Beka Shea has flipped more than 60 houses and owns and operates a marketing consulting company.

In terms of partnerships, LLCs are great as you (read as "your lawyer") can write dispute resolution tools and processes into the operating agrement.

I've formed my LLC, built a website, built most of my systems, and opened my operating and trust accounts.

Im new to MFH investing but working with a couple operators for acquisitions in Tulsa.

(Reserve)- $76Operating Expenses- $613Net Operating Income$1,026Capital Expenditures (Reserve)- $66Total Unlevered Cash Flow$961Mortgage- $668Total Net Cash Flow$292

I can operate it as a normal shower with both hot & cold water but not with all the fancy options.

At the urging of gurus and even new investors who haven't yet gotten their feet wet, many people jump into the real estate game with no knowledge of state and federal laws, contracts, costs of operation, insurance, maintenance requirements, etc.

And almost 90% are owned by small operators.

Usually, a lawyer can help you with that when drafting your Operating Agreement. 

Feel free to visit our company website (in my signature below) if you want to get some idea of how we operate; we self-manage a reasonable amount of single-family homes (and occasionally apartments) through this website.