We were not able to view the property before hand but did have pictures and a assessment of the property to go off of.When we finally closed and went inside to look it over and get a plan together, we noticed that the paint was peeling (the LR and hallway are a lime green and every other room in the house is a different color) in just about every room.

You, on the other hand, by being a Manager-Member, owns 19% of the LLC.The LLC then invests in the syndicated deal and the members get a pro-rated portion of the profits/distributions from the syndicated investment.As always have a lawyer in your state ensure you're doing this the right way.

Hi guys, it seems like since the "Stress Test" was implemented checking for "borrowing strength" by mortgage advisers depends solely on income/salary regardless of cash in hand.  

@Matthew GangiHouse Hack allows you to save more money if you buy it right and gives you first hands on experience being a landlord!

If you want to get your hands "dirty" and you like improving things, then go into flipping.

Hi guys, it seems like since the "Stress Test" was implemented checking for "borrowing strength" by mortgage advisers depends solely on income/salary regardless of cash in hand.

Hi BP,I'm looking ahead at options for mortgage #5 and I was curious for the 6 months piti that you need on hand if that has to be cash or could it be held in a retirement account like a roth IRA or TSP.

Running a short-term rental biz, even if one property, is very hands-on. 

I can hand jam it on excel myself but if there is a company that has already put all this together, I’d be interested.

All have been long time members of our association and working with local investors and small business.For Tax Strategy, hands down I would recommend John Hyre - but he works on a national level, formerly from Ohio.