This property meets the requirements of Sections 1947.12 (d)(5) and 1946.2 (e)(8) of the Civil Code and the owner is not any of the following: (1) a real estate investment trust, as defined by Section 856 of the Internal Revenue Code; (2) a corporation; or (3) a limited liability company in which at least one member is a corporation.”I'm not a trust expert but I'm pretty sure a land trust is not a real estate investment trust (REIT), and I'm assuming your LLC is not owned by a corporation ... therefore it's exempt.

Our efficient project management ensured the renovations were completed on time and within budget.

I, and likely most people on here, would recommend finding a mentor in your area that has sor hands on experience with REI or property management.

. - look at previous settlement statements or get an estimate from your title company.

Let's assume 2 years on the conservative side.Property manager: I would manage this myself.Net income (monthly): -$290/month.

I have project management and re agent experience along with time so I keep coming back to flipping with an occasional brrr to build long term.

Our schedule is demanding, and I won't be able to manage the property on site.

Following the initial scope of the rehab, my insurance company told me I'd need to update the roof for continued coverage.

Sounds a risky but I’m open to hear more if you have a good strategy for managing the risks👍🏼 

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.