I both personally invest in real estate and help others gets started/expand their portfolios in various Midwest/midsouth markets.What I do with my kids: My wife and I have 2 of our rentals that are on the same street, with a home in between them.

I love the cities that are like an hour outside of major metros, more affordable but still get some of the sprawling growth.

I can just say I only paint the wall with my friend and paint the floor and paint kitchen cabinate.

@Robel Nessro We've worked with many service men and women using this strategy.

Every adult must be screened and approved, period.Here's a detailed guide on how to screen applicants: Application Screening Guide

issued guidance saying that you can use LLCs if you get approved to do so.

This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

A refinance into an LLC avoids this risk but typically requires a commercial loan with higher rates and stricter terms.If asset protection is the main goal, umbrella insurance may suffice without disrupting financing.

.: I would focus more on how good of a deal it was vs how little it cost.

More growth and the rust belt is still not doing great economically.