Determine what price you can pay for the property.

@Kevin Connauton, I agree with you that although Pad Split is a great choice for getting the rooms filled, they don't cover all your bases in terms of property management.

Planning to sell my property in vegas, just wanted a second opinion on if these are typical, fair costs in today's market.

My husband and I are starting out and have created an LLC with an inherited single family property.

Hello,I am interested in purchasing a recently renovated $195K property as a 'secondary' home for the next 4 years to use as a future LTR.

As a contractor and cabinet maker it made much more sense financially to purchase a home with a rental unit and manage the property myself.

If you decide to sell and find an investment property with a greater cash flow potential.A 1031 exchange would allow you to indefinitely all of the tax and use it to your advantage to reinvest into larger nicer property/properties.

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

Just make sure the management part is taken care of.

Which is better way to legally structure the properties for protecting assets against tenant lawsuits.