A remodel 3-2 chk a/c ,heat, plumbing ,electric,walls ,drywall, ceiling popcorn knockdown ,$$$ windows,doors, garage door,interior & exterior paint ,molding, fascia ,roof, landscaping, pool, pool-heater, sprinkler system, well,septic or city,appliances, trash, demolition, duct work, termites, floor, MTG & ins, ...what will you do what will you hire out .

well think about it if you cant get a simple concept accross how are you going to fare while dealing with more complicated issues down the line you want someone who understands YOU a good match for your personality makes for smoother sailing ok lets look at what happened yesterdayI listed a house for rent that still needed some repairs the tenant can move in at a reduced rate on a month to month for three months while my handy man comes in on 6 different days throughout the 3 month period to do the repairs once the repairs were completed a lease would be signed if they still wanted to stay and at that time a full background check would be done. some people I met with could not understand what I was offering some were asking questions like how soon would all the work be done can it be done before they move in can you do 5 of the repairs now these people were immediately rejected.another guy however actually said he would pay more than I asked for once the work is done because he realizes I am renting below market and he wants to live here for a long timehe asked questions about whether the neighborhood was regentrifying he was more concerned with the insulation then he was the cosmeticsthis was my choice apart from his excellent references he caught my vision and could take it to another level.Also I make my application process a little cumbersome they have to email a request to my email address fill it out and email it back the application period is 3 days and then i review so a person just cant waive money in my face and think that that will be enough I can do this because my units look beautiful so if you want it you have to work for it and things that come hard are cherished for my neighborhoods and tenant pool the whole computer thing is a challenge for some challenge is good and competition is good

You want to have your buyers pool remain large.

you need to add in your principal paydown. let's say it's $2400/year. now, you're at 12.8% increase in net worth. this is assuming the 50% rule works out (not likely on a higher end rental).Now, go with the past 90 years of real estatt appreciation of 5% & you're net worth increased by 25% - again, assuming 50% rule works.2. if you buy in a higher income area, you "should" have less hassles (I wouldn't guarantee you that though) yet your tenant pool will be smaller (not as many people will rent for $2k+).

I believe we'll see prices stay the same in the near term (low)... and I think rents will continue to steadily go up over the next 5 years due to a larger pool of renters and fewer buyers.

This is a topic with many opinions, many are just wrong missing the underlying requirements for the different licensing issues related to real estate ventures.Areas where licenses may be or are required include, but may not be limited to, real estate brokerage activities (the facilitation of sales and rentals as an agent), construction and intallation of equipment, financing activities, brokering notes and/or financial obligations, SEC issues with pooling funds, selling interests and dealing with other investors or giving financial advice; banking activities, closing transactions, providing title insurance, surveys and writing legal descriptions, the practice of law and drafting contracts for others, home inspections, appraisals, pest control treatments, maintenance plans, even a mowing service may require a license.First consider why we have licensing issues in the United States, every state has varied requirements, but the underlying issue is pretty simple:To protect the general welfare of the public from unqualified persons providing services or products that may consitute a danger to persons, property or financial interest of commerce.

Issuing 1099s (1099-MISC or 1099-S is incorrect) is really irrelevant as in the case that the money was probably pooled together that I'd wish them luck in trying to prove in an audit that they paid the other expenses.A partnership can often exist for only one year.

Not to mention that Atlanta has many more good candidates (it's a real estate town) than Milwaukee (which has relatively little rehabbing going on).So, you need to take into account the location, the size of your potential employee pool, the scope of their responsibility, the level of oversight needed, etc.

Brian posted a chart with over 1 million multi family units and the expenses came to 49.98% of "Scheduled Market Income."

Perhaps you propose a 50/50 split, where you get 50% for doing the work, and they get 50% for providing the capital (how they divide their share between the two of them is their problem, not yours...think about it...if ten of these loan sharks pooled money for you would it be fair that you get 1/11th?).