Accounting Simplicity: Creating a specific bank account for each LLC can streamline accounting processes, making it easier to track income and expenses for each property.

Some states have zero state income tax. 

I am not excited to have to put a lot of money into the property, but my ultimate goal is to continue to build wealth and passive income through real estate.

The height of each unit is about 8ft I believe.let me look up the sqft I believe it's a standard sized lot for chicago so about 3000 sqft Neighborhood is starting to see some nicer units rents are all higher but it's leans more low income I have a contact that is going to ask the alderman if I could build a separate unit and have the original as an adu architect suggested extending it as they believe it would be easier to get approval than a separate home

And if someone looks at a rental but they're not interested, ShowMojo will automatically notify them when a new rental comes on the market.Here are my statistics for last week:Answered 18 incoming phone callsAnswered 1 incoming text inquiriesAutomatically responded to 13 incoming email inquiriesCaptured 3 inquiries from the webCollected 22 new leadsScheduled 5 new showingsAvoided at least 3 no showsIn one month that comes to 90 calls, four text messages, 55 email inquiries, 12 web inquiries, 88 new leads, 20 new showings, and I avoided 12 no-shows.That's well worth $99 and this isn't even a busy month!

Plus, if you purchase with an entity in a DSCR loan, it won’t impact their Debt-to-income or their personal credit leaving it available for their own personal homes. 

I’m thinking my split on a 20% fee of owner’s STR rental income would be 75% + a finder’s fee for new clients of $1000 or 1% of first year’s 20% rental fee (whichever is greater) + 90% of the $1500 listing setup fee which covers all the work of creating the listing, coordinating the photography, on-boarding to channel management and dynamic pricing software + referral fees on rental properties that go to list.

It was outright rejected and then a week later the sellers countered with $1.35MM and 6.5% seller financing.2023 rental income was about $90,000 but for 2024 summer only 4 weeks are currently booked for $25,000. 

Hi Josh,It depends on whether you will be needing the 20k saving, your income and risk tolerance.

From gross rentals, a license fee (to use a well known brand hotel), and a management fee are deducted before I would receive my net rental income, which would pay for the mortgage, taxes, insurance, and HOA costs.