Not sure if that's a sign of a toppy market or something cyclical.That being, said the long term play is a nice option if your prepared for it.

Similarly, the tenant population is, in general, not prepared to pay a premium rent for energy efficiency.This hasn't stopped us from being early adopters of efficiency retrofit practices, but it does require we have a solid business case for most undertakings (we have been known to implement certain measures as experimental for learning purposes when there is no viable payback).

you would need a lawyer to form for you and prepare an operating agreement so you can open a bank account, not an accoutant. 

Had been preparing to jump into the market when a friend who rehabs homes told us about a 3 family he had just fully renovated for great money.  

Unfortunately, that's not the case.Set your expectations early in the season and if you do require higher-than-normal service make that very clear but be prepared to pay for it.

The numbers weren't great, but I was prepared to move forward with them.  

Account ClosedOur CPA firm prepares hundreds of returns annually for real estate investors.

@Jeremy MahanI am a CPA who not only has prepared thousands of returns for investors, but I also own a series of residential and commercial units here in Southern NJ (a few miles from Philadelphia) and until recently in Texas.

We are definitely not at the bottom there (that was around 2010 when I bought) but if Aerospace keeps cranking there, though, and I'm betting it will, I still see some market upside in this cycle, just be prepared to hold through a downturn in case I'm wrong on that.

- It's sort of a be prepared for the Big One warning, and how to prepare.There are other important topics he covers as well