There are numerous banks that will finance using the land as collateral.

Since basis can decrease faster than debt (due to depreciation), the fraction can increase over time.Any sort of active income, such as running a factory making widgets, is also subject to UBIT.

You have numerous other expenses, including property management, advertising, maintenance, legal fees, utilities, vacancies, tenant screening, and who knows what else.

You and your sisters did, so you and your sisters will have to report each person's share of the activity on your 2006 return.

I have taken courses from the big gurus, but I found that I have learned so much more about real estate investing by just talking to the local investors that are active in my market.

Benefits are numerous - economies of scale, easier management for multiple doors in one location, easier to have professional management (and cheaper), one loan for a multitude of doors, and the list goes on.So, is it possible to get to that goal using SFR's, yes, anything is possible, but less likely and not the best path in my opinion.

I am setting up an LLC and I was windering if anyone has any time saving ideas on how to estimate my competitors share of the market in my area.I have found numerous transactions from my competitors.

For my business, I came to the conclusion that my seller financing activities would be focused more to investors and less to home owners.

SO thanks again- will keep an active posting to let you know how I go.

Seems to me each business activity should be well defined in its own entity.