Consult a CPA or estate attorney to ensure compliance.This post does not create a CPA-Client relationship.

Our relationship has terminated.

Between a 1031 Exchange, HELOCs, and a partnership, I'm up to 15 doors including my personal residence.

The agent is the person who will have all the data, when you do comps are they on Zillow or Redfin?

I both personally invest in real estate and help others gets started/expand their portfolios in various Midwest/midsouth markets.What I do with my kids: My wife and I have 2 of our rentals that are on the same street, with a home in between them.

Consider whether an LLC is right for you—it can provide liability protection but isn’t essential for a single property, as personal liability insurance and an umbrella policy may suffice.

Personally, I'm fine with it but I'm not very demanding for a sofa so it means little.

For me personally, it was worth making the switch because of how much money I stood to save and the flexibility to run things the way I saw best fit.

The tenant has two types of coverage: liability and personal property.

For me personally with the lessons I have learned - I would build capital before buying anything to hold / flip.