It's very unlikely that you will have a claim or judgement that large and you won't incur the LLC overhead.

Hey Joe, Having a large number of rental properties and installment sales can certainly make your tax return voluminous, but as long as you're maintaining accurate records, filing everything correctly, and reporting all income, the size of your return itself is not necessarily an audit trigger.

I am currently in operations for a large corporate investment bank, which pays the bills, but I am looking to build wealth using real estate.

Basically you need to be able to pay a large part of a long-term (multi-year) lease up-front, then still have some cash for renovation and interior/furniture, to finally recoup the investment through STR and a hopefully very quick way.

Since you said you haven't bought your second property due to "risk averseness, lack of capital and analysis paralysis", then I would go with the fewer paid off properties approach.Paid off properties are risk averse because of the large amount of equity and cash flow.

Oakland in general has large demand for LTR, especially in the family-friendly neighborhoods, so I wouldn't be surprised if you are already seeing many applicants on day 1.

Of course, this is just my opinion but I bet I'm not alone..If I'm an investor, I think the returns you're able to achieve in Costa Rica are higher than normal because you focus on these large properties and, as @Martin D. mentioned, prices in that country are too high and returns too low.

These agents have access to a large inventory of bank-owned properties and can provide valuable insights into the local market.If you follow these steps, you'll be well on your way to successfully fixing and flipping REO properties.

OP  Stuart is highly experienced in Philly I would listen to what he has to say as well as Chris.this is pretty standard from what I see in big cities.. its why i will no longer build in the City of Portland.. every building permit application comes back with a check sheet EVERYONE its standard procedure i think for these large municipalities..

A large tree fell during the storm last week and took the stairs out so the tenant has no way to access the unit until we can fix the power lines and remove the tree which we're working on.