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

Be confident, be courteous, and time will teach you what works based on your unique personality and skillset.

We had to sell virtually everything we owned so we would not default with our commercial banks and or file BK. 

I have one personally and I have found its better to rent the whole property vs. splitting it off and having a separate tenant with a separate lease.

The DSCR loan is a great tool because it's looking at the income potential of the property, not just your personal finances.

Hello,I am wondering if anyone knows the answer to this, I am a Canadian citizen with many single family houses that I own in my Florida LLP, I am currently using the structure of paying taxes from the the profits from the LLP flow thru into my personal name, paying taxes in Florida and then having to pay the difference in taxes in Canada ( minus the amount I paid in Florida as a foreign tax credit).  

Don't know about anyone else, but I feel like my personal daily battle is between doing what is urgent and fuels my raging undiagnosed ADHD, or what is actually important.I've done a ton of work on this over the past almost 4 years, and still am nowhere that I think I need to be, but I'm at least getting to a level of awareness I don't think I ever had before and that is a win in my book.  

Some of the most important criteria are these:1) Both real properties must be investment properties, and not your personal residence.

Ignorance IS a defense in residential, and one a party can file a class action lawsuit on because that's much of what just happened nationally.

I personally own single-family rentals in Temple.