The benefit is that your entity may not be subject to the Passive Activity Limits for deductible loss established by IRS. 3 Financial: If you are properly running your LLC (minutes, filling, separate bank account, filing taxes, EIN, getting your DUNS number, Getting Business Credit Cards, etc.).

I'm just being really careful and I want to know how to approach this properly.

To properly shop, many different lenders will need to pull your credit report.

There are so many things that need to be taken into consideration so make sure you do enough market research and properly analyze your market.Good Luck!

IF it doesn't have their name highlighted in a blue background (like yours is above) it didn't work properly and you should try again.

It could be your 3rd mailing that they finally react on simply because they got another (over due) bill that very same day.

Give proper notice and enter.2.

Sellers will often fill them up with anyone who walks through the door in order to make it look full, but it becomes a nightmare if the tenants weren't properly qualified.

In the short-term, I'd like to learn to properly evaluate deals, learn about financing/capital options, and purchase a second rental property (not necessarily in the Boston area).

The leading real state books and educators teach the following basic approaches to buy real estate creatively.Some good and some not so good.Later I'll discuss the pros and cons of the best creative financing methods so you can determine which to use for your particular situationLand ContractsOptions, Leases, Options to purchaseAITD's (All inclusive trust deeds or wraps)Seller carry back deeds of trusts/mortgagesTaking subject to the existing financingNot recording the deed, which is dangerous if not properly protectedRecording a memorandum of agreement Trusts:Transfer the property to the sellers trust, get the bank to approve the transfer and then have the beneficiary of the sellers trust changed to the buyer.Just transferring title into the buyers name hoping the lender won't call the loan.Equity shareAny of these will trigger the due on sale clause and as a buyer or seller if you haven't put safeguards in place, you are unprotected against claims against the title from showing up and or the lender calling the loan due.Are you prepared to take the chance that the seller may further encumber the property or resell to someone else?