IMO LLC, I have used them for 20 years, I am NOT a tax expert, I would ask your accountant, and NOT get this advice online All the best  

We have been switching back to laminate this year in our Berwyn and Cicero rentals as the renter pool has been ok with it. 

I'm doing that right now as a 23-year-old who is a year out of college. 

Is this possible in 5 years and, if so, what are some ways I can accomplish this with where I'm currently at?

Hi,My name is Michael and I am a 29 year old from Murfreesboro, TN looking to invest in my first rental property (thinking a single family or duplex). 

I've worked in technology sales/mgmt for 28 years and have done well, but probably need to work 5 more years to ensure a comfortable retirement and legacy for the kids.

I do anticipate more refinances this coming year since rates are looking favorable and so many balloon notes that have been on extension after extension will eventually need to be paid off. 

My mortgage was sold to another institution last year and it seems like they handle escrow differently.

If a Cost Segregation Study had not been performed on this $3,000,000 RV & Boat Storage Building located in Fort Pierce, Florida that was purchased in 2020, it would have had first year depreciation of approximately $10,225.

You also have options like 30 Year Fixed, 30 Year 5/6ARM, 40 Year and Interest only (maximizes cash flow).You are essentially acting as your own bank by using the equity and selecting the best rate/term to benefit cash flow.