There are traditional underwriting investment helocs but very conservative CLTV and DTI is taken into account.

To the best of my knowledge, one of the tenants (married) are employed in the accounting field at a local air force base, which was the only reason I was considering it.

I’m sure many of you have heard of a cost segregation study.

Property managers fundamentally do two things: manage your asset (lease, maintain, accounting, anticipate) and reduce your liability. 2.

If you study the demographics of the metro its super easy to deduce that younger folks are having difficulty affording rent and need a room mate or two.

I could have great income streaming for multiple years and then some economic hit like Covid or the next pandemic and work could go out the door for multiple months.It comes down to a fear of losing a bunch of work and not being able to find more, while I have to be paying off property.Thats why I’m debating if waiting a lot longer and saving up a large savings account is smarter.

One of my good friends and I were talking about different investing methods and decided we would be each others accountability partner.

I really want to have a partner because I am not near the property all year round (I study a couple hours away).

Work that my accountant did to clean up my Schedule E.  

Future properties wil also be purchased with LLC but do not want to change the title for tax purchases per accountant.