After getting the license you also have to pay fees to your broker and join various organizations to expand business.

You can also check with a national home inspection organization to see if any of their members served your area.

High equity positions in LLCs doesn't scare me as much from an asset protection stand point.That said, I chose to grow organically.

WRITE IT DOWN.It is a powerful tool to organize your thoughts into a full detailed plan.

I appreciated those parties that gave me some numbers to work with, and I also appreciated the general council that direct marketing this property to cash buyer investors via direct mail, is unlikely to produce good results.I have a local real estate agent who has been VERY interested in marketing the property, who is allegedly a top seller in his organization with Keller Williams Realty.

All feedback is welcome and greatly appreciated.29 UnitsPurchase Price: $1,305,000.00No RUBS in placeGPI: $237,977.00EGI: $214,776.00 (after removing 10% economic vacancy and 6.5% Loss to lease)Total Expenses: 118,587.00 (55.2%) (10% management fee)NOI; $96,819.00CAP Rate: 7.5%There is some value add opportunity by implementing RUBS and bring all leases to the current base rent which would bring up the EGI to $242K and the NOI to $121K at a 9% CAP.Looking forward to your responses.

Edit: the data that you might specifically look at is the "Price-to-Rent Ratio" spreadsheet organized by zip code to check out specific areas in LA.

Thomas Wassmann I am also a wholesaler , and would love to here how you organize your Criteria(s) and how you structure your budgeting.

My business ritual starts with checking all my accounts to make sure our finances are on track, then heading over to BP to socialize a bit on the forums, and then taking a couple minutes to make sure the family and business organization is caught up.

@Matt Hines,You should be able find someone in each organization who handles acquisitions at each of the franchisors.