To be clear, we inherited the house, but there is a complication that prevents us from being able to sell it for a few years, but we will eventually sell.

My closing costs were non-negotiable with the seller since I bought new construction, but I would highly recommend upping your offer to talk down the closing costs; use leverage to your advantage since you are young.The funding fee can be complicated and I cannot speak on how it works exactly.

At first this sounds like a good thing because its a cheaper entry level but the more you own the more complicated life can get.

@Abdul Aziz Tambadou we assist our clients with tax appeals.Read more about how Michigan Property Taxes work below:Michigan has some of the most complicated property taxes in the USA.

Not trying to rain on your parade, but this is much more complicated than just forming an entity and getting a loan.

It is complicated because these investments are long-term, illiquid and completely out of your control.  

Unless all utilities are included it gets complicated to divide these equitably.  3.

Our second land trust, however, turned out to be un-lendable due to our mistake of making the beneficiary structure too complicated.

You can go there and ask any and all questions you have.It sounds like you are leaning towards continuing to run your own bookkeeping which I think makes sense considering you have a few properties and just started.Bookkeeping for rental properties, especially when rehabs are involved, is more complicated than most people like to believe.

In most cases, neither is warranted.Warning: I am not an attorney, and this can be a complicated topic.