I am no where near the level of @Bob Malecki, but I have never seen any of the assets I've purchased either.

Here are the figures:House 1 Purchase Price $110,000.00 20% down 30yr fixed 4.75% 3-2 CBSEstimated value: $197,000.00Mortgage : $81,000Rent: $1,450PITI: 787.37Vacancy/Capex/M&R 18%: $261.00FCF: $402House 2Purchase Price: 131,000 3-2 20% down 30yr fixed @ 4.5% built 1983 CBSEstimated Value: $170,000Mortgage: $99,641.00Rent: $1350PITI: $837.42Vacancy/Capex/M&R: $243.00FCF: $270.00I’ve always been of the mindset to hold any income producing asset that produces cash flow, I mean why would you sell it?

In my case, I want to keep properties in different parts of the country and have a good property management company to take care each of them (so less headache and more time to focus on increasing your RE Assets).

Do your research before setting up an out of state (OOS) LLC while being a CA resident.LLC in CA has a minimum $800/year cost/tax.You did not specify why you are looking at LLC but if it is asset protection an umbrella insurance coverage is another option and typically is less error prone. 

The city basically seizes the asset and sells it. 

not been missing something, it does make me wonder if there simply is no better overall approach than holding RE assets in my name to get better lending terms, and loading up on umbrella insurance.The prospect of getting loan terms that don’t come close to what I can get as an individual in exchange for getting to own through an LLC just doesn’t seem to be worth it.

□Have you reviewed your asset allocation (based on current equity values and debts) between individual LLCs so that your investment risk is diversified?

Do you use a particular software/app?

Hey everyone looking to see if someone know or does funding options looking to possibly refinance a hard money loan of $105k across 10 properties, 12 units all rented in rochester ny. Paying 12% interest all on time a...

Business Start Up Expenses are intended for things like market research, consulting with lawyers and accountants, researching business locations, etc before actually going into business.Remodeling expenses are remodeling expenses.Also, no ad in the world is going to save you from the "Asset in Service" rules if the property is not actually habitable.