These enhancements significantly increase the property’s functionality, appeal, and income potential, making it a cornerstone of my portfolio.

These enhancements significantly increase the property’s functionality, appeal, and income potential, making it a cornerstone of my portfolio.

These enhancements significantly increase the property’s functionality, appeal, and income potential, making it a cornerstone of my portfolio.

These enhancements significantly increase the property’s functionality, appeal, and income potential, making it a cornerstone of my portfolio.

Otherwise many many many agents spend a lot of time and effort finding property and writing contracts only to find that the funds can't be transferred, or they don't have immediate access to the funds, or they need some kind of approval from 3-4-5th parties, or there are exchange restrictions, or 9000 other excuses.You probably need to find them a commercial broker who can handle whatever kind of investment they want to make. 

Make sure everything is in writing.

More bank accounts will require more accounts to be connected to your accounting software.I personally don't like to have a checking account and savings account for each property(If you have 10 properties, that means 10 checking accounts, 10 savings accounts, 10 account numbers to remember, 10 checkbooks, 10 debit cards, etc)However, it will make using the class function easier when you do your books.Best of luck.

You do not need the property to be in an LLC or business entity to be able to take deductions, write offs, etc.

You would just take over payments on her existing mortgage.Another option is you write the contract for the $215K that Zillow estimates and you tell your bank that the $31K down payment is coming from a gift of equity.

I would say your best bets is a gym as a tenant amenity or a community room that tenants can rent for family functions, parties, etc.