Bidding starts at 12% per year. 

this also happened to some clients of fund that flip.. 

Does this also mean “selling” the property to the LLC and paying capital gains tax?

For the mid-term we are using airbnb 30+ days and also furnished finder is a great website. 

Hey @Tony Thomas, I won't speak to the tax side (not a tax pro) but from a bookkeeping perspective, this will complicate your operations (and, bookkeeping as a result) quite a bit.So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that helps!

Now, I want to do BRRRR and I always wanted do this strategy.

Hello All,I am new to this site, so I'll start off with my introduction.

Hi all, I am looking at Ogden and wondering whether any local investors can shed some perspective on overall property values to rents in this market.

What made you interested in investing in this type of deal?

Your best investment is in yourself.Consider going to college or learning a trade.Use the funds to invest in something that does not require much time so you can focus on learning.If you do decide to get into real estate, you may want to consider doing a house-hack.It will give you a place to live(potentially saving you a few hundred dollars from paying rent and also giving you training wheels for being a landlord).