I am opening their first branch in the Twin Cities area; however, my true passion is to learn the industry and start investing myself.I'm definitely not a paid spokesman for BiggerPockets, but this site has been terrific.

You also need the occupancy rate (everyone will say 100% occupied, but that is never true).

That creates a worst case scenario for you and provides a buffer so that when you do have to factor the true mortgage (65-80% of purchase) you'll be doing even better.Hope that helps.

Of course, this is true to some extent even without an HOA.

As for bank own, that is true.

Just the opposite is true.

@Matthew Dovner That's most likely true that you wouldn't have as much maintenance/repairs each month for a rehabbed property as a distressed property.

I see people discussing it, but I’ve heard the taxes will go up under an LLC; is this true?

When the "TRUST" department finds you want to self direct, they'll tell you they can't do it, which is true, they can't.If you can find a bank officer to listen to you, tell them you need a business savings and checking account similar to the ones they set up for A-B revocable trusts.

That's certainly going to be true for a turnkey where you have no choice but to use a PM.