After more than 9 months of searching, connecting with Realtors and crunching numbers, I found a beautiful, brand new development and pulled the trigger on my first short term rental investment property.

I’m a brand new member here.

Technology is on your side but sometimes the old school, real world, good branding and local presence pays off.

I would strongly advise you to tread lightly on the down payment assistance program - FHA or Mass Housing.

I know light electrical, plumbing, sheetrock repair and can fix nearly any appliance that needs fixing, including minor repairs on a/cs .

I'm a brand new investor, nothing under my belt just yet.

Can anyone shed light on the expected return that I should anticipate to provide to the limited partner's?

I am brand new to REI but have plans to buy my first SFH this year.

We ultimately BRRRR'd that house in 3 months to get him his money back, and a house with $0 out of pocket (light bulb!). 

Without the 1099-S, you have no idea what the cost basis of the property will be once you acquire the LLC.Basit, in this case, if I told you I bought a brand new LLC that has a piece of real estate as it's asset, won't you need to know the Purchase price?