Closing in the name of an LLC is a distinction that hard money lenders use to avoid many laws and restrictions that would be imposed if it can be seen as a consumer loan.

I found this thought-provoking article on how the robotics industry is powered by high-tech centers as well as manufacturing hubs—with a distinct “Robot Belt” in the #Midwest.: As robots increasingly become a part of our daily lives, a growing chorus of commentators warns that they may take away our jobs and further damage the once great Rust Belt cities that once powered the American economy and served as the backbone of the middle class. 

, and while sorting through the toy dumpster behind Toys R Us, I contemplated that at $350k I likely hold the distinction of being the highest net worth individual to ever stand in that dumpster.

Is there any distinction between a portfolio loan and a commercial loan?

This separation helps in maintaining clear financial records and simplifies tax reporting and financial management.Setting up an escrow account specifically for rental income within your LLC can offer several benefits:Financial Clarity: It separates rent payments from other operational expenses, making it easier to track income and expenses related to the rental property.Legal and Compliance: Helps in demonstrating that rental income is kept distinct from personal or other business funds, which can be important for legal and tax compliance purposes.Tenant Transparency: It provides transparency to tenants and other stakeholders regarding where rental payments are deposited and how they are managed.While it may not be a legal requirement in all cases, maintaining an escrow account specifically for rental income is a prudent practice that many experienced investors and landlords follow.

Distinctiveness and consistency are key.Once you've named your property and decided upon a brand personality, you'll want to focus on creating a website and marketing materials that deliver an experience -- just as your vacation home should do.

I would also encourage those that are thinking on lower than B or even B to only view the properties on a Sat.. this will give you a full flavor of the neighborhood..Mid day mid week and any neighborhood has little going on... to buy a home in these areas with 6k down and not having at least 20 to 30k in reserves would be very unwise.

It has a different flavor than most of the rest of the state in that respect.

@Jeff Langley Better use hickory flavor, yum :-) I don't know enough, can you moderate the temps with wood burning at all?

If you invest for appreciation and you are right, you get BOTH appreciation AND cash flow because price increases and rent increases go hand in hand while most expenses do not scale up as such.... and now, the caveats:There are 2 "flavors" of appreciation: forced appreciation (which you control) and market appreciation (which you don't control but can screen for neighborhoods with high appreciation potential.