If the market softens at the 5-year mark, we can opt to hold the asset for a longer period of time, allowing the market to rebound.Projected Cash-on-Cash Returns: 6% Per YearNext, consider cash-on-cash returns, otherwise known as cash flow or passive income.

I am looking to buy long-term rental properties as a source of income from now through retirement that will leave a legacy for my two daughters.

It's definitely a lower income area, and will not attract renter's for Mid-term or short-term rentals.

I put my gross into an account.

The value of the condo went up (that's good), but the rental situation in Sarasota went down.Long story short, I can hardly make the mortgage with the forecasted rental income for a midterm.

A Surface Yield = Annual Rental Income / Property Price.

Account Closed

Any suggestions on how I can lower my taxable income is appreciated.

Second, when doing flips you'll typically put each property in its own LLC.If you plan to scale rentals, you can have a Management LLC that acts as a PMC collecting rents and paying expenses via its bank accounts.

They are concerned that after we pay for the research to find and locate tenant and their bank account, they may not have anything to pay with.