Having the books properly set up for the first time ever will help me get all the deductions I’m entitled to.

Quote from @Meredith Higgins: Hi — I wanted to make a post on here if anyone is in need of design services.

There’s a lot of great suggestions in this post.

Another 16 post shill! 

Starting out, it’s common for new investors to own rentals personally to access better loan terms.You will most likely have to buy it in your personal name and move to LLC later.This post does not create a CPA-Client relationship.

I am asking for any guidance on what else to look into for MTR to make sure this is the right decision for my mother-in-laws property.I appreciate your time reading my post and answering my questions!

You can also post the Notice on the door in a sealed white envelope with her name on it and marked Confidential.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I'm almost positive I've seen Memphis real estate agents post on the forums.

I selected Lewiston for the post as I didn't see an Augusta option, but I do work all over the state.It was my family's property management business that brought me to Maine and sparked my interest in and passion for helping investors achieve their goals.