I wish we could have had a talk before you pulled the trigger on this one.

We're contemplating allowing pets, as there will be no other roommates besides us and we don't have any allergies.Questions:- Considerations for Allowing Pets: What factors should I take into account when renting to tenants with pets?

,While no investment is completely passive, proper real estate investing should be relatively boring.You asked about the process and major considerations.

And after a year or two you can move into it and make it your retirement home without triggering the tax. 

That could trigger your due on sale clause and force you to get a new loan.

As I said, I have yet to pull the trigger on an investment, so I really forget this whole structure.

Therefore, you would need to file partnership returns for each LLC.Given these considerations, both approaches could be correct, depending on the specific circumstances of your LLCs and state laws.

I feel like having such a low payment and rate make it stupid to choose selling the house, but since I haven't been in this position before, I thought I'd ask here. to d The other consideration you would want to consider is your VA entitlement if you are hoping to buy the next house with a VA loan.

in order for the few who created the scheme to risk prison, and forfeiture of their resources, just to become even more wealthy... they had to know that there was not going to be any enforcement action taken regarding their criminal actions, or they would never have taken the considerable risks involved. 

I have 2 sets of tenants that I have had considerable problems with collecting the rent over the past year.