Purchase price: $1,900,000 Cash invested: $900,000 The 1.64-acre tract at 150-190 Hanes Mill Court is across from Walmart and many major retailers located off of a many thoroughfare .

This means that to benefit from the separation between my personal assets and the company’s assets, I need to establish the LLC in New York State.However, I’ve found that the start-up costs and procedures for opening an LLC in New York State are significantly higher and more complex compared to other states (such as the requirement to advertise in several newspapers for an extended period).

I am wiling to help someone new navigate the complexities of a real estate transaction. 

For example, certain electrical outlets that are dedicated to equipment such as appliances or computers should be depreciated over 5 years.Benefits of Residential Cost Segregation Although the cost segregation process may appear complex, the benefits of conducting a cost segregation study on residential rental property are both practical and significant.

You may be able to go through online court cases to see what names popup over and over again.

I'm an equity partner on four different apartment complexes and have learned a lot from talking with and observing the lead investor (i.e. syndicator) about raising capital and investor relations by being in those deals.If you are fortunate enough to find a mentor, it would be wise to find someone with integrity, who has multiple SUCCESSFUL deals under their belt and believes in consistent and clear communication with their investors. 

I'm still in court with the previous owner.

Does this involve any complexity on the mortgage side?

It's possible the first letter or summons will slap your tenant quickly into compliance, or you may go all the way to court/judgement/sheriff removal. 

The condo was listed lower than others in the same complex of similar quality and much lower than units that had been fully renovated.