@Daniel E., my guess is, renting out your primary would not cover all your $237k mortgage and its other expenses, right?

Hi @Joe E.! 

I own an e commerce company and my wife stays home so I figure I could use my expertise and her time, plus my fathers mls capabilities to continue the revenue stream and grow it.

@Brett Grabowski, If all of those single member LLCs have elected to be taxed as sole proprietors and do not file their own tax returns and all activity of the real estate is reported on your own Sched E then you are actually the tax payer for all. 

@Brett Grabowski, If all of those single member LLCs have elected to be taxed as sole proprietors and do not file their own tax returns and all activity of the real estate is reported on your own Sched E then you are actually the tax payer for all.

Taxes attributed to rental properties are reported on Schedule E or Form 8825 for an entity.

High cash flow  ( I E identified as cash flow with 20% down )  as we know everything cash flows if you pay cash.and high appreciation rarely go together.. and % appreciation  you have to be careful with.. some folks can say hey my market appreciated 50% last year or last 5 years but the house went from 20k to 30k.. that's 50%  or you can buy in SF for 1 million and those appreciated 50% and went from 1 mil to the current 1.6 mil median SF home price.. trying to find this unicorn will cause some paralysis on your end if you get to literal about it.if your going out of state  AS @Brian Ploszay stated the people working for you in the market place are NUMBER 1 concern.. stats don't matter if you PM is not working right or your units get trashed  or what have you.

Best regards,Luke E.

Than Merrill - Host on A&E’s “Flip This House”.5.  

Because of the images I am getting allot of inquiries. 77 e-mails about the place in 5 days.