estate is (if it is your thing). however, real estate requires your time which my preffered method of stock market investing takes very little time. dollar cost averaging is truely passive investing. if you want to talk truely passive real estate investing where you spend an hour a month looking over statements and you are not hands on in any way, i dont think you will do much better if any than the stock market......over the long term. what the recent stock market crash has reminded people is that it is a volatile market and some people are not comfortable with that. i think real estate is not as volatile.to the question of whether or not people will jump from stocks to real estate. because of how the stock market has acted lateley, i think yes. big hedge funds have proven that. i am just saying...give it 10 years and possibly a few good runs by the stock market and people will be "following the herd."

Hello Amie, I love being able to choose my own schedule - though I work way too much.