Just remember that the expense will multiply times the ammount of llc's you have per property each year.In the beggining don't worry about it to much but as you grow do invest in yourself and explore better opportunities with your cpa.

Remember, for them it's all numbers and no emotion.

It’s based on the time it takes to work your file to fruition but remember you always have a choice.

Remember, you don't count the DP.

Remember you can only take expenses on the rental part of the deal.

Get an agent with a clue.And unless that agent tells you $150K is a good number for that house I'd quit wasting time on those deadbeats.all cashI just remembered, you've got tenants in there.

I remember when I had an attic that could be a bedroom I need 2 forms of exits sense it was above the second floor.

In one of my classes we had a long discussion on this subject, you can imagine it was a current problem all over TX back then.IIRC the instructor in the class said something along the lines of the amount being made up from PMI (or MIP in the case of FHA loans) had been found by the courts to NOT be income as it was INSURANCE PROCEEDS for which the homeowner had paid the premiums.That is kind of the way I remember it, and it does make sense as they are insurance, and the homeowner did pay the premium.

the best way to do either is to post here and other internet forums. look for someone with experience that is willing to teach you the proper protocol. make yourself known and get your sign posted that you are in business everywhere you can. be prepared to put in some long hours and alot of phone calls. i have over 6000 minutes on my cell this month and over 4500 emails to my inbox. the banks dont deal with anyone that dosnt have the cash to perform so if you dont have a solid buyer backing you up it is not to often that you can find a direct source but you cant stop trying everyday. remember, behind every dud is a stud.

Anyone else remember the Resolution Trust that cost the U.S. taxpayers billions of dollars to dispose of assets in the 80's?