In this instance, I'll borrow $80,000 and pay back $88,000.

Keep in mind, the transactional costs of selling a property in Philadelphia with the high transfer taxes and brokerage fees (althoug these are expected to be reduced in light of the landmark NAR settlement that occurred yesterday), adds additional transactional costs, especially in instances where the home was purchased as recently as last year as is the case with your home.

Thank you banks will not come to collect, but transferring from personal to LLC typical is a false sense of security from liability as in most instances it is not done properly.

In both instances, the two years don't have to be consecutive.

I'm a little older than you, but I have seen only a couple of instances (out of so many) where the kid came out of college and actually used their degree for anything remotely productive.

For instance, FHA loans frequently permit smaller down payments for multifamily buildings, increasing accessibility for owner-occupiers.Examine the Cape Girardeau, Missouri, local real estate market.

If I want to dabble I will go into an office REIT: high liquidity, low entry cost.But let's look at multifamily, for instance.  

For instance, how did you learn how to identify class-A locations?

For instance if he says $20,000 in repairs I’m not that worried and will offer close to where I figured I could offer based on income and expenses.

For instance, with a conservative estimate of 1 month of vacancy per year and 1% of the property value in annual maintenance costs, you could be looking at an additional $2,000+ in costs annually, not to mention the effort and time involved in managing these issues from afar.With all that said, real estate is worth the effort but not all deals are created equal.