You also need to have the proper reserves when purchasing any property.

Any steps besides agreeing to terms, payments, and having the proper amortization schedule, that I need to be aware of.

Mobile home manufacturers have hired some great designers in recent years and you will get some great ideas (which you can copy verbatim so take some color chips from the hardware store with you to match).

Chicagoland including the city proper and all of the surrounding towns, villages, suburbs.

@Pedro Bartolomei It depends on a lot of factors, one thing in my state with a minimum of $800 annual fee for each LLC, having one per property starts adding up to quite a bit where for the price of one of the LLCs or so you can get tons of liability coverage and umbrella policy.Regardless, having proper insurance is important because it is probably more likely getting into a car accident and sued than having a tenant sue . when something like the first scenario happens it wont matter if you have 1 LLC or dozens.  

Ultimately though, the most important thing even over doing company vetting, is knowing how to do proper levels of property due diligence.

Each year, the bank will settle up to make sure it’s properly funded.

Barges would land and move the pork and lard farther down the Allegheny River to the city center proper and up the Ohio River to supply all the river communities between Pittsburgh and Cincinnati. 

Every one of these should be considered at a separate trade or business level.If you decide the disregard the QBI reporting all together because you don't want to contend with the software you will either be throwing out a deduction of up to 20% of the income the activity is throwing off, or you'll be messing up your QBI loss reporting by not having the proper carryforwards and end up claiming too much of a QBI deduction in future years.

Hello everyone, Long story short...1.1 million dollar property, considered single family unit, two separate units, 1 garage 1st individual invested $437,000; average credit2nd individual invested $70,000; excellent creditTogether, they split the mortgage and other expenses (property tax, insurance, etc...) 50/50 How would you properly prepare a T.I.C. for this kind of scenario?