A few things I asked reading your post is how old is the property?

I was listening to an Old Capital Podcast today and they had what I thought were some fascinating guests, Vino and Mangesh Patel.

Hello Everyone, I am a newbie to both biggerpockets & the world of REI!

(Click on the images to enlarge)I tried not to take you through the Journal Entry Process because I know how hard it can be to do Journal Entries, and so I tried taking you through the write checks and create a new invoice scenario, but it didn't deal with the old invoice or the payment received that bounced. 

The flooring upstairs is rough, old carpet and laminate flooring.

I am just entering into the real estate investing world.

Are they squatters are they old tenants the old owners ?

I'm 24 years old, married, and I have a 14 month old son.

Hello BP community,My name is Micah I am 23 years old and I am new to this community. 

The other issue is that you will most likely have higher loan rates and higher down payment requirements (at least 25%) if you try to buy a property under an LLC additionally you may still have to personally guarantee it to the lender under your own name especially if the LLC is not 'seasoned' or over 2 years old.