For scaling, you could look at strategies such as  joint ventures with local partners who can handle on-the-ground management.

If you modify the lease to add this other person, everyone should know they are both jointly and severably liable.

Hey Donald,You’re asking a really good question — and honestly, it’s a bit of a tricky one because how your sisters’ basis is treated depends on exactly how ownership was structured on the deed before your parents passed.Here’s the key thing: if your sisters were joint owners with your parents before their passing (meaning they were listed on the deed as co-owners, not just beneficiaries), then their tax basis in their portion of the property likely dates back to when the home was first purchased — not the stepped-up value at death.

You’ll file one joint return, but S-corp expenses don’t get “added” on Schedule A, they must be deducted inside the S-corp and flow through on the K-1. 

Understanding your goals can really help guide your decision on whether to start small or go big.If you're starting with limited cash resources, perhaps considering partnerships or joint ventures might be a beneficial route.

I would continue to rent it. and may be refinance it into a better rate, even though u have to pay 15 k prepayment... 

thank you If the property was purchased in your name, and you transfer it with no consideration toa LLC, a good attorney would pierce that veil like warm butter since the LLC and yourself are not acting separately but jointly since you gave your LLC a property for no consideration. 

That 15.7% on our net note equity, but 22.7% on the “forgone” capital.About $6500 monthly is in cash, another $2000 is amortization of the u dearly I g note.It’s now two years later.

This is the book I wish I'd read when I started...and I think it should be required reading for every beginner and pro.It's called "Investing in Real Estate Private Equity: An Insider’s Guide to Real Estate Partnerships, Funds, Joint Ventures & Crowdfunding".

how do i get hold of a local PM, u are referring to put it for rental right ?