Be aware that doing an exchange will transfer property basis.

I'm eager to start going through this though hope I can make effective progress as I coordinate for a possible sale/1031.I'll keep you posted and hope to soon be in the SS game.Best,Payman

I have no yearly fees to keep it open and closing costs up front was only the transfer taxes.If you are planning on using a cash out refi for the duration of the investment property ownership, you can probably get a fixed rate that would be cheaper (or less interest rate increase risk anyway).

Hello Everyone, I've been renting a townhome to a couple of people I know room by room, but am now looking to rent out the whole home and transfer gas and electric to the tenents.

We used a personal loan from Sofi for $50,000, a 12 month interest free credit card balance transfer for $20,000 and the remaining money from a 401k loan.

@James ShenTax Accountant/CPA vs RE Tax Attorney.I would hire a tax attorney if you are dealing with a complex tax situation - Transfer pricing, International taxation interpretation, or asking feedback of a very specific interpretation of a tax law.CPA/Accountant/Enrolled agent can be someone who will file your taxes, provide strategy and can represent you infront of the IRS.Your profile mentions you are in the NYC/NJ Area.

Need to address and restrictions on partner exit and transfer of partnership interest.

A few include:1) How should we structure the deal, I qualify for the loan and then transfer into an LLC?

With regards to financing however, I would recommend you take advantage of various programs which allow for lower down payments (accumulate more holdings) and/or lower interest rates (providing higher cash flows) and then selectively transferring properties to LLC (where possible) or refinancing and doing so. 

I have set up my job description and will be conducting interviews shortly.My question is for anyone that has used VA's for property management/maintenance coordination.