Originally posted by Account Closed:Bonafacio,I know a trusted contractor in the area who generally works on larger projects than yours, but if you need a second opinion or someone who can verify work being completed by your contractor PM me and I'll send you his info.Would love the info I'm opening it up to any and all local contractors. 

when it comes to monthly cash flow I ask myself the following question: how much money would I need to make per month to justify taking on the added responsibility of dealing with this property. for me that answer is $250 per unit cash flow, after all expenses and accounting for repairs/capex.

Can i buy a house, pay 20% from the LLC account and then make a loan to the LLC for the balance?  

Ken, I use VRBO/HA and Airbnb as well as use Craigslist to point to my Homeaway account. 

Of course you won't get money for the reservation but you also won't get any derogatory marks on your account.

The best (IMHO)you can do is seek out a tax and wealth advisor that you can work with so they can better understand your long term preferences as it relates to your estate and then give you advice on sustainable income into retirement (passive and/or retirement accounts), charitable preferences and heirs, if applicable.

I think this particular accountant knows taxes, just not specific things regarding rentals. 

Account Closed....

It depends on the specifics of your situation and your accountants druthers.The thing you have to remember is that the LLC is the entity that owns the property so it has to do the 1031. 

I need to check with an accountant on how does that work when we go above the original capital.