Cash-out refinancing can be a great way to leverage equity, but there are other strategies you might want to consider to hit your goals faster.1.1031 Exchange: Rather than just refinancing, you could trade up to larger or better-cash-flowing properties tax-free through a 1031 exchange.

Start building a team of Realtors, trades, title companies, hard money, private money and mortgage brokers etc.

My dad told me that after the house had been sold that he realized that together with him doing and handling the business and bookkeeping aspects of the business and me learning the trades that we could become a lethal combination.

Running title on a Deed in Lui is to those of us that trade in the bizzness common knowledge but agree you take a mom and pop starting out..

The Major international border project is nearly complete called the "Gordie Howe International Bridge" This will increase the connectivity between Detroit and Windsor Ontario and create synergy which will change both riverfronts and the surrounding neighborhoods "As one of Canada’s most significant infrastructure projects, the Gordie Howe International Bridge is creating thousands of jobs and driving economic activity today and will serve as an important trade corridor for Canada and the U.S. once complete and for generations to come.

If not, then walk away, but keep an eye on it to see if it trades.

For depreciation and cost segregation benefits, the property must be used in a trade or business (i.e., generating rental income).

I would also try to get my hands on as many OMs to see what assets are trading for.Gino

Hey BP family,Know of any good GCs, or specialty trades [flooring, plumbing, electrical, etc.] in  Toledo? 

It sounds like you are mashing a lot of different things together here.It does not matter at all if you have an LLC, or if you, or your wife is the owner - it doesn't change any of the tax positioning in the slightest.The test to be a qualified Real Estate Professional is at least 750 hours in real property trades or businesses AND  over 50% of your professional time.