@Russell Brazil Thank you for your tip on looking closer to where I currently live.

Hey guys, i recently purchased my first property and I am going to house hack the property. Besides Zillow, how else are people marketing their unit around this area. I did some comps on my unit and for a three bedroo...

Proc. 2002-69 and 2002 C.B. 831, a husband and wife who are the sole owners of an LLC and reside in a community property state can choose whether they are treated as a partnership or disregarded entity.You have to understand that tax and legal matters are different. 1) for tax, you will be reporting on your personal return, Schedule E.2) for legal purpose, LLC is a separate entity, and it has to be treated separately from your personal finance.

The book has more tips about raising capital and I think it helped me raise my vision of what is possible in  real estate.

@Stanley E., right, but then I lose financing options as Fannie and Freddie do not allow banks to lend to LLCs.

Thanks again for the tip- great advice!!

My best tip after you identify potential target markets is to start by finding an excellent property manager--during your interviewing process, you will also get educated on the area and what to expect.

Can someone please explain why that is and provide any tips for using that as a negotiation tool?

@Mike Taravella: thanks for the tip, I will check it out!

Any tips on getting tenants to read their lease?