The longer you do it the easier it gets.

@Brandon Hall correct me if I'm wrong, but for the 2018 and beyond tax years, the LLC now does make a difference, as it could be subject to additional pass through taxation reduction- as well as needing to make a choice on how the deduct mortgage interest.

Would this property be a worth while investment on a first go or would you suggest going with a easier property?

PS, basing your choice of lenders purely off the quoted rate doesn't tell you anything about their performance.

If they leave it will be much easier to find a replacement tenant.4.

I've been analyzing SFRs for a little while and it seems easier to find potential flips, than buy-&-hold rentals.

Note investing is easier to do remotely vs conventional real estate.

a salary before taking any money out- Self employment tax is not due, as the only income of the LLC will be rental income- If the LLC shows a loss in the first year it will be easier to carry this over to the next year if not taxed as S corpThankful for any advice!

It is a lot easier than I thought, but unfortunately the lot I was looking at was about 500 sq ft too small to divide 3 ways and dividing it into 2 didn't make as much sense.

At the end of the day I got tired of jumping through all their legal hoops just to get MLS access, so I decided dropping the license was my best choice for my business.