Did the structure they helped set up hold up and protect you in an actual legal situation?

I primarily own SFR, duplexes and triplexes and had no need to know exactly reports by units, rather by property so I don't set up the tenant as jobs, which is another level down in detail.

you have ft drum up there and a lot of small towns with colleges. lots of opportunities if you dont hate living in the cold.

The seller's agent wasn't responsive throughout the process, and we even set up a visit through the mgmt company since she wouldn't really do anything.

We live in Oklahoma and file a joint return.How do we set this up to avoid paying self employment tax on the rental llc return?

I am eager but I've set both an upper limit and a much lower starting point.

There's no set percentage, but ideally under 30%.

With a target customer segment in mind, then you set about developing a product or service that your customer is willing to pay for that consistently meets their needs better than the competition.When we bought our two SF rentals, I used that same approach.  

@Donna Ryngala Any attempt to circumvent owner occupancy agreements - which you will sign at closing - could set you up for a charge of mortgage fraud.I'm not the world's foremost expert on this, but I do believe that the new home must be your primary residence, including being your mailing address.Talk with your lender to be sure you understand the requirements.

Let's set up a phone call.