All multiple layers of LLC's does is make work for lawyers and accountants.Not to mention you can likely get a LOT more protection with a liability policy for the cost of all of that extra work.

Really that simple.Of course, the pitfalls are:- Extra time/effort/risk in permitting- Extra holding costs- More risk to the budget- More risk to the project if you're experienced/comfortable doing additionsI think this is something that any serious rehabber should have in their arsenal, as when inventory gets tight, these types of deals are often the ones that are available/profitable.

My tenant has at least 4 extra people in the property that are not on the lease, that totals 9, she just signed her lease this month.

We like the idea of investing in real estate to generate extra cash flow.

Not sure if they burn off extra gas??

I have a conservative budget set that even allowing for extra personal expenses we can save $15k-$20k per year.

But your ARV would still be the same as your extra quality was not so much an attempt to push the ARV up as it is to push the holding costs down.

They may require more skin in the game and will probably critique any potential deal extra closely but you will probably be able to find one.

As long as 75% of the rent will cover the PITI on your investment property, lender will give you a loan.If you only need $600 to cover your PITI, the extra $150 from your rental income is considered as positive cashflow, which will help lower your overall DTI.

It's definitely more for the service but the forecast says the high is 30 degrees today and it's going down to the teens tonight so the extra charge is worth it to me.thanks again everyone!