Can't speak to the organization in Michigan but generally the benefits of a well run STRA far outweigh the costs.I am a property manager in Hawaii so we are constantly being hit with new anti-STR legislation and have a large, well-funded hotel lobby to deal with constantly.

Will be first investment property.

Initially, I was hesitant about buying property due to the potential expenses, but I realized that approaching real estate as an investment could yield the financial freedom I’ve always aimed for.The Start of My JourneyIn December 2023, I decided to devote my spare time to real estate.

@William CoetLook at what a property was worth in major cities back in 1990 compared to today and then use the same for properties in landlord friendlier states.

Is it not true that when you lease your property to an LLC and have the LLC manage tenants, you create a legal barrier between yourself and the property’s operations.

Before asserting the tenant's liability, I would encourage you to seek legal advice in the state where the property is located and move forward from there.

Hello everyone,My Canadian company owns a residential property in California and I want to sell it to my own personal name as I am closing my company.I don't know which professional to consult to help me do the transfer besides my CPA.Can I do the transfer of the deed myself (going to the County Recorder’s Office) and just check with my CPA for taxes due?

We also have 2 investment properties within about a 15 min drive of where we live.

Negotiating the seller down on sale price from $200,000 - $185,000 to build some instant equity in the property.

Check local regulations.First, verify that your local zoning laws, HOA rules, or condo bylaws permit renting your property.2.