Only hiccup is you have to move in the newly acquired property.

Hey all, we're just moving out of my house and decided to rent it out bc its too far from our newly relocated jobs (lots of questions to come on that in later posts im sure).

I have a newly formed LLC that I will be using to hold my rental properties.

Pay off the LOC (with minimal interest expense) and I have a newly rehab'd property which I can get top $$ rent for, have 20% equity in and most importantly NONE of my money at risk.

Tim,Do you have access to the old properties managers lease agreement with the tenant that is currently in your newly acquired place?

Providing they have the income, I have had good luck with newly divorced or divorcing women.  

And just like sports I strongly believe that mentors and coaches are the key.Now with Houston as my stomping ground again and my newly acquired, expensive, college education.

For instance, it mus be a newly formed LLC that has never issued units before.

A couple of units are going to be avail.in 2-3 months, only the one that is rough has a newly signed lease.Also...I am not sure if all the rents in the area are high (I know across the street there is an 8 unit that is priced lower than mine) I am a big fan of Dave Lindahl and when the lease is up...time for a market increase, so that is why I aggressively raise the rents. 

While many homeowners will be devastated and not have the means to rebuild, many others will, after some hard work and sacrifice, be able to move back into the newly remodeled home they only wished they had before the flood.