My current goals are:Short term (within 1 months)  Own one multifamily dwelling  Own three single family properties  $10,000 cash on handLong term (4-5 years)  Purchase home for my personal use  Maintain at least $25,000 cash on hand  Increase credit portfolio to $150,000  Own & maintain 8 single family properties  Own & maintain 2 multifamily properties  Start my own charity to give back to my community

It is very possible for town homes to be without a HOA in fact I just offered on a townhome with out one last week. however be aware that even though a townhome may not have and HOA there my be guidelines for owners to follow by as far as keeping the property clean and maintained.

If you could afford the house, it would be better for several reasons:1) Better appreciation2) No monthly association fees3) Easier to sell when necessary 4) You get more land for your moneyThe downfalls are:1) You have to maintain the entire house yourself including the garden, land, etc...2) Slightly higher insurance cost usually (slightly)It all depends on if you can afford it and are willing to maintain it.Jason

Bottom line is there are many benefits to having an LLC but you need to weigh them against the cost to set up and maintain the LLC.

At low cap rates versus debt you have less chance to shift with the market to maintain occupancy levels.I like 10% vacancy on quality properties for an estimate.

The rent would be about 1300-1400. 2005 home and it was well maintained.

Do you(the broker) maintain a copy of my leads if I leave?

So i'm trying to slowly move to the other side of this thing while maintaining my contracting business.

I want to still only live on her income which is 38k and save my engineer salary for the next 4 plex.The morgage will probably be around 800 to 900 and taxes lime 500.Each unit will probably rent for 700 to 800 a month living in one that will give us an extra 2100 to 2400 for paying the morgage and maintaining the property.Should we go for it?

Discuss this with your attorney and CPA.The yearly cost of maintaining a registered agent.