However, it becomes that many more accounts to balance at the end of the month, usually another ledger set for that account, another debit card, another set of checkbooks (good luck keeping them straight)Another way to look at it, which is where people get confused, is to be organized you don't need more bank accounts.

.#2....Get with a loan officer to get prequalified or underwritten for a loan to see what you will need for down payment, closing costs, prepaid fees.#3....Get a realtor and go shopping.Texas is a giant place....for example Dallas to El Paso is 1/2 way to LA.....so 1/2 the trip is within Texas...so you'll probably want to buy in a combination of close to where you will work, then in the price range that fits your income or borrowing power.

Is there a way around this so I don't have to keep using my personal credit card or business debit card?

creating an LLC for each property sounds like an administrative nightmare.Imagine having 10+ checking account numbers, 10+ debit cards, 10+ checkbooks, potentially 10+ tax returns...etcLook for the right fit of properties within 1 LLC where you feel comfortable with the exposure.Consult with an attorney.

The taxes and the prepaid insurances are non-deductible.

@Troy MartinEveryone covered it here - rents, security deposits, property taxes, and anything prepaid.

You've got significant title charges, taxes prepaids etc..., but it's a good size loan which equates to larger costs.Stephanie

But if it's only costing you a couple of hundred bucks living in a property that is getting at least 5% in appreciation while adding in all the other factors like debit yield & income growth.

$40k saved up for starter rentalHey I’ve been saving up aggressively to get into rental investments I’m currently in college using gi bill and I will be for sometime .I wanted to use the va loan to get a house because...

Showing a loss on the rental went against my debit to income.