I've always traded in the stock market but I was always looking for something more sustainable and passive.

The property is recently renovated.Purchase Price: $165,000Financing: Conventional, 3% downOther up front costs: $1k repairs, $3k in furniture, $500 supplies, and $2,000 closing costs.

With 4 beds I was going to rent each bedroom and common furniture would most likely be mine that I currently have.

We were able to negotiate all the furniture to stay with the house.

Purpose of doing this is to reduce the tax basis of the LLC by deducting the below expenses -House depreciation(over 27.5 years) -Mortgage Interest -HOA Due($325) -RE Taxes($200) -Furniture Depreciation -Appliances depreciation/repairs -Landscaping -Insurance Expenses -Utility Bills(water,electricity,cable & internet)-Any home related mntnce expenses such as roof, windows This will bring down my current LLC income down a lot.

The question is typically raised if the home is being sold in the name of a trust or if the property is being sold by several owners with different last names and the property is extremely dated with dated furniture (like an elderly person has lived there). 

Buyers are flocking to affordability, increasing home prices, and sustaining a competitive market.

I am not seeing a lot to suggest that the industry will be sustained or replaced with something new in the next 10-15 years.

By the time the whole process was done we had bought a few homerun deals that more than made up for this loss.Lessons learned: AVMs can be waaaaay off, elderly people with fixed income don't make great borrowers, legal system is expensive and judges do whatever they want (what are you gonna do, appeal and spend thousands upon thousands.. we're not BoA able to sustain litigation for years)

The quote to get rid of rubbish, carpet included that has been left at the property and to give it a clean (lots of stuff in other rooms and the basement including fridges, rubbish, beds, furniture etc) is $2600.