Unless you qualify as a Real Estate Professional Status (REPS), you'd have same tax benefits rather it's in your current name or an LLC.

If there are additional expenses they need to be taken into consideration such as if you are paying for water/sewer, gas or oil, trash, plowing or lawn care, HOA fees if there are any, CapEx, maintenance, vacancy, mortgage, taxes.

Things are tight with day care, mortgage for personal home, and kid #2 on the way.

Check the rules and the accounting carefully once you have it under contract. 

I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

This additional capital can then be used to acquire another investment property or for other investment purposes.Cost Considerations: Before proceeding with renovations, carefully evaluate the cost of updates relative to the potential increase in property value and rental income.

What are the estimated costs for professional interior design services for short-term rentals?

Ok here is some news we really care about y’all.

Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.

After all  are paid all expenses are taking care of I pay about $500 a month to live here.