Found an 1823 log cabin hidden under a 1920 farm house I boughtWW1 Pistol in an attic1950's girly mags hidden in a wall.Architectural drawings of TVA damns from the 40'sAll the std gross items

This means that for lender to make sense to go through all of those steps the ultimate loan amount would need to be over $1,500,000.In terms of the commercial ground floor, there are several programs but the most popular that you would use for acquisition (223(f)), allows up to 25% of net rentable area and up 20% of effective gross income to come from the commercial portion.To keep the summary above brief, I assumed that the conditions above are a starting point for most properties, when certain other conditions are present for example if the property is "Affordable" the LTV can go up to 87% or 90% for projects covered under Section 8 HAP Contract.

The Florida LLC will have the employees.

If the IRS were to look at that clause in a contract, they may determine that this "contractor" is actually an employee -- one of the key tenets of independent contractor relationships is the freedom to delegate and sub out work.  

Are an employee or is it your own wholesaling business?

Don't get in a hurry to buy, RE moves in cycles, but it is always changing, prices move slowly but there are always distressed properties, that doesn't mean some junker, deals can be had at all price levels. 800 gross rents gives 400 PITI, 75%, 300 goes to P&I on the loan.

A list of any potential problems or issues that we need to deal with.I pay a flat percentage of gross rents collected to the PM, and they do not charge anything on top of repair costs or sub-contracted work.

The gross rent is $2200 (duplex so $1100 each side) and the loan (10% down at 7% on a 30 yr fixed) payment would be $1621 PITI.

If you have a hired employee, and charge their hours for the repairs, you could probably make it stick.

that any consistent payment to the same IC and they can be viewed as an employee.