Hi group- I've been using a good general accountant for my taxes (personal and RE LLC) for the last few years, but she doesn't seem well versed in Real Estate.I own 2 single family homes in Lexington, and am now buying a vacation rental in FL.

I want to know an idea of every single step of the way before I decide that buying rental properties and rehabbing them is my right path Thanks in advanced!

If someone lives in a single-family home or apartment without HOA rules, we strike that clause.I've read through the BP lease and believe it addresses your issue satisfactorily.

Place I used to live had long term rent being around 30% average disposable household income. 50% is obviously not tenable.

Long term goal is single family buy & hold, and ultimately small multi-family buy & hold all in the NW suburbs (Woodstock, Crystal Lake, Algonquin, Huntley, etc), and to replace my FT income in the next 2 years.

(not so important but if they only require 15% down on a single family home that is usually a good sign that you are working with a flexible lender) Can I change title to my LLC?

How is a single house a "business"?

I am also reading Brandon Turners latest book on Audible. looking to learn more about the Orlando Market place, more specific to single family homes.

Parechay Mathode I would start buy picking up a single family home rental if you can make the numbers work locally.

@Roman CastroIt sounds like they have been using this as a single family and likely is.