Marketing strategies, employee requirements, compliance costs/requirements, software costs, training/education, insurance requirements, etc all are not within any model that you would use one another industry model...it is it's own animal, Without explicit insider knowledge of the escrow profession, it is usually a suicide mission to start up an escrow operation.

@James Cannon are you going to operate an assisted living out of the property?

Hi Michael,Shoot me an email or a private message and I will give you all the details on the portfolio lenders that I have a relationship with in Desoto county as well as how they typically operate and what they require.

I know that would foreclose a lot of private investment opportunities with large entities, but perhaps I can work with smaller operators, following all the rules of course.

@Emery Green I believe Ned is referring to the general rule of thumb when it comes to operating expenses for rental properties regardless of location.

@Angela Harding is a colleague that operates in Toledo.  

Get at least two contractors for each to give your their opinion of the operating condition of those items.  

I don't know if the 9.32% ROI is based on net operating.

You would need an operating agreement.

I want to make sure that I comply with the Dodd Frank and the Safe Act laws.