This is one month of actuals, so I am curious to see in the coming months how well it performs compared to what I thought the market rate for rent was (2 years ago).Hope that provides some insight/is interesting because I thought it was!

Go to your bank and they can provide you with instructions.

Rates tend to be 25 to 50 basis points above commercial (5+ unit) apartment building loans, and 50-100 basis points above residential (1-4 unit) loans.

They're very different thankfully so it feels like there's always at least one who's acting like a normal human being...A defeasance is something that happens on commercial properties when a securitized loan (like a CMBS [commercial mortgage-backed security] or agency loan) needs to be paid off early, either when you're refinancing or selling your property that has a loan on it.

By electing QBI safe harbor, you ensure that your rental activities qualify as a trade or business under §199A, provided you meet the 250-hour material participation rule and maintain proper records.

Establishing the LLC in IL first does not provide any additional benefits in this scenario.

@Shaun Ortiz providing for the future needs of my family, RE is my retirement planning vehicle of choice.

I flip with cash, not loans, mainly because there are not enough deals out there that meet my highly selective acquisition criteria, so no need to pay interest on cash otherwise sitting in a money market account. 

To us, its a "Bridge Loan" (lol).

To all of those providing rental housing in the Cedar Rapids market, I'm curious to hear from YOU!