I am the same Ryan as above!

Given an otherwise equal choice I'd always go that way.I think (in this particular situation) that you have a slight advantage in selecting a tenant if you tell them up front that you live right next door (or upstairs) and like to keep a pretty mellow environment.

Hey Ryan- could you explain the 50% rule?

Most of what you need to learn applies everywhere (Inc is usually a poor choice for buy and hold).

Bill Gulley can you answer me one question (no need to explain why) with either choice A, or choice B?

It is a choice as to whether you feel the extra time and expense involved with having some entity setup is worth the other benefits.Personally I own some stuff in my own name, I run some stuff through a single entity setup, and have some other things in a multi tiered entity setup.

Good evening.Looking to network with wholesalers, investors, rehabbers, landlords in central/southern Minnesota.Thanks,Ryan

Regarding your question, @Ryan Steele has given good info as to how you would determine whether or not this property would be feasilbe as a rental.

I'll double check anyway, but if your info is consistently accurate, you'll quickly rise up in the ranks as my first choice for inventory.

Account Closed Excellent pointWe do have a choice in life.