Realize also you have ongoing costs for each LLC that you set up, Yearly resident agent fees, possibly fees to have your meeting minutes prepared on a yearly basis, Tax preparation fees for each LLC Shell, and You're 1040, etc...

I say them so that you can be better prepared to deal with reality.

Be prepared for the challenges of managing a property from a distance.Good luck!

Stay prepared, stay resilient, and always keep your eyes on the bigger picture.

Just prepare the lease for them to sign but I suggest you include a paragraph apprising them of the redemption period and that they will not hold you responsible if redeemed and evicted. 

When I prepare my tax returns (as a tax professional) I don't charge myself for them and then report the income.

Either way, I'd love to connect and hear about what you're finding as you prepare to do your first deal!

Prepare a feast with loved ones in the well stocked kitchen but most importantly, make lasting memories in this lovely home.

She can successfully rent her home and make the most of her time away with some preparation.

They try to save $250 on an attorney by preparing their own deed9.