To thrive in real estate investing, you must maintain a firm grip on your finances.

You can plan to convert to a LTR as a backup or if you’re starting out only buy where you’d ultimately want and could afford to maintain as your personal vacation home if needed. 

.: But how do I access the funds or profit of LLC for personals use without "commingle business and personal funds" You maintain two accounts, one business and one personal.

Hello all,I'm seeking advice on achieving a higher ROI in real estate investments beyond the 1% rule and maintaining around 35% of monthly operational expenses (including Cap-ex, maintenance, property tax, and vacancy).To the best of my knowledge and abilities, the 1% rule with 35% operational expenses seems to be the best I can achieve today.

Hi Maria,When flipping properties, cutting costs on materials can significantly boost your profit margins, however, you always want to maintain a minimum quality so my first advise on how to spend less is to plan the rehab in a way that optimizes the value return you're getting.

Even for a well-maintained SFR I would personally think more like $300-400/month, but a house with 17 people living in it there's going to be way more wear and tear.

This means we have to maintain the aesthetic/character of the structure.

In future deals, I would opt for financing to maintain liquidity and maximize my investment potential across multiple properties.

You CANNOT depreciate the house if it’s for personal use, ONLY if it’s a rental use.So I can still depreciate the house, write off items I buy to furnish the home, maintain the home, and any costs associated with running it as an AirBnB when I am not using it for personal use?  

However the owner had failed to maintain rental licenses on each for the past 9 years.