If you plan on getting more properties it’s going to be more complicated getting commercial loans or sometimes even standard mortgages for under properties under $100k ,,many lenders say the paper and legal involved not worth it for them . buying condos imo gives you less leverage and you have less people who want to loan you the money.

After a year or more you should have enough equity and experience to qualify for a standard bank loan which will enable you to pay your Dad back.$25,000 loan8% interest$183.44 monthly paymentI hope that makes sense.

@Step SthephYou may also want to think about holding onto the property that you live in in your own name for now.You are eligible to exclude up to 250,000(500,000 if married filing jointly) as long as you lived and owned the property for 2 out of 5 years.If you transfer the title to an LLC - you may lose out on the appreciation as you continue to live in it.You have a couple options regarding the other lots.If you don't know contacts or how to develop land - you may want to consider the land outright.If you have experience to develop land - you may want to pursue developing the land and then selling it.option 2 will likely generate more money but also require more work.

my husband and I have a hard time proving income on paper, and we will be filing an extension on our taxes for 2017...thought maybe it would be an option to pick up 1 or 2 more rental properties.

Try reaching out to such organizations and ask for a sample file to check validity in records. 

I got approached by a company to replace my existing "standard" locks to keyless locks.

My personal experience too and this is for those that do not plan on owning them forever and willing them to your kids or next of kin at a stepped up basis.but for those like me that were thinking hey I will own these 7 to 10 years take the write offs then sell retail..I did all that sold retail but what I was not thinking about is that a 10 to 14 year old home even though I bought them brand new.. to sell retail   what was acceptable when I bought them  tile counter tops  black appliances etc etcnow retail buyers standard is granite stainless  new paint 3 colors floors perfect etc etc.so it was costing me 20 to 25k per home to do a retail up grade to sell them for retail prices.. along with cap ex ( which in my case was minimal) since these were only 10 to 14 years old.. but then roofs being replaced because of hail that cost deductible.. and so on and so forth.. the cost of owning and keeping these nice is just more than you can raise rents in most markets.. that's my experience I got top rents in the day but they never went up much during the 10 to 14 years of  ownership.. just like I see modest type rentals that rent for 700 to 900 those rents have stayed pretty constant for the last 20 years .. and prices to fix stuff has gone way up.. 

Business is less than 2 yrs old and no tax returns filed yet.Anyone have any ideas?

A local real estate developer/landlord has filed a civil action suit against what appears to be EVERYONE whoever operated an AirBnB that did not fall within the legal short-term rental zone ("short-term overlay" for those familiar with Charleston) whether you rented it 1 or 1,000 times.

If you are willing to put in your sweat equity you will likely be able to land a deal on a good potential rental and just live there for a short time I was able to find a small house with a garage apartment several years ago which we lived in and it turned out to be a great cash flow property although it wasn’t a standard duplex.