I'm now realizing that in the state of South Carolina, the tax rate jumps 2% for rental properties to help fund public schools, a $600/mo cost that I didn't account for when using the calculators in the earlier stages.

My custodian does not have a money market or similar sweep account to keep idle cash earning.

Regardless of the asset class, the common thread is clarity, consistency, and respect.At Robin Hood Properties, we’ve learned that balancing profit with a deep commitment to customer satisfaction creates sustainable success for everyone involved.

They get an ACH from my tenant in their account same day, but won't do the same into my account.

Continually communicate clearly with all parties involved to make sure that expectations are as close to realistic timelines as possible.

If you go with the partnership route1) You need to manage the money going in and out of the business bank account.2) File a partnership return and be responsible for issuing K-1's3) make distributions to you and your partner for cash flow that you receiveYou will likely spend many hours on a nice gesture.I may want to consider instead to give a christmas gift or a bonus for early completion of projects.

Angel investors might be interested, but you'll likely have to give up a portion of the ownership or future profits, and there could be potential complications in managing the investor's expectations and involvement.

There is no seasoning requirement involved since the property isn't a short sale and it isn't someone buying REO from a bank with a seasoning requirement.

In my opinion, $90,000 is too little capital to invest in real estate within a retirement account plan.LTV's are lower when investing with a retirement account plan - Around 65%Meaning if you were to use $60,000 as a down payment, you would likely only buy a house around $70,000.$8,000 would likely go away in closing costs.

I’ve got her dealing with 8 properties which have individual accounts.