Buildings look to be in good shape with 10+ cap rate ,all the financials looks great and I would be hiring a property manager to manage the property but me being from out of town wanted to get a general feeling for those area and the type of experience you guys have had or any other cities that's with looting into in Connecticut .

I am looking for an investor friendly CPA around the Metro Detroit area who is familiar with setting up entities such as LLC and Trusts to help me get my financial house in order.

@Josh Mitchell I think you have chosen a great niche, especially if you have potential financial support already lined up.

I'm not going to even bother looking at their site.....you don't get an unsecured cash line of credit for $60k without some substantial/decent financials, and a business history.....period.

So I would like to be able to look at each town individually and I may even want to expand further out into some larger towns in the region.

Hi all, this is my first real question here... a CPA recommended that for a residential rental business in NC I should start an LLC but buy the homes in my own name because a business cannot deduct the mortgage interest but an individual can.

If you're saying you could get a deficiency judgment against the individual, well then sure.

If you have been at it long enough to have all the returns and financials the bank needs, but still have no luck securing the funds, Hard, Private or Asset Based loans are going to be your best bet.  

This site is packed with information and individuals with a wealth of information.  

Below is a breakdown of the financials at purchaseGross Rent (All 4 units rented): $3,200Purchase Price: $372KThrough necessary rehab, and knowledge of the market, I determined I could increase rents, find better tenants, and lower maintenance/my time dealing with issues.I purchased the property through a 203K renovation loan, with 3.5% down, 30-year fixed.