It's not large enough to out right buy most properties and then start the brrrr process, but I definitely could use it for down-payments.

Should I open a business bank account under my LLC  to make mortgage payments and collect rent even though the property is in my personal name?

.- The owner did provide proof of payment, and rent is confirmed $750, but always a few days late...Unit 2:- 1 BR- There was a language barrier, she didn't speak english, and I think she was afraid to open the door so I didn't get to tour it.

Not that you asked, but if you are going this route, I'd highly reccomend the BRRRR method.

Borrowers have to pay their HOA I am not from Florida either but I believe most states allow the HOA to foreclose for non payment of dues most states give HOA's special foreclosure laws that are stronger than a simple lien in order to give the bank 1st priority otherwise an HOA is a document recorded prior to the first and would hold priority if they didn't sign it or legislate that position away.

And like any investment vehicle, low risk equals low yield.Currently to break even with rent covering just the mortgage payment takes about a 35-40% down payment on an investor loans.

You can then use this money you save for a down payment on a multi-family home.

The steps are illustrated below.By utilizing this method, if something does not pan out with one or more of the replacement properties, we still have ample time to locate, put under contract, and validate (due diligence) another property within the 45-day identification period.Movement of FundsA regular question I receive is if a 1031 exchange agent is required.

Scaling with the BRRRR Method is usually pretty hard.  

It keeps me on schedule with reviews of their payment history, lease compliance, in-person property inspections, rent increases, lease term updates, and more.With even a modest 3% increase per year, their rent would be $3,054 in the third year, almost $80 a month more than you currently propose.