I'm a successful sales manager for a large company, and believe my sales and operational background will give me a good foundation to be a champion in real estate. 

For this, they want 65-35 split of the net profits and operating income with a 50/50 split on the investment. 

Hey everyone, my name is Mike, and I just joined the site.I'm currently living in Stuttgart, Germany, but I'll be moving to Charleston, SC this summer, where I have my primary residence and 2 cashflowing SFHs.I'm hoping to expand the operation and get in on some multifamily spots, and learn about flips. 

  @Sean Xin Someone who has experience in the Houston real estate market, primarily operating within the realm of single family properties (buy and hold, cash flow generation); specifically someone who has been successful in that area.

So now that I kind of have an idea of how to obtain the real numbers behind these categories, I should have a much better idea of the building's value and operating costs.

I would recommend the LLC be operating in the state that the rentals are in.

But like anything is hard work getting there and you need some sales skills and big time work ethic.. starting in RE is 7 days a week unless you get on the commercial side the its only 6

With all things good.. the property would bring in 6000 per month.. i am estimating 2000 operating cost not including mortgage payment. 

Essentially, the debtor business reorganizes and operates the business as a fiduciary for the benefit of creditors, and there is usually a committee of creditors which must vote to approve the plan. 

So either they don't understand how foreclosure law works, or they hope that you don't.The HOA, their management, and attorney's operate in an environment with little oversight, and have discovered a cash cow being wholesales and rehabbers.