I plan to start with AirBnB but still assembling my team.

Once it's done, it's done.This is probably obvious to people in the tax world but it seems to me that taking a deduction in the tax year is a lot more favorable than depreciating it, from not having to pay a recapture tax standpoint.

It is a seller's market, Cali is incredibly expensive, land lord laws are not favorable, and you are in a negative cash flow situation.

You'd need to get a commercial loan for that to happen, and those loans are not quite as favorable since they tend to have higher rates and shorter terms.You could purchase it in one of your names and do a quit claim deed over to the LLC, but the mortgage would remain in the personal name of whomever originally signed the mortgage paperwork as borrower.

Champion Home Buyers, LLC is the name of our team and it is family owned.

Organizers of the event will probably say they are from his team and will convince you you can flip houses in SWFL, all you have to do is buy their expensive system to teach you how.

What I don't like about this approach is the management company would give the job to it's favored contractor, you lose control, cost is inflated, and collectively you all have no control over the cost.

I think once you find a team that you trust and have done your due diligence on in Phoenix, then you can leverage their experiences to find the right buildings in the right neighborhood for you. 

Account ClosedHi LukeI can refer you to our cost seg team member.  

I'm a recent graduate who'd like to begin building a buy and hold rental empire in northern NJ - with a specific focus on college towns and out of favor markets (e.g.