Recommend chatting with an advisor regarding the specific property to see if the St.

This will establish your history.

It was long enough a time period to get the business established and see if the model paid enough to cover a regular mortgage (it does).

As to your issues on contractors you used, I only use experienced and established contractors, licensed and insured, and just about all under "corporate" entities, so no need to 1099, professional investor or not.

She's from Hampton Real Estate Advisors who work property management and manage hundreds of properties and invest themselves.Carlos

I am not in love with the idea of running an rv park, it just seemed a viable solution to my current situation, as I am trying to establish an income with this investment.

Most seasoned rehabbers establish a minimum expected profit margin per deal of $15k, in order to absorb the risk of all the potential issues that might arise in seeking to attain that profit.

Did he end up establishing an s-corp?

@Casey Randall Lenz maybe the older gentleman is fed up with the upkeep, ready to sell off and move to condo living. you could buy into an already established business and also rent the house.

A seperate Ira is established for each SFR to isolate the liability and most use the flat fee approach approx $275/year/account.