This is exactly what he told me about his license. " it's an OSHA/MSHA licence through the federal government, so Texas won't show it, but they do recognise it, because of the higher standards required for it."

If in fact we exceed this number would we then be penalised or could we at that time make appropriate modifications as for how we are to be recognised by the state for tax purposes?

http://realestate.ipe.com/news/markets-and-sectors/real-estate-recognised-as-an-asset-class-sp/10004740.article

The goals you have influence your decisions and they determine, largely the metrics you choose to use to guide your decisions.Briefly - it's a seller's market here right now - virtually every SFH I've either sold or bought has been a multiple offer situation in the past 10 weeks - inventory is historically low and rates are low and prices are projected to continue to rise over the next year at least in the SFH sector so selling right now - all things being equal would be relatively easy which could stabilise a 1031 situation - however if you plan to buy in a tight market ( Oregon) that would compromise the original impetus to increase cash-flow.It is entirely possible to manage a small remote rental yourself if you have support locally and want to maximise cash-flow - 10% of $2150 = $215 + $120-170 extra from refinancing if you do not extract any equity = $335 - $385 extra revenue per month if you harness the PM fee and the reduced mortgage payment.If your objective is to grow your portfolio then you might want to leverage the hot SFH market here and sell - maximise your selling price ( good Realtor and good target market asset positioning) and invest in a below market Triplex that you can force appreciate and set yourself up to pull the equity in a refinance event later down the line, collect good cash throw off and leverage the asset to speed up your portfolio growth...plus owning a MF builds your lender credentials more than a SFH if you want to scale up in the future.I always have my clients clarify what their primary goals are with their investment portfolio - it matters and it really helps you to get clear so you can recognise what a good opportunity is for you.

Courts do not recognise landlords time as having any value but will charge tenants for warranted  contractor costs.You will need pre move in pictures as well as pictures before and after the clean up.

After a while you will not even have to think about deals, since you will be able to recognise a good deal when you see it.Later, depending on the way you will finance your deals you can get deals through wholesalers, agent pocket listings, direct marketing, driving for dollars, auctions, REO's, referrals, probate lawyers, local REI meetings etc... 

I recognise that just saying to a broker that I want 20% cash on cash is silly, but that's what I'm looking for.

Around every corner is an opportunity, if only you'll recognise it!"

If you show up at a live MeetUp or other networking event, do the people who connected with you online recognise you in the room?

But if I do a UK LLC what are the USA tax implications. 1031 exchanges are good in USA but not recognised in UK.