I wanted to speak to someone with experience with this and ask if it's feasible to make this a good investment?

I've always been interested in real estate, but I always felt that it wasn't something feasible until you built wealth first.

All income and losses for the LLC would pass-through to our taxes, right?

Hello everyone -So I just wrapped up my first year as an investor and landlord (great experience so far) and I'm in a situation where I need to decide whether to take one of my tenants to small claims court or just eat the losses as a learning experience.The property I acquired is a commercial  office/warehouse property with 8 units: two units are shared and there was 1 vacancy.  

If it's not looking great when you see the budget,  you could see a MAJOR loss in cash flow due to having to pay for an assessment.  

If that's not feasible, you could shop around for other lenders.

You better get to know the area and the market well before jumping in or you could end up taking huge losses on properties that seem like great deals but aren't.  

New construction is not cheap and the process from feasibility all the way to occupancy is long.  

I'd like to get some tax advantages off the property, either by putting it in my companies name, getting some sort of "gift" value from it, etc...I didnt know if I should tell them to buy the house they want, put it in my company name, and then I can take a loss off the "rent" that they dont pay the first few years?

This would mean negotiating purchase price to 312K would be ideal (not sure how feasible).Hope that provides some food for thought.