They can provide detailed reports, photos, and even virtual tours to give you a good sense of the place.

I would probably stick to #2 and get them both out UNLESS she can find a way to qualify on her own - paying advanced rent, getting a second job, finding a room mate, getting assistance.

CA can and is the 500k to 2mil or more depending on the location  jurisdiction etc etc.. of course small plats are not that much.. but if you need to do an EIR ( Environmental Impact report) we were paying 200 to 300k for those back in the late 80s..

Thanks in advance!

Now, don’t get me wrong—I did accept the inspection report and signed the offer to purchase.

In addition they are slow to report minor leaks or at all as it doesn't typically impact them financially.Landlord paid utilities with multifamily can be a real cash flow killer if not handled efficiently.So most larger buildings I come across that are vintage almost everything is separated out except for the water.

Thank you everyone in advance for dedicating your time and energy to help those around you, to inspire and to reach your dreams.

I know I will have to report the LLC’s profits but I’m confused as to how to handle the draws with respect to the IRS.

Hi,I am planning on setting up a multi-member LLC either in North Carolina or South Carolina to house the rental properties under, and wanted to reach out to the community about which state is more favorable to holding rental properties - assuming that the property can exist in either state.Thanks in advance!

Knowing the tips, tricks and loopholes in advance can help save you a lot of time and money.