I've been doing this a decade and a half and hate short term leases, however, in this climate, if a tenant is not paying I will choose not to renew the lease the following month and tenant is now a holdover tenant versus just a non paying tenant.

He wants to start another business to be able to support his family when he moves to new york and he is aware the cost of living will be substantially higher in New York versus Albemarle North Carolina.

Automatically drops at midpoint of loan.You never get MI back.You can do a cost analysis of paying the MI to that point on the amortization schedule versus having to increase the down payment.I think investors want to avoid MI because it feels like wasted money.

First, you want to consider the legal structure of an LLC versus Corporation.

The benefits really depend when counted against how much capital gains you will face versus a decrease in flexibility when buying a new property.I would buy a rowhome I can legally subdivide into two units in a desirable area with a strong tenant base though!

It's a little easier to envision approximately what a block is versus a fraction of a mile.

I'm not sure if you've discussed the actual logistics with your lender versus him just saying "I got you we'll make it happen" so apologies if I'm repeating info you already know haha

So with the discussion of an LLC versus personal home ownership, people usually talk about liability and privacy.But If I understand the logic,If I get a 2000 rent payment this month to my LLC, I can buy a new dryer and washing machine with PRE TAX money and at the end of the year, it will be as an expense - thing that we cannot with having the house registered to ourselves. same thing in re-investing the money.Can someone explain to me that logic?

@Patrick GledhillHey Patrick, why do you want to invest in Fort Myers versus Denver?

Sometimes when you involve an attorney that puts the tenant on the defense versus keeping it a very friendly personal interaction.