Without that you start competing with the luxury complexes catering to students sprouting up along the bus routes.The good news is that if you choose to sell you have three distinct target markets: rich parents buying for their kids, college rental investors, and regular homeowners including the college faculty/staff.

That's an important distinction to understand when checking out educators.

Hi John,unfortunately, a LLC doesn't save you from paperwork - quite the contrary.You still need all your receipts to substantiate your expenses to the IRS (if it comes to defending an audit).You definitely want to have separate accounts to show that the LLC is indeed a distinct entity and you definitely do not want to mix your and the LLC moneys.Mixing personal and business funds more or less automatically kills the point and benefit of the LLC since it needs to documented as a separate, business entity.There's a ton of LLC related discussions on BP, plus I found the NOLO books on dealing with Tax for Landlords to be outstanding.You have plenty of time to ramp up on this aspect.Get a bunch more rentals under your belt to build up your net worth.

These are very important distinctions and you need to be clear on them.

(I don't know the Houston Area, but here in the Detroit Area, that is definitely an important distinction.)

I should clarify, it's not that I don't necessarily think it's worth it - but once any product (software or otherwise) gets into the $1000 + initial cost, I get the distinct impression that they are actually taking advantage of users instead of trying to sell a product they will find useful.

I have also had the distinct honor of meeting Josh and his family here in Denver.

I was fortunate to have found a person who is an active investor (Buy and Hold) with years of experience who was willing to take me under his wing.I would not compare the two like someone else mentioned, they are two distinctly different types of investment vehicles.

When you go to make the loan, you should inform the lender that the mailing addresses for the two units are A and B, so that they become aware that there are distinct mailing addresses.

Is there some sort of distinction that I am missing that separates us as investors from a dealer?