Some suggest having one entity own assets (e.g. property) and have another entity be responsible for operating and maintaining the assets, so that if someone makes a mistake operating etc. there is some liability shield and the plaintiff cannot get the assets(again the idea of “piercing the veil” is important here).If you are really concerned about liability you should use the right entity (entities), but also make sure you have the correct relatively inexpensive insurance coverages (including but not limited to structure and liability on the properties, O&E on business, personal umbrella policies)The aforementioned is personal opinion and none of the content should be construed a binding offer or agreement.

In expensive areas, condos become the defacto first time home buyer home of choice because SFR's are so out of reach price wise.

Some of my numbers are:Mortgage 3832 (25%down, 10yr, 6.5%)Cty Taxes 1666 (20k/12)Insurance 833 (guessed 10k/12)Gas/water 4000 (total guess)Management 1280 (80% occupied * 10%)So I end up with over 11k/mo in expenses.

I want to acquire a number of buildings so my equity would be disbursed through my portfolio of buildings within my two year time frame!!

If any BP members have local RE investment club meetings this week, don't forget to tell everybody attending about this great (and very inexpensive) conference upcoming reminding them they only have a few days left to get the early bird registration price.

Depending on the time frame I can do this for Bigger Pockets.

If this is your first rehab project I would double what you think your repairs and time frame is.

There are inexpensive areas in California that will provide positive cashflow.

Ask about the time frames and when the values and assessments take place.

I know they are fairly cheap, but curious to the timeframe and if the tax filings were difficult.