These exemptions apply to corporations, and any community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or to foster national or international amateur sports competition, or for the prevention of cruelty to children or animals.†Don’t see that one working myself...REITThis one I am very interested in but to qualify as a REIT it has to follow these basic rules1, Be an entity that is taxable as a corporation2, Be managed by a board of directors or trustees3, Have shares that are fully transferable4, Have a minimum of 100 shareholders5, Have no more than 50 percent of its shares held by five or fewerindividuals during the last half of the taxable year6, Invest at least 75 percent of its total assets in real estate assets7, Derive at least 75 percent of its gross Income from rents from realestate property or interest on mortgages on real property8, Have no more than 20 percent of its assets consist of stocks in taxable REIT subsidiaries9, Pay annually at least 90 percent of its taxable Income in the form ofshareholder dividendsBut the benefits are that a REIT PaysNO CAPITAL GAINS TAX.

Are these older, cheaper duplexes usually in bad neighborhoods?

Rentals almost always must be bought MUCH cheaper than market value if they are going to cash flow.

Gross rents: $850Operating Expenses: $425NOI: $425Debt ($55K, 30 yr, 7%): $365Cash flow: $60 per monthThumbs down due to low cash flow, but if you could get it a little cheaper or were SURE that the rehab would be less, it would be close.Good Luck,Mike

for charlotte, gas is cheaper...that being said, my tenants prefer all electric bc they prefer one bill and one utility deposit..if you have gas, make sure to get a CO detector

It has been reduced from 65,000 to 50,000 ... and I figure to get it somewhat cheaper of course.

(about 5 of them)With these tenants carpets get used and abused hard.So I don't want to pay a premium for a 10 year carpet.I am playing the averages looking maybe for a low quality carpet (5 year) and add a little plusher pad to make it seem nicer.Redevelopment has been happening a bunch in the area so in 3 to 5 years I plan on being approached by a developer.So I want to make nice but not over improved.Out of the 5 buildings 4 have older cedar siding.Instead of putting hardi-plank I was thinking of getting a paint company to replace bad boards with new and then get a paint,caulk,and seal.I figure that would be much cheaper than hardi siding at 7,000 to 8,000 a building.I figured exterior paint would be maybe 800 a building but I don't know how to price it out.The buildings are square with about 5,000 sq ft living space.

The only cheaper option is window units all around and that's still about 1500 to get them in each room with heat.

Thank you Bill I am going to research this as it is probably cheaper.

I just got some from Staples.com, the design interface was identical to VistaPrint, but the prices were a little cheaper.