Let me start by saying I have hired a CPA, and have a future meeting set up. 

Just for some background info......the only reason I started and own Skip Genie now is because I specialized in highly distressed vacant properties and learned the ins and outs of how to efficiently find and contact the owners/heirs and then be able to close on them.  

I personally invest in Sacramento, mostly equity plays on buy and hold rentals, but am starting to flip properties again.

States with landlord friendly laws, low property taxes, job and population growth, and low insurance premiums are all good places.

Hey everyone, my name is Ryan I am just starting to learn about all the opportunities within real estate.

Following Lifestyles practices we improved our single family investing, started investing passively in multifamily, and now are syndicators of three apartments. 

I'll explain...When you purchase a property with existing tenants, who have a lease in place (in MN you can also have verbal leases), you'll inherit those tenants and the leases they signed with the seller on closing day. 

I am fine with this when it comes to learning, but when it comes to placing capital, I disagree.  

Wholesaling is a terrible way to get started in RE. 

Can I calm/deduct start-up cost for this property if i add it to an exciting LLC which already holds my first rental or what that expense be considered "operational cost".