Basically, I can use all of the saved $ to venture out into my intended source of income which is rental units.

Hi:Before you find yourself deep in the woods, if I were you I would not even consider venturing forth like this.

It does take a lot of capital, though.And if you want to venture further out, you may wish to consider the Sacramento area.

I need to present an executive summary to a potential commercial lender or venture capital and have never done one.

I would pay an attorney to design the venture.

DIY taxes and rental property don't go together, IMHO.

I suppose it was a successful venture even if I did learn more of what not to do than what to do.

-raised $480,000 in capital -sold 2 houses in Memphis -purchased 5 houses in Memphis -sold 1 house in Memphis -purchased 1 house in Memphis -sold 1 house in Memphis -purchased 4 houses in Memphis and 1 in Cincinnati -sold 1 house in Memphis -sold 1 house in Cincinnati -purchased 4 houses in Memphis -entered into a joint venture of 8 houses in Memphis -hired a real estate marketing specialist to build my website and do all of the SEO work -agreed to sell all of an investment firms bulk REOs on my website -entering into a joint venture of 20 houses in Memphis -agreed to sell all of a hedge funds bulk REOs on my website In addition to actual deals, BP has provided me with knowledge that I could not have gotten anywhere else.

Hey Guys, As part of DIY discussion, how do you manage your own property and why (or why not) you prefer (or do not prefer) property management professionals to handle it?

I think what you are really looking for is a PARTNER for your venture, but what is common for that is they take 50% of profits.