Hey William,   after checking out your report,  if the property is in our area,  the monthly taxes is low or the assessment maybe low and will go up after you purchase,   and I didn't see a line item for insurance either,   you may have trouble getting a 30 year loan on a multifamily,  I'm sure its possible, we are closing on one this week,  20 year @ 5.25%.   

We are looking to acquire more communities but it seems most of the communities we're assessing in the Southeast/Midwest come with significant park owned homes (POH). 

It looks like we are going to close our first deal tomorrow and I have a question about the non-refundable deposit from the purchaser.

We are looking for a CPA and have 4 rentals - 2 active and 2 in the pipe and try to keep one flip running all the time (4 completed so far).  

Question 1: Even though we are careful to track ALL rental expenses that are paid using our personal credit cards, is that enough separation from personal accounts or MUST we open a separate credit card for each LLC? 

I'm just concerned that we are opening up another can of worms as it is more than likely that it will be high in other parts of the house as I suspect the wall-to-wall carpet is contributing to the high counts.  

My broker and my wife think it's much better to rehab and sell it than rehab and rent, in part because it has a pool.So now we are in the process of buying a house, to remodel and hopefully sell fast enough, and that's when I started wondering about taxes, liability and what not.

I found a hard money lender that closes in 5-10 days so we are still working on the paperwork. 

If you are brand new, you will probably need some more study to assimilate all the jargon that we are using.

Given where we are in the cycle pickings are slim.