You can also hold money for maintenance, capex, taxes, insurance, or other projected expenses.

Look into local tax incentives and financing options, and reach out to local real estate groups or mentors to better understand the market.Good luck!

Quote from @Zara Massoud: Your new PM is correct and the old ones were wrong.The property manager must have your social security or tax ID number on file.

Rentals generate passive income, so an S-Corp offers no added tax benefit.

I don't think he would allow someone that had to put the fee on a credit card.

I used to live in the city and the taxes and water bills are nightmares.

I'd rather pay for a platform whose revenue comes from subscription fees because at least they are developing features and functionality for the "right reasons.I've never heard of Digb (what kind of name is that?). 

There are some concerns around taxes and insurance to be mindful of, but the job market in major Texas cities is unreal.

>>For purposes of taxes, consult with a CPA to confirm this would work for your situation, but you could have the LLC be treated as a "disregarded entity" and thus, even if you and your wife are members, any profits/losses would "disregard" the LLC and go directly on your personal returns. 

However, calculate whether the investment—purchase price, legal fees, potential eviction costs, and rehab—still leaves room for a solid return.Risk vs.