I’m trying to do it now to fund an ADU Garage conversion.

biggest tip.....Always get a sewer scope!

I have owned it for 4 years now and have put a good amount of money into it already but with the condition that it is in now, it probably needs another $30,000-$35,000 put into it.

I was told that homeless/squatters got access into the building somehow and they were seen by an agent who was touring property for their buyer.

I say were because 1 of them moved in a new boyfriend who has a full time job and they now they pay without the assistance.No issues with either of them so far.

One thing of note is that Utah is approaching the top of a cycle right now, but over the next 35 years will double in population.  

They are doing a cashout for me with a 3 month seasoning right now. 

But so many properties available right now that are not in a flood plain.

After finishing a single family deal, I learned that I now want to work on deals that are more lucrative.

While I only have one LLC right now, I plan to expand to multiple LLCs (one for each property).Here’s where I need your help: How should I set up my account to reflect all the real estate activities like rental income, expenses, and distributions?