I would never own rental properties in my personal name.

What are the odds of a vehicle accident resulting in a settlement greater than vehicle liability will cover?

My wife and I have overhauled our personal budget to reflect the 'pay yourself first' approach (allocate in order: income comes in -> invest -> donate -> fixed expenses -> variable expenses -> fun $$).We are looking to see what experienced people generally recommend for a holding tank for that 'invest' allocation while we target our first real estate deal.What financial vehicles have you guys used that works well for this?

Is your $15k even enough of an emergency fund for you personally?  

I use a schedule E and do not have an LLC or business name, so can I purchase the vehicle under my personal name and take section 179?

Personally, I love working with distressed properties, especially foreclosures.

It's like the person who goes and buys a bigger tv because it's 40% off when you had a perfectly working tv.

To throw a wrench into things, if we were talking about real property/structures that were being short term rented, it's possible/likely that your depreciation period would be 39 years, not 27.5.However, a vehicle - which is what an RV is, regardless of how you're using it - is 5 year property.

I am sure he has come across this plenty of times.Hey Jonathan, I appreciate the vote of confidence, but I've only ever bought and sold trailers that come with the land, so I'm probably not the best person to ask.

These companies don't want people to buy the vehicle just to resell it and make a quick buck, so they don't allow transfers right away.