Please let me know how I can help, and hopefully I can get you pointed in whichever direction you want to go.

Investing in real estate can be a hands on or hands off - whichever suits you.

120 days right to redeem, from proper notice or auction, whichever occurs last.  

Whichever financing option you choose, my recommendation would be to start talking to lenders ASAP so you can get your financing lined up and ready when it comes time to purchase. 2.

So long as the building is used as collateral for the loan, it is deductible as mortgage interest on whichever schedule is most appropriate (A or E or 8829 or whatever).What sometimes happens is that CPAs will apply interest tracing so instead of taking the interest on the property where the the loan is actually secured, they will take it for whatever the loan proceeds were.This can include people who take a home equity line out on their primary residence and use the proceeds to invest in a home.  

Additional funds that go toward renovation and reserves will go into the LLC operating or reserve accountPayments made to the investors are paid via check or direct deposit, which ever the investor prefers. 

As a General Rule, my Desired Profit is $20,000 or 20% of ARV whichever is greater.

I think the important thing is to buy something, whichever one (partly owner-occupied or pure investment) works best for you in terms of #s and other factors (location, living next to your tenants, etc.).A portfolio of 1000 units begins with a single first purchase...

Generally, money received is taxed at the following rates:Recapture of depreciation (recovery of depreciation taken in prior years up to total gain realized or depreciation taken whichever is less) - OrdinaryInterest Received - OrdinaryPrincipal Received - Prorated, a portion will not be taxable and depending on your holding period - Short Term - Ordinary, Long Term - Capital Gains

That said, LA investors in my opinion should have two sets of preferred profit, but takes whichever is higher.