I'm wanting to collect $5000 up front from a lessee, and price the rent slightly above what they are paying for the mortgage, and I believe the rent market will handle that price based on apartments renting close to that amount.

I got home , checked the citys GIS map online and found out 1 is owned by a place called MLQ Investments LP, out of deleware. the only info I could find on them was a bunch of lawsuits against them for unfair collection practices.

Subprime trap ensnares big spenders in the United States In the collective imagination the victims of America’s escalating subprime mortgage crisis are low-wage earners struggling to buy their first home.

I can certainly imagine a scammer buying junker houses in horrible locations, collecting the money, and leaving the house untouched.

That would be incentive for them to pay on time rather than penalizing them for being late, and you don't have to collect the penalty if they are late.

I checked it today and I want to check it once more this summer or Fall.I have 1 unpaid collection that I was unaware of until today (only on my experian report).

We are not clear about how to explain to our potential members how the qualification process works in relation to the qualifying process.We've been told that TIN will represent the members "collectively" instead of each member having to submit personal information everytime a property is purchased.Please give us insight on the process as it relate to an LLC Investment Group.Thanks,Ed

As I have stated before, there is NO DIRECT correlation between the "rent collected" and the "expenses."

Will you have the LLC be the owner and manage and collect the rent?

I would use about ten percent to start, meaning that I would reduce the total amount of rent you expect to collect in a year to 90% of the total possible gross rent.