Check this out: "Wolfram also foresees a day, perhaps in his lifetime, when his name will be enshrined alongside those of Isaac Newton, Charles Darwin, and Albert Einstein."

Deepending on the area of your investment, living along side your tenants may or MAY NOT be a great idea.

You can still put in clauses they let you out - you can even put in clauses that let them sell their home as normal - just give you the right to try and sell it along side of them - so they really have nothing to lose.

If you have weak rafters, you might be able to scab on along side an existing rafter from the soffit and above the top plate.

On the mass.gov website it lists fees for an LLC license alongside the normal fees for a salesperson or broker's license.

Sure, the lender may not know, but if they specifically told you, "We will make the loan only to you, not a business entity," and then you thumb your nose at them and transfer the title to the property (and they find out about it), I predict a bumpy, unhappy, and short-lived relationship.You should be able to put the collateral into a business entity and then either do a personal guaranty for the business borrower, or, for an even more "belt-and-suspenders" approach, be a co-borrower alongside the business.As for your personal liability risks (non-debt related), you can cover most of those with insurance.

Firemen put the fire out and gave a value on the loss.The fire insurance came out and assesed the damage and sent my friend a check for $23,000 BUT it also has the mortgage companys name on the check along side my friends name.

Buy and hold as rental, long term and the ROI might be able to be increased to 10%, but proper cash purchasing, along with cash out refi (when available) alongside with short-term (2-5 years) sale will allow you to actually pocket the cash out refi, AND the amount of repairs expenses that you have not had to make (due to proper fixing up just after purchase).

Expect sticker shock when you can only find $2 20A outlets along side those 50 cent 15A.Lot's of little gotcha's if you haven't done this before.

I have a few projects coming up next month and want to find some more contractors to work alongside with the team I have in place.