Additionally, if the Sarasota home has been their primary residence, all gains up to $500k will be tax-exempt, so there will be no tax bill to pay (consult your/their accountant first to confirm).

The term lenders and loan guidelines use to determine how long you must wait to cash out refinance a property is "Seasoning," in this case, Seasoing refers to the length of ownership of the property, but lenders also use seasoning to determine the length of loan, and the amount of time you have had funds available in your bank account so you are looking at ownership seasoning. 

To open a DBA bank account and such you need to file a "trade name report" which is $25.

I'd like to use an online legal source to set up a living trust containing one asset only: a single family home.

At today's rents that's decade(s) of net rental income even when taking into account any potential increases.Rents however would get $3k/mo on the high end, and more realistically around $2.6k/mo.

Right now there are plenty of cash accounts that are paying 4.5 to 5%.

Account ClosedOkay-Sounds good!

But if you're unable to figure it out from the vast online resources, haven't met people doing it through REIA and trade groups you probably lack what it takes to be successful at it.

Other than speaking to locals, I cannot think of stuff that can be done in person and not online (schools, crime rate, employment opportunities, etc.)However, I am still a novice in all of this and was hoping to hear from those who have been there, done that. 

Hello everyone my names Diego madera I’m 17 and I’ve been learning about real estate for about 2.5 year’s now I started by learning wholesaling but I haven’t taken any action this last year I learned about house hacking and fha loans I’m really gonna focus on building my credit and focus on getting my license since I turn 18 this year and I really wanna aim towards getting a triplex where I can net positive cash flow and just keep on progressing from there this is my first post that I want to hold my self accountable with