A real estate lawyer can help you navigate the specifics, including ensuring you don’t inadvertently trigger any unintended tax consequences.A few tips to consider:Check with your mortgage lender: If there’s a loan on the property, transferring it to an LLC could violate the loan’s due-on-sale clause.

Someone else asked but what would market rents be including the extra storage?

Down payment of $13K including reserves sounds pretty low to me . ( Based on Maryland )

This was a cost-effective way to meet our requirement of providing just a stove and refrigerator (we don’t include washers or dryers), without breaking the bank further.But here’s the twist: If we were upgrading appliances for a long-term tenant with a stellar payment history, we might invest in brand-new appliances.

Clearly define terms, including an exit strategy, buyout options, and how proceeds will be split.

I recommend you include some of your key qualification criteria in the advertisement.

HOA is currently $172/month, with and additional $44 for club fees, covering club amenities, including a gym, boat lift, a restaurant etc. 

When I had to switch Property Management companies, they suggested that I do include pets in my rental listing. 

. • Podcasts: The BiggerPockets Commercial Real Estate Podcast has episodes on niche asset classes, including hotels. 

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