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Master bedroom had a low points ranging from -0.7" to -3.5""The house has experienced settling of the foundation""It is my opinion that the foundation remains structurally sound and re-leveling is not required at this time.During our inspection of the home we came across the following:Noticeable sloping when walking around.Buckling hardwood floors in the master bedroomCracked and delaminated tile in the master bathroomCracked bricks and mortar joints on the exteriorHome inspector said there is definitely evidence of foundation movementPermapier came out to provide a free estimate and evaluation and suggested multiple piers along master bedroom as well as some other areas of the home. 

There isn't as much activity though as you would get in other areas of Hampton Roads...which can be a pro or a con depending on your perspective.

I'm not an attorney but my understanding is yes, you can definitely do that, and I believe things like that happen every day.While I can see some possibilities for why someone would want to set things up that way, I do have the instinctual thought that it might be over complicating things.Technically the second LLC is another layer of asset protection, and maybe you have a very specific entity structure setup for taxes which would make it beneficial to do it that way (an LLC inside an LLC), but it's worth asking the question of whether these is much difference, or much more protection, than just having you (presumably a Mass. resident) be the member of the RI partnership LLC straight-out rather than having your MA LLC be the member.Also, depending on what else you have going on in your MA LLC it may be a disadvantage to have it be a member of the RI LLC from an asset protection perspective - if someone were to be able to pierce the veil of the RI LLC then everything in your MA LLC would be at risk.If you do go with the MA LLC as a member of the RI LLC, when you go to sell the property you'll have non-resident withholding - but you'd have that if you personally were the member of the RI LLC as well.You'll also need to be careful how you sign anything relating to the RI LLC - you'd have to be careful not to sign as member of the RI LLC but as member of your MA LLC, member of the RI LLC.

I agree it would be difficult for this to be a stand-alone business unless you were able to do it in multiple geographies.As for your question about an agent.

But you cannot just take it and spread it over multiple years at will.

Rent-wise, comps are about $2500/mo, which is just above break-even, but it's almost 18 years before it will be paid off.From an income tax-perspective, we are in the 24% bracket and both properties at this point mostly offset the principal gains with only ~$250/yr due for our KM condo and ~$100/yr due (estimated) for our Santee condo.Now that I am really attempting to understand these numbers for the first time, I see that we have a ton of equity that is producing zero cash flow.

I likely stand to get some sort of inheritance from him someday, and I think he'd roll over in his grave if I used it all for down payments on multiple properties with mortgages and leveraged up to my neck.

One needs an exist strategy, if you have multiple loans and hoping tenants will foot most of them.

Hi Paisley,Nice to meet you.We are looking for multiple family buildings that have some room for improvement.