Consulting with a financial advisor or real estate professional may provide additional insights tailored to your situation.

(we once paid $1800 to a big name plumber in town to replace 6in of plastic drainpipe under a stand alone tub). 3) We need better understanding of the legal structure (LLC) that we should have in place for our property, and also a tax advisor (CPA) to help with understanding deductions.

This minimizes risk and establishes a robust foundation for your investment journey.

It's there for a reason and I'd discuss with the person in your family that established the living trust. 

On your current properties, though, this raises the danger and leverage.Partner with Additional Investors.Speak with a Mortgage Broker or Financial Advisor: A specialist can guide you through the mortgage application process and provide tailored advice.

To get to the point - we truly trusted WealthAbility and believed that we would be gaining a wealth of knowledge, a truly supportive and well-trained TEAM of wealth and tax advisors/strategists who we'd have a lifelong relationship with.

Establish the value based on your own market analysis.Your property is a rental once it is placed in service - typically the date it is advertised as available.Check your home owners insurance policy and make sure it covers rental operations - I expect it does not.

I talked to asset protection companies, Prime Corporate Services and Anderson Business Advisors (both have mixed reviews).

Consider speaking with a financial advisor or real estate professional to help you make an informed decision based on your specific financial goals and timeline for retirement.

If they had told you this when you bought the property you could have adjusted your course to accommodate establishing an investment intent rather than the fix n flip intent.