It would be one thing if MIL were well off, and were paying rent to you as a means of transferring wealth to the next generation. 

Not at allWe contacted our local realtor who put us in touch with a realtor from Keller Williams in FloridaHe found us a property in Palm Bay already rented out We are going back next week to sign papers and take care of transferring it into an LLCSo all has gone well!

That's an awfully long time to notify tenants, transfer documents and funds, and close your account.

@Morris Cohen I assume you are transferring/have transferred the 6 sfr’s to an entity, otherwise this wouldn’t help you with the  Fannie 10 mortgages properties limit, correct?

Hey guys, I am getting ready to transfer to an online university.

They do say that they will transfer the deed to Special Warranty deeds.Can someone please explain me what’s going on?

Seems like it would have been preferable to do a wire transfer/bank transfer  instead of write a check 😀

The Warren Group (www.thewarrengroup.com), which tracks ALL recorded sales/transfers from each municipality in the state.

This meant we had to move very quickly to finalize investor and loan agreements, receive wire transfers of equity contributions, and provide the bank with necessary documents from vendors and consultants who would assist in the build.

Here is a long hand template that I'll use:= Analyze Deals: Identify: Property Price: Acquire: Down Payment Closing Cost Loan Transfer Stamps Taxes: Rehab Estimate: After repair value: Income: Monthly Gross: Rent Parking Washer/ Dryer Storage Advertising Expenses: {Fixed} Taxes Electricity Water & Sewer PMI Garbage HOA’s Insurance {$100} Expenses: {Variable} Vacancy {5-10%} Repairs and Maintenance {8%} Cap Ex - {Capital Expenditures} {8%} Management {10%} {Optional} Future Assumptions: Annual Income Growth: {2%} Annual PV Growth: {2%} Annual Expenses Growth: {2%} Sales Expenses: {9%} Totals: Monthly Expenses: Monthly Cash Flow: Monthly Income: ______________ Total Cash Needed: Cash On Cash Return: ROI: Cap Rate: