The house is a 1960's era split level with 3 beds and 2 full baths, however there was no existing master bedroom.  

Another way to save a ton of money is to reuse existing foundation therefore saving $14,000 in demo costs and foundation rebuild costs and permitting etc.

I heard piggyback loan is no longer existing legally...Not sure about the promissory note option either..Please advise.Thanks,Terry

We invested all of my income into 2 pure rentals before we were transferred again.We use our transient military career to invest in personals because they have 1) cheaper down payment 2) Lower interest ratesWe live off of one income (my husband's) using mine when it exists (it can take awhile for me to re-establish myself in a new area) into  pure rentals.Because of our transient life style causing home to be "relevant" to the current set of orders.

We invested all of my income into 2 pure rentals before we were transferred again.We use our transient military career to invest in personals because they have 1) cheaper down payment 2) Lower interest ratesWe live off of one income (my husband's) using mine when it exists (it can take awhile for me to re-establish myself in a new area) into pure rentals.Because of our transient life style causing home to be "relevant" to the current set of orders.

If the LLC is treated as a sole proprietorship/disregarded entity, then the mortgage interest is claimed on your personal tax return in exactly the same way it would be if the LLC did not exist.  

Before closing, the existing member(s) of the LLC sells the LLC for $5k (at this point, the only thing the LLC owns is the right to buy the LLC for the agreed upon price), then the LLC closes on the house for $50k.  

Rents are through the roof and so is competition but the opportunity still exists.

I'm so glad it exist. =)

Ideally you could create a pool to begin with (maybe even just use the existing pool of tenants) and compare against that for each new vacancy, rather than comparing against the new sample.Also...it is probably too complicated for most people to actually emulate.