I live about 15 min from Wrightsville Beach, NC. 

We owe about $840,000, so we now have a total of ~$702,500 in equity, we are now only about 54% leveraged with our commercial loan, and we have a "machine" that cashflows a total of ~$3649/mo (once those two vacant units are filled).

It sounds cheesy, but the best way to prepare is to work with a friend or two and role play.

Can you qualify with your past two years IRS returns?

Two tenants.

Killed two birds with one stone.

As of right now, I am grateful to own a two family home in Astoria and our tenant is planning on moving out this year. 

I rent out a 1BR Mobile Home in which we have two FirstAlert "Smoke and CO" alarms -- one in the living area, one in the bedroom. 

Now I have two different ideas... the first is to set up each property with its own LLC and the second idea is to set up one LLC and inside this LLC a title-holding land trust for each of the properties this way after each flip I don't have to keep setting up and closing an LLCLet me know your guy's thoughts on this situation,Thank you.

I can probably sell one of my vehicles for another $10k.My idea was to put an apartment in the basement and rent out two units or live in one and rent the other.