IMPOSSSIBLE to answer, Also you have zero experience , but are doing an 800k deal, HMM 

What made you interested in investing in this type of deal?

Negative cash flow is not a deal breaker for me but as an investment I have to see a means to generate return that justified the effort and risk of residential RE.  

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

I was fortunate to buy it when prices were much much lower and got a great deal on it so we don’t have a mortgage on this building but if we did the cash flow would help with that as opposed to taking a distribution at the end of the year.

Purchase price: $120,000 Cash invested: $240,000 Off market seller finance deal What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

A PMC, has to deal with whatever you buy on a daily basis, so they have the most "skin in the game" with you.PM us if you're interested in the Detroit market.

So I used the company he suggested in his videos: Prime Corporate Services; I paid them and they set me up with 2 separate LLC’s; one in WY for anonymity and one in PA where I reside, but besides that I know nothing of what I’m dealing with and from what I’ve seen on these threads is that I screwed myself and just made my life more difficult.