I was wondering if there is a way that the company that manages the LLC is the one with the bank account and not the LLC that owns the house?  

So I'd say the seller(s) should consult with an attorney or accountant, but it's possible they may owe much less than 15% or nothing.Also as Account Closed said, seller financing is also often attractive to people who are concerned about taking a big tax hit in one year - instead it's "pay small amounts as you go, over time as you receive the money" and is great for a number of reasons (no or a favorable interest rate for you, no bank BS, build long-term relationships and credibility with future sellers, possibility to discount in future with a payoff offer, etc.).It's worth having in your mental toolbox even if you don't use it on this deal.

After buying - by chance - a 'high cash-flow' apartment as first property in Malta, my husband and I realised that Real Estate Investing could help us reach our goals: financial, geographical & time freedom.We are already working online, allowing us to travel frequently for long periods of time.

Account Closed The main problem I've found with college towns is your property mgmt options seem to be very limited.

Through self education was able to become both a licensed insurance agent as well as Supply Chain Account Manager, each for over year.

@Matt Lockwood, I am not an attorney and agree with Account Closed that this can be done, the most important thing is to make sure your investor documents are solid.

As you start acquiring additional properties keep the 100K in a savings account until you've used up the proceeds from the two condo refi.   100k in CASH looks great to underwriters.You should only be putting down 20% on these new acquisitions.  

My question is once I accumulate more properties and begin to move them into LLC's how do I go about transferring my monthly profits from an account owned by the LLC into my own personal account?

And an Instagram page, a Twitter account, and half a dozen other social media presences.

Account ClosedDo you ever offer any useful information other than "Why would you want to buy were an evil HOA is?"