Let's say you put 15% down on an investment property (2nd SFH, New Construction) and with property taxes, homeowner's insurance, and PMI the monthly mortgage is $4,300However, in the market (location), most of the rents are around $3,500-$3,700With an interest rate of 7.6%Would you still buy the property knowing that you'll lose $800-$600 per month, but hoping to refinance at a future date (4-5%) to have cash flow, and also with appreciation since it's a good location and it's a new construction?

You can easily check the taxes on any property if you have the tax map number.

That has property tax consequences.The more improvements on the land (which includes fences) the more important a survey is.

Is it recommended to have a LLC and who can help creating a LLC (tax consultant or lawyer)? 

Excellent deal for the minority partners (zero cash contribution) but a low ROI even accounting for tax savings of $24k/yr on a $500k cash investment.

We’re one ofthe few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must =3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then takingseveral days to submit.

Hello – I'm looking for confirmation of understanding/ advice relating to transferring property into LLC and treatment from a tax perspectiveMy parents completed a 1031 exchange over 2 years in their own names – they file a joint tax return.

You will need sprinklers.Feel free to reach out directly if you have additional questions.Best of luckAlex Furini, RA

Keep track of all that.You can also use software like dealfinder, propstream, prophawk and I'm sure others.There are free AVMs available, but for the most part I think the free ones aren't any better than Zmate which is most often horrilble. 

Feel free to ask any more questions as you delve deeper into the world of real estate investing!