We use the rent to pay 90% of our bills and see at least a 10% return on our appreciation every year, year after year.

I'm hoping to begin supplementing my pay soon and eventually do this full time!

It sounds great on the surface: use a 0% APR intro offer on a credit card and then pay it off when you sell/refinance the property.

I flat rate the water by person in each unit, include it in the monthly rent and pay directly.

What rent are the tenants paying, and is it at-market?

But you better have a plan for when you do use the credit on deals to make sure you do not get stuck paying loads of interest on them.

I pay for Microsoft Office 365 family license and included with it is 6 accounts to MS OneDrive cloud with 1GB storage each.

In total we will have 1 LLC and two separate trusts.All that said, I guess my questions are as follows:-We need to set up an operating bank account for renovation work for our new property, should we set this up through the trust, through our existing LLC or just pay using our personal accounts?

Question: We have two CALIF. condos (PGA West La Quinta & Lake Arrowhead), each earning $30K ann. as STR’s, w/3% loans, our son pays for one condo.

Does that return to tenant and the tenant pays a new last months rent congruent with the increased rent?