I am in PA and my properties are owned by my LLC and I handle my own evictions.

Purchase price: $122,000 Cash invested: $31,000 *UK HOUSE* Purchased a 3 Bd 2 Bth Town House / Semi Detached from sellers who inherited the property, worked a very good purchase price.

We also chose the wrong property management company who promised they could turn SECT 8 units easily.

Born and raised in BC but thinking of investing out of province for my first investment rental property.

As for title, you need to 1031 exchange under the same name as the relinquished property.

Was the property in service in the prior year? 

Purchase price: $122,000 Cash invested: $31,000 *UK HOUSE* Purchased a 3 Bed 2 Bathroom Town House Style House in the UK from sellers who inherited the property, worked a very good purchase price in terms of value.

@Stepan Fedetskiy section 8 can be good option if you have a good PM who maintains the property in good shape all the time as per the needed standards. best part is govt pays a portion of the rents so you dont have to chase tenants, downside the upkeep of the unit will eat up appx 20%. so its little tricky..sounds good on paper but when you go through one you will get an idea. i had 4-5 section 8's , 3 of them had no issues, but 1 of them had lot of issues and ate up all the profits.  

When the transaction closes, the purchase is funded, and we set aside additional funds in an escrow account to pay predetermined professionals to make any required or desired repairs or upgrades to a property AFTER the buyers settle on the purchase transaction.

Hi Callie, Have you considered hiring a property management company?