However, there was no formal agreement or contract between us regarding the ownership or any financial details related to the property.

The house is the estate of a deceased relative, and their son is the trustee of the estate.

Baselane uses Plaid to connect your existing bank and credit card accounts and you can import up to 2 years worth of data (depending on the age and type of account). 

It's a relatively small town and a lot of us run into each other as we do business. 

From my understanding the 15-18% IRR promoted by syndicators generally does not include these tax benefits either, so it is still a fair comparison.AssumptionsI had to make a few assumptions about the property and mortgage interest rate:Property value = $180,000Rent = $1680Mortgage Interest Rate = 6%I also made assumptions related to other costs such insurance, taxes, property management, maintenance, capital expenses and vacancy.

Hello all,What do folks use as lease generators and reference material for other rental-related forms?

Specifically, we'd like to understand:Liability Protection: How does each state's legal framework and case law compare in protecting our personal assets from liabilities related to the property?

Single families in relatively good shape in Cleveland are around 90-120k with 1% or better rents.

This comes with time and experience but a book that helped me tremendously (not really a sales book, though) was "Boundaries" by Henry Cloud.The most common challenges for RE Agents early relate to generating leads and focusing on income producing activity.I would consider spending 50-75% of your side-hustle time on income generating activities. 

Some lenders looks at age of the company and revenue (e.g. business line of credits) hence single LLC may be easier.