We used Appfolio to manage all of the accounting but none of the marketing.

We started doing bi annual inspections of the properties asking with 6 month leases so we could go in and keep an eye on our property. 6 month lease don't work for section 8 but we were able to inspect.

I am concerned about the implications of transferring the property into an LLC, especially since I have a favorable mortgage rate that I would prefer not to jeopardize.Would it be advisable to establish an LLC, obtain a PO Box, and open a business account without transferring my current property to the LLC?

show up later to comment on my questions, but the FB group is pretty stale.When you join, you get a private accountability coach.

@Marizel AshbyBelow are the top things I will recommend you focus on if you don't have at least $30,000 in your bank account or you don't have access to that kind of cash from other sources:1.

If you have any accounting questions, please feel free to reach out as I have extensive experience working with foreign nationals in the US.

The reason I say this is  a double close, is because we would require the seller to be open to seller carrying the amount that we helped cover as a second note against the property.Ex. 1st transaction: DSCR covers 70% we help cover the remaining 30%.......close transaction.2nd transaction: Title opens a second escrow account and creates a 2nd lien for say 40% against the property so we can get our funds returned.

I just finished updating a rental property where I was previously paying $990 for an annual ACV policy. 

Keep in mind this doesn't account for rehab, repairs, and reserves necessary to maintain rentals.

I have liquid funds ready, but I want to make sure this is worth my time compared to the 5-6% cap rates I've seen on multifamily units in South Florida, which are close to what I already get from CDs and high-yield savings accounts without the hassle of property management.I'm also hesitant to invest out of state since I'm new to real estate and don’t want to make a costly mistake.