You can speak to your accountant to verify any tax implications are not negative, but if you have any other questions about forming the LLC, feel free to message me.

The true is, you do not need a "mentor" and you should not put yourself out there to be "used" any relationship should be mutually beneficial.The best advice I can offer is to seek out the most legit investor groups in your area, and on social media.

.- Check social media.

Most have lower social standards than your normal tenants and will do things without considering the consequences.

I want to take to my social networks and offer a referral fee to friends/family/colleagues for anyone who can help me find a qualified tenant.  

I would love to know more about your direct marketing, what mailers you send, your driving for dollars plans, maybe how you use social media, what lists you love, or just some crazy experiment you can't wait to try.  

Hi @Raman BindlishThat's correct- the only tax implications you will have related to the cash out refi would be you'll likely have a larger interest expense, and you will need to amortize your loan costs over the life of the loan.  

Social skills Is an area I'm trying to work on.

There are many discussions on possible double-tax implications which I don't fully understand but essentially you pay yourself interest and could fare better than the stock market if your investment performs better than the spread, which I have found to be true with my deals.

My work has been the feature photo for all of their social media posts and website pages!