@Silvestre Madrid, I think it would be good because It seems like the easiest way to get started as my funds are really low. and by really low I mean non existant. :-) @Kanise Kelley and Steven Walter My house does have a separate entrance.

how long after a gifted property is in my name before i can get a HELOC?

Travis Lauchman - Your message was below this posting in my inbox -easiest to just "@" your name so you get the info.

They have great customer service, some great designs to choose from, and easiest to use admin tools.

Not too picky on location, but I would say what's easiest for the greatest number of people.

How much you pay is determined by your personal tax bracket.I think the easiest thing is to not take a salary (I can't think of a tax benefit from taking a salary).If you meet all of the requirements to be a real estate professional, you should be able to apply all of your LLC tax losses to your personal income.

She may be able to gift deed the property to a relative.

Not the easiest to find a quad in the area.Thanks for the input.

i was gifted a property with a decent amount of equity.

Sandy Uhlmann,It would depend on how much you make on the deal.Let's say you make $1K.I would suggest that you give the Letter Carrier a $50 gift card to one of his favorite eating places.If you make a lot more, I would probably give the Letter Carrier, a gift card, and some cash.Remember, the Letter Carrier could be a constant source of Information for you.Raymond