It's wealth transfer process but also sort of gentrification.

However, when converting to Capital Account methodology, the accountants "discovered" all sorts of past "errors." 

However you will probably still get a letter naming you to the lawsuit while they sort out the claim thru the tenant's renters policy. 

@Theresa Harris Oh do the sort of live in flip? 

I am not sure if there is a website/service that does this for a fee or if there is some sort of course/training that can explain the things you need to look for.  

If the funds are in HELOC, a retirement account of some sort, run a similar analysis. 

I mean I got one last week for a broken shower head but that’s kind of the sort of issues I usually run into.

By the time you get down to $100/month after expenses, I sort of question it.  

Truthfully, my sights are set more on eliminating my expenses and living more frugally in the next few years than they are set on becoming some sort of millionaire investor—but I think that if my first deals are successful, I can definitely see myself wanting to take on real estate as a serious career pursuit a little further down the road.

The point is to have a sort of firewall between each LLC.