No excessive fees upfront or during holding period4.

A minimum of 480 sq. ft. of lot area is required per dwelling unit for the lot area in excess of 1,919 sq. ft.

The key items are voting thresholds for major decisions, who has day-to-day authority, how cash calls work, what happens if someone doesn’t fund, transfer restrictions, right of first refusal, and the exit or buy-sell mechanics.

If you’ve got a Zillow/LoopNet link, rent roll, or offering memo you want screened, reply here or DM me and I’ll run it for you (free).I’m mainly looking for feedback: does this save you time, and would you use it if it were a web app?

When you finance under a LLC, the lender must verify corporate authority, which is not the big of a deal at closing of a purchase or closed end first or second mortgage.

If you make 6-7 figures and have excess income you can cover things, gives you room to invest more.

The Housing Authority paid 80% of the rent, but he almost never received the tenants’ share.

Pros: higher cash flow, guaranteed rent from the housing authority as long as you’re not in violation, tenants usually stay longer than private renters, and the regular Section 8 inspections help keep the property in decent shape from the many inspection reports I've seen.Cons: Inspections can sometimes be a headache, delays move.

While I buy more real estate, equities, and relax on vacations.Rinse and repeat and pass to on to familyI would think that if you had paid off rentals you would want each to be it's own LLC, you would want to use your excess cash to buy new properties to mitigate taxes, you would hold onto them in a Trust, your Trust would go to whomever you designate at your parting, you would pay little or no capital gains, they would pay little or no capital gains, you would borrow against them if needed instead of selling them, and you would spend your time doing something that meant something to you and others.  

Before signing the work authorization contract, I mentioned I might bill through insurance, and she said I should sign the contract anyway and she’ll internally switch things to insurance and have the tech document everything on site to ensure that insurance would have no doubts.