Purchase was in year 5 for $200k.Offer letter was detailed and described my reasoning for the offer and had a picture of the family and kids on it (play to the audience).Offer was refused.

That will give something for the seller to think about.My next steps are to have discussions with the HUD office, as to how the expenses really play into the rental subsidies.More to come.

Hi Meredith,SFRs in Ann Arbor proper are an appreciation play. but cash flow in the surrounding areas can be great.

Ideally, I would like to aim for long term wealth and passive income.

The LLC is a pass-through or entity, so it is ultimately recognized as part of my single tax return.After all factual and legitimate accounting, the tax exposure can be significantly minimized with proper planning, documentation, and execution.Again, I’m not a tax professional and I don’t play one on TV.

Hi everyoneNewbie investor.I just found one of the bigger pockets books recently.I currently live in an RV and my ideal first investment would be a duplex that I can completely rent out.

Cost segregation is really a play on the time value of money but one should also consider the impact on tax rates and the expected length of ownership.2. 

Eric,As I am not a lawyer, take this with a grain of salt.My understanding is that an LLC is ideal for many investors when the business itself generates a certain amount of income, usually under $40,000 per year NET.

Ideally one that has some value add opportunity via rahabs. 

If you have like 3-5 deals going that would be ideal I would be able to see couple different areas and learn about this market a little bit.