Hello from Berlin,I've been a member for a while but havn't updated post.I can connect with other Multi-Faimly owners to ask questions etc...

That's what I did on one of my first purchases.Bought a fixer-upper that needed a LOT of updating, with 5% down.- Updated a lot of the house to increase the value while living in it.- Then got roommates to cover part of the mortgage.- The increased value allowed me to refinance the mortgage to get rid of PMI, lowering my mortgage payment AND pull some (not all) of my investment out.- Eventually moved out and rented it out LTR.If you find a serious fixer-upper that isn't even in livable condition, you can use and FHA 203(k) or FNMA Homepath mortgage to include rehab cost in the purchase mortgage.- Bonus: since not in livable condition, most buyers can't purchase it!

When that happens, they may require you to update the registration or go through the process again under the LLC.

Then a month goes by attempting to contact the EA to get progress updates but never able to reach them. 

This thread has 8 replies and not one person mentioned the Illinois transfer tax trap, the depreciation reset risk, or the insurance gap that could leave Milo completely exposed between the deed recording and the policy update.

More recently I received a status update that solidified that the path is likely a total loss. 

Thanks for sharing the Houston update.

I am needing to ask since one of my guys gave me a false SSN and I received an IRS notice stating that I need to update the accurate SSN for the contractor.  

Got new update, nothing encouraging.

It is easy to see the updated vs "original" units, tired vs fresh, you need to account for the REAL conditions of your units.2.