Your investing approach will be determined by your understanding of your goals.Analyze your financial status right now.

It's crucial to have a system that not only keeps the numbers straight but also makes financial reporting and analysis as painless as possible.I've been using Baselane for over a year but would love to hear others opinions on similar softwares.

If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.Here’s our OPINION for the Metro Detroit market (always verify each area for yourself!)

Again, you will likely need a key principle to co-sign your loan (typical financial requirements are 10% of loan balance in liquid assets and 1:1 net worth to loan balance), but Fannie and Freddie are both well versed in lending to LLCs where the GP has minimal capital personally invested in the deal.  

You can't take them to court or hire an attorney to collect unpaid rent or damages.My recommendation - if your state law allows - is to take a larger deposit of two or three months rent to protect you.

@Troy Welch,I recommend finding an accountant that specializes in real estate taxation and financial planning.

Account Closed: All 3 you name are part of our goals: financial independence, quitting the nine to five, and leaving a legacy.  

HelloIn the early 90's I had been working in construction and it had been drilled into me that real estate was the best way to financial freedom. 

Additionally, they've agreed to pay $200 more per month than our current tenant, which is an offer that aligns well with our financial objectives, even as we plan to adjust the rent upon renewal for the existing tenants.This MTM arrangement also perfectly aligns with our plans to make improvements to the property.

The one where you build a rock solid financial position over time.