Hey Nik Parks also from the NYC area (harlem), also a newbie but more than happy to meet up and start to learn or even do some deal analysis for practice if there are some like minded individuals.

Bill Gulley that is very advanced for me however i am going to forward alot of what is said here to my attorney tomorrow. thank you for you input and i am sorry i cant speak much about your input as i am very new to these practices.

In practice, this means a cap of $40 - $50 before the Tenant could contact the Rentalsman and claim we were being unreasonably heavy-handed.

It would be kind of fun to take a sledge hammer to the place, or practice some side kicks on walls and doors before having it torn down lol!

I'd charge 8 to 9%, but you need to consult with a real estate attorney for legal practices in your state (and dodging around the SAFE Act).

The problem arises when the rehabber (Jon, in this case), decides that he needs to hire a GC to pull permits and bring in subs -- which he would very likely have to do if he didn't have a full-time employee managing the project.In that case, it would likely be more expensive than the 5-10% management fee option.So, while in theory I agree that the management fee *feels* wrong, in practice, I think it actually saves both sides some money.

In the name of quicker access to real estate information in the hands of local government folks (register of deeds, local assessor, tax collector, county surveyor and map providers, etc.) I've drafted a contact list f...

This is bad practice.

In practice, this means we dump {most} surplus cash flow onto our mortgages and, when we find another property to purchase, we draw those funds back out via the LoC component.

I am sure things are handled very differently over there.You might want the HOA to pay for a consult attorney local to the area and HOA formations and enforcement practices to get a take at the meeting of options to proceed forward.No legal advice