The place was painted just before we moved in. I

Of the home I do not live in, I would like to create an LLC and get transfer the home from the mortgage under my personal name into the LLC with the intention of later selling the home with a 1031 exchange to purchase a larger investment property.

So I am currently going into my sophomore year of college and I have realized the crucial time of my life that I am in. I

I would try to meet with other people in the market you want to invest in, I don't think the question is as simple as cash flow.

The quandary I am in is that most of the money that the properties produce goes out the door to pay the expenses (mortgage, maintenance, capex, vacancy, insurance, PM fees, utilities, taxes etc).

If you don't mind my asking, which neighborhood did you buy in? I

Florida is a great place to be invested in, I am very excited about the growth that has been coming into the Florida economy specifically in South Florida.

It's not a smokin deal, but I think the seller carry back is enticing for people as there's not as high of a buy in. I

(reasons to file multiple - property is located in a different state or you work in a state other than the one you live in)Is the LLC a disregarded entity or does it require the filing of a partnership return?

I think "just jump right in" is stupid advice.