What you are doing with the LLC doesn't make much sense to me since you won't be able to buy in that LLC unless you have cash or are using a DSCR loan.

DealCheck is not free I have been using a free version.

But from hearing others I think I might be worried about this one for no reason.Regarding physical costs, yes, I was thinking of using a software service.

@Josh Hollman To tackle your $100K credit card debt and prepare for a second rental, consider using a HELOC or Home Equity Loan on your primary residence to consolidate the debt at a lower interest rate.

If you're using a DSCR loan, this will be lender specific.

I will be buying the business using a sba loan with 15% down and my plan is to build one apartment immediately upon owning the building.

Then, we match that journal entry to the bank deposit transaction so everything is reconciled.So, you'll record each line item your PM gives you via their monthly owner statement using a journal entry within Stessa for September 2024 dated 09/30/2024.

Saying management shouldn't differ based on class of property is like hunting a bear using a fishing rod.

We purchased the property using a VA loan intending on living in it for a long time.

@Niaz ButtI’m either calculating it based on a similar project or using a cost psf that I know is very conservativeFor developers who’ve done many many projects they have the advantage of having so much more knowledge than I do