But trust me, it's possible to make it happen even without a ton of cash or perfect credit.I’ve been in your shoes and managed to buy a number of properties without using my own credit or cash.

So that's what I plan to do: I'm going to buy in my own name and use a DBA.However, I also want to start building corporate credit now; which requires an LLC.

your business will have it's own tax return depending on how you structure it and you'll get a partner return either profit or loss and that will pass through to you typically if you are an LP. if you are GP it's a little different. you also get the depreciation of the asset as a tax write off as well as interest expense typically. 

I've owned dozens of rental properties over the last 20 years, and they come with three kinds of hard work:1.

I’m in the process of switching several of my buildings over to individually metered propane heaters so the tenants will become responsible for their own heat costs and more accountable in their waste of resources.

This means each of you owns a percentage of the property.

I own all of them outright, so it should be slightly more manageable.Any advice would be greatly appreciated!

Be thankful they are taking this step on their own to ensure they don't get behind and stick you with unpaid rent.I'm sure how much they may be approved for varies on a case-by-case basis, but I have tenants who have paid the full rent for multiple months through COVID rental assistance.Your role is limited, and in my personal experience requires just a bit of information on the balance due and a signature.

I own a townhome in Fl with $300,000 in equity.

I own a multi-family property near Downtown Monroe, Mi and have been observing a significant increase in activity in the area.