Much like by the end of this decade, I will take those same steps to become even less involved with work and have more times with my kids who will be really developing and that will be my focus.The difference once I made money, and was able to make it make money for me I de-risked by eliminating leverage.

@Sofia De Santos Tavarez if you haven't already, have the property professionally inspected.This should catch MOST of the structural, health & code issues - but not all.

., and I still love Cook County because I have a solid team and underwrite deals properly.I think @Paul De Luca nailed it on the head, though - it seems like you are quite risk-adverse, so maybe given your risk tolerance, it's not the best idea, but if it were me, I would not think twice about it, and find a rock start property manager who knows exactly how to vet tenants.

It’s been a dream of mine since having the cake and ice cream at the Charcoal Pit in DE.

Over rehab de property and it wasn't the ideally neither

Quote from @Sofia De Santos Tavarez: Hi, my husband and I are new to real estate investing and have a property we are renting out to tenants.

In General:The statutory exception applies only to joint ventures (but not a separate entity) between spouses and also requires that Each spouse materially participate in the business of the joint venture and That both spouses elect disregarded entity (DE) treatment.QJV treatment is available to spouses in any jurisdiction (community law state or not) provided the requirements of the statute are satisfied.Regarding LLC: Non-community: LLC with husband and wife cannot elect to be taxed as qualified joint ventureCommunity State: Husband and wife LLCPer Rev.

Delaware Water Gap is more of a weekender, but can work.

I can point you in any direction if you have specific questions or need more information on a topic its funny how note investing is Soup De Jour these days on BP.. 10 years ago no one even mentioned it..  

Nice floorplan and quiet cul de sac.