Diversifying your portfolio can also be beneficial, as it helps mitigate risks associated with market fluctuations.

That would result in both a transfer of cash and associated journal entries.If my LLC doesn't have a bank account and I've been tracking its assets in my accounting ledgers only, moving money for the sake of moving money would seem strange (and suspicious). 

Finally, short-term rentals can offer potential tax advantages, as many expenses associated with the property may be deductible.

However, I was unsure whether I needed to open a new bank to manage the finances associated with the property.

Cost of Borrowing: Compare the interest rates and fees associated with a HELOC or cash-out refinance to the hard money loans you’ve been using.

Bankrate explains:“Mortgage closing costs are the fees associated with buying a home that you must pay on closing day.

Any investing usually has a level of risk associated so you want to make sure you know exactly what that is when it comes to the flint market. 

Local EventsI am eager to attend some events near me and I did not see anything coming up soon on the Events and Meet Up page, but I did see this online from the New York Real Estate Investors Association (REIA) and am likely going to check it out: NYC 6th Real Estate Investors Expohttps://www.meetup.com/new-york-real-estate-investors-association/events/302291858/?

@Patricia Steiner As it is a condo I would think you could try to get the Association to do external pest control.

For residential multifamily properties (1 - 4 units), can you use a home warranty to take care of the repair costs associated with rentals?