.: But how do I access the funds or profit of LLC for personals use without "commingle business and personal funds" You maintain two accounts, one business and one personal.

Hello all,I'm seeking advice on achieving a higher ROI in real estate investments beyond the 1% rule and maintaining around 35% of monthly operational expenses (including Cap-ex, maintenance, property tax, and vacancy).To the best of my knowledge and abilities, the 1% rule with 35% operational expenses seems to be the best I can achieve today.

The PM is going to manage the property long-term, so they want to ensure you buy something that is in demand, we maintained, in a good neighborhood, etc.

Hi Maria,When flipping properties, cutting costs on materials can significantly boost your profit margins, however, you always want to maintain a minimum quality so my first advise on how to spend less is to plan the rehab in a way that optimizes the value return you're getting.

Even for a well-maintained SFR I would personally think more like $300-400/month, but a house with 17 people living in it there's going to be way more wear and tear.

This means we have to maintain the aesthetic/character of the structure.

In future deals, I would opt for financing to maintain liquidity and maximize my investment potential across multiple properties.

You CANNOT depreciate the house if it’s for personal use, ONLY if it’s a rental use.So I can still depreciate the house, write off items I buy to furnish the home, maintain the home, and any costs associated with running it as an AirBnB when I am not using it for personal use?  

However the owner had failed to maintain rental licenses on each for the past 9 years.

This larger downpayment would require me to liquidate stocks which I am not too keen of doing at the moment.As an active listener of the BiggerPockets podcast, I'm well aware that midwest markets like Indianapolis, Cleveland, etc. are the "top" markets these days in terms of current growth + affordability.