There shouldn't be much to "managing" the LO if structured properly, but I assume you are an agent adn he wants you to be the property manager. 10% down is a fair amount on a LO, depending on the area. 

If the food is cleaned up properly, the ants will disappear.I'm curious...is it canned food or dry kibble food? 

I think that the property can work if properly managed but of coarse there is always a risk.  

I just installed a new central AC system at a rental unit.The install cost me over $3500, and Florida Power and Light offers a pitiful $91 rebate.I heard in some other states the power companies offer a significant rebates to a new AC or furnace, or even energy saving appliances.Anyway in order to get this $91 rebate my AC installer asked me to provide to him the FPL account number of my tenant living there.When I asked the tenant about the account number they questioned whether that rebate should be going to them or me.I paid for the central AC system.Yet FPL is offering a rebate and requested an account number for the rebate, giving them an impression this is the account which should be reaping the benefits.What say you? 

Expenses that can be taken immediately and those to be amortized are not changing and I'm sure Brandon was correct in address the proper accounting.  

I shopped so far, the cheapest price I got it 27 per square including installation.

I can get trade pricing so it behooves me to buy the items myself, yet I still pay the 12% to my GC because he has to handle the items and/or coordinate their installation.  

As long as they are properly filled out, make the proper claims and are signed and notarized they are no different than having the original note.In this case, the LNA is more of an instrument of ownership than the governance of the debt.  

I could buy 8 of them Memphis properties but when I run the numbers I'm still basically just being handed back my own money in monthly installments over years. 

5. am i able to install it myself?