Hi @Aloysius Martis - I'm not use how immediate your need is, but I'll be launching my property management company October 1st.

Bit of a long story, but my partner and I are trying to purchase a property from a family friend of mine and we're having trouble locating the last seller.

There is no mortgage on the property.   

If the LLC owns a property in a different state, most of the time, the other state will require you register your LLC as a foreign LLC. 

I have 6 houses and consider myself a novice.  I was thinking of selling 1 house and taking some profits, but I have become aware of the following federal taxes
1. Depreciation Recapture= 25% tax
2. Long term capita...

Insurance on a 1mm property will also go up a lot more than a 100k property. 

@Dan TrimbleA property can be rented, Long term (LTR), short term rental (STR) or mid-term rental (MTR).

Purchase price: $115,000 Cash invested: $42,000 Sale price: $168,000 Unfortunately, we bought this property as a buy and hold property, and our research led us to believe that this neighborhood was up and coming not in a bad area of Jacksonville.

My latest vacation rental property is a charming 2-bedroom, 1-bathroom townhome located in Seattle's Queen Anne neighborhood.

Another alternative would be to buy the property yourself, keep the mortgage in your name but have your daughter on the title.