For example, if the owner of the LLC is an individual, the LLC's income and expenses would be reported on the following schedules filed with the owner's Form 1040:Schedule C, Profit or Loss from Business (Sole Proprietorship);Schedule C-EZ, Net Profit From Business (Sole Proprietorship);Schedule E, Supplemental Income and Loss; orSchedule F, Profit or Loss From Farming.

You can supplement this with an umbrella policy that covers you on the back end for any non property related losses such as a car accident.

Mello Roos Disclosure/supplemental property tax 7.

If you have a job then I'd use that to supplement and pay for personal expenses.

This will allow you to diversify your portfolio with an uncorrelated income-producing asset to supplement your rental property cashflow.Good luck with the rollover and investment process.

Bear in mind that early repayment penalties can throw a wrench in the plan, so check you T&Cs with your lender before you pull the trigger - but my point is that the longer the mortgage term, the more cash flow you have and, whether you need it now or not, it can be a powerful tool for either supplementing your W2 or growing your REI portfolio at an accelerated rate.Best of luck!

My goal is to make my first multifamily purchase by November 1.I'd like any opinions on whether or not "graduates" of the course feel they need any supplemental education or experience to get them ready to make their first multifamily purchase. 

If we need to pay $3-5/sf to supplement a small amount, we're still ahead.

Per my argument above, they will not be supplemented by massive numbers of young people coming into the area from far away, a national draw.

I've been trying to think of ways to finance deals after cash reserves are depleted so that I can scale this business up and acquire more investment properties to supplement my family's expenses for years to come.