Most Tax Attorney's only know the legal matters.

Out of that $540 you're paying:TaxesInsuranceUtilities (at least when vacant)Legal costsCPA costs (or, higher taxes if you try to DIY your taxes)Vacancy (even if just for a week or two during turnovers)Routine maintenance (inevitable, stuff really does break)Make ready costsTenant damage in excess of security depositsCapitalThe 50% number is well supported by large data sets.

If I remember correctly, this contradicts what I learned in my real estate classes -- while an unrecorded deed may not protect against third-party claims, the deed itself still defines a legal conveyance of title/ownership.

Even if you follow those guidelines the ultimate decision rest with your brokerage and what kind of liability they want or will accept.The activities you are wanting to do may not be covered under their E and O policy or the brokerage may simply not want you doing these types of activities.

Even if you're at just two loans currently, the lenders that will go up to 10 are investor-centric lenders, and they will be better to work with, on this loan and down the road as you do more.So your current lender may not be the right one.Also, the following are bonuses you can look for in the lender:* They're "direct" to Fannie Mae; this means they use Fannie's guidelines for the most part, without applying many of thier own in-house revisions (which are ALWAYS more restrictive for investors)* Ask them if the underwriter is in-house and local.

Make the end buyer feel as though if he screws you over, he may make an extra $20k but he'll lose ALOT more because 1) the pipeline of great deals you were going to plug him into just closed and 2) you know enough serious wholesalers out there that once he rips you off, all other wholesalers will know he's a crook as well.Again it's more of an 'attitude' than it is a 'legal' thing.

I have read on here married couples that keep it separate in order to qualify for 10 each under conventional guidelines.

First, make sure a business can legally operate in the shop building.

When the buyer has to buy, it has to appraise, setting the price where they don't create any equity based on a future appraisal is predatory, putting the buyer in a position where they can not succeed under the terms set, being predatory, besides having legal issues, such is unethical, not really dealing in good faith.

See, that's the thing, if it's legal here in Wisconsin.