Now, they may or may not be able to use some or all of the depreciation depending on their specific tax situation but that’s the gist of it.

@ANTONIO A.Real estate investing is better than investing in stocks/bonds from a tax perspective because depreciation will shelter some or all of the rental income.

It is difficult for attorneys to get money directly from the LLC's, but not from your assets inside those LLC's and I imagine the bulk, or all of the assets in your LLC's belong to you. 

Make sure you get the sewer line scoped, electrical systems, and galvanized pipes and plumbing or all common issues with older homes.

Everyone likes stainless steel appliances, if yours are the white ones from 20+ years ago, how about changing the microwave or dishwasher or fridge or all 3 to stainless steel?

Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion

Hi @Andrew Pearson, is this purchase in Portland, OR? All

Are there templates or resources on how to make a Massachusetts 30-day notice form that meet any or all legal requirements for the form?  

Prior to closing you need to have an estoppel certificate stating rents and verifying terms of the lease, security deposits and any oral agreements.

If you wanted to go even bigger, you could probably even consider putting up a portion or all of your $100k, and partnering or syndicating with other investors to access even greater economies of scale.