Otherwise you will have to pay higher rental mortgage rate.4) If all goes well, you buy your new home to live in with FHA 3% down or FNMA 5%+ down and rent out unit you were living in. 5) Yes, you may have negative cashflow on the rental for the next 1-3 years, until rents increase, but this is part of investing.Be sure to calculate any changes in the rental property taxes and home insurance resulting from you moving out.

The taxes on this property according to the listing is $15,000.

Does that include taxes and insurance? 

I work with a handful of investor friendly lenders that don't require W2s or tax returns (lending is based on the property not the borrower) but am always exploring new avenues.

Not to mention I got to write off over $175k from my income taxes using a cost-segregation study.  

I have a fund seeking to make section 8 investments on 4 or fewer unit properties in landlord and tax friendly states such as Nevada, Florida, South Dakota, Utah, and Tennessee. 

I'm curious on how best to structure this approach: Who owns what, who gets what, rental income & depreciation (all tax treatment).

My question is what is the best way to set up out LLC, and should we be taxed as an S-Corp? 

I then have my Chase Business Account linked to Stessa so it will import the payments and still run all the features that I like (Tracking Rental Income, P/L statements, Tax form simple print outs) because it will sync with my Chase Business account.Would love some advice from previous owners and users of Stessa.

It helps to have started when $15k got you $700/mo in rent.haha,Love you to mate.If James was "over sexed" he would have less of an "urge" to bombard us with so many key-words.I hate to love him 😘10+ years ago we got 1 Toledo keyword every other week.Not it's almost 10 per day.Happy for Toledo and always has a special place in my heart.Yeah mate, those $15,000 deals are just a dream now but we had a 10+ year run so can't complain.Cheers to another 10 years and keep being great 🙏 I'm still buying, hell I am still filing tax value appeals so they are below the friggin value there.