Setting clear expectations upfront with a detailed lease agreement is a must.Consider Property Management: If managing the property starts feeling overwhelming, consider hiring a property management company, even if just for the rented units.

Hi,I am planning on setting up a multi-member LLC either in North Carolina or South Carolina to house the rental properties under, and wanted to reach out to the community about which state is more favorable to holding rental properties - assuming that the property can exist in either state.Thanks in advance!

Will your savings grow faster than property values?

When you tell your friends you are a real estate investor, they want to hear you are investing in flips and cool multifamily properties.

You can speak to the lenders you are talking with about their debt to income etc. if you are getting conventional loan they will take that into consideration, if you go with a DSCR loan they look more at the metrics and financials of the property.

I was a little busy dealing with the hurricane (buttoning up both rental properties as well as my primary home) and evacuated myself on the 8th.  

Can you sell your currently live in property to your LLC?

I'm scaling into a commercial property and starting a boutique hotel.

I want to add AC to this property and leave the boiler in place.

I recently went into a 50/50 LLC with a college friend to buy our first property in the college town we attended.