Purchase price: $194,500 Cash invested: $51,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

An LLC is not free.

Its probably easier and cheaper to just buy a list of RE investors. 99% of what I post on this site has been to help others completely free of charge.

Feel free to comment on any of this and DM me if you want to network or have questions.

Yearly taxes is roughly $2k.

Purchase price: $212,500 Cash invested: $50,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

Has anyone used one to "store" some excess capital gains to defer Taxes?  

IT'S CALLED NEGOTIATING 3)  FOLLOW MY EXAMPLE VERBATIM AND YOU WILL PROBABLY NOT EVEN LOOK AT A FSBO AGAINEXAMPLE:  YOU FIND A PROPERTY THAT CANNOT BE FINANCED BY FHA, NEEDS WORK, US VACANT AND IS BEING SOLD "AS IS" AS WELL AS PRICE IS PER SQFT IS LESS THAN THE MEDIAN PRICE YOU FOUND.IN THIS EXAMPLE YOU FOUND A PROPERTY FOR $100,000  YOU RUN IT THROUGH A QUICK AND DIRTY COMP SEARCH (IF YOU DON'T HAVE MLS- USE BIGGER POCKETS  CALCULATOR FOR ARV (IT'S PRETTY ACCURATE AND NOT TOO FAR OFF) - JUST DON'T USE ZILLOW OR TRULIA OR EVEN REDFINS- USE BIGGER POCKETS ARV CALC AND/OR THIS SITE THAT ALSO HAS A FREE ARV CALCULATOR CALL REIKIT--- I NOTICED THAT EITHER TWO SITES HAVE ARV VERY SIMILAR AND NOT TOO FAR OFF FROM THE MLS--- WAY MORE REALISTIC THAN ZILLOW, TRULIA ETC INFLATED ARV'S!!!! 

Start working right away and you could have a well-paying job, be debt free, and own a couple investments within four years. 

If you do want to discuss the market more, please feel free to reach out and I can talk to you about it as much as you'd like.