Yes, Reno, NV (click on the first link) and a lot of other areas on the West Coast. 

That ensures you don't spend it on other things and know exactly how much you have to spend on the next purchase.

I already have an investment analysis workbook built that tells me everything I need to know to make a purchase decision, NOI, COC, ROI, and if the property will achieve the appropriate coverage ratio to be funded. 

Does the LLC legally own the property that was purchased? 

Any advice or recommendations on where to purchase a long term property for rent are appreciated!

However, due to keep purchasing real estate, my DTI is high and close to 50%.

Understanding the true material costs is important and I urge investors to get a good grasp of this before agreeing to labor only bids where they are responsible for purchasing materials.  

I am wondering for those who have an LLC for their rental properties if they are purchasing properties with the LLC or if they are purchasing under their name and then transferring to the LLC?

@James Boreno You’ll likely owe taxes, but don’t forget to account for your adjusted cost basis, which factors in the original purchase price, depreciation over 10 years, and any capital improvements.

Once I was deployed on a submarine in the North Atlantic and they helped my wife with a 1031 exchange on the sale of a home and purchase of 2 other properties.