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.

It is easier to drive through some neighborhoods an show someone than it is to describe. 

That way when you graduate you can hit the ground running and feel good about your choice.

All rents and expenses go through these accounts and it makes it easier at tax time.

In order to make payment easier, I am considering giving the bank account number so that deposits can be made directly.

You might also confront them about the person they moved in, but the easier issue to get them out on would be smoking.

One advantage of vinyl planks over tile is if your buyer isnt crazy about your choice the removal is a piece of cake vs tile.