I recently found a wholesaler who presented a sub to wrap around through a Facebook page in my home town-which is what I prefer due to the proximity to my primary residence.

Also, as mentioned by others a double security deposit could be better, but we do get residents who move out who think they can use their deposit to pay their last month's rent even though our lease doesn't allow for that.

Turns out Cleveland is even better than Cincinnati the way they do it by separating classes of tax on residence, employment and business (rental).

It might be different if it was a primary residence but with renters the wear and tear will be much greater and any small issues magnified.

Property was originally a small hotdog building, residence and floral shop on a hard corner of Lake Mead Parkway, Henderson, NV 89015.

The issue for you is you (or your wife) now may have two insurance carriers fighting over who will pick up coverage (assuming your intermediary LLC has appropriate insurance) or if it does not, your property insurance carrier may try to get out of coverage because of your slick deception tactic of using an alter ego which is the last thing you would want.Just  yesterday another BP forum poster wanted advice on a similar strategy when leasing a rental cottage on the same lot as their residence.

My clients are focusing on medical districts for traveling nurses/residents - near Nationwide.

Get a cost seg study done.Once you convert your primary residence into a rental, you can get a new cost seg study done and take bonus depreciation to offset the new rental income.5.

Investment Info:Single-family residence buy & hold investment.

The massive influx of full-time residents to our market in the last 5 years has led to a shortage of affordable housing for renters.