If there are no such rules in your area, I still recommend a separate escrow account for each tenant's security deposit; there are some banks that have "master" escrow accounts that allow for each tenant to be a "sub-account" under the master - this is also a good way (maybe even better if you scale up in size).

Have you purchased your first property or are looking to purchase your first property?

Keeping the structure the same for the purchase and the refinance is not a problem from a lending perspective unless one of you will actually hurt the qualifications of the loan. 4.

I purchased 2 duplexes in Morningside, Wayne County, #Detroit, Michigan (zip code 48224) February 2024.I am also an #Out of state investor.Both are currently going through repairs and updates necessary for the city of Detroit to give me the Certificate of Compliance for rental units.

Hello,We recently purchased a rental property and created a domestic limited liability LLC (two members - my spouse and I).

What is the average cost for purchase, installation, and the associated app?

I live in Atlanta and am looking at purchasing my first rental property.

@Becca PariserI don't invest in TX or know much about the SA market but... this is not a deal at that purchase price.  

The numbers I’m using are purchase at 175k, 20% down, 8%, for 30 years.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.