You can allocate expenses to each property/LLC during your accounting processes, but make sure to maintain clear records and documentation for each expense related to the specific LLC.Detailed Tracking: As you scale up, accurate record-keeping becomes crucial.

Cash flow not a priority as much as tax advantage and reducing my active W2 income.

You’re asking the right question…I’m active duty Air Force with three rental properties, and I have three VA loans.Sometimes purchasing a home that’s close to turnkey may work if the numbers do. 

Our purchase market is very strong so you'll be able to grow capital relatively quickly partnering with someone who's actively developing and rehabbing sites.

This approach involves actively investing money to generate returns instead of letting it sit idle, potentially offering a more dynamic and rewarding financial strategy.Cardone also emphasizes, "Cash flow is king.

It's crucial to have a team of trusted professionals, including a good real estate attorney, to help navigate these issues.For future flips, consider adding clauses in your sales contract that limit your liability for issues discovered after the sale, especially for systems that were inspected and approved by local authorities.Let me know if you ever are looking to finance your next flip by the way!

So in reality the IRS already recognizes you and your wife as the tax payer and exchanger (becuase of the joint tax return reporting the activity of the property).Here are your options to purchase1.

Using your VA loan benefit is another great way to get started in real estate investing.I’m active duty Air Force with four properties.

A host must be active with pricing on a weekly basis! 

You may need to play around with that number, but my budgets always hit NOI within a few percentage points using the 5-10% maintenance allowance (provided someone is actively managing maintenance) Reach out if you have any questions - I'm happy to give my input!