Hi Megan,You can structure an LLC with an operating agreement and outline the share of ownership of the company.

Our current portfolio:-Florida SFH: Mortgage (includes HOA and PM company) = $2100.

It's important to comply with all legal requirements and stay updated on any changes.Remember, it's always a good idea to consult with a professional, such as a real estate attorney or property management company, to ensure you're taking all necessary steps and complying with local regulations.

I had some problems with the management company not advertising promotions at all and likely over-screening potential tenants.

Hi Mary,For documenting the detailed information of real estate deals, including both basic and financial details, you have several options ranging from custom spreadsheets to specialized real estate investment software.

@Eran Withana I use Toms company Provision for my taxes and they are worth every penny.

@JT ThomsonEncourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

I’m hoping to do something similar and would rely completely on a fantastic property management company. 

I currently work as a Project Controller managing budgets for the company I am employed by but excited to use my savings to pursue real estate in whatever capacity I can.

Hello, if I sell an LLC holding real property to a homestead buyer, can I use commercial loan terms on this (business/holding company) sale?