I had already had my first duplex under contract, and closed shortly after selling my first rehab.Several rehabs and my own crew of employees later I began focusing more heavily on buy and hold property.

NOI is over 67% of gross?!?

Plus, there is the fact that I would be hiring a general manager, and I am humble enough to learn from my employees.

I was top executive once when an employee ran a red light and killed a girl.

I pay employees at $18-35/hour.

. § 14-11-702, which reads as follws: (b) Without excluding other activities which may not constitute transacting business in this state, a foreign limited liability company shall not be considered to be transacting business in this state, for the purpose of qualification under this chapter, solely by reason of carrying on in this state any one or more of the following activities: (1) Maintaining or defending any action or administrative or arbitration proceeding or effecting the settlement thereof or the settlement of claims or disputes; (2) Holding meetings of its managers, members, or other owners or carrying on other activities concerning its internal affairs; (3) Maintaining bank accounts, share accounts in savings and loan associations, custodial or agency arrangements with a bank or trust company, or stock or bond brokerage accounts; (4) Maintaining offices or agencies for the transfer, exchange, and registration of membership or other ownership interests in it or appointing and maintaining trustees or depositaries with relation to such interests; (5) Effecting sales through independent contractors; (6) Soliciting or procuring orders, whether by mail or through employees or agents or otherwise, where such orders require acceptance outside this state before becoming binding contracts and where such contracts do not involve any local performance other than delivery and installation; (7) Making loans or creating or acquiring evidences of debt, mortgages, or liens on real or personal property or recording the same; (8) Securing or collecting debts or enforcing any rights in property securing the same; (9) Owning, without more, real or personal property; (10) Conducting an isolated transaction not in the course of a number of repeated transactions of a like nature; (11) Effecting transactions in interstate or foreign commerce; (12) Serving as trustee, executor, administrator, or guardian, or in like fiduciary capacity, where permitted so to serve by the laws of this state; or (13) Owning directly or indirectly an interest in or controlling directly or indirectly another person organized under the laws of or transacting business within this state.Good luck!

Hi Julia,This tool is pretty simple, but it might help out if you're at the point where you've already projected your gross income: http://content.vacationfutures.com/income-calculator

I'm also no lawyer. but generally, if you contract with someone for a certain price you aren't liable for them, but if they're considered your employee, you are.

In Ohio you could manage properties for her even if you are not a licensed real estate agent working under a licensed broker so long as you were her w-2 employee or you were doing it for free.

If the addendum was well written and agreed to, about type of dog, etc. and the house was 'hardened' enough to handle a dog, you may benefit from the additional cashflow (I would charge a deposit that at the very least covered a professional carpet cleaning from a highly ranked cleaner and extra rent money every month).To me, tenants are like employees.