If it’s break-even but you’re building equity, appreciation, and tax benefits while living in it, that’s not a bad starter play.Since the house already fits your family’s needs and only needs light sweat equity, one option is exactly what you mentioned: buy it, live there for 2 years (which gives you some tax perks on resale if you decide to sell), and then evaluate.

You don’t get extra tax breaks just by having the LLC.Liability Protection: The main advantage of an LLC is asset protection.

You can be upfront about the him/her breaking a door, but owned it and offered to pay. 

Tax planning is one of those things that can make or break returns, but it’s so often overlooked until year-end.

Yeah but, I can use my own guys when something breaks right.......if so why have a PM.How many times have you gone to view a property managed by a PM and it is in SHEEETY Condtion and even the PM hasn't been in the property in years.  

soils matter and can make or break a deal but you can always pivot to a secondary exit strategy Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

You get tax breaks and keep things simple.

I do not think its the mortgage that makes or breaks the investment but the location, tenants and how the property is managed that is what drives results

My personal mission is to break financial generational curses in my family while also giving back by helping fellow Veterans in my community.If you’re open to networking, sharing knowledge, or collaborating, I’d love to connect!

I agree, due diligence can make or break a deal, especially on NPNs where the workout options can vary so much.Curious  when you started out, did you focus more on performing notes first to build systems, or did you jump straight into NPNs?