So you may want to put 5 properties for a total value of $100k in one, while you will have another $120k single property in its own LLC.- You can transfer any property to your LLC.

This makes 7 units for us total.

Small town rents, so when building is done, total rent for building will be $3k/mo.

Offer to give her an offer with the assumption that the house is in total disrepair and will have to be gutted with everything replaced.

The obvious thought is to not claim any as it is my first property and there will be only around $4k in revenue this year anyway but my thought is that I can potentially claim and increase my taxable income which will raise my Debt/Equity ratio in order to purchase another SFH or small MFH next year.

I have been reading loads of books (my all time favorite is Crushing It in Apartments and Commercial Real Estate), listening to podcasts (favorite is obviously Bigger Pockets, also Jake & Gino’s Wheelbarrow Profits), and reading a lot on the forums.I currently run my own personal training/online training business.

I pay 3 different taxes that total about 4%, a year, in the house cost.

(ah, so paid answering service given the script "this is zillow" I use one as well for my business accept that the service pretends they are in my office referring the call to me instead of pretending to work for a totally different company in a bid to trick the caller). 

Thankfully he lost, but I'm worried about the *TOTALLY REAL* ballots they keep "finding" in South Florida: "Gosh look at the 200 ballots for Gillum I found behind the Cap'n Crunch in my kitchen cabinet!"

Obviously he could put them in his name by then.A good renter is NOT only someone that pays on time.