Management fee is an operating expense and subtracted from gross income to derive NOI.Gino

We are also a family owned and operated company let me know you heard about us from biggerpockets and I'll make sure to make you a great deal. 

Meaning, quantify how much money you will need in 2 years to live off, then see how you can generate that money and which activities can get you there and see what you need to do.

I ended up bringing generators to the cathedral in Old San Juan and they knew exactly who needed them!

If there is snow on the panels, no electricity gets generated.

My partner met with a tax professional who said we shouldn't be expensing anything in FY17, but this seems strange to me for items like mileage and other operating costs.

Our desire is not just to generate profit; we want to provide beautiful homes to first-time homebuyers and help improve the aesthetics of the community.My background: I grew up in La Grange (where my parents still live), but I have spent the last decade away from the Bluegrass State (and bourbon country) while serving as an Army officer.

That being said, the way we structure our syndications with our operating partners and investors is typically a 70/30 LP/GP split with a preferred return of 7-8%. 

@Mesha Graham Hi what I would do in your situation is try and find a veteran wholesalers who operates in your area already.

Dissolved my CA LLC last year because it costs about $1500-$2000 to operate in CA...and when you are getting started that'll eat up a lot of your gains.