Many approach the homebuying process with a research-heavy mindset, wanting to weigh every option before making a commitment.

While a western WA deal might not meet some Midwest cf metric like 1%, it will be above the market cap rate or below FMV of comparibles and give you options. 

If you want to discuss bookkeeping options further, feel free to reach out!

If you are hoping that this property will stand on its own with you living in it and not having to put your active income into it, then it might not be the best option for you right now. 

Lots of loan options can close in an LLC, helocs usually need to close in your personal name.

Make sure you have that addressed just from a liability standpoint. 4) You could also look into a mid-term rental option with traveling nurses if you think the unit is truly rentable. 5) AirBnB restrictions have gotten much stricter as well in general in Chicago, so make sure you are on the right side of those if you put your unit up since you are required to register with the City.

Add a Rental Security provision to receive stock options in Lazy Dogs LLC for any upside when it goes public!

Having the info will help you weigh the options and make an informed decision.

I’m in the private lending space, so if you ever want to chat about financing options or need a second opinion on a deal, I’m happy to connect.

He told me about LLPAs and presented me with a lot of option related to them.