I also have the added bonus of getting lot rent out of it so the return goes through the roof.If you have taken into account all your recurring costs as well as your "escrow" items such as furnace, roof, flooring replacement, YOUR TIME and effort, and you still net $250/month cash flow, that is a pretty good return. 

Do you think its smart to have seperate bank accounts for your properties?

Unless this job includes a ton of transitions, needs massive floor leveling, or has a million tiny corners he'll have to custom cut, then $1900 is pretty darn high. 

Next time, All repairs paid for by the buyer should be done through a fully funded escrow account with the owner signing off on the scope of work and city permits. 

I own and operate a woodworking business building tables and bars and very custom items for clients.

Originally posted by Account Closed:... if Prop 10 Passes.I just received a No on Prop 10 flyer in the mail saying it has been certified for the Nov 6 ballot. 

First off I am not an accountant but I would probably mention that if he sells right now he would have one large lump sum of money that he will have to pay taxes on.  

Is it better to have your checking account for your LLC at the same bank as your personal checking account or is it safer (as in if there is ever a lawsuit) to have it at a bank that is completely different?

With this method, both buyer and seller place a deposit of cryptocurrency (in this case BAY) into a joint account.

CoC (taking into account vacancy/cap ex and maintenance) is 16%.