The goal should be to have the other unit(s) of the property cover all your expenses so that you are essentially living rent/mortgage-free, and can take that savings and put it towards additional properties.My recommendation would be to talk to a mortgage broker ASAP and verify that you can qualify for an FHA mortgage, which would allow you to put 3.5% down (less than $10K) and qualify for a great OO rate.

HOA and condo fees are an operating expense and thus are in the 50% rulePersonally, I would never include them in the 50%, since they're an extra expense for essentially nothing, insofar as a rental is concerned.

Most people take this money and essentially throw it away on unnecessary stuff -- electronics, restaurants, vacations, cars, etc.

Yup, every time...and yes, they are at $150 these days (at least in my experience)...I understand the need to rekey, as FNMA uses the same keys for large batches of properties, so giving you a key would essentially allow you into many other FNMA properties (and allow other buyers into your property if they swipe a key).But, the $150 is ridiculous.

If you choose to make that election, then from the IRS' perspective, your LLC is essentially a corporation.If you elect to be taxed as an s-corp, earnings still flow through to your 1040, but you have some additional options with respect to breaking up salary and dividend payments.

., this essentially funds the LLC/sole proprietorship.

Title insurance is essentially an insurance policy that protects you in the case that a previous owner or some other person tries to make a claim that they own part/all of your property and/or try to encumber your property based on action of a previous owner.Here's a real-life example of how title insurance is helping me TODAY:I have a closing this afternoon on a property I purchased 2.5 years ago.

My guess is OBL was relying on secrecy for protection instead of a private army which would have essentially broadcast his location.

For my S Corp, I receive a salary plus I get dividends which are taxed at only 15% as opposed to the marginal tax rate.Check with your own CPA, however, good record keeping is essential in any business, particularly RE.

Essentially it only means that EPA is aware this product exist on the market.