However, transferring a mortgaged property to an LLC could trigger a due-on-sale clause, so consult your lender before doing so.While an LLC does not save taxes, it can make audits more straightforward and help present your rental as a business and you can combine all the hours from multiple STRS into one to meet the MP requirements.

We meet twice a month: once to vet a passive investment together, and once to bring in an outside expert to present on their area of expertise. 

Here is a presentation I made describing the benefit of doing such vs a regular investment.

They have a present value of around 10% of whatever you put into them...Melanie:I was responding to the original post. 

Being young will present challenges in a field where experience is highly valued not just with lenders.

The city board of adjustment meeting was held today and we presented our case and explained that we made huge investments into the home to remodel and furnish it with the belief that we would be able to operate it as an STR since we had an approved permit.The Board denied my request and did not take any responsibility. 

All our data was well-organized and cleanly presented (no dropping off boxes of unorganized documents in their lap).  

We are looking to invest in whatever opportunities present.

Places like San Antonio might present more favorable cap rates, from what I read in Forbes recently.Refinancing could free up equity if today’s loan terms are more attrative, though that depends on current interest rates and the property’s updated value.

It could vary of course depending on the defenses of the tenant and if the court is presently backlogged.