That will depend on the municipality where you operate.

It's part of operating a business and a gauge of your applicants acceptability.

I live in Greenwood, and I'm the pastor of a small church in Fairland, IN.I'll originally be operating with very low resources, which is the reason wholesaling seems best for me right now.

It would operate similar to a Master Lease but with the potential to be higher as the short-term manager would be basing their offer off of the return they would incur from short term rates.Any feedback is appreciated!

But I am a glutton for punishment, so it only wet my appetite so I kept going onto other deals.To answer Mike's question - I went on to get my Brokers Lic. and took over an existing office as the operations manager, first thing I did was revamp the rental department.

The bank was a small town operation and we had no legitimate experience as rental operators so they were nervous. 

The ones that do great are buying deeply discounted properties and adding value or gambling on price appreciation in great RE markets that have benefited from the market rebound following the recession.  

The way to test it is to hold onto any metallic part of the unit whilst it's in operation and touch something else, like the sink, fridge, cooker, etc.

The regs of your state hold the answer regarding how long you have to operate under a brokerage.

You basically are looking for a mismanaged commercial building in offering some kind of relief for the owner operator, usually mom-and-pop, without a property manager.