What would it take to transfer ownership from myself to an LLC?  Here is my current situation.  On our first few investments we purchased a few properties that should have been purchased as an LLC or S Corp.  At the t...

However, it's also worth noting that one can distinguish oneself by being tough but fair.

However what's the point of documenting the rent to oneself? 

I too think that buying books and reading them/studying them can be a great investment into oneself.  

Also, I believe one has to constantly work on improving oneself.

Drucker - lot's of books on the subject, but "Managing Oneself" is a great start.

If a person can't fire oneself up enough to learn on his/her own for free, he/she probably is not ready to pay $1000 for a seminar either. 

My home: Meraki [Greek- μεράκι] - To put a little of oneself into what you do, whatever it may be.

Aside from real estate being very local, some general principles I follow that serve in any economy :1- Follow proper underwriting principles based on my specific investment style ( value add etc..)2- Use leverage to my advantage but never over leverage my position.3- Keep proper cash reserves.4- Educate oneself in the economy of the market I’m investing in, including jobs, changing demographics, historical cycles etc...5- Surround myself with the proper team members who will cover the areas I am weak at and are real experts in their niche. 6- Knowing when to cut my losses.7- I use real estate investing as a way to achieve more important milestones In life including family, health etc... this keeps me focused on the big picture and adds more objectivity to the process.8- The bigger the portfolio, the more risk one gets exposed to in a turning market and the harder it gets to change direction.

Good advice, @Joe Villeneuve     We are doing the buy and hold on STR vacation rentals, so no "flip-accumulation" for us though...we'll pay down the mortgages with the cash flow, make each one self-sustaining and keep the extra cash flow in the LLC account and let it accumulate (Maybe for unit 4 or 5 down payment?).