to see some of the core beliefs of BiggerPockets.

I just want to get other peoples opinions of using a family trust to hold ownership of all LLC's versus us using our names and being equal partners?

I have an applicant who looks like they could be a good renter, but has a few negatives (already discussed in the thread linked to below) and so I've decided to approve them, asking for first + last month's rent in addition to a security deposit equal to one month's rent.

So we're both equal owners.

@Vlad_Selsky All else being equal equal, your cash flow swing of 3,492 is largely the result of lower debt service because of the smaller mortgage when you use some of your own funds instead of 100% financing.I am usually skeptical of no-money-down deals because the financing terms are typically less favorable compared to conventional financing.

We are just starting out.We bought a rental house, a 3-family multi, in July 2012.Upon suggestion and explanation (which may not have been entirely accurate) we formed an LLC for the purchase, and to hold the property.We are both equal holders of the LLC.It was set up as a "pass-through" LLC, as the attorney explained it.Rental income is 2300 monthly total.

I'd say you certainly do, at some point and the earlier the better IMO.The purpose of disclosure is to inform the public of your professional expertise, looking at the definition of market value, as you know, when the buyer and seller having similar or equal knowledge, (the capacity to negotiate being somewhat equal).

I can't just divide the multi into equal parts and sell or leverage part of it easier than SFR.

I do not intend on speculating on appreciation, my belief is that housing is creeping up in my area but I doubt it will significantly appreciate for years due to rising interest rates etc...

No spitting on public streets You can't do 35 in a 25 zone.It is not equal to trafficking drugs in from Mexico, LOL!