Jake Kucheck Go ahead and post it... there's a link to another on here, I'm sure that's ok, I think the rule is more not to have everyone promoting their websites, etc.

As far as advertising I am currently working on a website.

It seems to me a larger owner could influence the manager to direct tenants towards them and away from my property)*The property management company has a terrible website, and it begs the question how competent and reliable they may be*It is my understanding that I pay the management fee regardless of vacancy, however I'm not sure on that, perhaps someone who has had prior experience with these type of communities could tell me how they are normally structured.I apologize if I don't quite have the RE vocabulary down, but hopefully you folks can provide some advice and help me get my start in real estate!

The S-8 allowable rent is on the HUDUSER website and is the median rent for the area.

Also, I will be visiting Chicago in the upcoming weeks and would not mind meetup with any investors out that way as well.

I live in Austin, travel to Dallas (to visit family) & Boston (for Patriots games) a good amount.

For that reason I dont want to buy a 2m property now.I also found some lower ones (150-200k) yielding nice returns (rent roll 35-40k) but this would only be a 50k investment for me (down payment) and not so sure it would be worth my time for such a small amount to visit, do the mortgage, tax etc...I am trying to get over 10% after all reasonable expenses on the property price (so 30-40% on my money).The reason I mention PA (Lackawanna area) is that I know people there who have done this that I trust and that will help.

I dont see any form for it at the state's website.

Be careful with "exclusively" working with an agent; if the agent turns out to be worthless, you will still have to compensate that agent for that "exclusive" relationship you formed.Offer to be exclusive with that agent for any property that you visit as a result of the agent making a connection to the seller / seller's agent.

The assessor's website probably says that the land is worth 40k and the building is worth 120k for a total of 160k.You know that 40k represents the land and 120k represents the building.40k/160k = 25% of your cost is related to land120k/160k = 75% of your cost is related to landThat is how you can apply the assessor's ratio to determine how much you should depreciate.A different method is to get comps of improved/unimproved lots to determine what the land price is apart from the building.