This is why I think it is so important to build a large database of contractors who you are familiar with and don't get lazy when assigning a job.

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.* At what point was the administration of it just too much, where you had to hire someone to help with bookkeeping?

I would like to share databases with other people if possible.

So I believe there is even more competition for cheaper properties and less for expensive ones.Overall, the French government has many programs from investors tax incentives to tenants subsidies to pay their rent that the RE market is not quite a free market, which makes it hard to analyze and compare to the US experience.The lack of a central database (MLS in US) is detrimental to getting a good view of the market and market trends so my view is limited to the specific markets I looked at.I can be more specific if I manage to close on a property in a couple of months ;-) Let me know if what I mention above appears very different than Belgium.

Either as Administrator (no will) or Executor (will).As the estate representative you'll want to petition the court for Letters of Administration/Testamentary.With this document this will give you legal authority to sell the property when the time comes.

i get no benefits from the Social Security Administration because i was self-employed and chose not to pay myself eventhough i had been paying  social security taxes for about 20 years.  

We would do a TIC with you but you would need to bring in more than 1-2Mfor it to make it worth the administrative burden.Again when we sell the asset in 5-10 years anyway you will be in the same but worse predicament.

Plus possible other duplicated costs, like recording fees, transfer taxes, a few other administrative hurdles with insurance.

This means you don't need the additional expense and administration of an LLC to have checkbook control.