After two years, you have to get a certificate of occupancy and petition the rent board. 

Any way, like the salmon I will work hard to reach my goals but unlike the salmon I will not spawn and die a week after arrival.

You will probably arrive at the same conclusion as anyone else..Think of an LLC as a firewall, it can contain the fire in one segement of your portfolio and avoid loosing everything.

We accept, generally, 10% as a customary rate to judge an investment, but it is not a rate that is arrived at as it would be in other investments, like securities, where risk is assessed and securities are rated.

So I actually worked the numbers backwards until I arrived at $200/door.

Both of them are on the deed for the house, He went down to the probate court to file a petition to gain power of attorney over the property they told him that they will have to run it in the local papers for a couple weeks it's now been 2 months and they can't give him any updates on the probate.

In the end, we weren't the highest offer, but ours arrived with a 20% EMD (~75K) which seemed to make it stick :)

Notice required, running new amortization, accounting, verifying new payment (if deposited), compliance check and communication with a borrower is possible if they want to see how adjustments were arrived at.

I also take average rents for similar houses in that neighborhood, look at DOM and subtract about $50 to arrive at my rent price.- 100/month for repairs and maintenance- Equivalent to one month's rent for vacancy/turnover etc- Insurance costs + 10%- HOA costs + 10%- Taxes + 10%- Management fees of about 9% of gross rent (fee will decrease with more properties)and after all expenses - (rent x 12 - expenses/ cash invested) my goal is about 6.5%.

Also make sure you get it at a good price (learn how to arrive at a good price searching the forums here).