I have someone take care of scheduling maintenance and leasing it up and rents are paid directly into the IRA .

If you’re leading it to a company be sure to have in your lease explicit information about who is responsible for what in terms of maintenance.

In addition to your down payment, plan for closing costs (around 2-5% of the purchase price) and set aside at least 3-6 months of expenses for repairs, maintenance, and vacancies.

With 0% down and 30 year amortization, your monthly debt service will be $1756.

There are also ways to go about mindset shifts if that's a serious issue, but I don't know, it sounds like you've spent time with this property, you know all about it, and you have a bunch of other stuff going on in life.For instance, you decide not to raise rent all the way to market rate....This is probably a good move if you hate maintenance calls and your tenants know to handle some maintenance themselves because they are getting a bargain deal.

Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.

are there services in NY that provide this info.. 

Make use of its features like online rent collection, maintenance requests, and tenant screening.Local Resources: Consider joining the Central Indiana Real Estate Investors Association (CIREIA).

We provide a proxy service for foreign buyers, basically your arm in Japan without having to travel or know the language.

It keeps everyone on the same page.3) The downside of using a PM who has their own maintenance company is that you might end up with larger bills as it is a profit center for them.