For illustration purposes, the investor with engineering and/or construction background may excel building in a market where there is ease in doing business and can build efficiently whereas the doctor may have greater success in the established market where significant barriers already exist but can afford the entry price and can ride the waive of continued appreciation and offset their high salary by depreciating the expensive building they acquired.  

Nine  states are COMMUNITY PROPERTY STATES, where all property accumulated during the marriage, OR the INCREASE in value of existing separate property (property accumulated prior to the marriage), is considered community property which can only be divided 50/50, UNLESS the division is made to offset some other imbalance .  

Yeah nonrecourse is one of those things that exists in theory but is very, very hard to find in the residential space.

The business plan to pay untenable returns is not untenable, it’s non-existent.

For existing companies, individuals who own at least 25% of the entity or exercise substantial control over it must submit BOIR to the Financial Crimes Enforcement Network (FinCEN) by December 31, 2024.

New construction has a very different risk profile from buying existing properties and fixing them up. 

Ronald Rohde   It does exist. 

Demand for rentals is near non-existent in this specific town during the winter, and demand is extremely hot in the summer months.

They understand that there's value in what they provide, which is steady, documented income, minimal turnover, steady payment, quality references, no drama, and peace of mind.

I always hear that due to liability and taxes etc, investment properties should go into an LLC.What is the best way to turn my existing home into a rental?