This is fascinating to me, let us know what you end up finding out. 

Develop an itemized list of the various risks specific to your proposed investment, and the cost to you of each.4.

Can i set up a pm company under his broker license?

The project dragged on for over a year, with constant headaches, budget overruns, and stress.

We have found local lenders with good terms, through the broker, and other ones as well.FHA/Conventional: If we go the FHA route, how do we structure the property as a business after the one-year occupancy requirement?

- Should I purchase the property through an LLC for potential tax benefits?

My California tenant has initiated his monthly rent payment ($2100) to pull from his Chase account on March 14 through my Avail PM system, but I will not be receiving it until March 19. 

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

We are getting a sofa bed for the living room of our STR.

Am I the only one having the problem of rental collection.