In order to create rental revenue that can cover living expenses and provide positive cash flow, it entails buying a single-family home and renting out the individual rooms.

I am currently focused on tax strategies for our LLC (partnership with spouse).Can we sign a lease agreement with our LLC to provide/pay rent for use of our personal home/property, to include a portion of utilities, HOA, and insurance?

However, it would provide us with the necessary funds for the repairs and potentially a down payment on another property.

I can provide you with an REI approach that we use in to get you started.

Happy to provide a market analysis on your units to see what you should be getting for them. 

Previously I had my head in a different direction and now I would like to start learning how to do these activities to provide a better life for my wife and daughter.

Thank you for your assistance in this difficult time.Best regards, Marco & Christine PadillaIt would be helpful if you could provide some details.

Our belief is to provide the info and le the investor make the decision.

I reached out to my attorney to contact the previous owner to provide them.

You will also provide your "client" with a statement that shows the rental income the property received along with the associated expenses you paid before sweeping the money over.The Operating account of the Mgmt fee now has Property Management Revenue.