Under no circumstances would you want to alter the equity participation of the two IRA's in the LLC in the future.We, with the support of our attorney, implemented some partnership LLC entities back when we first started in the mid 2000's. 

I'm not a CPA, but check w/ one before you implement that strategy.

I love to see other people who have used BP to educate themselves and then implement the strategies.  2020 was certainly interesting for me as well.

Be clear on your plan for the property and be ready to implement it the day of closing.

This states the home has been approved and available to be a rental.And some of these must be applied for every time a tenant moves.So check your state laws.There are Landlord Tenant Laws, Building Codes, and laws that are not laws at all but based on a Judge’s opinion of whether or not a tenant did wrong or not.For instance, normal wear and tear.Judges have various opinions on what they deem normal wear and tear.This is an Industry of thinking skills.This is an industry of holding your temper and implementing your lease agreement no matter what.You need to think like a Judge.You need to think reasonably.You need to be a good listener.You need to be in control.Once you buy a house you need to know how to keep that house and how to keep your tenants long term.You need to know how to be all things in order to keep your tenants happy, yet make them know the rules of landlording and how to be good tenants.I always say that one is only as good as the tools they have.You could be the greatest landlord in the world in mind and action, but if you don’t have the equipment, or the education, or the money to invest in the proper tools to make you successful, then you will never make it in this business.It takes my breath away to read the stuff on here by new investors.And I understand that how can they know what they do not know?

Once you have gotten deeper into it and Natalie is back from her medical leave I would like to compare notes on how you are using it versus our implementation.

It doesn't matter who puts what in initially, it matters what you agreed to, documented, and implemented.

I think you've implemented many good strategies for getting qualified applicants, but if the following are allowed in Utah, I would...1.

I see your post is from 2017.I'd love some feedback if you have implemented this and I would greatly appreciate any info you have.Thanks,EdOregon Wholesale Properties

One poster said "on demand" statements which is a system of getting financial info to your clients.  4) Seek out education online, via podcasts, via CD's, via conferences.  5) Lastly - IMPLEMENT what you learn.