That way, if the partnership goes sideways my investment is protected in that I can enforce my note (receiving payments on my loaned funds) or foreclose on the property to obtain ownership.Are you planning to invest here in the States?

In my case, I want to keep properties in different parts of the country and have a good property management company to take care each of them (so less headache and more time to focus on increasing your RE Assets).

Do your research before setting up an out of state (OOS) LLC while being a CA resident.LLC in CA has a minimum $800/year cost/tax.You did not specify why you are looking at LLC but if it is asset protection an umbrella insurance coverage is another option and typically is less error prone. 

The city basically seizes the asset and sells it. 

not been missing something, it does make me wonder if there simply is no better overall approach than holding RE assets in my name to get better lending terms, and loading up on umbrella insurance.The prospect of getting loan terms that don’t come close to what I can get as an individual in exchange for getting to own through an LLC just doesn’t seem to be worth it.

□Do you encourage / require tenants to obtain tenant’s insurance, including liability coverage and fire liability coverage?

Hey everyone looking to see if someone know or does funding options looking to possibly refinance a hard money loan of $105k across 10 properties, 12 units all rented in rochester ny. Paying 12% interest all on time a...

Business Start Up Expenses are intended for things like market research, consulting with lawyers and accountants, researching business locations, etc before actually going into business.Remodeling expenses are remodeling expenses.Also, no ad in the world is going to save you from the "Asset in Service" rules if the property is not actually habitable. 

I don't wholesale much because I like to keep and own assets that pay me over and over, but you have the right idea Account Closed.  

Cash out of my pocket $6,000 closing costsRents at $2,400 monthly with 10% vacancy rateTax & insurance15% property management costCash flow would be $420 monthly/ $5,040 annually cash on cash return 89.9%Or $220,000 subject to obtaining financing (25% down at 4.5%) and inspection, other contingencies.Cash out of my pocket $58,000Rents at $2,400 monthly with 10% vacancy rate after Tax & insurance15% property management costCash flow would be $420 monthly/ $5,040 annually cash on cash return 14.6%I appreciate any feedback.Ginger