However, you may have a large amount of personal assets and to add a layer of protection, your attorney may or may not reccommend an entity for liability purposes.If you are doing a lot of them, it certainly can not hurt, and the $ you would be making would more than cover the annual expenses of the entity.

Just after I got home for the day, I received a call from a woman who wanted to look at one of my nicest 3 br, 2 ba houses, which is located on a full acre of land, a few miles from the city.

Receive an excellent response.

Try the accounting department doing accounts payable/receivables and work along-side the accountants and learn how to crunch the numbers.

I don’t remember receiving any inheritance, and I didn’t care about one then or now.

Here's another spin on the numbers you've reported in your original post - Gross Potential Income Rent: $325 x 24 Units = $7800 Utility Income: $48 x 24 units = $1152 Less Vacancy (7%) = (627) Gross Income: $8325Expenses, monthly: $4083 (from the annual expense figure you were given)Net Operating Income: $4242Debt Service: $4112(I happened to have a very good friend who's a multifamily loan officer in Dallas, and asked him this afternoon in a call what rates are available right now for a multifamily deal this small - he gave me 5.81%, 30 year amortization, 5 year call.

Exo,All excellent questions.I find it hard to believe that the larger house will not receive higher comps, and if it does, you will have more value when you sell it due to the increased sq. footage.

So we do get many homes that are priced for investors right now receiving multiple offers, many people "losing out" with their bid, or even bidding too late.

This offer shall become null and void if not received/returned to the Buyer by _______I want to modify it to say if no earnest money is given, then sellers exclusive remedy would be to void the contract?

The letters I have received from hard money lenders I usually do not include as it draws questions.