I have currently been looking at the MacBook Air for its light weight and ecosystem with my other Apple devices.

Big words like strategy and new niche bear no weight if not backed up with knowledge. ok yes you need a HML loan ok there are plenty of HML in Texas whats the question?  

It sounds like the weight of the island is adding load to the joists in the floor causing the slope.

If the guys on top (lenders, insurance companies, utilities, etc.) alleviate some weight off of us, then it makes sense to chip in as a collective unit to help out our tenants.

The main calculation is easy to understand but how to get the PV of the loan is the challenge because you have to determine the discount rate to use which is basically the interpolated treasury yield of the Weighted Average life of the loan (including balloon payments and weight average principal payments).

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.This article goes into a lot of the considerations about whether to form an LLC or not: https://www.mmpph.com/wp-content/uploads/2019/04/May-2019-newsletter.pdfCreating an LLC in California would cost you a minimum tax of $800 every year.

Even if doing replacement of some big ticket items upfront I would still budget a minimum of 5% for each of them especially on a higher end property such as this that requires good upkeep. 4 of the main benefits of a buy and hold property are below and just because you are not getting all of them in the same property does not mean that particular property is a bad deal, but for a property of this value it is too expensive for the relative returns provided.- Cash Flow- Appreciation- Principle Pay Down- Tax Benefits

@Minka ShaI’m not sure why you would want to keep this. 1: You are already- $500 a month or -6000 a year in cash flow. 2: you are forgetting the 10% of the rent usually goes to upkeep/repair and your time.

I just wanted to make sure you know there was another acceptable approach (with lower valued properties if that is what you are doing) in lieu of using LLC's.If you are flipping however, i personally would recommend a LLC to insulate you and your other assets from the liability, which after a several homes really adds up.  Keep

Some thoughts on pros and cons - The pros are that condos are usually lower cost than SFH , you really don't have to worry too much about upkeep because most areas outside the 4 walls are taken care by the HOA , and the benefits that come with a community - pools, other amenities etc.The con's really are around the HOA.