I heard that if you move the personal mortgages to an LLC they could get called and we would want to avoid that3.

Depreciation is another powerful tool, allowing you to deduct a portion of your property’s value annually.Action Step: Keep detailed records of all expenses and consult a tax professional to ensure you’re claiming every deduction you’re entitled to.3.

I personally have had amazing success with properties which are between 2 and 12 units, which most people would call “small multi-family.”

Since your condo prohibits LLC ownership, you can manage rent and expenses through the LLC while keeping the property in your name.

Advanced QuickBooks ProAdvisor was introduced in 2007, to get certified the requirement was: one had to be certified for 3 years in a row and had to attend 2 day in person and online courses.

Not worth it if you have to feed the thing.But again, what are your personal goals to investing.

The goal is to keep these for rentals.I currently own the land personally and am funding the builds with a combination of HELOC and cash - no bank debt tied to these properties specifically.

If you go through brokers or even reaching out to sellers, it's a good idea to keep in mind how they will see you.

My lease has a sublet fee (2 weeks is guest by lease more than 2 weeks in a year is sublet) that is costly enough ($100/night per person which is about what a cheaper hotel is here) that makes sure tenants do not have others move-in without informing us.

However, I think for the average person this is probably not true.