Factors that indicate that a taxpayer has the benefits and burdens of ownership include: 1. the right of possession, 2. the right to obtain legal title upon full payment of the purchase price, 3. the right to construct improvements, 4. the obligation to pay property taxes, 5. the risk of loss, 6. the responsibility to insure the property and 7. the duty to maintain the property.

LLC is very popular but it must be set up properly and maintained properly in order to provide the liability protection it's intended for.

Those houses were usually built to last but it really depends on how well they maintained and whether or not they were upgraded over the years.

But how do you decide who maintains which part of the common areas?

I couldn't care less who was up there as long as they are going to further, or at least maintain the ideals and standard of living that hundreds of thousands of gallons of blood and tears have paid for since its inception.

She was adamant about wanting to maintain strict control of the short sale process even though I explained she could be making much more by leveraging her efforts and handing the short sale negotiations to me, thus freeing up her time to take on more listings.

Here's my tips for the tenants who hope to secure a clean, well maintained rental in a good neighborhood.Have a pen and paper ready when you call. 95% of the tenants who call me have to go and find a pen when I try to give them the address of my unit.

I use autopilot riches and like it a lot, right now we're working on some cool stuff to auto opt leads into our autoresponder/broadcast lists as soon as the visitor goes hits the button on the squeeze page.Look into your auto-mail provider and see if they have a broadcast (single email blast) feature, this can allow you to personalize the email with their name, avoid botching your isp, and takes the hassle out of using bcc and maintaining your list the old fashion way/less effecient way.

Is it the cost of maintaining the apartments, everything from the salary of the building manager to the cost of the new bathroom fan?

Just using an LLC instead of recording a mortgage.Actually, it seems you're getting more than 100% LTV, while still maintaining control and being able to say, "all properties owned free and clear!"