If she's not taking to the "nuts and bolts" type books right off, perhaps the "mindset" books might be more up her alley and could serve as a segue to the more technical books.

We ended up getting what we paid for and our original landscaper was not interested in fixing the problems left so we are still looking for a good replacement.Overall the condo performs well but there will be a time where I will not have time to serve on the board and will probably sell down the road.

The difference is these guys don't want to be contractors because they understand that the money and time investment is much better by being the investor and not serving the end user.Don't fool yourself by thinking that being a construction company owner is much different based on geographical area.

., when he serves clients.

But perhaps your sister can serve this role.

Can I have this done by the existing owner before I take over or will I serve a notice of rent increase once I take ownership?

Based on your post, as a starting point you may be best served by building up some cash reserves first, rather than taking on the risk and responsibility of buy and hold.

HI Kyle,Steve is right and I can attest to the fact that there is no way heat on a 3 family will be 1200 anually.YOu should ask for actual bills for the past 2 heating seasons.I paid the heat on my 4 family for the first 10 years and if you would like IC an dig up my old bills to give you an estimate on what I Was paying for a 4 unit in NJ, I have since seperated to 2 boilers in basement and 2 furnances in the attic to serve 2 2nd fl apts.I still say this building has potential long as it is managed correctly.Chris

But the other 40 out of that 100 Bob, they will be best served by a retail listing.

For actual protection when the papers are served, you need to set it up correctly from the beginning that means opening a bank account, having an operating agreement and ownership certificates, EIN, etc.