Does this speed up the process of taking some 'next step' ie: so what if you have 2 properties is there some strategic imperative here other than just the pure financials on the properties?

(Goal is financial independence mainly via buy and hold rentals)Basically we purchased a "fixer upper" in early 2016 for $230K.

How does the law proceed with protecting people that want to grow?

Hey BP,I just finished reading Financial Freedom with Real Estate investing by @Michael Blank and looking to pick up another book multi family/apartment related.

My biggest mistake in financial life goes way back to before I bought real estate.

They either are protected by their receptionist or will not return calls or emails.

Make sure you have the property contingencies in place to protect yourself-  Inspection, loan, appriasal, termite and specific timelines. 

Tammy, I see several disadvantages to combining the properties into a single tax parcel.1) if held in separate entities, your liability is limited and you have significant asset protection.2) individually, you can borrow against the properties either through refinancing or Heloc.

Also you may be in code violation for allowing a bedroom in the basement.You need to become more active in protecting your asset.

I own some vacant land in Illinois and would rather place it under an LLC for protection & insurance - in also looking at 2 deals in Florida I may pick up.