Hey guysIve been reading posts from time to time over the years and have recently committed to reading (learning) everyday.

Now don't get it wrong this is not my everyday job and I am not a contractor.

If you want to scale up your business, you have to budget for these on an ongoing basis.

The requirements change almost on a weekly basis.

I have asked the attorney to collect judgment on a contingency basis.

That said, a "grading in" of buyout basis from cost toward market value is reasonable over time.* Need to be careful regarding a partner's ability to sell their membership interest to another party.* How will the more active partner(s) be compensated fairly?

Plain and simple if you are looking to get into RE you can do it full time and run the risk of joining 90% (or whatever number) that quit there first year or you can do it on a part time basis and learn the tricks of the trade.

And you also want to make sure your title company has the end buyers funds pending in escrow so you can close simultaineously or the Transactional lender may charge more for every day there money sits in your escrow account.

My cashflow after all expenses, debt service and capital reserves is about $700/mo.I currently stand to make about $60k on the deal - with $40k taxable above my basis in the property.

I had the wild idea of getting the variety store running, I'm not sure if I can have someone run it for me on a full-time basis and maybe SELL the business and lease out the rent to the new owner and bank the business sale proceeds...what are your thoughts?