Your insurance won't cover tenants and if you have a fire or claim that's another problem.Other issues: If tenants are not out at closing what's to say they ever pay you?

Work with a tax professional to make sure you are properly claiming income and expenses.

There are so many different factors that can affect the tax liability of the property, (especially as you develop a portfolio) and it's very easy to claim it as a loss if you have a good CPA.

(yes I'm aware of the due on sale clause but I'm not worried about it)When I do the quit claim deed, I will pay for the recording fees to county.

Hi All!I have a quick question. I purchased an investment property in Tempa, Florida this year. Right after I closed, I transfer it from my personal name to my 100% own LLC.Recently, someone mentioned doing that will ...

THE SECOND, I find a scenario where your claim does not hold, your claim is proven wrong, right? 

They did claim they were going to start charging 1.5% for rent payments bug I haven’t been charged yet.

I know some seasoned flippers claim to flip properties remotely throughout the country, any suggestions?

If I claim my parent's as my dependent since I will basically take care of their every need would I still qualify?

The long-term (10k/mo passive) can be pretty overwhelming and seem unrealistic as your sit and contemplate where to spend your 55k.