The way I see it, if these friends are viable and trusted business partners it could make Real Estate in Boston more affordable with shared responsibilities to reduce the workload of managing the property.

Your dedication to learning and growing in the RE space is commendable and I'm excited to share my expertise with you.

That is funny @Noe Gil I have a mid-term rental already and can share my experience with it!  

With rental property investors, we also share:- Proof of rent paid *some sellers are reluctant to share this until there is an offer presented.- Current tenant's history/profile - Public record information pertaining to complaints, open permits, liens, etc. against the property- Current Zoning of the property and surrounding similar-sized lots- Sales comps- Market stats i.e. average days on market for sales and rentals, vacancy rate- Rental comps including price per square foot (ppsf) reports for recent rentals ..

It is great to be part of this community and the wealth of knowledge that everyone shares.

Hey Tony,For me the biggest benefit of the BP Pro account has been the calculators, they provide a quick and easy way to analyze deals and then generate a report after, so if you want to share your analyses with a partner, bank, agent etc you can do that easily.

@Alice Goodson - No, I don't think there is any advantage, especially since she's already 49% in your current LLC.I don't know much, but I don't see why buying the rental for her in your shared LLC would be an issue.If she's listed on the roster (not the right word) of the LLC, it shouldn't matter.Assuming the LLC is buying the property actually, it just happens to be hers to manage on behalf of the LLC. . .

So this legislative language needed clarity.The SJC rules that the investor would need to install sprinklers if the rehab was "so substantial that the physical structure is rendered ‘the equivalent of new construction’ i.e., in essence as good as new.”In short, there is still a lot of unknown.

Happy to share my experiences and chat with you more if you're interested.

I would dissolve the LLC the year after the property purchase is seen on the return.Please share thoughts about my idea and if there are better alternatives or details I am missing.