I love your idea of the Clik2Flip mobile property analyzer app and the facts that it requires NO data entry.

Generally, it's a good idea to set up your LLC in the state where your property is.

I found a property that cash flows around $100-$150 in Bakersfield, depending on the interest rate, but I am wondering if it is a good idea to take this and run with it as a first rental, in order to be able to cash out refi in the future to be able to put a bigger down payment on a mult-family property.

Your inspector should give you a good idea if there's anything big and pressing.Also, if you house-hack, that hopefully means you'll pay a lot less in your mortgage than you're currently paying in rent?

I’d love to connect and hear about your success in Memphis and Detroit and share ideas.

They quickly jump into transactions without any idea how to build a sustainable cash flow machine.

@Jennie Berger I think it’s a great idea to have an attorney review first.

I am originally from Elgin, but live down in the city now.Love the idea of owning a campground and sharing it with other people...for me, there is just a different energy when you get a way from all city noise, lights, and hustle & bustle. 

I have read conflicting information as to the requirements and limitations of a real estate agent being part of an LLC owning rental property.   

We understand there is a limitation on how long you are required to live in the property to keep your homestead exemption.