David Krulac Thanks for the info.take out some travel and marketing time. 3 people for an hour = 3 hours = $40 per hour & if some are employees...

Hey Steven Walter - I'd definitely stick with the licensed contractors and as long as you are hiring contractors (not employees) you shouldn't have to worry about workmans comp or anything like that.

This subject is so important in most lives; it is something that should be taught in high school.Just know, being successful in the finance segment is far from passive unless you are a silent financial partner.Think of the army of employees who service loans on a daily basis.

It is just this simple: when you buy a property with gross rents of 1% of the purchase price, it WILL lose money.

He was managing Broker for a mid-sized Property Management and Investor Real Estate Sales company.It seems one of his admin employees owns several investment properties, and in fact the PM company "managed" these, from the standpoint of tenant management and routine service calls.

If she accepts the addendum at 65K my total in money is 88K(65K+21K rehab+2K CC) = 88KIf I sell the house for 123K my gross profit is 35K.

I would like to invest in the RE sector of the US economy but all the research that I have read on the internet points to foreigners paying a significantly higher percent of tax on rental property income than locals (30% withholding tax on Gross Income vs 15% on Net Income).I am not concerned about the benefits of a foreign corporation owing a US LLC and thereby not paying estate tax.

Cost $250k with $4k per month in gross revenue from rental.2.

If it was only 37.65% leveraged then the calc would be $400,000/62.35% = $641,539,000 ish for your gross sale.

If you were to bring in a PM for this, you'd lose anywhere from 5-10% of your gross rents, which would probably eliminate a good chunk (if not all) of whatever cash flow you were anticipating.This is something else I see all the time where potential investors/landlords do not take into account the cost & time of managing the property.