The advantage of the SBA financing is that you will only have to bring 10% to the table, but you will also have to show with the existing building and your Adjusted Gross income that you have the capacity to pay for the new debt. 

To answer your question, Accounting when you have a PM Company in place is tricky because your bank statement may only show a payment of $800 but in reality that may be the result of $1,000 of gross rents less $100 in PM Fees and $100 in repairs made on your behalf.Best of luck.

We also need to get more than 50% of the units rented so the cash flow is better and we can afford a PM, if that’s the route we go.One thought would be to be classified as an employee of the different property LLC’s while we accomplish the goals mentioned above, in addition to managing day to day things.

The more stuff (toys, decor, shoes, software apps, employees, etc), the less joy I experience.

Ugly furniture and cell phone photos ... and I was grossing $3,000/mo.

I am also eligible for the Section 121 exclusion for this transaction.I received two 1099-S forms from the title company: one reporting the cash proceeds (box 2 for Gross Proceeds) and the other showing no amount in box 2 but with box 4 checked, indicating the transaction involved a 1031 exchange.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

As such, you qualified for a truly self-directed Solo 401k plan (as long as you don't have any employees working for you).

., and Anderson Ave.Assuming your unit's value is consistent with the average unit sale, you'd have a roughly $90,000 gross profit. 

The Dallas one was 13 miles away from SMU in a submarket that will likely not draw one student, one faculty member, or even one employee from SMU.