In my limited experience with HML, it was something like 2% loan fee and 12% interest on the FULL balance.  

Especially in eastern PA where competition and inventory can be tough.If you have 80K, spending 60-65 max should be your limit.

If you are looking to just obtain the 25% redemption rate set by the state for properties that are limited to 6 month redemptions.

The advantage to doing a few lots for a duplex or quad plex at a time would be it’s easier to sell a few in a limited time than 9.

Like @Sarah Miller and @Marcy Albrecht said, you can buy places within the city limits but it's still about location. with that said, i'm always looking out for my end game. one of the issues with buying in certain parts of canton is that when you decide you're done, you may not be able to unload your properties.

And those also only have a limited ability at best to generate a balance sheet, which you generally want to include on a 1065 return.came here looking for answers to exactly this question, and David is correct re: why.

The equity increased a ton especially w the limited supply 

Their most significant risk is an injury lawsuit that will either be dismissed or settled out of court by their insurance provider for well below the liability limits.If a mom-and-pop investor obeys the law and treats their tenants honestly, they'll never have to worry about asset protection beyond ordinary insurance and a small reserve.Yeah, Nathan, for the investor with limited assets you may be correct.  

If it is for liability protection, keep in mind to actually limit your liability means that any loans and insurance for the property need to properly be in the name of the LLC and not your personally.

But we had four kids, a hubby who was a car guy and needed a shop or big garages, and a limited income.