Since the year on the original post was 2005, I'm betting this tenant has already been evicted, or this landlord is no longer landlording...

Not only do they make money working the land, but also buy charging people to do things like run around in corn mazes and the like.I was just curious what other activities people create for this "agritourism"?

I see not much activities in six months or 3 years -- Cash Flow is monthly payments receievd against promise to pay or contract -This could be like an Owner Financed Mortgage Note when he / she sold the house and carried back a mortgage.

This one might be bet for the appraisers out there.

I am the son of the business and I've handle all the daily activity for the last 9 years - Dad rejects any change and I am just about ready to give up.(4 full time employees for 500 units).

If you are good enough to make 5K a month wholesaling...what I call the "short money"...you're missing the bigger picture of the real estate business.The long money...the continue cash flow from owning a free and clear rental property whose rents continue rise with inflation...is the big payoff of real estate.Let's get real...if you find properties others are willing to pay you cash for...you just sold away a lot of expertise and effort for pennies on the dollar.Get in this business for real and quit chasing the "fast but short buck".Or at the very least, stop calling it "investing"...Take some words of wisdom from Warren Buffet:We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'

In the meantime I am actively investing in RE and also do taxes and other accounting services for RE professionals, developers, investors and landlords.

Frank this thread is almost 6 years old and Michael is not active on this forum so I hardly doubt he can help you out.

The number one target in litigation, according to my attorney, is the Minutes.You should hold meetings at least quarterly if your LLC is not very active, say for a landlord where no significant business is conducted.

The cost and added oversight on your activities is something to consider.Unfortunately, the process of getting your real estate license will not teach you anything about investing; it only teaches you how to pass the test and get the license.