Another property just sold above asking price in my neighborhood (with less square footage and only single car garage as opposed to my 2 car) for 25% more than what I paid 1 year ago. 

There is nothing for frustrating than finding a great property that meets all your other criteria, to only then discover that rent in that area will not cover your expenses.

I run my entire "empire" using Excel/Sheets for tracking expenses, Apartments.com for online payments, MysmartMove for credit/background checks, DocuSign for electronic signing, and Zillow & turbotenant for posting up listings.

If the LLC is disregarded, it does not have any income or expenses of its own, including payroll.

thanks for posting this, it's amazing - basically took investors money and paid out as dividends to old and existing, just like Bernie Maddoff did, he owned very little unprofitable real estate simply as a fake patina of a business to drive the LPs to invest from pg 3 of indictment"Each investor in the Fund also received a written guarantee from NRIA of an annual return of at least twelve percent per year for a period of five years plus a full return of their investment, or else any shortfall would be paid by NRIA."

I bought for $49,000, put $140,000 into full gut rehab, it’s worth over $300,000 now and the renters have paid over $30,000 in rent.

They would have to draft the lease from scratch for that scenario, which would be expensive. 

Its more expensive but depending on your appetite for risk could be worthwhile. 6.

Construction loans are available in Mexico but its a complicated and very expensive process.As a developer, I find and buy the land, plan and obtain all the permits, recruit a general contractor, market and sell the condos to investors who either use them for part time living or list them on AirBanB. 

No recurring distributions or dividends have been paid to date.