So I would like to be able to look at each town individually and I may even want to expand further out into some larger towns in the region.

Hi all, this is my first real question here... a CPA recommended that for a residential rental business in NC I should start an LLC but buy the homes in my own name because a business cannot deduct the mortgage interest but an individual can.

If you're saying you could get a deficiency judgment against the individual, well then sure.

Appreciate your responses and yes agree it's very odd.

This site is packed with information and individuals with a wealth of information.  

I am looking to rent a place, it seems nice except three thingsthey are ranch style apartments. they have a gate in front of the main entrance, and you're responsible for the door if anything happens to it. for some reason they won't fix it. it actually looks like this but a wooden door in front of the main doorif i take the door down, how concerned should I be about people stealing stuff. if i had a lawn mower or something, they would have to come in the opening and take stuffi saw a report online about some guy that was looking in someones windows at the complex across the street. i dont know how long ago it was. i was looking online again but coudlnt find it. the one im staying at seems fine, how concerned should I be able the ones across from me?

Lev, thank you for the engaging response.

I hate to be a nooby and ask questions that have already been answered, but im sure one of you kind individuals will show me the way.

@Suzette West Thank you. 30-year fixed loans (see previous response in the thread).

Your responses may be the missing pieces in understanding why the properties have been on the market for some time and the drastic reduction in prices.