Consult a tax professional or real estate attorney to discuss the best approach, including keeping homestead property in your name, forming an LLC, and reviewing insurance policies for liability protection.Good luck!

@Fiona Layne-GerminBeginner-friendly strategies for building long-term wealth include house hacking, buy and hold rentals, BRRRR Method, real estate syndicatations, rent-by-the-room strategy, short-term or mid-term rentals, and partnering with experienced investors.

Hello All,I have been investing for the last 4 years in real estate and am on the way to purchasing my 3rd property (a flip :)I am having a hard time knowing how I should organize my incomes, expenses, taxes, ect for easy bookeeping, to help keep everything separate legally, & to produce income on the money sitting in the accounts.I can only explain my ideal thoughts in a graphic design so i will include that here:Does this make sense in order to maximize profits & keep things organized? 

The asking price is $375,000, which includes all inventory and FFE.

I had a client who thought they did the eviction correctly, and ended up in court as one of the occupants who had moved 3 months earlier said her stuff (including 3 rollex watches) was thrown out. 

It's important to have your attorney review the title commitment, as I've seen "wholesaler-friendly" title companies include various items in the title exceptions that could cause problems later on. 

I dont know the area, or the county for that matter, whatsoever.I did some preliminary due diligence on Clinton, including 5-year population trends, demographics, rental rates published, and some other region-specific data. 

@Rion Redinger Hi Rion, I don't show a unit until I have a completed application including a pay stub documenting employment and income, a copy of the applicant Driver's License and I will have run public record court searches for all munis and counties listed on the application.

Other options include partnering with someone with better credit, negotiating seller financing, or leveraging existing property as collateral.

A lot of data centers, including Cologix who recently made an announcement are being developed there.