My first two properties I bought while not being a member of the MLS and earned a commission. 

I was advised that he should create an LLC and then our two companies can form a partnership. 

(They both shrink your pool or buyers and combining them really shrinks the pool.)Assuming you don’t plan to do a 1031 exchange you’ll also pay higher taxes if you can’t spread them over two calendar years, but not much. 

There's already two million of them.

It started in the forest preserve from two teenagers messing around. 

If so, I anticipate that the other two tenants may ask the one responsible for the bedroom above to pay for most or all of the costs, which may be financially burdensome for that tenant.While I have the plumber’s report confirming that the pipes are fine, I do not have definitive evidence that the leak was caused by the tenant’s actions.

Sometimes not telling us for a day or two after the fact.Just wondering how others handle this in their rentals.

I am hoping to get a better idea of the value of the land to determine if it makes sense financially to start the foreclosure process (the two notices have been sent).  

We recently bought a duplex and are almost done remodeling it to get us to where rents need to be for that A or B class tenant.I personally find that due to long term buy & hold in this area, it’s just enough to break even for first year or two.  

I've only done two projects thus far, but the branch manager seemed confident I would be approved for at least 90k line of credit.