We've managed to keep all of our accounting and bookkeeping in-house so I'd love to connect with more investors and to especially hear from those investors who are doing their own bookkeeping and accounting and any of your current struggles.

Use your personal card and reimburse yourself.

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

It will be interesting to see if Brownsville can keep pace with McAllen with the new development happening nearby.

This could limit your ability to refinance in the future to lower your payments.Rental Viability: Renting out a very new home (built in 2019) may not be ideal due to potential wear and tear concerns and the fact that it's less likely to need significant repairs or updates that tenants often expect.Local Market Considerations: Chicago's property market is known for high property taxes and historically slower appreciation compared to other markets.Financial Necessity: If you don't have a strong financial or personal reason to move, such as proximity to work, family, or lifestyle changes, it may not justify the hassle and costs of buying a new primary home.I am a loan officer so feel free to reach out to me directly if you have any other questions or would just like to discuss!

Or, just keep going as I am, doing delayed lending to cash out after I make repairs and get a tenant in them.

Compare selling vs keeping side by side in an excel file. 

LLC, S-Corp, etc) that files a tax return or do you own it in your personal name and report rental income on IRS Schedule E? 

I will keep an eye on that.

So, I borrowed the money from the person that stayed in my first house as she had just sold her house and made a fair amount of money off of it.