Annual Operating Expenses Real Estate Taxes $14,650.00 Insurance $6,874.00 Water and Sewer $18,171.00 Snow Removal $0.00 Trash Removal (ROT $60 x 12) $3,768.00 Electric $10,594.00 Gas $9,803.00 Oil $0.00 Legal (rule of thumb) $500.00 Management Fees 10% $0.00 Repairs and Maintenance $49,329.00 Other (Turn Costs + Onsite) $41,222.00 Other (Onsite Manager) $24,000.00 Total Annual Operating Expense $178,911.00 I'm thinking this is a pretty easy fix.

We were using multiple LLCs to make offers on MLS properties but moving to a Land Trust instead.I read the book by Attorney Mark Warda and understand the legal concepts behind land trusts.

What type of legal help are you looking for? 

They also provide legal and tax support and will also make sure that all necessary filings with the state are completed on time.

I'm thinking of legal feels to draw our first rental contract, and home touch up fees like repainting after just six months of use.Thanks so much, this would be our first rental.Scott L.

I'm currently practicing as a criminal defense attorney but would like to move into real estate in my legal work as well. 

As I get private investors to buy/fund private mortgage notes, I need to ensure I do it legally with the correct disclosures...

Getting cash flow is fun but always remember about protecting yourself from the legal stand point.

For the most part a legal agreement will suffice starting out.

But there are always ways out of the contract legally.