There is great division among BPers on the LLC route versus umbrella insurance, both have merit.  

Their job is simply to disburse funds, transfer and record deeds according to the instructions of the contract.Also worh nothing that Title companies are regulated by the Department of Insurance, not The Division of Real Estate like Licensed (and unlicensed) Brokers.

We would like to claim a depreciation on it, but it seems that there is no information regarding the division between the cost of the land and the cost of the apartment (because, well, it's a single apartment floating in the air).

Hi everyone, I'm Rachel Odumu and I'm a mintly retired Division Athlete (Basketball) from the University of Hawai'i.

I found a vacant lot, 100x100 with possible sub-division into 2 50x100 lots.

To be sure I would call up their licensing division but it sounds like your plan should work.

So it's pretty much like a 7 year old house.Located in a little sub-division area; very quiet and little traffic.

Ill start by saying I have 0 deals completed.Anyway I don't even know how but I'm guessing through word of mouth through a family member a couple in their late 40s contacted me and asked if Id like to buy their house.Keep in mind I haven't done any marketing and wasn't expecting a call like that.So just winging it I guess I asked her a little about it.They just bought it November of last year for $85k with a 30yr VA @ 4.3%( I think I heard it right)Said her husband is on disability and her company sold her along with one of its divisions which is an hour commute everyday.

Have a neighbor at the lake, she's an IRS agent in the real estate lease division.

I have one rental that seems to be the only rental in a large sub division.