I haven't seen this lately but be careful and read the terms - there are often terms in the mortgage that preclude using the second home as an income property or limit the number of days you can be paid rent on it.

I ask because I thought the loan had to be non-recourse - Hi Paula, I do have a DSCR lender who can assist with a limited recourse loan that will close in the name of a self-directed IRA.

Furthermore, now even lavishly furnished apartments, thanks to Newsom, will be limited to being secured only with a SINGLE month of security deposit in CA which CANNOT be applied to 'normal wear and tear' of furniture either, so if the tenant in a furnished apartment never pays their last month of rent but wears and tears down all the furnishings, it seems landlord would still have to give back the 'security' deposit on move-out, not being able to apply the 'security' deposit to last month of rent in arrears NOR the worn and torn furnishings?!

We have a $300 repair clause in our agreement which allows us to handle repairs below this limit without notifying the owner. 

Just make sure it covers all the important stuff like rent, deposit, and any rules you want to set.

First thing would be to determine what you are spending $ on and setting a budget personally.

If you are going to sell not making those repairs is going to limit your buyer pool. 

I am not advising you.I suspect you did not consult with your tax pro when you set up our LLC taxed as an S-Corp.I highly encourage you to make that contact!

All living rooms are adorned with sofa sets and smart televisions.

Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!