We will be taking the webinar, and reading as much as we can in the evenings.

Pro:cheaper to create and maintain (state fee) You can have multiple child LLC on shelve ready to be used for no cost.You can in theory have only one bank account for all the LLCs and only separate them on paper with excellent bookkeeping.Con:Not recognized in all state, and interpretation of their separation may vary in foreign jurisdictionRelatively recent and not a lot of case lawSpecific operating agreement needed and not all lawyers are very familiar with itMay have some issues when dealing with title or banks who are not used to them.May lower some of your anonymity as will link all the series together.I do have some series LLC and also some vanilla LLCs.

I know 4 investors that are buying as much as they can in Newburgh.

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I'm presently a professional truck driver, but I've wanted to invest in real estate since I was in high school.Presently, I'm gathering as much knowledge of the systems that I can in order to better inform me as to how to approach investing in my first real estate deals.

Now, we have to prove to the city that the property has been a duplex as far back as we possibly can in order to get a non-conforming use designation.

So it sounds like I can in fact expense these items that cost $2,500 or less since I meet all three of the criteria you listed.  

You can in certain areas of oak view, and maybe meiners oaks.

The two-fat is just under $80,000 and I have about $800 in inspections etc already tied into it.

You may find that a theoretically lower cash flow can, in practice, translate to a higher cash flow.