Investment Info:Small multi-family (2-4 units) buy & hold investment in Oceanville.

My overall goal with real estate is to have a small portfolio of STRs and LTRs that I'd hold to sustain my lifestyle going forward.

What I don't understand is how should I think about the tax benefits when holding rental property in an LLC.

A home equity loan gives you an option of having fixed debt which is safer if you plan on using it to buy a long term rental buy and hold scenario.

That juice may not be worth the squeeze for most.As a result, the majority of investors are looking at BRRRR's for long term buy and holds in Detroit.Happy to talk through the nuances or send you some Detroit specific resources.

Not looking to game the system and using the property for ourselves is part of the plan as it's where we normally vacation anyway, so considering that the 10% down payment is much more appealing if we are able to balance out the rules and keep the cash flow positive. 

That wasn't surprising since the country's credit rating is B-, deep into junk territory.After writing that reply, I decided to forever hold my peace on the topic in this forum (so you're making me make an exception ;-)).

Getting a hold of that document would be important for understanding your rights, and 1sts generally prefer to be bought out rather than going to foreclosure. 

Decide which game you want to play.

Investment Info:Mobile home buy & hold investment.