A trust transfer allows for smoother estate planning, and if inherited after their passing, the land receives a step-up in basis, reducing future capital gains tax.Each method has pros and cons depending on their estate plans and your long-term goals.

In my opinion, it’s a terrible look when someone affiliated with a property management company doesn’t pay rent—and the owner won’t step in.High Turnover Costs-My properties often required expensive turnover work, frequently due to evictions and poor tenant quality.

Congratulations on taking that big step to getting your first deal.

I do think that an investor should acquire a long-term buy and hold property if they can find them right now because Huntsville is taking all of the right steps to continue to grow. 

I'm a project manager and have a team of over 60 contractors that have all undergone a 5 step vetting process.

I am currently working on my first BRRRR and while walking through the rehab I accidentally stepped in paint then onto my hard wood floors. 

I'm curious to know how you guys go about advertising room rentals. my current tenant who rented out the whole room will be leaving and I think the next best step is to do room rentals.

Hope this is the next step for me. 

Just keep in mind that there are further steps you'll want to keep to minimize the possibility that your entity is ignored for this kind of personal liability (say, if you were the person who didn't properly clear snow, or if your finances and the LLC's are comingled).And I agree with @Chris Seveney, insurance may provide adequate protection based on what's available to you.

Next steps include analyzing deals, connecting locally, and studying financing options.Good luck!