If you have an interest in real estate try and see if there's something to get into to help accelerate paying it off. 

Buildings selling for example $300,000 which need $150,000 of work but the ARV is only $420,000.

I see flippers all the time that spend more than they thought, take longer than they anticipated, and sell for less than they hoped for.

For example, some Ithaca mailing addresses are actually under the jurisdiction of Newfield or Dryden. 

Am with @Nathan G on this one.I currently have the following clause in my leases.Please check with your attorney to see if it will work in your state, but I also will not waste time with an attorney, but then again, my leases contain this clause, so tenants are made aware of my intent should they decide to abandon the place.Good luck PS. 

I see so many articles about the protective benefits of doing this, but my lender (and other lenders I've asked) say that residential mortgages cannot be held under LLCs (only commercial mortgages can), and that doing so can cause your entire loan to be called at once under penalty of foreclosure. 

Rehab in progress…excited to see the finished project and what rents it can pull in! 

You just need to know the right lenders.I know several and would be happy to see if they are right for you and your parents.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

For example, the minimum lot size for a 12-unit building under the proposed zoning is just 9,000 square feet."