If you need to build reserves after acquiring the property, allocating a portion of the rent towards reserves is essential, aiming for at least 10-15% of the gross monthly rent until you reach a comfortable level, ideally 3-6 months of rental income.

You don't necessarily need a paid online program.

The remaining 1 million have a higher percentage of owner occupancy and also higher median income.

I have not, just found the organization online in researching.

I want to get into the market and begin adding to my portfolio and passive income.

We are doing  online research about the market and decided t invest in these three states, and if we find any good deals we may invest another $200k in the market in the coming months.

He’s aware there is likely a tax implication on the income of the LLC but main concern is if becoming a part owner would affect his eligibility for capital gains exemption thru 121.

Loss of use coverage provides insurance against the reduction in income it doesn't obligate you to keep the tenants lease going.

It's like playing Russian roulette with your income.

Can I carry over this and apply to the income of the new construction after its rented out?