From that point forward, you can act as a property manager handling the deposits and funds you receive on behalf of LLC, designating them to the LLC account in your capacity as property manager.

Currently being rented at 50% capacity month-to-month leases (due to seller selling the building--tenants willing to sign longer-term leases).

Currently being rented at 50% capacity month-to-month leases (due to seller selling the building--tenants willing to sign longer-term leases).

The cesspool is very small in capacity, about 500 gallons, which is too small for a 2 unit property. 

Reason being is that since my finances, capacity for risk, and tolerance for risk are many times different from my clients the recommendations change. 

I should probably install a logging capacity in my router to pass the liability down to the right party.

These intangibles generally have a tax basis of 0 if self-generated, but the FMV is likely much higher.It helps to think of the individual as operating in two distinct and separable capacities here with respect to his or her S Corp. 

Do you have the experience, skills & capacity to complete the project in a timely fashion.

Not all escrow officers are willing to act as private lender in this capacity though.

I aim to learn from both their success and horror stories and to combine that with what I've learned on the job to determine my criteria for where/what I will purchase in the future for myself.While I'm fairly confident in some aspects due my serving in an analytical capacity at my job, I definitely have a lot to learn when it comes to strictly SFRs/non-CRE properties.