This seller might be good but they might not point the phone towards the water mark on the ceiling or such that makes you want to have the roof inspected separately or reveals a plumbing issue you want repaired.Many trades are still working especially on vacant properties during covid-19Finally, follow David Greene's advice from a recent podcast where they are writing contingencies to allow for appraisal's and extra closing time depending on what future measures might restrict key points in your closing process.

Purchase price: $84,000 Cash invested: $150,000 The property is a detached duplex with separate entrances for each unit.

(Now I have a couple of years I need to fike) The new tax preparer says that I should be listing all 9 of my properties separately on my tax return.

Or if your intent is to force a separate tax filing so it’s not on your personal 1040, then he needs to be involved at the very top level so that your business returns flow into the final LLC to generate a k-1 to your 1040.That’s my laymen’s two cents

When they come in, opened up, and goes into a separate "in tray".

Kris Wong's answer is the best answer.In addition to putting 1 property into an LLC, you need to open a bank account (and prior to that, you need to get an EIN for that LLC) so that it's clear that you are separating your personal and company accounts.

.- what-separates-those-who-succeed-from-those-who-fail https://www.biggerpockets.com/...If that's not enough, ping me and I'll give you a whole collection of blogs and podcasts to follow.Bonus 2: 1) Read at least one hour per day every single day.2) Remember the quote by Jim Rohn "You are the average of the five people that you spend the most time with."3) Check for toilet paper before sitting down.

Separate bank acct for biz only - income and expenses all captured2.

I'm no expert but I believe spouses can own homes separately.

The building is co-owned and by that I mean we have a shared wall in the middle of the building with a separate owner on each side.