The property has been in the family since the 70s and has been a rental the whole time.

I’m excited to join the BiggerPockets family.

As we reflect on the challenges faced during the financial crises of 2007-2012 and draw parallels to the current market conditions of 2024, one concept stands out: the “Missing Middle.”The term “Missing Middle” refers to the scarcity of housing options between single-family homes and large-scale apartment complexes.

Hmm....I'm thinking about that...because I have a family member who have a rental in the Fort Lauderdale area with a beautiful oceanfront in a flood zone area and her place is in high demand.

Our family is moving abroad for a few years, and I'm questioning whether it would make sense, and what would be the benefits, of putting our rental properties in an LLC.

This revitalization has created a dynamic urban environment that appeals to young professionals, families, and retirees alike. 

Consider utilizing a HELOC for a flip/brrr where you are extremely confident you can turn it around in 6-9 months (max), so you don't hold that 2nd property leveraging the first for longer than necessary; especially with single-family rentals.  

Investment Info:Single-family residence buy & hold investment.

My primary focus lies in commercial and multi-family properties, as they offer great potential for investment.

Here is the situation,  Have an 1800's ballon construction  3/1 single family , 1.5 story unit.