We registered the property as Volare' at Longview, LLC in Texas as a foreign entity, since the sponsor lives out of state.A&M Equity Group, LLC is the managing member of Volare' at Longview, LLC and the investors are limited members.I hope that wasn't too confusing.

Assuming he viewed the property and did his own measurements he shouldn't have missed $200 worth of materials.I agree that additional scope happens after projects begin, especially roofing and other projects where you start to dig into the structure.

While your age limits what you can legally do, it shouldn't be holding you back in terms of real estate.

.- CoC is a measure of return generated by TWO sources (i.e.

I prefer outside the city limits and SECO electric service.

Economic breadth" is measured on two axes – how much any single industry dominates the economy and how much any single size of company dominates the economy.

In general, if you had net losses from your schedule E rentals (and were not a RE pro), they would be limited to offsetting other passive income only.

With this limited amount of information it sounds like he should sell it. 

What: 1) 3 story, appx 2200 sqft apartment building built in late 1880's, all boarded up needing a major gut rehab (# of bed/bath are unknown) 2) lot right next to the above building (don't have the measure yet but it's small, appx. 0.2 acre or possible under )Purchase Prices, ARVs, and asking prices (provided by the potential partner): Potential partner got both of them as is off of a private auction at below prices: 1) building: auction purchase 700k; ARV of 1.3M; asking to sell at 900k 2) lot : auction purchase 300k; ARV of up to 1M; asking to sell at 300k Proposed Partnership: She is funding 90% of the deal through her private lender so she needs to put down $100k of her own cash and she is asking me to put down $50k with profit split of 25:75.

I drink work coffee provided for FREE.4. limit my lunches at work to about $2 a meal.