And, as you continue to buy more properties and form more entities to segregate your assets, you may decide to form a parent holding company to reduce tax preparation fees, ease administration, and add an additional layer of asset protection between your properties and you personally (shown as HoldCo, LLC in the sample organizational chart).As for which form of entity to use, it can be state specific, so you should seek advice from an attorney practicing in your state.

I own four cabins in the area, I love it and definitely the best financial choice I've made! 

Hi Marci,A major precaution to take in the practice of Form School Feng Shui is to avoid living too close to places where there is a great deal of sickness, death and unhappiness.

I'm looking to get started in real estate investing and I'm interested in mobile homes being that they area generally the cheapest housing and many people say that it's practically recession proof.

As for the management company, the key is to find a reliable property manager which is harder than it sounds and the choice are dependent on a type of market you're in (smaller markets typically offer fewer choices and etc...) 

There are a lot of choices in 2020. 

Should I do this..blah blah blah...oh by the way 800k in cash...continue continue oh by the way I have another house or TWO that I could do the same with. hahaha...good luck with your tough life choices. 

Considering your starting cash, I suggest learning exactly what is required for "Tax Lien Investments" in your state of choice.

Location, egress, and new developments make this a great choice to invest...business and property, commercial, or residential.2-Karnes County, including Kenedy and Karnes City.

I am practicing using the deal analyzer, and my goal is to continue analyzing at least one potentially good deal each day. 1.