Additional income opportunities include leasing land for agricultural use, event rentals, horse boarding, and RV rentals.

In addition to what others have said, keep in mind that New York City, San Francisco, Los Angeles, and other big league cities have the scale and mass to absorb tens of millions of dollars in investment without going "tilt."

There is also space available for an additional 3 mobile homes.

Additionally, for each existing and future Illinois investment property, I intend to:- Deed each property into separate Land Trusts.- Establish an Illinois LLC that will be taxed and will own the interests in the Land Trusts for my Illinois properties.- Set up a new management entity taxed as a C corporation, which can be fully owned by my revocable living trust.

Quoted $5K in closing costs but ended up being $7k to pull $94K in equity out of home as a 2nd mortgage (additional cost was insurance). curious if the below info seems “normal”appreciate the feedback.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I will try again but I may be back for additional help!

Ideally by the end of next year we would like to have the adu collecting rent, and the addition completed or nearing completion.

Anything that actually comes into our possession goes into our tithe calculation.In addition to tithing, we try to give to charitable causes when we can, but we don't do it as often as I would like.

How much risk are you taking for that additional 3-6%?