I've set a goal to have something locked in within the next 3 months!

Including setting up an LLC taxed as a partnership. 

https://air.tl/5cmk2bQaPricelabs has a nice feature where I can set the distance or draw the properies to include for determining the market.  

Buying an investment property in Las Vegas @Josh Salapare could be a smart move, especially if you’re set on moving there in a couple of years.

If he's dragging his feet, it might be time to set a deadline for his answer and line up other options to avoid last-minute stress.

When prices go up as you move into better neighborhoods and/or more expensive markets, it will get tougher to exceed 1%.As others have mentioned, this is a good rule of thumb, but you have to run a full set of numbers to understand you potential ROI on a deal.

I would greatly appreciate your input on this matter.Here is my setupPurchased property under a TrustLLC in FL owns the TrustHolding company LLC in WY owns LLC in FLI purchased the property sub-to, took over the seller's mortgage and I’m working on setting up insurance for the property.I understand I need to keep the seller as additionally insured in my insurance, but the seller no longer has "interest" (ownership) either in the Trust, nor any of the LLCs nor in the Deed nor Settlement Statement.

To set the scene: A cost seg study breaks your property into two important categories:1250 "real" property aka the building, foundation and other long life assets.

If your second building is not set up currently to be that, then they can't be a townhouse.

Develop a clear plan, set milestones, and remember that building wealth through real estate is a marathon, not a sprint.Good luck!