I am looking forward to connecting with fellow lenders, accountants, and real estate agents to get more perspective and build my knowledge on real estate so that I can start to build wealth in my mid-20s and onwards.

Do you favor a Roth IRA, high-yield savings account, or life insurance as an investment tool?

I have been investing in Michigan since 2014, we have many areas that still exceed the 1% rule and have annual appreciation.

Feel free to reach out with any accounting questions.

Out of 2,500+ investors we have as clients, only a small handful invest as an LLC.I could see the point to an entity if a group of family members or friends were pooling their money to invest in a syndication or several syndications, but outside of that scenario I don’t see the point to it.But don’t listen to us, get competent legal and accounting advice from those licensed to give you proper advice after evaluating your legal and financial situation and risk tolerance.

One comment for other owners make sure you know how to get your annual rental increases.

Net income would be the Host Payout of $541.26.But your true net is what's left over after deducting all expenses not accounted for in this calculation, such as utilities, internet, consumables, etc.

Insurance in TX increased substantially in the last years, on average 10% per year, in some cases even experienced 30% annual increase.  

Quote from @Alonzo Moreland:  Everyone is stating it, but the lease should be ended as fast as you can, and make sure that you hold them accountable for the water/payments.

Should I have the funds come out of my LLCs account for payment or is it fine paying the down payment out of my personal account then once the property is paid for, transfer the Deed to the LLC.