Tend to be hard on myself and a very motivated individual so my overall plan is to keep reinvesting to continue building until my passive income is equal to or greater than my current gross.

We are considering transferring it into our VA based LLC - of which we are all equal partners.

We are considering transferring it into our VA based LLC - of which we are all equal partners.

Money becomes very relevant at the time of purchase; especially if there is not an equal contribution.

Properly executed, an investment in these types of property can garner substantial passive losses, often equal to the amount of capital invested (or more) even in years where the benefit begins to sunset.A few words of caution: - The tax benefit is valid as long as the gain incurred from the sale of property AND the investment with bonus depreciation occur in the same calendar year. - Be careful not to let the "tax tail" wag the dog.

My parents put up most of the money for the down payment and they're crediting 10% of the rents as equity to me each month as payment for managing the property until we reach an equal equity position. 

The other tenants will see her as an equal instead of the landlord's child living for free.3.

You must haves lived in it for At Least 2 of those years which means you had to have rented it for Less than 3 of those 5 years (5 minus however long you rented it must equal 2 years or more).

Your equity equals how much “cash” you would have left after paying all debt on the property, whether it a 1st or 2nd mortgage, a lien or a heloc doesn’t matter

The equity you receive in cash will equal the same thing in a different, CASH FLOWING, property with one huge difference.