. $750kThis is more of an emotional project for me.

Additionally, for each existing and future Illinois investment property, I intend to:- Deed each property into separate Land Trusts.- Establish an Illinois LLC that will be taxed and will own the interests in the Land Trusts for my Illinois properties.- Set up a new management entity taxed as a C corporation, which can be fully owned by my revocable living trust.

He played on my emotions - it's easier than finding properties and dealing with tenants, PMs, etc.

We have a separate contract stating we are 50/50 owners.

Just not a space I enjoy working in.There are some good ones in Columbia, but it's hard to separate the wheat from the chaff.

Emotional purchases are bad investments.

It is tough to go through the whiffs on these contracts, but I am understanding this is part of the process and need to really get my emotions out of it. 

You can create separate projects for property searches, renovations, and goals, and then break those down into tasks with deadlines.

You’ve got the right idea when it comes to liability protection and separating the income for tax purposes, but there are a few things to consider with the "due on sale" clause.When it comes to paying the down payment, it’s perfectly fine to use your personal account to cover it since you’re personally guaranteeing the loan anyway.

Not unless you have them as two separate things-they pay rent like all of the other tenants and are treated the same way and you then pay them separately for the work they do.