Keeping clean records from day one really helps when tax season rolls around.

The actual mechanism for moving the LLC would be best to consult an attorney or tax professional.

The seller may not want to do this, as many of these guys are benefiting from the tax deferral which comes with NOT moving title over.

You need to have the income and tax liability to support the depreciation.

Hey, I’m not an investor, but some unexpected costs to consider are closing costs, agent commissions, and most importantly, taxes.

(This is what we do, no upkeep,  and we love the 10% down, plus cash flow, principal deduction and tax write offs) Some of our investors use their SDIRA or 401(k) or pension to do this.4.

I currently have a pre-tax retirement account with employer match and a Roth IRA invested in the stock market.

At least now your tax basis is $220k ;-)  What was the extent of the repairs?

After closing, when the property taxes were due I never received any bill.

The sum total of taxes of each of the 4 units will usually be higher than if it were apartments.