A common setup is to hold your rental properties in an LLC for liability and organizational purposes, then have a family trust own that LLC so the assets and income can easily transfer to your kids later without probate and with more control over taxes.

Back in 2010 banks wanted to get rid of their REO before the end of the year, later it was short sales, today it's just regular sellers that are seeing the leaves turn, we may get the first night frost this weekend, showings are slowing down more and more every week - seller anxietly is growing.If you look at the chart you can see an over 10% swing betweeen highs and lows.

The only time you may capitalize these costs is if you later purchase a property within the same geographical area. 

Why would any investor every purchase a tax lien if any 3rd party can just wipe them out by purchasing the same lien without any of the accrued interest or fees 3-years later?

Those will not be that accurate but it is nice to anchor to a number and then refine later.

I later updated my Google review to make it clear: I’m not here for arguments — your explanation doesn’t change the facts. 

I think I'd find a suitable long term rental that I can later turn into a short term once I knew the area better.

This seemed like a good deal in good area for first one under my belt, but it took capital and was something of a lateral play. 

Hi @Jade Frank if your long term plan is to eventually buy something then I would do that sooner rather than later.

It’s one of those things that doesn’t seem important until it costs you later.