California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

Hi Jayne,You should just be able to just look up the address on your counties property search (tax search) and it will show who has ownership!

I don't want to speak for Joseph, but yes the $230 accounts for all expenses (taxes, insurance, mngt, debt service, future vacancy & future maintenance reserve). 

I saw 1099s between 28k-31k and 12k in expenses i.e. taxes and HOA.

Hello. I own a property here in FL since 2019, but we are looking to relocate in Puerto Rico. We would like to rent the house for around 2yrs. If we move to PR and we sell the property after 2 yrs: 1- is the 2 out of ...

I would have about $100k - $120k in equity before agent fees, closing costs, and capital gains tax if sold.

They always say that there are only two things that are certain in life - death and taxes.

DSCR loans are a great option for anyone that doesn't fit the conventional "box" - DTI isn't a factor, no employment info needed, no W2s, paystubs, tax returns, 1099s, etc. needed, you can close in an LLC if you want to and many lenders don't report to personal credit, so those loans won't affect your credit score/DTI for any conventional financing you might pursue in the future.

Any thoughts/tips?

Thanks for the tip!