The property's cash flow is unaffected, just how you want to pay yourselfPaying yourself from a single member LLC as owner's draw has no affect to tax you pay for the whole profit when filed.

And it does not work every single time, life throws you curve balls.

It could be one of those legalshield plans where all they do is mail a single letter.

In fact, the rule of thumb in the industry is called the 50% Rule: that 50% of the rent will go toward non-mortgage expenses (vacancy rate, repairs, maintenance, insurance, property taxes, management, accounting, etc.).

You want an accountant who can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck in your search.

Hi all,I find myself in Albany next week for work and will likely be going more often going forward. It has been an area I am interested in investing for a while also-Albany Saratoga Springs, Troy etc. Not too familia...

So far I've done things like make my LLC, work on getting a bank account, and work on a PPT for private investors, and have a web site.

Single-family homes?

I really like the idea of house hacking, but my wife is not willing to move out of our single family home to move into a property with other people.

I am passionate about owning/controlling my income sources (which I have done in the past though not in the present), and I have some long-term "mission" goals that are very important to me that would be well-served by some real estate experience at a higher level than single-family.