It is simple and easy to begin the eviction process, and you can always stop it if tenant pays rent or moves out.

They would be much younger employees and incentivesed much differently than most PM companies, also payed per new tenant of the year, and get a small percentage of the rent each month similar to a PM company.I would receive many of the benefits of operating a small business as well as homeowner benefits which would be ideal.

Will the CAM fees assessed on top of the rent to the office have some operations profit for administering the arrangement?

Rehab holdback of $42,500.Loan Term: 12-month interest-only balloon note.Payments: Interest-only monthly in arrears with balloon paymentat maturity.Interest Rate: 9.99% fixed interest rateCollateral: A first priority lien on Borrower’s fee simple interestin the Property and the improvements thereontogether with any personal property owned byBorrowers related to PropertyPrepayment Penalty: noneLoan Fees: The following fees shall be due: (1) 3.00 points, pluscustomary underwriting, processing, legal,administrative and site inspection fees to (**) at closingof the loan; (2) $50 application fee due upon signing ofthe term sheet.

I found a mistake my cpa made last year related to REI (it was a simple one but it happens) This year I found a tax break I’m pretty sure I can use in the future that I would guarantee you he hasn’t heard of.  

Finding cash buyers is easy, start with reaching out to the acquisitions guy at every turn key operation in Memphis, (there are a lot) try posting your deals on Facebook and linkedin.

That simple you think or have you found a different approach works better? 

It's very simple to make a spreadsheet that sounds great, realistically much harder. 5 single families are much more expensive, time consuming, and a hassle to deal with versus 1-2 properties that have 5 units total.

There are so many areas where things can go wrong with a simple partnership, and you (but especially him) want to be protected from an asset protection perspective.

Hardly any turnover.Now with a four plex I worry about having to constantly deal with turnover, coin operated laundry, etc.I'm not sure if it's worth it or not.