You are the one signing in all three places, so if you are cool with it.....I myself would be concerned about the SC DOR putting two and two together and recognizing that a homestead exemption is being claimed on a home that is being rented/depreciated.

@Olivia C.  6% is less than I pay my commercial bank for A and D or construction I pay 1 point and 5.5% and I borrow at the best rates available.. anyone getting funds cheaper than me is getting them from ONLY family who is subsidizing a relative or frankly someone who does not know any better ( you) and I don't mean this as condescending its just a fact... 

Set Up a Separate Bank Account for the LLC Again, this isn't required, but is probably a good idea.Don't forget registering with your state DOR and DOL, and then paying all taxes when necessary.

If you're willing to tolerate higher risk in a D or E area then you might set your minimum at 10%.

Account ClosedWelcome to the site.With the current market conditions 30k in Cleveland will get you a duplex in a D or F neighborhood.

I would take a *guaranteed* 15% return over a 3 dor 6-month period all day every day.

What I ultimately arrive at is that assuming no property price appreciation, the returns are typically 4-6% IRR unless I go class D or look at other deals that require significant owner involvement.

This one is going to be a little tricky because she has a tenant in one of the properties that she needs to evict and both properties are in a D or F neighborhood.

Section 8 here is usually Class D or worse areas.Originally posted by @Erik Whiting:I think in a deal like this, the most important factor would be the quality of the local Section 8 housing administration. 

My county calls these labels DOR use codes.