We have one rental property now in our home state (Colorado).... and our purchase in Ohio will be with a conventional loan.So it's sounding like we will do this purchase without an LLC formation... it doesn't make sense right now.As we build a portfolio, it may make more sense to do so, but it's sounding like -- from advice here -- it may not be necessary (or be of much use tax-wise).Thank you!

Sounds like a great investment.

It sounds like you have a smaller place so you might not have the room.The LG stack washer has gotten good reviews - https://blog.yaleappliance.com/should-you-buy-the-lg-washtow...

It sounds like you may want to sell.

.: Quote from @Chris Seveney: @Dana YobstBlows my mind how he is out there still teaching classes and going on as nothing happened but it sounds like these debts are not getting substantially paid down.As many of us know, one of the main reasons he's able to continue on is with the help of this other self proclaimed criminal https://weclosenotes.com/ep-nc-03-protecting-yourself-using-a-corporate-veil-with-aaron-young-from-laughlin-associates/ Using a remote entity to limit liability is a life blood of insuring investment into all types of job creating, life saving and life improving business development.  

At face value, it sounds like you believe that some of the operators of MFH that have purchased in the last 18-24 months may have to cut losses next year providing new investors a much better deal.No.....

Sounds like you are throwing money away.   

No other state allows RE Brokers to do loans.. sounds like some confusion on RE broker and Mortgage Broker.

Plumbers should be close to $100 an hour and this sounds like four man-hours, maximum.

Sounds like this is going to be a great cash flowing asset.