I meant that I have low income, not that I'm necessarily interested in low in come housing. 

I've been sending letters to our various elected officials, it at least makes me feel better since they like to villanize the landlord.  

Becoming a rental manager meant I was highly motivated to learn as quickly as possible.

However, I sure do hope that Greene and the Bigger Pockets folks come out with an updated "post covid" BRRRR book or addendum once some of this dust settles post election sometime in 2021.  

@Nathan CrossWhat's the tax treatment you've elected for the parent and child LLC'sSo many options with LLC's

Working with a tax professional would give them a more well rounded idea of your financial situation and allow for a more detailed tax plan to keep taxes to a minimum... such as how you elect to have the LLC taxed.Significant profits in 2020 means your business is doing well! 

Since the place was left trashed, it didn't take too much convincing to get them to credit the security deposit to us, since that's what it is meant to be for.

I told me several months ago, and just this past week, NO, I have no other plan other than keeping it all in cash at least till the end of the year, after the election, because we have no idea what will happen to the Pandemic, and how bad the economy will crash.

They are not meant to be long term options but ways to help get your foot in the investing game!

When I first stated this proposal, he thought I meant he would additionally get 34% ownership of the property and therefore 34% of the cash flow.