When looking at the property today, and the current rents that it is getting, anyone can see that the property is clearly underperforming.

@Laura CasnerFocus on quality over quantity in real estate investing, celebrate progress, refine criteria, explore secondary markets, and explore different property types.

I’d appreciate your insights on a complex insurance setup for my recent property purchase.My Setup:• Property purchased in FL under a Trust• Trust is owned by an LLC in FL• Holding company LLC in WY owns the FL LLCSituation:I acquired the property through a subject-to (sub-to) deal, taking over the seller’s mortgage, and I’m arranging insurance coverage.My attorney suggests I:1.

However, I heard East Cleveland is a D to F class area.For those of you with rental properties at or near East Cleveland, what is it like managing rental properties over there?

It's technically not an ADU if it's the only property on land as it's an accessory dwelling unit to a main unit.

If you are brand new, drive around and make notes of just a few properties that might be looking to sell based on their upkeep.

If you do not have a property lined up already, it may make more sense to go with A HELOC.

We are interested in a property next door to our current flip, but our funds are tied up in the current house.

Hi @Lake Bradford, there are some properties that are still available for rental and you can limit your search to those or you can consider buying and once you decide if you want to move elsewhere, sell the condo and take the equity/appreciation and invest in a home elsewhere. 

If your adjusted gross income (AGI) exceeds $150K and you are not classified as a real estate professional, passive losses from rental properties cannot be used to offset your earned income.