Two of my properties have HOAs but my son is helping me manage them. 

He helped my son get a home and 3 investment houses.

We just had our second son and our other attends daycare to the tune of $440 a month and when my other child goes to daycare we will be paying 820 a month in daycare fees.   

http://www.biggerpockets.com/forums/223/topics/140...I wanted to do another one but because the issues above and I now have a 5 month old son, there was no way I could do the rehab myself.  

Mother currently occupies the house but is moving to assisted living; son is looking to sell.

My friend just lost out on a tiny tear down shack on a 13,500 sq.ft. lot in Los Altos to another all cash offer of $1.93M.

I am putting this in the success stories section because I believe I am on my way to success in teaching my kids important lessons in both life and real estate.Our son is 6 and our daughter is 7.

we looked at them when we built my sons new build.

The tax advantage of an LLC (as I see it) is if you were to have multiple non-married people as members of an individual LLC, the LLC returns (K1's on your tax returns) would allow all of the depreciation, profit, loss, etc to be spread depending on the membership of the LLC.Lastly, so long as you keep detailed records, I would think your tax professional should be able to set up your taxes to show the 'loss' from the improvements to the property.

I will see...it sounds too easy.My son said he wants to buy house #2 from me & I will rent from him.