The important thing to remember is that LLCs can employ staff members and pay payroll taxes in accordance with that.Hi Jay, I am using a separate LLC for record keeping and management activities.

I have recouped my initial investment on each and will refinance soon.I recently just purchased a SFR using a conventional loan and I’m bringing home $665 per month after all expenses paid Everyone has their own preferences and each market will dictate said preferences.That said going forward , in my market, I will be looking for at least $650/month on every deal or I will pass it up and continue to look.Be patient and when the time is right you will know Good Luck

One thing that has really saved me hours of time is using a property management software.

His quote hands off (using a GC and having all work done by contractors) was $110k (over 4 years ago, it would be more now).  

We've been using a proprietary tool (an Excel) that we created about 15 years ago.

As far as seasonality, you should be using a 1 year lease, regardless of how long they stay.

Is there anything that would prevent me from refinancing using a vacation home loan now? 

My in laws lost their entire retirement savings because their underwriting was too aggressive and they bought several properties most of which ended up with negative cash flow.I am not against refinancing or using a HELOC to buy a property, but The market right now is a property will give you close to zero cash flow (80% down) then you’ll need to come up with another $750 a month to pay down the HELOC and come up with probably another 5-10k in reserves in case the furnace breaks or tenants trash your house or…   Without knowing your financially situation, You are probably better off getting a second job for a year or two to save up for a downpayment then using a Heloc.

My property manager immediately began the eviction process using a highly reputable eviction service.

I understand the risks, regarding the method of using a loan to get a loan, but was told that Hard Money will overlook that if the deal lines up.