Hi BP community, My tenant, who lives in a two-story, newer construction SFH complained of a water leakage in the bottom floor kitchen ceiling (through the LED lights).

Hello community,I have researching on benefits of long-term rental, and a bit stuck on requirements to be full time real estate professional (the 700 hours) if one has to be able to take tax advantages.

Since this is something that is best done with a team of experts that know a lot more than I do I am putting this request with help from the bigger pockets community to get me started on my road to success. 

What would your do to figure a proforma that supports and offer for a profitable property?

Quote from @Hector Romero: Hello all, I am new to the community as well as being the lead in real estate investments.My sister and I currently hold 3 properties next to each other in Riverside County, California (we'd like to get them in an LLC but we're unsure how that may affect financing them).

It’s great to see this REI community growing, and I’m looking forward to learn from you and also share my experiences with you!

Thank you in advance to a great community!

The BiggerPockets community has excellent book recommendations, such as The Book on Rental Property Investing by Brandon Turner.

Looking forward to learning and contributing to the community.

Hey Samuel, welcome to the BP community!