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.

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. 

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.

Marie Poe...her account is deactivated, but a search may turn up some of her info if you search the name and someone mentioned her in their replies.

If you don't have a crazy house like a potato, a tremendous view or historical area, then choosing a pic is harder.I like the idea of the game room if that is your best feature.

Our first event may be geared toward beginners but I’d like to have discussions at all levels & all different topics.It will only be 40 minutes long max, because that’s what my Zoom account is set up for.See our announcement on Bigger Pockets here:https://www.biggerpockets.com/...I’ll be discussing some of the most common questions people have about real estate.

What is historical occupancy?

The property is livable, but I am account for a pretty significant turn in 4 - 7 years of paint, flooring, and any miscellaneous repairs that the inspector could have missed since it was occupied.