Additionally, my husband lived there for six years, and the city feels like a second home to me.

With careful planning and local insights, Richmond can be a solid addition to your investment portfolio.Good luck!

Additionally, many states offer property tax exemptions, significantly reducing expenses.

If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

That is an additional savings. 4.

Additionally, regarding the legal structure, an LLC seems to be the most suitable option for our situation.

I have about $100k in capital reserves and can leverage the 2 properties for additional capital, as needed.

In addition to public Service Jesse Brewer is a real estate broker with over 20 years’ experience in dealing with rental properties both as an owner / manager, but also as a broker selling them.

Because of the additional income I am producing through the consulting business, I am afforded the opportunity to invest money in real estate.  

Some carriers won't allow insured to be a trust, so in that case do it in your company name with trust as additional insured.