Greed creeps in easily and you end up losing deals.I agree with you.

As the previous loafer mentioned, this is all public record and easily accessible in Milwaukee.

There'd b like 4 mortgages on a house and no owner to easily be found if that was the case 😂If u meant "upon acquisition" as in purchased and placed immediately in, not as an individual but str8 into the LLC, ¿u state it should come LLC then property?

Welcome to BP and the questions you're' asking can easily be researched on BP.  

Prop 13 results in ~$400/month savings.The future is not known by anyone and better cash flow can be achieved easily in many parts of the country.  

Hello,I have been looking for almost 3 months (in Cincinnati) and having a hard time finding a good enough deal that's in a good, desirable location and rents easily.  

If you do not do this you are placing zero value on cash which to a seasoned investor is a primary sin.Personally 5% is not enough to suite my investment goals and can easily be surpassed but each to their own.  

@Kathryn Bowden If the windows are still in good condition (it opens/closes easily, locks, and non-foggy), I wouldn't spend the money to replace them.

Way better than getting a door with a veneer over engineered wood - pretty much non repairable if a dog scratches the daylights out of it, someone bangs their dresser into it when moving and dings the heck out of it etc -- solid jams can be repaired easily and the hardness of oak will take WAY more abuse.   

You typically cannot strip the equity out of an investment property as easily as you can your own home unless you travel back to 2003.