You can transfer the rental to an LLC after the purchase, though this may trigger the due-on-sale clause, so check with your lender.This post does not create a CPA-Client relationship.

We got the entire overage as the payoff on the loan was over $100,000To those reading this who are newer to the space - this is extremely rare and does not happen often and probably for many will never happen.

I've been looking at single family home prices and rental prices in Austin TX and its suburban areas, and it feels like it's extremely unrealistic to find something that passes the 2% rule.

I understand dead money but with high interest rates and putting minimal money down or re-fying leaving 80% LTV the margins on SFR's is extremely tight. 

I would say its extremely important to have a quick (like 60 second elevator pitch) for why you want to enter the business and what returns you are looking to get. 

Nobody talks about headache factor or the stress from the extremes of RE enough in my opinion. 

These days homes can be extremely expensive and I'm not going to spend my hard earned money to settle for a home that has all these funky changes.   

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Orlando is very competitive, therefore you have to provide an extremely clean, themed out home with close proximity to the parks in a community that also offers great resort amenities. 

I was also appreciative of Dave’s patience and exacting answers to any questions and was clear to me he has more than perfected his craft.The title company had a portal that collected all the documents and laid everything out in phases that I could log in at any time to see progress.As one who is extremely organized I felt I was in a safe space and knew any issues would be addressed.