If it was part of the same plot of land your primary residence sits on and you sub-divided it, I would consult with a tax advisor as you may be able to claim the tax credit.

I know this may sound biased but I dont recommend using the online services because there are a lot of questions that need answering when establishing the LLC and a few extra bucks spent now, can save you a lot in the future.

GONE and long gone are the HML who loan based on equity etc.but the reason you want to establish a relationship with them and probably bring in a equity partner to start.. is once you have half dozen successful deals behind you .. then its possible to get higher leverage from them and more favorable termsThere are HML in our Portland market that will do 100%  they charge for it 3 and 12.. but its 100% but you have to be with them for a few years and show very good track record.

That was a 50 yr old established couple with a college aged kid.

They are better purchased from a financial advisor that is regulated by the securities industry who educates their client not only on the risks of a DST but also ensures it is a suitable investment in terms of distributions, investment goals and tax strategy.

This being said now that the LLC has been established I have been reading a lot of threads and have noticed quite a bit of conflict with people suggesting they struggle to get loans and insurance through the LLC versus an individual.

If you buy with all cash, and the market drops, you're cash in your property also dropped since the property is worth less than you paid for it.If you only spend a down payment, and finance the rest, that drop doesn't impact you since what you have established is a cash flow situation...that isn't impacted by the drop in property value.

It's also your right to deny them if this was indeed your advisors' opinion.

I plan on continuing to do deals in the future as well once I move and finish getting established in Hampton Roads.My question is, should I establish a new DBA for the rental property to cover me since it is only one house and the house is in mine and my wife's name still and won't be in the LLC's name?

This requires the establishment of a self-directed IRA, which is basically just an IRA with a different processing model that allows for investments beyond publicly traded stuff.The key is that it is the tax-sheltered retirement plan diversifying and investing in real estate.