I actually just want the banks to get their $71k so that when I start probate on the bank accounts no one at all can claim any of the monies from the few bank accounts.

I am in the process of creating my business structure, establishing business accounts, and all around finding the right team of people to support my efforts without falling on my face with my first purchase. 

They can offer tailored guidance depending on your unique situation and objectives.Assess Your Tolerance for Risk: Take into account both the type of properties you intend to invest in and your level of risk tolerance.

I'm an investor, and represent as Director of Education, Equity Trust Company, which is the custodian for Self-Directed retirement accounts, and then also Equity 1031 exchange, a QI. 

Some states also require an annual license fee to own and operate an LLC so that could also cause a potential for increased costs there as well.I would consult with a real estate attorney to see if an LLC makes sense from a legal standpoint and advise your accountant as to your decision so the appropriate tax filings can be made. 

Even if you're planning to just sell the property when the loan is due, then you've still got to take into account the transactional costs: agent commissions, price concessions, holding costs, and closing costs, to name a few.And, what if it's worth less in two years than it is now?

We plan to personally lease the unit to a newly created LLC and run direct expenses through a separate bank account in the LLC name. 

Some apps connect with your financial accounts and automatically calculate your net worth.

U know like banks that have long lost accounts.. escrow money that is refunded and cant find the borrower ( this happened to me personally LOL)  those funds go to the transportation department at the state.. so who could figure that out with out a little digging. 

In the 10 year process new construction exit prices were 350K- 420K during 2016-2017, by 2019, 499K-520k were starting to move. 5 years later ( accounting for COVID and mortgage rate changes) prices are up around 650-800K in the same area.