If you are going to own the property in your name and have the LLC do the management (collect rent, pay bills, maintenance), then that will be considered ordinary trade or business income and subject to SE tax.You would want an S-corp to do that.

(Yes, I realize you didn't ask us to analyze the property per se, but you asked for a reasonable offer price, which is absolutely tied to what will make the property a good deal, which of course requires analysis.)Bottom line, if you are absolutely convinced that it is a good deal at 1.4M, then take it at 1.4M.Originally posted by "littleivy":I have lived here a long time and have seen my home increase in value from 275K to 1M in the 13 years since we bought it....and our first home, which we kept as a rental, has increased from the 195K that we bought it to being worth about 850K+.I also won the lottery the last time I played, so I figure I'll be a shoe-in for the next time I buy a ticket.Have you seen this graph?

In the SW Ohio area (Dayton, Cinci, SE Indiana, NKY)The wife and I are accidental REIs.

I don't think there is a formula per se for what you are asking.

The house is in Minnesota in a little SE town called Rollingstone.

Mostly from around SE PA but maybe further up or down the travel corridor.

There wasn't garbage, per se, just endless items mainly bought at clearances and such.

After about two months have gone by we talk and said lets se if we can find a good tennent and see what happens.

So yeah, not a lot of scientific research per se, we just knew that the market there made a lot of sense and that things were definitely starting to improve there.

Through this site - I'm hoping to build my network of contacts, find additional team members, find investment opportunities, learn tips / tricks, pick brains, continue my education, and at some point share and lessons learned I might have to offer.My initial focus will be residential (single or multi-family) - rehab projects or motivated sellers in my more immediate area - eventually expanding to areas I'm familiar with in Baltimore City, SE Pennsylvania and Newark DE.ThanksVaughn