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

In addition to public Service Jesse Brewer is a real estate broker with over 20 years’ experience in dealing with rental properties both as an owner / manager, but also as a broker selling them.

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. 

Principal balance currently at 314kProperty Details: It's essentially a "2-in-1" property, with the main unit rented out for $1,900/month and an attached ADU bringing in an additional $1,200/month.

In addition to the interest of the loan, you'd also be paying this as well. 

If things work out, we'd like to have at least 1 additional property before the end of the year and have 8 in 8 years.

Managing a team remotely can be tricky, and if they don’t perform well, it could become a headache you don’t want to deal with.

It's like when you're running a business - you sometimes learn way more from dissatisfied customers and their complaints, so, please, don't stop there, if you have more to add, add it!

If it’s cash flow, selling might make sense to reinvest in a better-performing asset.

Additionally, young adults are living together with no intention of marriage.