The Permitting Procedure: Recognise the garage conversion permission process.

Recognise your own definition of financial independence and how real estate fits within it.2.

This will make it easier for you to keep records for tax purposes by keeping your personal and rental income and costs separate.House Hackers' Advice: Examine your tenants carefully, Recognise local laws and regulations.

Recognise regional laws:7.

I'm happy you pointed out negatives, it's important for every aspect of business to be recognised.

I was wondering how should I go about checking the transfer fee for the title company to help me make the change from my personal name to the LLC.2. are there any stamp tax involved, or capital gain tax involved (unsure if the state recognise that as a "sale").3.

@David Smit"Where imposture, ignorance, and brutal cupidity, are the stock in trade of a small body of men, and one is described by these characteristics, all his fellows will recognise something belonging to themselves, and each will have a misgiving that the portrait is his own."

Ouch. 1031 exchanges may help in the US but they are not recognised in the UK.

They are separate entities and must be recognised as such to fully understand the value of money/cash.

Buying money is not investing unless it is done on the money market.Equity reduces cash flow from the property turning the brick and mortar into a liability not a asset.The biggest mistake, so call investors make, is in not recognising that every property has two distinct income streams that must be accounted for separately.