There was a section about S Corp declarations and making use of the status proactively if you hit a predetermined income threshold.

Because of that, I’m very careful to leave my emotions at home and rely only on my predetermined numbers when I head to the courthouse each month.Something happened this week that reminded me to keep my emotions in check no matter where I’m going for the deal.

It's not a predetermined necessity to give a Property Manager 30% revenue, one has options and possibilities to hire your own crew at a cheaper rate. 

Do you have a pre-determined way to measure her performance?

From what I've been told, with short sales the bank predetermines the commission that will be paid and the 2 agents have to split the fee.

As long as you plan to live in the new place and stay there for the predetermined time (1 year, I think?).

Yes I charge a fee for handling maintenance and repairs but it's stated up front and well worth it when you weigh out the fact that I take the tenant calls, I call the vendors, I screen the vendors, Follow up with tenants and vendors to make sure the work is done, I call you if the amount exceeds my predetermined limit.

I've heard alot about having verbiage in rental agreements / leases that allow you to increase rent based on oil prices crossing a pre determined threshold.

@ jarese for starters..i would say identify your strengths...are u a people person..a numbers guy...have a lot of time..a money guy where u have funds to go residential versus commerical..however this last criteria may be a little skewed given the fact commerical property can be acquired fairly cheap in the detroit market...i would also say decide if u want to get into the rehab bussiness the landlordong business wholesaling birddogging etc...all these things can make u money but i would suggest that u pick one and stick to that until u meet a predetermined goal u set for your real estate objectives

Or is it always a predetermined decision and if you buy it as a flip it is almost rare you change your mind and hold it as a rental?