Remodeling costs increase the property’s basis, while post-rental repairs are deductible expenses in the year incurred.An LLC isn’t necessary for a single rental but can provide liability protection as your portfolio grows.

While this structure offers great asset protection benefits, it doesn’t necessarily save money on filing fees or administrative costs.

You’ll need a real estate attorney experienced in creative financing.Land Trusts for Extra Protection – Many investors in Illinois use a land trust to hold title when doing subject-to deals.

As well as financial statements.

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

Well, that cut my budget hard all of a sudden.  

In the Atlanta area they do well.

My current internship in Dallas is going very well, and I expect to be back in the city full time in the summer of 2026.

I went with Vivint.com they have a great smart home system no wifi needed, streams on your phone in real time anywhere you are, tamper protection, security alerts and motion detectors and will notify policy if you have a break in.

Some of you may find this information helpful if you have assets that you want to protect from creditors and liabilities.