But if you can buy cash, this will be have an appreciation bonanza and not so long in the future.

The only thing is that once we mobilize, and those scumbags know that we have their number and that they can't bs us anymore, they will behave whether they want to or not.

I would think the most equitable thing to do would be have the landlord put utilities in his/her name and then split them between you and the other tenant.

I know of one person that is "suppose" to be having success.

Its clear a two unit can be have lower expenses than 50%, I think 40% is a good mark.

Even if I didn't have an LLC I'd be having a separate bank account to keep personal funds separate from business funds.

Tom,Since you will not be having a lot of transactions, but will have expenses to pay, etc., you will want a TPA who has no per transaction fees such as Equity Trust Company.As to using leverage, you certainly can do that but will need a non-recourse loan and almost all of them will require an absolute minimum of 35% down, and I would venture to guess more for condos.

Other more important benefits to me would be having a solid foundation of how a RE transaction really works, the ability to get direct MLS access, a network of fellow agents to share information, and also not having to call a realtor to schedule a viewing every time I'd like to see a property.

Under the old regime, and it seems to be true of the new regime, UI properties behave a little differently than IN or IE property.

Uh oh, this is a good point that the dog must be behaved when the owner(s) are not home and not go into attack mode if someone enters the home.