Hi Everyone, I'm a big believer in trying to simplify things, and I love the idea of controlling property without owning it.Just curious what everyone thinks of using a long term L/O with very small Option fee and no rent credits to control property, but then just straight renting the house for cash flow rather than doing a sandwich L/O.I'm not sure if the spread would be too thin, but my thought was I could do a lease for the PITI amount and then cover expenses up to say $200.  

Chase bank will take straight cash into your business checking.

But on the plus side the budgeting options are straight forward was well as forecasting.  

It just may not be as straight forward as I initially thought.

I am looking to move in straight after my lease. 

Tyson... any time you talk about needing money on BP or looking for money you will get PM's from all the scammers that troll BP.. you fraud detector is alive an well.. these guys are either straight up frauds who will steal your money. or they are raw rookies who know no better.ABSOLUTLY do no business with anyone who hits you on BP and says they have private money at bank rates..

Based on how I see things playing out, the transaction costs make a 1031 less appealing than straight up purchasing additional units. 

good one wayne lolhere's my 2 cents @Lip MeisBe specific and straight to the point.

I find it highly unlikely that we are in for a straight shot from here to AI taking over everything (i.e. the end of jobs more or less).

There are a lot of myths out there about ways to get around not setting up a LLC correctly for cheap, however, if hit with a major lawsuit a good lawyer may cut straight through to you if not done correctly.