What I like about her is that she takes the time to make sure what you understand what it is that you are setting up so that you don't accidentally pierce your our corporate veil.

Please guide if I can press my tenant to take care of this mess. 

I have never invested yet, but I am an RE agent and can’t press enough how important getting a home inspection is before purchasing a property.

If they continue to press you for the deposit, or give you a hard time about anything else, I would remind them once again that you are not bound by anything in their 'lease', and then I would take it a step further and let them know that there are tax consequences for renting a home at below market value to family members and that the IRS offers a financial incentive to whistleblowers that report suspected tax fraud. 

Long term you want appreciating assets and multiple streams of income.The entering Administration is about to put the Federal money presses into hyperdrive.

Under this paradigm, evicting a non-paying or obnoxious tenant who refuses to leave is often equated in the press and elsewhere with the denial of this fundamental right. 

. - JakeHi Jake,Personally I think 5 years is too far out to plan based on  everything you're going through right now, making a plan for this length of time seems more of a wish list exercise than a followable plan.A more workable strategy might be to plan for buy number one only (figure out ALL of the details for that), then about 18 months later begin planning to buy number two.You have a lot of OTHER new variables pressing in on your time (and money), new baby, new home, new job, new city, etc...But some people like to plan far out..if that's you...then go for it...but I still think the time frames and details at this point are more of a wish list then a folowable plan of action.Good Luck!  

Hello All,A recent article by the Associated Press states that Gov.

@Bhavya Shah you will be hard pressed to purchase anything in California that will cash flow right now. 

Just make sure you check the final CD to make sure the fee didn't "accidentally" appear.