Additionally, they should help with coordinating your home inspection and if needed, getting GCs to walk and get you an itemized bid as well!

From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party. 

We also allow users to amend a post at any time with additional information.We have no plans to change how the forums work as it pertains to the deletion of posts.

If you know of anyone that would be an ideal fit for this role, please encourage them to apply.We're looking at designing a mobile experience that will, in the long run, offer:1) Networking and Community features as powerful as Reddit or LinkedIn2) Educational/News features as powerful as the WSJ or NYT applications3) Market and Deal Finding Capabilities as powerful as Redfin, Zillow, or Realtor.com4) Portfolio Analysis, Property Management, and Wealth Management capabilities.If you have any additional suggestions or features that you'd love to see in our next mobile app, please post here, or message me directly.

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

Additionally, lenders may require a release price (a specific amount to pay down the loan) for each property sold, which can complicate the strategy.It’s worth discussing these details with a trusted lender or mortgage broker to ensure the plan aligns with the loan’s terms.

You can later transfer the property to the LLC, but be aware it might trigger due-on-sale clauses or additional costs.

Letting someone out of the lease is not the same as nullifying that the lease ever occurred; it is just an agreement that you won't go after any additional months of future rents that would otherwise be owed.

You will likely need to rehab for any strategy but Co-Living will be more bedroom additions which is less cost compared to kitchen and bath remodels that are more needed for furnished rentals. 

Additionally, we have equity of approximately $145,000.Now, we are faced with a dilemma: should we sell our current property and purchase in a more favorable neighborhood, or should we rent the house and let it pay for itself.We would greatly appreciate any advice you may have.