For local flips I have even gone as far as parking my spare vehicle at the house.

If played as a long term strategy, rental property investing seems to be a vehicle for becoming time wealthy.I'm wondering ... how many of you have not only been able to live off of your rental income, but now have an abundance of time that you spend on the things you value most?

The vehicle I will use is a value-add short-term rental.

Not super useful or precise. 

Hi everyoneI'm kinda new to posting here so please bear with me.I have a 3 BR house in Ventura County, CA (Simi Valley, to be more precise), which I have been successfully renting thru Airbnb.

We owned a place where this was precisely the case 

There was no doubt that Salas had agreed to this “defect,” since it was spelled out in the purchase agreement that he had signed.Moreover, the court noted that this was precisely the sort of matter that title insurance is not designed to protect against.

Keeping it simple.Of course, there are investments in many vehicles that allow leveraging.My husband traded 4-X...is it called investing when you lose your shirt?!?!

They are extremely rare and results from gross mismanagement of the member/owner that can be easily avoided.Now, if you have a personal liability attack against you (your kid is involved in a vehicle homicide for instance), an LLC in a charging order state will protect your real estate from being taken away from you.Last if you use anonymity protection with an LLC, you will avoid a lot of possible nightmare stories of harassment, threats, vandalism, libel to your home, work and social media by a disgruntled tenant.It may also protect you from frivolous lawsuits as an asset search by ambulance chaser lawyers will return nothing.To answer your questions:Yes if your LLC is disregarded for tax purpose, there will be no change to your tax return.

The better you understand both how the subject property operates as well as how it fits into the local market, the more precise your underwrite will be and the less likely you'll be to have a nasty surprise.Also consider where interest rates are heading and what market caps are doing.