A lot of us have been in the same boat, Remona, but you have options.

In other words, in the power of what it can buy.

Any insights on wage growth and purchasing power ?

Account ClosedI'm in the same boat with Frontline as well.

You by far have simplified the million dollar question regarding the 'super' powers of the LLC that most beginnings want to know and even some 'timers such as myself.

Finance can too, but understanding the financing will give you a lot more power in your transactions.

Dust, smells, noise, contractors in and out at all hours...you get the idea.If you're married, this is a decision you should talk over with your wife - and you should give her absolute veto power over it, with a guarantee of no hard feelings if she says no.A solid marriage is worth FAR more than any real estate deal.

With that said maybe think about only having one of your names on it and move it into the LLC after so that it doesn't tie up possibly options down the road for more purchasing power for each of you.

I didn't have many in this boat but a few.

Knowledge is power.