Tenant covenants and agrees to pay interest at the maximum lawful rate or eighteen percent (18%) interest, whichever is less, compounded annually, on all unpaid Rent, damages, and other amounts owed by Tenant, excluding late fees, from that date of Landlord’s final accounting until such time Tenant pays all such outstanding amounts.

The rates will be lower and will allow you to maximize profits.

However if you had done a warranty deed (or a special warranty deed if you still have a mortgage on it) instead, your LLC has a claim against you for the issue on the title, and you in turn can go back to your initial title insurance to fix it.Some title insurance will allow to transfer the coverage to an LLC that you own 100%, but not all of them do or they may require an additional fee.

If you have large debt with a high interest rate, I would consider paying that off before getting started investing in real estate. 

In my experience, tenants that remain in place for 5+ years are almost always behind market rates.

As you begin you REI journey here is a piece of advicecheck out this website for a great over view of a city https://www.areavibes.com/This website gives you a total livability score and you can see things like crime rate, housing, walking score and more.Best of luck!

You want an investment that pays for itself, including mortgage, taxes, insurance, maintenance, and even some money set aside for a reserve to cover vacancies and capital expenditures.

There are a few seller financed deals on the MLS. 10% down with 10% interest rate over 30 years.I do have a question.

You should always talk to a mortgage broker or bank first to find how much you qualify for before starting the investor journey.

Stating that they are using the mortgage of the investment property as a reason because it would put me above their threshold.