It just depends on your goals and preferences, how you feel about money and debt, and how risk-averse you are. 

It was the “90 Day Challenge” episode titled: “How to Buy Your First (or Next) Rental Property by the End of the Year.”For example in the sections regarding checking a property out they talked about due diligence items like calling utility companies to check for outstanding debts or checking the property for liens.I plan on working closely off of this episode but I figured I should check the forums first to see if anyone has seen an existing checklist like this anywhere that I could build upon?

It is important to be comfortable with leverage and debt.  

My understanding is that the 514(c)(9) exemption for UBIT for debt-financed property in a 401k depends on a few factors including that the non-recourse loan made to the 401k is not a participating loan.

Hi all,Was hoping to get perspectives / hear stories on how others approached the possibility of selling RE assets and using the proceeds to paydown debt on other properties.Here is what I see as potential +’s and -‘s:+ increase cash flow by removing mortgages (so more passive income)+ opportunity to sell underperforming assets- less assets under management (so less potential equity appreciation)- taxable gains (will not redeploy into RE as my sense is we are near the top of the market)- 30 year fixed mortgages in place at low 4-handle rates (based on simple bond math, the value of my liability is shrinking on a relative basis as rates rise)Other facts relevant to my situation:* RE is but just one asset in my portfolio (and I’m fine with that); cash flow and appreciation are great, but I’m looking at the asset class as more of a long term hedge against inflation * not looking to leave my day job and / or replace W-2 income entirely with passive income * don’t need the cash flows from RE; again, I see the asset as a levered inflation-hedging play

You can keep records, mammograms, or other to document.In the meantime you can do whatever you want with the property you’re now the legal owner.

You need to keep one continuous set of books under the legal name of your LLC. 

The on-boarding alone is another full time job.As Julie McCoy pointed out, the advantages (marketing, payments, time input, expertise, insurance, legal, website creation/maintenance, SEO, reach) currently far exceed the dependency disadvantages of OTRs.For all that value and time savings, I wouldn’t even bother too much circumventing their communication system to deal outside their box.

Yes it is an issue,and one that you should seek legal advice on

Corporations and LLCs cannot represent themselves in legal proceedings, unlike individuals.