I want to ensure that I am in compliance and who can help me preparing just the lease and not property management.

I want to ensure that I am in compliance and who can help me preparing just the lease and not property management.

Have some money in reserves in case something goes wrong, be conservative in your underwriting (but not too conservative where you are never pulling the trigger), and make sure to trust but verify what the seller tells you about the deal.

We are grateful for the ones around us who have already chosen to help us.Provide some measure of inspiration to other newbies who are trying to work up the courage to pull the trigger on their first deal.To document a (hopefully) winning, systematic approach that gets other investors excited about working with us in the future as we try to grow our portfolio.Background I work in healthcare sales for a Fortune 500 supplier of MRO materials.

@Joshua BrodnickiForeigners can invest in the US but there are some things to consider.Is the income earned considered FDAP(Fixed, Determinable, Annual, Periodic) or ECI(Effectively Connected Income).There may be withholding requirements if the income is considered FDAP or ECI.The sale of real estate may result in compliance with FIRPTA.You may need to look to see if there is a treaty between the US and the foreign country for preferred tax treatment.The foreign investor may need to apply for an EIN.You may want to utilize a structure with a US corporation.Make sure to work with someone who understands US taxation as it pertains to foreign investors.

Very different triggers in the lease.

In the borrowed capital was used in an activity that is a mere investment, or is personal in nature, a 1099-INT obligation won't exist.A Form 1098 obligation is only triggered if the loan is a mortgage and the interest is received in the ordinary course of trade or business of the lender from an individual or sole proprietor taxpayer. 

What have you done or recommend to be the best way to add the LLC to the insurance policy without alerting the bank and triggering the "due on sale" clause.

At this point I’m leaning towards pulling the trigger.

I almost pulled the trigger on Connected Investors PIN but saw a forum on here that talked me out of it.