This is going to be about $2k a year in professional fees from my understanding.

That should only be true if you are classified a real estate professional or a "dealer" for IRS purposes.

Hi Everyone! My name is Brenda, I am currently living in the beautiful community in Maine. I am a Graduate of Interior Design, and started Developing Residential Property when the Decorating field washed up. I have...

Here is Brenda's intro threadhttp://www.biggerpockets.com/forums/55/topics/70685-designer-turned-developer-turning-real-estate-professional-in-maine

Made new contacts with several local financial professionals.7.

She is not refusing to deal with us- she is polite and very professional and careful not to burn bridges.

I have found infestations by observing only a quarter inch mud tube (all that was visible at that house).Now my advice: Make any purchase contingent on a wood destroying insect inspection and hire a professional and accompany him/her during the inspection.

As long as you have some sort of personal or professional connection to the lender (i.e. you didn't solicit them through advertising), and it's just a straight 1st mortgage, then you don't need any credentials or regulatory filings.

Dont include a washer and dryer but require a professional installation of tenants machines.3.

It works great for my building in Boston where the tenants are mostly 20 -30 year old young professionals.