Hello, Reading the forums have been very insightful and wanted to seek some help.1) I currently have a LLC-S corp for my regular business. 

Hold the funds in the account and apply them one month at a time as rent charges are posted.If you are accepting X months of rent in advance, you should have a written lease agreement for that amount of time and I recommend some financial penalty if they elect to leave early.

So it makes sense to take the depreciation.You may want to seek the advice of a chartered accountant in Canada and a CPA in the US to make sure you are taking advantage of all of the benefits available to you.

I'm under contract for a place in St. Petersburg, FL and need an inspection and appraisal services within a 10 day window. Thanks in advance for any trusted referrals!  

Is that possible to do when seeking a loan?

I see a lot of people seeking to be "debt free".

I was willing to seek conventional financing, however I asked the question, "would you be willing to finance it for me, aka act as the bank," since they owned the home free and clear, they were willing.

If you have one LLC for each property, they can only seek damages for the one property as opposed to taking all three properties. 

So there's a few big "it depends" in those answers you seek.

Hi BP Community,My wife and I are rehabbing our bathroom in our first rental. We've replaced the toilet and have removed a small section of rotted subfloor with sheet vinyl flooring on top and replaced it with LVP. We...