Unfortunately, the hours you spend managing your plumbing company likely wouldn’t count toward real estate professional status (REPS) hours.

As to should you create an LLC - the answer here comes down to mitigating risk.

@Nicholas JosephMany of my clients have shared quite a few stories about how they got started in REI and saving up funds to get deals going. 

@Emily Ellis I'm not a lawyer, however several properties in my area I found thru 2 separate wholesalers, turns out they were marketing a property which was listed on the mls and they were "in contract" which was bs, ended up one of my agents brokers were the listing as g ed NY and pulled the the excepted offers from them.

We purchased the home in the January of 2021 so our interest rate is decent.

The condominium is 1 story and 1,333 square feet and was constructed in 2016.

Hi All,When sourcing larger commercial deals, who are the brokers that you connect with most prominently and what markets do they operate in? 

So that comes out to be $40K per home in the end.But during the DD, I've found instead of 40 vacant pads, only 35 vacant pads are usable, so there is a loss of 5 spaces for me.What is a FAIR way (to both sides) of reducing the purchase price to account for the missing 5 vacant pads?

@Vishal ChandanRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Trying to find a creative way to partner with the owner, owner is retiring and won’t be able to hold it.