We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

(No reflection on you by the way, just trying to make it clear that an LLC is overrated.)I been sued a few times and I've sued a few times.

If you boost leverage to 75% the cash in your pocket is even greater and the returns get boosted again.Now go forward in time a few years and you can do a few things you can never do with a stock:If the property has appreciated, take out another loan and put more money in your pocket.Or, you could sell the property you can use 1031 exchange to buy a much bigger property, reset the depreciation clock and pay no income taxes at that time. 

I am my biggest enemy.

But still found it odd that they burn employee time for no water usage.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

I’m the meantime I was able to find a new tenant who has paid the security deposit, first month rent, and has scheduled utilities to be transferred to their name but no lease has been signed yet.

There is no free ride!

I have no experience in real estate but am excited to get started.