If we plan on purchasing more investment properties in the future do you suggest creating individual LLCs for each property for further protection?

Here's my plan:I want to be financially independent by selling my personal residence and investing the proceeds to pay my living expenses.If I net 180k from the sale and use 10k toward the downpayment on my next resid...

Would you install one again in a future property?

Establishing residency can be as little as he gets his mail at your place, or he has spent 14 consecutive days there.Check Kentucky laws about Residency, that will be your answer on who you must evict in the future, even if they are not on the lease.

You have plenty of time to amass a decent portfolio and set yourself up for future wealth.

None of the knowledge is required, but all of it is a huge competitive advantage in the future!

Michael PallottaThanks for the response and I will most definitely reach out sometimes in the future!

what will these properties do to my mortgage quote2. is there anything I can do to leverage the inherited properties that can help with my future residence?

If the HOA is defunct, not operating properly, is underfunded, or has any other issues, it can prevent financing challenges for future owners (read this affects your exit), and effects the quality of the overall property.

My primary goals is to create some passive income through rental properties, either single or multi family homes, to start building wealth to secure my financial future and stop working full time to have more time to pursue my passions and enjoy life with family and friends.