Setting clear expectations upfront with a detailed lease agreement is a must.Consider Property Management: If managing the property starts feeling overwhelming, consider hiring a property management company, even if just for the rented units.

Hi,I am planning on setting up a multi-member LLC either in North Carolina or South Carolina to house the rental properties under, and wanted to reach out to the community about which state is more favorable to holding rental properties - assuming that the property can exist in either state.Thanks in advance!

Purchase price: $594,000 Cash invested: $153,000 Closed on my first investment property,A single family residence of 3000sqft ( +another 800sqft unfinished basement) on a 0.25 Acre lot.

Experience with models tells me they’re great confidence building tools, but never a good replacement for common sense - and the wisdom of experience.

Will your savings grow faster than property values?

I already own one rental property, which is doing great, with cash flowing around $500-$600 per month.

Can you sell your currently live in property to your LLC?

I recently went into a 50/50 LLC with a college friend to buy our first property in the college town we attended.

i This particular PM and property I have had for two years.  

I want to add AC to this property and leave the boiler in place.