Now, whether you may claim the full amount of depreciation depends on your status, but you can often recover a significant chunk of it.Step 4: Create an Investment GuideTo help potential investors navigate the investment process, I give a complete guide.

If you waive the late fee, it will create more problems in the future. 

smaller purchase prices, easier to scoop up a bunch to create a nice portfolio. 

Hey @Kiran Chanda I have a few contractor contacts in the area and would be happy to assist you in narrowing down your search for land.

Look at this mess YOU created, and lost income because your emotions are involved. 

It may lend you a little privacy, but folks who want to find you will just look up who created the LLC and then find you.That being said, in MO, they are incredibly easy to set up, and are not that expensive to establish (~$50 last I checked, although that may have gone up) and doesn't require any input from an attorney or tax professional (in my state)Personally, I have an LLC bc I pay myself through an S-Corporation as a realtor...the savings come out in the wash, but it allows me to pay taxes quarterly and avoid end of the year surprises.Another reason you may need an LLC is if you are investing with partners, and/or seeking certain loan types ( I know hard money lenders often require an LLC)Once again, this isn't my wheelhouse, so at the end of the day, I would reach out to a tax professional to learn moreLong answer short: in my opinion, you do not need an LLC if your plan only involves renting out your inherited home

It's a question of creating a funnel that shoots opportunity at you. 

I am interested in commercial multi family property and looking for someone to do JV deals and learn so I choice Peter Harris Program. 

Happy to assist in any way

=D)Is it absolutely necessary to have your LLC created prior to doing deals?