You might find mentors or partners who can help you navigate your first deals.Analyze Deals Thoroughly: Make sure to run the numbers carefully on potential investments.

Any year I do this in the future there is a 2 year look back for health care cost.

Be very careful about assuming you'll be able to do a mortgage recast.

I was told they take care of everything when setting up LLC.

Read the listing agreement carefully - you will be required to sign it in every state.7.

They require almost zero labor and don’t care if you breaker box is full or at it’s amperage limit.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I recently just added her to my credit so she can get a little boost in her score to help more with the process and yes with the low down payment I don't expect to live rent free but one can dream for now all I care about is owning the property cashflow will come later.

@Becky Hoffman If one member of the LLC does not care to have any claim to the property as you describe why can't the partner merely be removed from the LLC.

You may have to do month-to-month leases.Regarding the basement, most cities really don't care if the homeowner chooses to live in the basement.