For instance in Texas you will have a very difficult time obtaining title insurance if at allMy suggestion is to get the property under contract and open title.

Cons are what I just mentioned about having to live there indefinitely, and also that I would be getting it at market price (unlike the distressed single family deal I found off market) unless I find an off market multifamily deal.

I Purchased the home for $99,500 off market from a women that lives in Costa Rica, she obtained the property from an inheritance.

You will need to obtain an ITIN to invest in the US.

When creating your LLC, it is important to keep in mind that people are still capable of obtaining all your assets within that LLC.

Then you have to buy something of equal or greater value.You could do the 1031, buy the new property/s and then still do a cash out refi if you wanted to.The 1031 will allow you to postpone capital gains taxes, maybe indefinitely if you keep doing this or hold the property you buy and pass it on to your heirs.

The lease agreement (obtained from a fellow house hacker in town) states the following (which said tenant agrees with all terms):USE OF PREMISES.

Anyway I digress.I picked a random skip trace service and ran all of my 6000 leads through them to obtain landline and mobile numbers.

The upstairs tenant moved in about 2 years ago and since obtained a pitbull.

My goal is to achieve complete financial independence through real estate and obtain enough property to build my net worth in the most rapid way possible.