He said your dad comes from a different age where things were maintained differently and that I need to make a move if I want something.

Especially when investing out-of-state, take into account the time, work, and obligations needed in maintaining the property.Create a Long-Term Investment Plan: Develop a long-term investment plan that outlines your goals, strategies, and timelines for acquiring additional properties.

Many shy away from them because they do not want to deal with the extensive paper trail required to maintain separate tax filings for the business.

Maintenance is key to maintaining long term tenants in the property and avoiding unnecessary turnover.

Divided Opinions: Academic economists polled by the Financial Times believe the Fed will likely maintain high interest rates for longer than anticipated, potentially hindering rate cuts this year.

I'm looking for recommendations for someone who has experience structuring loans to minimize the taxes for me as well as either a service or software to maintain the loan, writing the note properly and how to receive payments etc.

What is your ongoing maintenance cost estimate as well - it’s certainly not a buy once and don’t maintain type of investment.

I'm frequently shocked by the number of people who maintain rentals in their personal name.

So this is a benefit to the landlord to ensure the property is maintained.

It doesn't provide any tax advantage.One good reason to have a property in an LLC is when it is set up properly and it's maintained properly and it's treated as a business and has substantial assets in it.