I need to figure out the trade-offs and plan for the longer term!

Since I'm the sole member of the LLC is there anything I need to be concerned about or consequences if I make a mistake? 

A lot of people realize later that they traded a steady, easy job with the weekends off for an unpredictable, annoying job that is 24/7.Remember that you aren't chasing financial freedom; you are chasing time freedom.

It is actually the legal filing that there is a recorded foreclosure process that has already started, after the expiration of the letter that was sent informing of the lates and consequences of no action.* lis pendens is not just a note but a recorded cloud on title that there is pending litigation.

They need to do all their due diligence including understanding the value that will be added by the ADU, the finance options available, the consequences of adding the ADU (rent control, property taxes, rental limitations, etc), etc.Good luck

To qualify, taxpayers must meet specific criteria demonstrating that they are real estate professionals who materially participate in their rental activities.How to Navigate the Rules:Step 1: Identify your real property trades or businessesHere is a list of activities that are considered to be a real property trade or business:RedevelopmentLeasingConversionConstructionReal property developmentReconstructionOperationRentalBrokerageManagementAcquisitionIf you participate in multiple of these activities, you may be able to combine them making it easier to meet the material participation hour requirements.Step 2: Demonstrate material participation in real property trades or businessesThere are seven tests to determine if you demonstrate material participation.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

Investors buy shares and earn returns through dividends and potential stock price appreciation.You typically can’t lose more than your initial investment with publicly traded REITs.

Is it worth doing a 1031 to trade up? 

I am a real estate investor and a licensed realtor. Occasionally, I assist fellow investors in finding suitable properties.
I have two clients who are business partners who are interested in making lowball offers on ...