For ease, think of the Series LLC as the parent LLC and the individual series as the children.

I became a BP Pro and have been practicing with the calculators, along with reading and listening to their books.Like most, I am nervous about pulling the trigger, but I know practicing with the calculators and focusing on one area will ease the nerves a little.

This will tell you that agents like them because of prices, perception, etc and that PMs like them because of ease of rent, quality of tenant, etc. 

I also use ZellePay ease, free, and very fast.

Review title commitment and survey to make sure to deed restriction and/or HOA in place that would stop you from doing 4 plex2) Meet up with City/County planning office to make sure 4 plex can be build and lot has enough parking spot . 3) Talk to an architect to get an initial foot print, layout and foundation type (i.e. pier beam or post tension slab) 4) Bid out to get estimate for both soft cost (survey + construction drawings + Permit) and hard cost (cost of building)  Without #3 you really cant get hard estimate Problem is that you may not enough time to hash out #2-4.. prior to closing the land .. 

What you’re also going to want to take in to account (and I’m not sure these fit into an excel sheet) is the benefit to buying owner-occupied-from loan flexibility and down payments to reduced living expenses and ease of self-management.

@Yolanda EilandYolanda thank you so much for that my brain is at ease.

@Alexandre Lalancette I would say that doing single family first is a good way to ease into investing however if your end goal is multi family I’d just go for it right out of the gate and master that area.

That would not only let you use the 1031 for the improvements to the new property, it would also ease the calendar angst of each individual exchange.Nice problem to have - congrats!

I also sent them a $20 gift card, with the letter, as a nice gesture to hopefully ease any fears they may have about me as the new landlord of their home.