@Treza Edwards "I am reading the Rental Property Investing book and implementing the method that focuses on cash flow and that strategy states you need to have $300 cash flow per month, per property.

You do not need separate checking accounts for each property if the ownership is the same.

Daniel,If its something you really like from all accounts, get with an inspector and property manager to give their thoughts on the area, condition of the property etc...

@Lauren Ruppert Yes, an LLC can sell a property to your child’s LLC, ideally at fair market value (FMV) to avoid gift tax complications.

There are other loans that do allow you to own the property in an LLC, but you would need to refinance to get into them.

My question is around property insurance and specifically what are everyones MUST HAVE COVERAGES. 

@Muhammad Kashif Flipping a property in 6–9 months results in short-term capital gains, taxed as ordinary income (up to 37% federally, plus NJ state taxes up to 10.75%).

I live in California (Central Coast) and have built a 12-door portfolio in Detroit, which has been a great market for both cash flow and long-term potential.Detroit still offers properties well below the $150k mark, with strong rent-to-price ratios and a market that’s seeing growth in key areas.

What Morris has done is this.1. represented he was a turn key provider when in fact his role is your role  marketing agent for turn key or rental property rehabbers.2.

We put a sign on every property to: attract tenants, create brand awareness, and to help prevent scammers from using our properties as bait.