Nothing wrong with the concept but not strictly the business portion of what we are into.I would never invest in SFHs due to the higher risk, higher maintenance, and lower monthly return but I have always held true to the concept of "income investing" and I have done very well by it.

I also forgot to mention, if that tenant destroys the interior, or any portion of the home for that matter AND goes ghost...good luck.

Also by following what a large portion of people say here is to buy right and follow proper due diligence and in the end you make your profits in the initial purchase.

The remaining portion of the purchase price (28%) I am getting seller financed at 3.5% (fixed) for 25 YEARS!!

In my case I used it to link the upstairs and downstairs portions of my listings to the main house.

Michael, I will put a portion of my own money towards the property as well.

You could have the LLC own a portion of the property and the other partners have partial ownership as reflected on the deed. 

@Kay KeovongphetFor the profit sharing potion (employer contribution portion) of the plan that following may apply if your employer allows for it: The Employer Contributions being withdrawn have been accumulated in the PSP Plan for at least 2 years.For salary deferrals (employee contributions) Any employee contribution (including any earnings on such amounts) may not be distributed prior to the the Participant’s severance from employment, death, or disability.

Hey Jacob,I have definitely turned down many rentals due to the property taxes eating up significant portion of cash flow.

Or,  should I give them permission in writing,  just for this year, to take care of the Notorious portion of OCEAN?