Overall, I think we have to discuss property classification when talking about cap rates or any measurement of price to income.

I have a couple of handymen available for issues that I trust.This laundry room is no money maker, but that was discussed in a separate thread.

It is worth getting an attorney involved and discussing the intent and allow the attorney to help draft needed paperwork and perhaps resolutions and manager contracts to ensure the protection is sound.Most mortgages have a Due On Sale or Alienation Clause.

These might appear on your LLC income statement as a retirement contribution that's traceable to each employee and as an LLC contribution for each employee on your 401K income statement.Make sure you scrupulously keep track of where every dime come from and goes, especially if you roll funds in from other retirement accounts.

You should be able to find a local bank that is willing to discuss it with you both even in Orlando.

Perhaps as the discussion continues a little more other details will come to mind.

Finding a good wholesaler may help but I emphasize the word "good", many of them tend to leave little room for the investor...no offense to any wholesalers in the discussion.

The other item that your Board needs to realize is any member of the association may place an item on the agenda for discussion at the annual meeting.

There was a recent thread where people were discussing the risk natural disaster risk involved in having all your properties in one city or regional area.

I know that I'm about 12 months late to this discussion, but can one pay cash for a buy-and-hold, and then refi immediately after closing?