Still, there has to be a shared motivation to grow financially and a shared understanding of the risks involved with the particular investments you are looking at.This should be obvious, but I know from talking to investors for over 30 years that it's not.It's very difficult to be a successful real estate investor if your spouse or partner is not on board.

.- NOTE: FB Marketplace is difficult due to their strict policies (they really do NOT want PMCs advertising there)Test the PMC PROCESSES!

A real estate professional can use real estate losses to offset W-2 or other income, but you would need to meet both the:1.750-hour rule – You must spend at least 750 hours per year in real estate activities.2.50% rule – More than 50% of your working time must be spent on real estate.Since both of you have W-2 jobs, it might be difficult to meet these requirements unless one of you dedicates significant time to real estate.Another option could be buying multiple rental properties.

It turns their negative review into an opportunity to educate the public on how we deal with difficult customers, which reflects well on us.

AND its some what difficult to buy a list of preforeclosures and get any  campaign to them since they are on a 4 week cycle till the auction. 

I'm in CT, which is also a difficult place to be a landlord (although I talked to an investor here and he likes CT, so it's all perspective really). 

Real estate is a difficult to implement, but simple to understand business.

However, if the LLC is purchased, that purchase is NOT a recorded document, and hence more difficult for a lender to ascertain, as long as the warranty deed itself is not transferred and recorded. 

It’s far more difficult to form the HOA, obtain the approvals and new tax ID’s than it is to extinguish the existing one and would advise against it. 

My mom has poor credit and about $30k in revolving debt, so it would be difficult for her to qualify alone.We would both prefer to hold the property, but the risk of tight cash reserves is concerning, especially if the rehab costs exceed our budget.Legal ConsiderationsIf we decide to proceed, we’re also weighing how to best structure this deal:LLC and DSCR: Would it be better to put both of us into an LLC and use it to apply for a DSCR loan?