Quote from @Michael De Oliveira: Is it a good idea to use an interest only mortgage to finance a first time investment property?

Quote from @Erick De casas: Hey everyone!

There are ways to de-risk this though (portfolio architecture I guess their calling it).

I cleaned it out and tried every cleaner, bleach, and internet concoction to de-smell it to no avail.

A DST is a Delaware Statutory Trust, which is a 1031 exchangeable syndication that will allow you to keep the same exposure to your property type of interest without actively managing the property.

He just de-staged a house that was asking $1.6M when they staged it. 

@Amanda Rodriguez de Carvalho there are businesses that already offer that service.

 :))For my deals, I have structured them exactly as you have described having a "parent" LLC if you will that is the managing member of the other property LLC's.Most lenders for larger deals will want a specific SPE (special purpose entity) setup to acquire the property and usually the entity of choice is an LLC formed in Delaware for legal reasons.Not sure if this diagram is helpful to you, but wanted to pass along

For example I know that in Delaware I was able to transfer a property I owned into both my wife and my name, without triggering a transfer tax.

Capital expenses after/while the unit is in service is depreciated per its schedule or deducted in the same year under de minimus rules.