However, its something you are REQUIRED to take by the IRS.

The IRS requires that you separate the value of the land as land is a non-depreciable asset, thus you are not able to receive a depreciation deduction for the value attributable to the land.

It's easy to obtain, costs very little, and doesn't require additional, on-going effort to maintain.

There are 12 states that require NMLS registration and a state license for ANY loan on a 1 to 4 unit.. the rest of the states you may make a commercial purpose non owner occupied loan without a license.

The house required new flooring, new exterior siding, new windows, new cabinets, new siding, new plumbing, and new electrical.

In my area out of area landlords are required to have local property managers. 2.

Hi Brandon,You'd need to find and build a strong relationship with a local bank to do this, which would require a lot of experience and time.

3) Are there any specific requirements or compliance issues for an out-of-state LLC owning property in Texas?

We understand there is a limitation on how long you are required to live in the property to keep your homestead exemption.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?