Then, I am betting the property needs a ton of cash for the plumbing, electrical and heating system(s) and does the property have a separate heating system for each unit."

Albeit two separate dwellings.

PROs: 1) You will learn more about how property management works, which will improve your chances of hiring a good PMC in the future.2) You will save PMC fees3) You'll know your properties better than any PMCCONs:1) You may make costly PMC mistakes: tenant screening, legal, evictions, maintenance, being too nice, not being on top of things2) More time3) You may make emotional decisions insted of business decisions

My grandmother left me her house in a great location in town in a good neighborhood close to good schools and 2 large hospitals. 3 bed, 2 bath with a large living room and separate den (I use as an office).

I recently separated from the Marine Corps and am eager to get into the world of Real Estate Investing.

I'm assuming there's separate furnaces, since the tenants pay the gas.

As far as running a business, would an LLC be enough to cover the whole property, or would it make more sense to structure it in a way that was separate from the residential.This question is just off the top of my head as I just came across the lead, and am going to look into it more. any ideas would be appreciated.

I appealed to the owners emotions as it had been in the family for many years.

Q: is there a separate BP forum for STRs?

For depreciation on one of the properties, I was planning on separating/segregating carpet, floating LVP flooring, cabinets, dishwasher, microwave, oven, and a shed as separate assets from the building and using 100% bonus depreciation to deduct fully this first year.