@Melissa StanleyEven if you set up an LLC with a partner there is no inherent tax savings by owning properties in an LLC.

BUT we do not have to save the property while we process the appeal.

Tax Savings with Cost Segregation: With a $2M property, cost segregation allows $316k depreciation in year one instead of $28k.

If you want to think about it as a math problem, it’s all about where you put your time to maximize returns while also factoring in what you enjoy doing.Picking the MarketI’m the kind of person who gets analysis paralysis.

Buy and renovate the property and in 6 months do a simple cash out refinance and pull out some cash and start the REI process all over again.I am North of you up in Pinellas County West of Tampa and there are also some great places up here that might save you some cash. 

I will save you some time by point out things that other Gurus or Section 8 investors wont tell you.1.

Living closer to work saves time and money.

A good PM can save a mediocre investment.

These small conveniences can save you time and money in the long run.For rent collection, you can try Rent.app, which is easy for tenants to use and keeps everything streamlined.

Yea give her the advance notice, maybe she pays and you save on the eviction fees.