Location location, location.

You can have the PM LLC collect all rents & other income and pay all expenses from an Operating bank account and hold all security deposits in a separate account that meets your state's requirements.

For example: If I bought a house for $200K, and the quote to construct the very same house in the same location is $300K, then the value of improvements should be considerably high ($200K) and the value of the land be considered negligible (closer to 0).Of course this helps depreciate more improvements in the life of the property, but I would like to hear your thoughts on whether this logic would hold up with IRS in the event of an audit.What do you think?

Lender's typically offer the best terms when they can secure a senior/first position lien.It may be more beneficial to find a partner, instead of a lender, who can help fund your acquisitions.

Jason,Even though that new Beta feature for attaching documents has some limitations to 2 docs, you can use the URL tags to create a hyperlink to the storage location of those docs ...BTW - thanks for the insight on some of the "inner workings" of your operation.

The property I'm looking at is also conveniently located near a college campus, which I believe could be an attractive factor for potential renters.I’m reaching out to this community for insights and advice on a few key points:1.

I am located in NY, so it is a long-distance investment.

They could also retaliate by taking unfair deductions from your security deposit.

I’m looking for the best ways to build my FICO score.Most likely, it will be a secure credit card, but do I need to have a US address in order my FICO score?

Still I am not sure how much value a lender is going to put on a lease location, considering a lease is a liability, not an asset.