Well, you can assume whatever you want but it doesn't make it a fact.As far as your statement that you can count on me "throwing Israel under the bus", it is flat out insulting.

I will have to disagree with your closet door statement.

This has happened 2 out of 5 deals.1st Time: I called Citi Financial for a Pay-Off Statement and they wanted $25 to fax, or mail for free.

No need to attend closing at all.You should just include in your LLC's Operating Agreement a description of who your officers are and what their duties are and a statement that either of you can sign for LLC as needed..By the way you might ought to look around the country and form your LLC in a cheaper state.In order to own and/or rent RE in MA, you'd need to register your LLC in MA, but that plus cost of forming in a cheaper state might still be less than forming a MA LLC there.

Rich,LOL :lol: - That's what I read too, and it sure is written there plain as day as you can see in the quote above.I'd safely venture to say that almost all humans would say this statement fits them too, if they're being honest that is.

I can show statements on all 10 properties going back 3-5 years that show steady rents.

Mariah, I think the key to your entire discussion was your statement that your FIL "doesn't care to learn" how to be a good PM.It doesn't matter how much you pay him or how much you train him... if he doesn't care you will still have the same problems.While the PM may be more expensive on a monthly basis... in the long run they will be less expensive as follows... you won't find yourself in court and you will be able to continue to expand through acquisitions.Your risk posture is very high with your FIL attitude.Best of luck!

There are other periods over last 40 years where my statement would also hold up.

What you want to do here is make statements of fact, not blow smoke up the tail pipe.For real estate, you'll need to address exit startegies, leasing but when vacancy becomes X% for a period of Y consecutive periods, the property shall be listed or the property rents will be reduced by R%, explain your exit.

I think it's a little more than marketing backing up my statement that I believe they are better built ;) My wife designed the floor plan as we wanted a wide open plan.