Hi Kasey,If you plan to scale a portfolio, over the long run it would make sense to put them under the LLC.

Like Ken said, really depends on what you're planning on doing with the property.

Ive always used conventional lending 20% down 5 years ago I did a duplex and renovated it with plan to brrrr but life changes caused me to not refinance to keep the cashflow high instead.

Hey all,My wife and I own a "second home" in Reno Nevada which we purchased with 10% down and were planning to purchase another one, but our lender told us that we can't get another loan for a second home within ~100 mile radius of an area where we already own a second home/primary residence.

My initial plans are to apply over at Boeing to keep my w-2 income rolling in so that i can get my real estate career off the ground.

Understand your market, diversify investments, and be prepared for challenges with a solid financial plan.

For the tenants that will occupy the empty unit in the not too distant future I can make my own rental agreement, in particular, I plan to let them pay for the water as well, and I will set a reasonable security deposit.But for the tenants in the currently occupied unit:1) Would it be possible to write an addendum to the existing rental agreement to require the tenants to pay for their portion of the water bill?

My plan is to chip away at these items as needed, keeping about 20k reserves for this in the next 5 years. 

The builder has a unique floor plan that makes it become a cash flowing rental How did you find this deal and how did you negotiate it?

Then once things are dried out, you can work with your contractor to continue with your prior plan for renovation and also add in repairs from water damage.