An assessment is a fee outside or separate of an HOA for capital improvements such as a new roof for the condo's complex.

Option 1 rehab and flip to get to option 2 buy and hold to one day own a few apartment complex's.  

I am looking for an accountant in the Lee county area that is well versed in the field of real estate.I have income that includes W-2, Flipping, Schedule E, Short term capital gains from stocks, and Short Term rental income.It's a pretty complex tax situation so I'd prefer only the best.Thanks,Brit

But if we are good at managing our own portfolio, which will hopefully keep growing, and have our systems in place, and someone approaches us about managing an apartment complex, it may make sense to take that on. 

Sweet!

The ones that are decent have high ($500+) HOA fees which pretty much kills any profits you may have.Talking to bankers there while trying to close on an 8U complex, they pretty much said that the market for commercial MF's are not that great.  

My educational background is somewhat complex.

If you want to be more involved and know of a good General Contractor you could do small apartment complexes without any experience, according to Lance Edwards that got his start ln real estate that way.  

Hello, I want to know do I need to create 1099 forms for every contractor I use when rehabbing a property or having repairs done on one of my Apartment complexes?

We have been renting from a sweet old lady for the past year and we realize if we keep renting from her, we will have paid her $100,000 over the course of our 5 year plan.