California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

The unfortunate thing here is that investment properties foreclose at a higher rate than primary homes so many banks just don't want the exposure to this.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

To everyone that thinks that paying down the principal balance reduces risk, there's another side to consider with this that may actually increase your risk and exposure.

If they bought it, there would have been a public record of the transaction that you should have been able to see.Illinois is wanting to crack down on excessive wholesaler fees and now requires wholesalers to be licensed.

Those are several days in length and will give you exposure to all the complexities of buying, managing, and improving a park.  

Do you send the excess to your personal?

No excesses!

Gatlinburg has been getting more exposure to STR investors and this might be an excuse to go out there and check out this market. 

So, because of my personal need to run excessive proforma’s to figure out exactly what I can do to better my situation, I determined, I can pay an extra $1000 per month (making this now a negative cashflow property), and make the property down 15 years soon!