Investing in passive income and venturing to other business ventures.

It's difficult to lose money in this business if you are buying right and have capital reserves but the moment something unexpected happens, if you lack liquidity, you may be faced with making difficult decisions regarding the property. 

If you are new to the business and/or building up your credit and you have difficulty securing well priced financing, it's probably best to partner with someone who can help with the financing.

This combination allows for a potentially strong cash flow potential.Section 8 Availability: Yes, Petersburg does participate in the Section 8 program, opening up another potential strategy for rental income.Revitalization Efforts: The city is actively undergoing revitalization, attracting new businesses and improving infrastructure.

I have a business where I design products and have them mass produced in China.

I agree with @Ko Kashiwagi in the sense that you can transfer the deed to the LLC during the refi but it might be easier to go ahead and set it up at the beginning of the process.It really is up to you, as an LLC can provide personal liability protection, separating your personal assets from your business assets. 

If Toledo was great we would have been doing business there the last 10 years, 

He's been in the business for a long time, is an honest guy, and gave me a really fair price.

Not start operating the business.

How someone handles the "non-sexy" side of the business is telling of how they likely handle everything.