I'm Jessica, born and raised in Rochester, NY, where I enjoyed playing soccer and lacrosse.

I'm playing with the idea of the Murphy bed cabinet with two accent chairs.

Tenant screening also plays a big role in keeping things smooth.Are you buying locally or out of state?

Businesses with tons of cash: bars, check cashing, payday lenders, casinos, car washes, vending etc.Then the return's contents are analyzed using the Discriminate Function standards.

Investors think in numbers, exit strategies, and long-term plays, while homebuyers think in emotion and monthly payments.What are some of the biggest differences you’ve noticed when working with or transitioning into real estate investing?

They want to pay based on what you're actually making.But I also believe that the square footage of the cabin plays a big part too.

Our current focus is for a family lakehouse / lifestyle play here in TN but would like to work my way into commercial properties, short-term rental facilities, business acquisitions to name a few.

That doesn't bother me, as I am playing the long game.I could easily sell the rest right now and make a handsome profit, but then my income is gone and I have to replace it.

The fact that you evaluated whether to sell or do a cash-out refi shows you’re playing a long game and keeping your options open.

Hopefully someone with tax accounting knowledge can jump in here with more detailed analysis, but I looked at this a bit several years ago...1) You still have to pay the depreciation recapture on the sale decreasing the net benefit of this approach due to the large tax payment in the 'sale' year2) The LLC would need to not be a passthrough entity so that it can be taxed separately from you, so you have to add another tax return cost for the years going ahead3) Taxing it separately from you likely means corporate status and corp. taxation rates which are higher than yours and I've heard many times over the years to avoid titling real property as a corp...Overall from what I've seen this only makes sense in a select few scenarios, which for most people aren't in play.