That means we have to come up with an extra 1% cash to pay our agent if we want to purchase one of those properties.

On the other hand, if you want something simpler or closer to home, a single-family home might work better.Since you need more space for your growing family, consider looking for properties that offer both extra room and good investment potential.

Issues like contractor delays, supply shortages, or unforeseen repairs can extend your timeline, which adds to your holding costs (mortgage, utilities, etc.).Tip: Factor in extra time for delays and have a backup plan to stay on track.Over-Renovating: Many new investors fall into the trap of over-improving a property, especially when they try to bring in their own taste.

You probably don't NEED a CPA or lawyer for help getting an LLC, but if it's your first time the extra money to know it was done correctly probably doesn't hurt if you can spare it.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

There are no extra tax benefits with an LLC, as it's typically a pass-through or disregarded entity.

But then raise their rent an extra $50/month for this at their next lease renewal.

The extra half a cent per name is for them to scrub against the DNC. 

What would the monthly cashflow be if you left the extra $15k in the property?

My current mortgage rate is not super high and I have extra income that I am currently putting toward extra payments.