You’ll still owe taxes on rental income.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

I'm sure organizer @Dmitri L. will be thrilled to know you'll join us.I am currently trying to find a venue for us to meet and a head count is really important so I will certainly add you to the count and I ask all others who plan to attend to make it known so we can secure a venue with adequate space. 

I get the feeling you aren't paying taxes on your unreported income, which is against the law. 

I am a licensed realtor here in Los Angeles, don't want to deal with the exodus of insurance companies and difficulty getting insurance and keeping it after a claim, tenant landlord laws being heavily in favor of tennants, exorbitant property taxes and minimal RTP among a few other factors with these being the most inspiration to take my money out of california.  

A 1031 exchange, also known as a like-kind exchange, allows taxpayers to defer capital gains taxes on the sale of certain types of property if they reinvest the proceeds into a similar type of property.

The goal is to secure my first deal by the end of 2024.For now I am just soaking it all in and reading the threads of experienced investors on here.Thanks for the advice!

a lot of times the numbers in those lower cost areas will look great on paper... and then 10 years of cash flow will get consumed by capex, vacancy, turnover, tax increases.

He paid for the security deposit and the 7 months up front no issues.Kevin typically is a great neighbor, even doing (approved) home improvements to the unit (he repaired a fence that was damaged due to weather conditions for example) as he was moving around a lot beforehand and was excited to settle down somewhere and call a place "home". 

Hi guys, sorry if I am posting in a wrong forum (There used to be local forums, somehow I cant find those anymore)...Does anybody know, if I wanted to transfer a house into an LLC in Indiana, is there a transfer tax?