The attorney and accountant are important as they can help you set up your LLC correctly and the banker will be critical when you begin to make offers on properties.

It is the rental market that sets the rents.

They will probably hold your rehab money in an account and have some sort of disbursement criteria set up for all rehabs.

I'm investing in Missouri, he lives  in Maryville, nearby where I invest.I feel we both have similar interests, yet bring different skill sets and attributes to the table. 

Where can I find info on how we set this up and what we need to have in place regarding paperwork etc.

I don't get to Clarksville much but would love to set up a time to meet up.

So again it's up to the individual investors specific set of circumstances, goals, and their tolerance level for debt. 

In addition, you need to make sure you have the proper paperwork and you set them up correctly.

Hello BP,So these HOA board members are trying to amend the HOA rules so that the owner of each rented condominium unit needs to pay $50 more per month. 

Our offer was just accepted and getting ready to get inspection started.So we have formed a LLC with the state and i wanted to get some information how to set the LLC up for tax and accounting purposes.