And it’s not just about private business.

Hey Justin, im kinda new to the business also and im from NJ but i been doing alot of research on title companies and attorneys.

The reason I thought about putting the other house (not the residence) in an LLC, at least any expense can be considered business expense. appreciate your input. 

Make sure to have a separate bank account for business transactions. 

Sorry, but these are the costs of doing business.

The previous landlord had one for the property, obviously for his own business.  

Generally, you can deduct travel expenses directly related to your rental property business.

They can be very busy these days...)

I'm also a newbie and not confident in evaluating projects and borrowers, so would prefer to partner and diversify.I'm looking at debt funds at crowd funders like Fundrise, as well as business development (BDC) ETFs like Ares, Blue Owl, Golub.

I have $14k saved up right now and I have my own business, from which I earn about $1-2k per month.