Should we set up a simple LLC in Ohio? 

Simple appreciation, where it increases because of the market is nice, but not guaranteed, and you have no control over it.

If you are new to this particular strategy, you might be confused, but this is just a simple strategy that you need to understand and be aware of, most particularly if you are an investor or a shareholder.

They are month-to-month and pay below market rate.I would prefer to sell it in its current condition and estimate that a diy remodel would top out at $15k.

. - We almost feel sorry for the foolish/naive DIY landlord that inevitably falls for their sob story and accepts them.We have had 2-3 that have gone through our process and so we accepted their multi-month payment.

You can secure the property with a promissory note drafted by a lawyer or a title company, but keep in mind that “taking back the property with the note” as it is often pitched by gurus is not always actually that simple.

Its pretty simple as the money just sits in the account.

To help you, we have developed a simple tool for gauging your emotional response to some common aspects of rental ownership.

@Nate O.To spark your son's interest in real estate, begin by teaching him financial basics and slowly introduce real estate concepts through hands-on experiences like simulations, shadowing, or DIY projects.

I just did an analysis of 5 PM Software Tools for DIY Landlords under $20/mo.