Have decided to dip my toes in the water in the form of "turn key" for a buy and hold for now.Wanted to get ideas and learn on how people go about selecting the area to invest in.

I know people look at various depreciation as a benefit to RE. 

I think some of the keys to our growth was the initial cash, a plan to grow not just play catch up as we grow, and willingness to bring on new partners as we grow.

I knew how that would go, so I told him "Let's have a sale right now and I will buy everything in the house for $x and you give me the keys."

Are you trying to get rid of the tenants, did you give them keys?

Take for example the following:Rental Property that is for sale near where I live:$80,000 property that doesn't need any repairs (essentially turn-key that I will self-manage) - $900 rent $16,000 down with $2,000 closing costs - Total All-In: $18,000Assuming 5% vacancy, $1,000 in taxes, $800 for insurance, 5% for maintenance, and a buffer of $200 a month, I would cash flow roughly $3,300 a year.https://www.calculator.net/rental-property-calcula...I've been around this forum to know that people will say things like 'well your vacancy/taxes/capex is way too low.'

Hi,I am wondering if there is any benefit to doing this, for tax implication.From my soon to be refi, I will have $40,000.

Landlord shall provide a key to the Tenant for the Premises and Landlord shall keep a duplicate key for access.

(Limited liability company) Seems like there is a lot of benefits to doing so.

Is that an acronym I'm not familiar with, or did you just hit the wrong keys while typing Reno?