Since he indicated he's not yet ready to move or doesn't know what he's going to do yet, just keep his last month's deposit and have him pay as usual.

looks like they have annual income at $7700, so about $3850 plus 142=$$4000 expenses, $3700 Net, before taxes...all based on normal speculation...assumes minimal upfront repairs, no major components about to fail, and no unusually bad tenants.

It is possible to run a system like this in {almost/near} on-demand mode with minimal to no storage we are effectively doing this because we are using solar to pre-heat the source water for the system (as well as DHW).

@John Soforic,I hope you didn't take my comment as an indication I thought you wasted my time.

I'm thinking like this: First the Micro: How are MY target areas performing in terms of economic indicators?

You could then refinance the property and withdraw your capital back out of the company with minimal to no tax implications.Best to sit down with your accountant and real estate attorney to devise an organisation that makes the most sense for your longer term plans ... and a path of how you will get there.

It is a public declaration from the previous owner granting title (ownership) and detailing any limitations on that title (ownership) to the new owner.The original deed has various stamps and seals affixed indicating taxes paid and the recording information (typically the book and page #s) and is then given to the new owner.When you sell, you surrender your original deed given to you when you purchased the property to the closing agent.But, I am learning something new from Bill this morning that could save me a lot of money over the years if I don't have to keep up with that pesky original deed.

Accepting other peoples' money is a huge responsibility and your LLC questions, while valid, indicate that you need to speak to a professional in your state before you do anything else.

He's retiring so having the income stream may be of use to him while also helping him to minimize any taxes he'll be incurring due to the sell off of his portfolio.

"How to Choose and Investment Market and Minimize Your Risk" and "How to Invest in the Best Real Estate Markets and Live Where You Choose".