Same thing with your HELOC, if it's a $0 payment, it's a $0 impact.Not discouraging the purchase by any means, but food for thought: "There's no free lunch" if you're getting a below market rate from the builder that's getting paid for in the purchase price.

Hi, interesting comments investing in Ohio is definitely the best way to go if you need a Realtor in Ohio, please feel free to contact me. 

If they report to Section 8, they are reporting on themselves as well.  

And then sell your current primary - take that money tax free to pay for college. 

The transfer should be a credit to the bank account, but the debit should be to Loan Payable for the principal amount and interest, and the rest to insurance and taxes.The LLC is a disregarded entity for IRS purposes and uses the owner's Social Security number to report on Schedule E, page one.

Can I keep the LLC as a sole proprietorship and just report it on my tax return?

There are so many so be sure to filter by your location. 4) Review Dave Meyer’s The State of Real Estate Investing Report 2024 (in your resource page as a member of BiggerPockets!)

We've been car-free for many years and want to avoid owning a car as long as possible!

Will,That's a question that involves a lot of detail and conversation to map out the LLC, Financing, Grants, and percentage of partnership should you decide to acquire more than 5-10 properties.Feel free to reach out if you want to discuss the scenario and I can try and detail some tips from my experience. 

If you purchased from the party who purchased at the tax sale you probably would have received a SWD because the Grantor would not have wanted to warrant anything other than the Grantor's actions.While I'd be surprised if a county employee opined on the status of your title, there may be a difference between having a clear title (one without a current challenge) and insurable title (one free of significant possible risk of being challenge in the future).