There's no right or wrong way but if there's a choice and the expense is low, try it one way for a few years and if it's not working, change it. 

Some common desirable factors might be:* Proximity to a great school* Beautiful ocean views* Beautiful mountain viewsIn fact the investors' choice of Sokcho to invest is in large part driven by what they see as Sokcho’s inherent desirability as a location (ex: proximity to Mt.

Perhaps the L/O idea is a good choice regardless.I'll try to nail my lender down tomorrow, and give the seller a call [she gave my agent her number and I've actually already spoken to her once about some questions I had regarding the Oil Furnace.My only concern regarding the lease was if i have a contract that states a move in date, although the boys will be fine with "whatever"- will their parents?  

I give my tenants a choice, mail the check to the bank, wire/direct deposit it into my account, or physically take the check to the bank location and deposit it into my account.  

There is a rare occasion you will run across a "professional tenant" that knows how to game the system but for the most part you will find tenants that will put up a fight in the beginning and probably get bad advice from friends and when you get to court they have nothing to say except to plead to the judge for a few more weeks and they have all kinds of sob stories and then they have no choice but to move on to the next apartment. 

I was thinkin 1 mitsubishi w/ hyper heat for the cold Maine winters and 3 heads (living room, bedroom 1 and bedroom 2)Are you using traditional electric hot water heaters with these?

There is a solution:  1 - You have to get a HELOC on all of them first.  2 - Take cash from the HELOCS, combine them together, and buy another property where the refi loan would be higher than the minimum 50k.3 - Take part of the "cash out" from the refi and pay down your HELOCS.  4 - Take the cash out from the refi to buy your next property.5 - Repeat steps above until you:        a - Pay off HELOCS in pieces        b - Get tired of using the same "cash" (from the continued refis) to buy cash flow Keep in mind that your choices of properties must allow all of them to continue to have positive CF...or choose a different property.

I'm buying (buy and hold) a property through my LLC and using funds borrowed from my brother to help with repairs (will have a traditional first mortgage as well).Is it possible to setup the borrowed funds from my brother similar to a 2nd mortgage and also give him a % of the future sales price in the promissory note, even though he's not a member of the LLC?

Couldn't you refinance your initial house into a traditional (non-FHA) loan, pocket your equity, and then buy the duplex using another FHA Loan for only 3.5% down?

My goal is to work with them and help them make the best choice.