Our first goal is to have her income covered in about 5 years so she can free up her time.

I too am active duty and have utilized my VA several times to expand my portfolio as it is a great tool to use if you’re willing to live in the property for the required 12 months.

I have had several Colorado LLCs (single member LLCS with one single family residential rental per LLC, so very small-time) for a decade, and always file my periodic report so am in good standing with the Colorado Secretary of State, but have only just heard that I need to file a BOI report before the end of the year.

Anyone here in the Dothan, AL area?

How did you add value to the deal?

(The 2% Rule says that the gross monthly rents should be 2% of the purchase price.)

Let's say total equity raise is $1.7MM and the LP's are not guarantors in the value add deal.

If the answer is NO - DON'T INVEST THEREFrom my experience and speaking with investors who have been in the game for a long time - their success comes down to: buying solid assests in solid areas, holding onto them for a good amount of time, taking care of them, and finding tenants who take care of their assets.

I get the 'professional silence', and have been told imperiously by other landlords that I should just not respond and ignore rambling, and responses definitely encourage more.However I find I have tenants that demand attention, if I don't answer they continue to get louder and angrier, and begin trying to come up with ways to force me to answer and get involved.  

The windows, roof, electricals, plumbing systems, and gas lines all need major upgrade to bring the property up to date.