And for any who question how legit my info is on sec8 Payment Standards, here ya-go, the current 2024 rates in this area.

I think having a balanced budget would be ideal where you allocate money into buying another property and money set aside for renovations.

@Tannia CastroWelcome to the exciting world of rental property investing, Tannia!

Hasn't been an issue for any property I've purchased."

Just because the property can close in an LLC with a DSCR loan, does not mean the loan is made to an entity.

This is the only property we’ve ever seller financed, in case that clears up any questions you have about Dodd-Frank compliance implications.

Quote from @Avani Patel: Hello, it is really time consuming for me to analyze each property by manually entering its data to calculate the return. 

@Lauren Ruppert Yes, an LLC can sell a property to your child’s LLC, ideally at fair market value (FMV) to avoid gift tax complications.

I would also purchase the property and not the LLC unless you are a seasoned investor with a good attorney.

A more realistic expectation is 24 hours which will ensure we can arrange any repairs or corrections with a team, handle it in person, etc. be curious how this plays out as I worked for local developer for a while and developed several properties in Alexandria (Specifically old town) and while the city is challenging like any city - they were mostly realistic.