For rentals, focus on properties that generate solid cash flow after covering mortgage, taxes, insurance, and maintenance.

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!

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

I would like to get my first investment property before the end of the year. 

It seems in order of increasing profitability:LTR < MTR < STRGiven that I'm based in the Denver metro area, unless I'm occupying the property as my primary residence, STR is out the question, as Denver has cracked down on the short tern rental laws.

My question for investors: What is your protocol when entering one of these properties? 

Diverse potential property that can be turned into a STR, MTR, LTR.