However, you may need to discuss this scenario with a tax accountant to determine any tax advantage you may get using a land trust in this arrangement. 

Account Closed Gotcha.

I am still curious, why people invest in Motel over Apartment considering lot of management involved...

Tenants just didn't disclose....I prefer to let them stay, as long I find a documented systematic way for them to clean and account for the pets

Hard to read = too much work for busy investors = very little response.For example,Account Closed, here are the particulars:Sales price of $270,000.

Account Closed From the little information I was able to get, it looked like about $200 per unit based off the gross rent/numbers of unit.

I'm considering starting an LLC that I can run rental income and expenses through for the main purpose of starting a retirement plan (probably a solo 401k) so that I can start socking away some income into a tax deferred account.

Of course communicated and preparing for every situation and getting involved in a good investment is always key.

Yes, there are closing costs, like your appraisal but some lenders may pay other costs, or you will and they may advance those costs on your account.

Now what i cannot speak for is Turns.. when it comes to turnkey, however I am note sure you can account for that with a BRRRR either.