I personally haven't done this but I have helped clients do it in the past.Hit me up if you're interested!

Hey @Mario Morales I assume you're planning to purchase the new property under your personal name rather than through an LLC?

Don't talk yourself into a place because of personal use.Buying a $475k condo that brings in 35k in gross rental income will lose a lot of money.

This could be a single person who has their brokers license or a larger brokerage like Keller Williams.

With enough knowledge you can make a educated decision on which approach you take.My experience:I personally don't sign up for any program who take you aside during events and try to sell packages that is just blatant sales strategy.Once you sign up there is every attempt to make you sign for their programs for bookkeeping, registered agent, LLC or corp setup fee which have ridiculous even with platinum membership.Basic standard structure they suggest to take advantage of multiple deductions can be easily achieved by proper education or work with a good firm like https://wcginc.com  who is local to you.A umbrella C-crop to manage all other LLC properties and take advantage of many tax deductions that are not available with a llc, its also used to take losses up to 100K as startup expenses and dissolve the entity after few years.Few LLC entities for investing in Real Estate, etc preferably in Wyoming or Nevada ( you can find many companies online who can do this for $150 compared to anderson $1500-$3000) , they will claim they have a secret Operating agreement which is bogus.They certainly try to take advantage of tax loopholes and claim to be smart people, my view they are just taking advantage of numbers as per their own statements.

If you put in the effort to source the right opportunity, you’ll find a way to fund it—even with minimal personal cash investment.It sounds like you already have the skills and experience; now it’s just about structuring the right deal.

No Personal Use: You or family members cannot live in or personally use the property.2.

I had the initial call with a PadSplit sales person, but I wanted to talk to somebody who's actually doing it to get their perspective and advice.

@Matt Solis would be the perfect person to speak to about this!

For my personal portfolio I use a modified spreadsheet amortization by VERTEX, available in Google Docs.