The IRS announced nonacquiescence with this decision (AOD 2017-06, 2017-33 IRB), stating that the requirements of Rev.

Yeah there were a few points where I was questioning my decisions... the appraiser projected $950/month in rents when I had underwritten at 1300-1350 (albeit after light rehab).

As Im typing this Im thinking spend as little as possible to get into a prop that cashflows and hold onto as much as I can for #2.WHAT OTHER FACTORS WOULD YOU CONSIDER IF YOU HAD TO MAKE THIS DECISION?

Best decision ever.

Forget percentages as a guild/rule when making decisions. 

It's generally recommended that you consult a CPA or Attorney familiar with these factors to help make a decision that fits your risk tolerance and overall investment goals.

Having a hard time making a decision.

@Roberto VasquezThe decision to create one or more LLCs for your properties can depend on a few factors.

You'll want to have the confidence of data to back up your decision when the going gets tough.

You need a few decision points and an established cash flow for your first deal.