Make sure you account for the following:1.

Hello My name is George Munoz, I opened this account months ago, and this is my first time introducing myself in this platform.

Our accountant charges us around $2,000/year to do payroll, and we pay $1,800/year for workers comp insurance.

Account Closed  They already left. 

Would a Lender use the $ that I have in my HELOC account ........... would they let this count towards being $ that I have in a " Savings Account " , as they want to see that you have 6 months of Rent saved up " Per " rental / your own personal Residence that you have Thank you for the input and help 

More Accounting/Tax KnowledgeAnother thing I neglected to spend very much time on when I started investing...

Account ClosedAny person engaged in property management activities in Illinois needs to be licensed.This would include showing a unit for sale or lease.The only way to get around that would be hire a leasing agent, which can only be used for leasing activities and not sales.

As for the utilities in tenant names (gas and electric), I called the companies and had them set me up on a sort of "landlord plan" where it notifies me if the account is about to get shut off, then auto-reverts to me once the account is shut off. 

If you need a realtor, my realtor Account Closed is excellent.

Your lawyer should cost $25-50k, accountant 20k, insurance 10k, rent, marketing material, sales staff, etc.While the 2/20 model has largely disappeared, you need to make enough on your deals to make the upfront capital outlay worth it.