It may seem easy to jack up rent but there is something to be said about good, on-time paying tenants.As an accountant, I always rely on the numbers.

Quote from @Account Closed: Honestly have no clue, but my guess would be contact a lawyer who specializes in real estate.I am also trying to get a hold of other wholesalers in my area and real estate agents.

are you allowed to edit the chart of accounts? 

At this time I do not have any money in an IRA its in an account provided by my employer.

I have never approved a tenant without meeting them, if everything looks good on paper, income, accounts, backgrounds.

In markets like Chicago or Baltimore, where there is not much new construction, we will see rents rise faster than inflation. 2) 2026 will see new multifamily deliveries slow to closer to historical lows, though not quite as low as what we saw in the great recession. 

It would be far simpler to put the $500,000 in a bank account owned by the LLC and you immediately own a fixed percent.

I have a call out to my accountant as well. :)

@Dallas Smith, With some good running of the numbers by your accountant this can work. 

Any other expenses are using up funds that would otherwise be sitting in your checking account to make a mortgage payment with.