I’d like to increase my cash flow and one thought is selling them on a wrap.My current P&I payment is $280/month with 25 years left on my mortgage.If I do a wrap at 30 years, 7% the P&I payment would be around 980, giving me $700/month of cash flow and no other costs.Sounds simple, but the devil is in the details.

There are some ways to ensure you never get questioned and its fairly simple.

While simple enough in concept, it is actually pretty sophisticated investing with a lot of twists and turns.

Simple answer, yes these are all normal things to utilize.However, as to how they are used - that will depend entirely on where you are going and what you are trying to accomplish.For tax purposes, given it is generally a bad idea to use an S-Corp or C-Corp for holding real estate, any other tax structure will have absolutely no difference from one another - IE an LLC taxed as a partnership, an LLC wholly owned by you and disregarded for tax purposes, owning directly, or owning through a revocable trust - all of these have the exact same tax result at the end of the day.

You could write a simple statement and have all parties sign and date:"Landlord and Tenant agree to extend this lease with a new termination date of June 30, 2025."

(To find your return and if you could do as well/better with a simple bank cd.)

I recommend a simple spreadsheet to check your math and it will make it simple to adjust each year.End the complaints.

I'm a simple guy, I want less drama.

A lot of sellers overlook this simple step of trimming the shrubs and trees away from the home.

Some additional books not mentioned include, The Best Ever Apartment Syndication Book, Passive Income Made Simple, and many others.