Re rent roll, obtain copies of the executed leases and validate collection via bank statements and tax returns. 

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Taxes are low in Philly.

I highly recommend it.If you have any other questions or need any bookkeeping or tax help, please feel free to reach out.

The total of all depreciation taken is taxed.

BUT when you're doing an arbitrage you're just getting cash flow and you're missing out on the equity and tax benefits

Research rates for a payroll service for your employee that can handle your federal state and local employment taxes / calculations Know your federal state local and county tax requirements as well as whether you must have workman's comp for the person or not.

Hi Everyone,I was told purchases through the LLC are best using paydex to prevent personal credit/financing being involved due to liability and risk.

I use Stessa to keep track of all expenses and comes handy for taxes.

But there are implications to that strategy so be sure to discuss your specific situation with qualified tax expert as this is not a tax advice and I’m not a tax expert.