@Lexi Teifke - As always, the theory like the theory, but in practice is what counts.The internal rate of return hurts my brain just to read the definition, never mind calculating it: internal rate of return on an investment or project is the "annualized effective compounded return rate" or rate of return that sets the net present value of all cash flows (both positive and negative) from the investment equal to zero.

Literally the ONLY difference you would have is that you can deduct the annual LLC Licensing Fee associated with your LLC as a business expense.

Very powerful stuff.Few lessons learned:- Never pay a large sum up front- Vet a company much better- Don't trust a wolf in female clothing - No one hugs after a business transaction- Check court records- Never go with the cheapest bidOnce this hypothetical situation is over, I'm definitely going to provide more details.

This is one closing cost that CAN be added to your loan and financed, and most FHA buyers do add this to their loan.For typical 30 year terms with loan amounts under $625,000 and 3.5% down, the annual MIP is 0.85%. 

If we sell for $275,000 in June 2019, that would be a 1.99% annual return on our investment.

@William Lewis you're correct that closing costs on HELOC is much lower, usually just an application fee along with an annual fee (some banks will make you pay for the appraisal as well). 

This is value add opportunity- rents had previously been under market value (450/month) and since acquiring the property and renovating it, the management team recently raised the rents to match market value in the area (525/month) The property is projected to generate over 25k of monthly income, a cash flow of almost 11k a month, and the annual cash on cash ROIis projected to be nearly 32% This would be my first large multi-unit apartment deal and I’m looking to either obtain a commercial loan for the property or (ideally) find private/hard money lender that would might also (eventually) serve as a partner/mentor/associate/eventual first to a smart, hardworking, and ambitious young real estate investor.

There my research I have learned about implementing a quarterly or semi-annual inspection on the properties and I think that is a wonderful idea.

Purchase price: $132,000 Cash invested: $7,000 2 bedroom, 2.5 bath 1800 sq. ft. condo unit currently rented on an annual lease and HELOC'd to provide investment capital.

See: (https://www.wsj.com/articles/ftc-alleges-100-milli...)Australia--- Foreigners can buy, but have a 8% stamp duty, plus there can be annual taxes and vacancy taxes.