NOI is defined as: Revenues - Operating Expenses.

I'm also part of NAIOP, BOMA and ICSC and in my opinion ULI is the best industry organization for what you're looking to do.

What is the best way for a self-employed person to organize their finances. 

Search veteran service organizations in each and every area of interest to find some guidance. 

If you change to LLC, you need to operate 100% via the LLC name or you risk personal responsibility which is exactly what you’re trying to avoid by establishing an LLC.

I have been self employed for many years and recently now filing taxes for a real estate trust I operate. 

Don,Just have an operating account for the monthly rent and repairs, separate from that, do a savings account and put your funds in there for capx

There is variation in the quality and consistency of inspectors, as with any large operation.

If you want the work to be quality, then there are better actual small single-man operations that are cost effective, but a bit more $.

Without taking too much of your time, let's jump right in.Rent comparables, using the lower-mid end of the market:1/1 - $14753/2 - $2500Mortgage 30YF @ 4.359%, 14% downTriplex- 3/2 & 1/1 & 1/1Asking Price 519,000EGI65,400 - vacancy (5%) = 62,130Yearly Operating ExpensesTaxes (1.15%) - 7,785insurance - 1500 repairs (5%)- 3270CapEx (10%) - 6540PM (10%) - 6540Utilities - 1500Total Expenses- 27,135NOI= 34,99534,995 - 27,384 (mortgage- refer above) = 7,611$$$634$$$ CASH FLOW per month, or over $200 per door for this multi in LOS ANGELES, CALIFORNIA CA!!