In addition to that, the septic tank is undersized for the size of the home.

In addition, you want a separate bank account for the rental property to separate it from your personal accounts.

You will lose one of the best benefits of the real estate industry, appreciation.

Additionally, I created MEC (Material Estimator Calculator), a unique residential renovation software that automatically calculates a bill of materials (BOM) based on the property’s condition.Overall, I’m thrilled to escape the Seattle rain and connect with fellow investors here in Arizona.

I'm just here to note that an LLC does not offer a single tax benefit, nor does it allow any deductions that aren't allowed without an LLC. 

Letting someone out of the lease is not the same as nullifying that the lease ever occurred; it is just an agreement that you won't go after any additional months of future rents that would otherwise be owed.

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and it's super landlord friendly (so you will never have to go through a 12 month eviction or anything close to that!).

My last note would be to try to buy 3 or less replacement properties, it makes the exchange much easier and you avoid some additional rules.

It solves the problem of expensive housing, makes the employees available if the business needs them at any time (with overtime benefits) and eliminates the commute. 

I also make sure to specify in the lease agreement that I need proof of coverage before move-in and that the policy should name me as an “additional interested party.”