Goal: $4000 a month for real estateStarting Point: $200 a month from real estateCurrent Markets:- Wake County, NC- Montgomery County, MDThings I need to be doing more of: - Find more funding sources- Analyzing more leads- Get more creative on making a deal in host cost marketsThe plan:- Post updates at least weekly- Commit to analyzing a deal a day- Identify more markets- Learn more about multi-family real estateFeel free to ask questions, leave suggestions and/or join the accountability train. 

Cable And InternetFor larger properties, there are certain cable and internet providers that may be willing to provide a hefty payment in exchange for the exclusive rights to offer their services in the community.

These are professionals with additional training and a stricter code of ethics.

Another issue is you will have to have utilities in your name along with the internet.

“You may come and measure hallways, bathrooms, and doors to determine if the structure, in its current state, will be acceptable.”This way it will be their decision to pursue a lease.Do an internet search: americans with disabilities act

I can’t count the times that I’ve been approached by someone who has no experience, no site and no capital with a JV proposal.Taking on a “partner” with these “credentials” requires the experienced developer to not only do everything normally required to execute the project but to also teach the novice partner.The time and effort involved on the developer’s part to teach the novice partner will easily double the work normally required to do the deal.Anyone that hopes or expects a developer to train and share equity with them needs to adjust their expectations and bring something of value to the table in addition to any sweat equity offered by the novice.There are ways to get into the development game but they must be logical to both parties and make financial sense.I’d be happy to discuss this further with anyone that is considering getting into ground up development.

3% vacancy seems really low.What about internet, landscaping, snow removal, advertising costs, furniture, sheets, decorations, Matresses, business license, etc etc.

Mortgage estimate is 1500/month.Expected for electric/water/internet/lawn/cleaning ~400/month.

This is a condo unit, so it's a relatively simple setup.Monthly expenses:- $750 mortgage- $250 HOA (includes most utilities, in my case)- $78 cleaning fees (assuming one new guest per month)- $90 internet- $50 capexMonthly Income:- Avg $2,500 over the course of the year (higher in the summer; lower in the winter)Avg Monthly profit: - $1,282

I even handled IRS notifications for clients when W9 or W2 info is wrong, resulting in IRS inquiries, but that's another long story.As to 1099's for investors, I myself have researched the subject on the internet, had my CPA look into it as well through the years, and I trust my CPA.