Hardwoods are beautiful if well maintained, but I have yet to meet a tenant who really cares about the maintenance aspect of wood floors.

I originally bought this 40 unit apartment complex in 2021 in Nw huntsville, Alabama and since then we've maintained a sub 10% vacancy rate year over year.

Consider starting with a smaller investment in the new market while maintaining your El Paso holdings.

This is typically a requirement for maintaining good standing.Record Keeping: Maintain meticulous records for each LLC, including operating agreements, minutes of meetings, and financial records.You should probably consult with a CPA or attorney just to make sure you meet all compliance guidelines.

This proactive approach helps maintain the property’s value and keeps tenants happy.Informed Decision-Making: When you have a good grasp of how things work, you’re better equipped to evaluate the quality and necessity of work done by contractors.

This prevents me from purchasing and maintaining bikes & golf carts so I see it as a way to save money and give guests a better experience. 

You will still end up paying the current rate, but you will maintain your prop 13 discount.  

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

This shocking truth opened my eyes to the importance of maintaining an accurate and up-to-date financial statement to secure financing.To navigate the world of real estate financing, it's essential to recognize market preferences and loan-to-value (LTV) restrictions.

As a mortgage officer, I can assist you in understanding loan products that suit your investment goals, such as conventional loans, FHA loans, or portfolio loans.Property Management for Self-Owned Properties: Leverage your management skills to maintain high occupancy rates and maximize ROI on your investments.I am a loan officer licensed in NC, feel free to reach out if you have any questions or need assistance with financing options.