This would be the most expensive update but adding a bedroom seems like it would be the biggest increase in rent right?

My biggest regret was not hiring a PM sooner.

Hello everyone! My name is Ken and my first tenant will be moving out on November 1st. I have done some research online about Tenant Move-Out checklist for landlords, but I thought it would be great to learn from the ...

Thats actively taking potential revenue from them just so we can make sure they have room for us when we need them?

One of the biggest differences from one deal to the next is if that REI can execute the deal...which comes right back to your team/tools, and what they can help you do.

Internal Revenue Code 453 aka DST NOT Delware BUT Deferred Sales Trust are a great way to avoid the warnings and everyone steering you towards 1031s during a rising market where you'll probably end up overpaying.But good luck finding someone with a track record of 453 DSTs.I'm looking/researching hard and you can start withbrett with capitalgainstaxsolutions.com on YouTubeHope this helps you save MILLIONS in taxesby providing wealth through TRUEpassive income :)

The biggest drawback for starting investors is that you can't get FHA loans for an LLC, which means that your lowest down payment for an LLC will probably by 20% vs 3% with FHA.

I think my biggest lack of commitment to that is not having a team in place and lack of the trends of these other markets. 

That is probably your biggest risk here.

These will save you on lawyers fees until you get to a point where you'll want to invest in an attorney for lock-tite documents that create corporate veil protections.This is a great bundle which will help your knowledge on LLCs and Tax:https://store.nolo.com/products/nolos-start-and-run-an-llc-bundle-lopbun.htmlMost of these books should also be available at your local library if you want to save on paying for them :-)The biggest benefits in doing your LLC to start will be for tax purposes which a good CPA or tax planner can help you with.PM me and I'll share some docs that I have with you!