Quote from @Anthony King: Are there any rules/regulations regarding private lending from family members?

Can you sell your currently live in property to your LLC?

I want to add AC to this property and leave the boiler in place.

I recently went into a 50/50 LLC with a college friend to buy our first property in the college town we attended.

I would like to get my first investment property before the end of the year. 

I already own one rental property, which is doing great, with cash flowing around $500-$600 per month.

My calculations are based on 2 sets of numbers - the numbers the seller has provided, and my own calculations accounting for 5% for vacancy, 5% for repair, 5% for capex, 10% for property management and actual costs for property tax/insurance.I am trying to decide if this deal is worth pursuing or if I should walk away due to the premium on the homes.

Will having that home on our credit negate us from being able to seek additional loans for other properties? 

I’d suggest reaching out to Horry County directly to ask if they have any abatement programs to potentially reduce your property tax.

If you want to scale into MFH, I would start in a market that has a larger volume of MFH properties.