We are still working on the level that I would call Financial Independence (at least for myself), and would give me certainty that I could truly live of all my investment income in good markets and bad, while more than outpacing inflation, and with enough excess to be able to reinvest a significant amount of earnings every year, to continue to grow the pot.

It generally takes weeks for the account owner to realize that someone has forged a check on their account - especially if it's a big company with a high volume of payments.You are now required to refund that amount to the bank, so the scammer now has the large excess payment that you sent to him and you have a debt for the original amount of the deposit.Don't fall for it. 

I personally recommend talking to the good folks at UHY Advisors for locals with your resources. 1.5 million is right around the point where getting the level of tax advice they offer makes sense, at least for a personal portfolio, and with leverage you'll be able to have assets well in excess of that amount to where expert tax advising is both advantageous and profitable.If you haven't yet, start getting your team together: vendors, tax advisors, accountant, lawyer, and you already seem to have a PM company and agent already established.

Fak no.My tenants need to make bank, no foreclosures, no evictions, no bankruptcies, no excessive debt.

Hello BiggerPockets community,
I'm a rental property owner, and I've recently been reviewing the landscaping expenses for my out-of-state property, particularly the mowing costs. I must admit, the figures are making ...

* $600,000 or less for franchise tax reports originally due on or after January 1, 2012.Thus, unless the rental properties held by your LLC are generating revenue in excess of $300,000/year, you aren't going to be paying any fees to maintain your LLC.

In the basement, the casings might be swollen.I'd graphite the crank, and check around the window for excess layers of paint.You may have to do some slight sanding around the windows.You can lubricate double hung windows with bees wax.

Also, it is wise to take up all the existing tack strip since it is a wood product that absorbs moisture and can potentially cause problems if not removed.

The property needs some foundation/moisture mitigation work, a trash out, and a full rehab.

Read the EPA booklet "A Brief Guide to Mold, Moisture, and Your Home."  2.