Thanks for taking the time to properly introduce yourself.I'd say you definitely have good resources with the two people you know, but even better, you're now a part of the BP community :) There's tens of thousands of members that are directly involved in real estate investing everyday helping each other.I noticed you were looking into properties of 4-10 units.

Make sure the mortgage company was properly notified in the tax suit.

Replace gutters and make sure all water drains properly away from the foundation. ($400-$1200)Another set of repairs that we don't do unless they are necessary:1.

Would a bank/credit union who we might borrow from just 'put a lien' (or whatever the proper term is) on the note?

When debt service is discussed properly it only refers to the principal and interest or interest only payments on the outstanding debt.

Bill Gulley Trees CAN be a depreciated under proper provisions.Depletion runs with deforestation projects and such.

Hello everyone,I'm going through the process of splitting out my rental business from my fix and flip/redevelop business and I want to set up these legal entities correctly and ensure proper insurance for them as well.

I apply to like exchange that amount into a strip shopping center on 5 acres of land costing 1,000,000.The Question is, if I follow all the proper rules and deadlines, would I be able to transfer the entire 100,000 (tax free) into the new property?

you can't get a traditional mortgage (30 year low interest, etc) in a LLC,,,only individuals qualify for conforming mortgages,,,you can have up to 10 mortgages including your own home,,so slowly add a house here and there until you get to the 10 limit,,if done properly you can build cash flow up that will be flowing in and increasing with time and more properties.After you hit the 10 limit you will need commercial financing,,thats when the LLC will be needed,,,others will say form an LLC and put your rentals in them now,,but by doing so you are losing out on locking in the low rates we have now

We can easily do that by using forms that have passed legal muster and by following the proper procedure for serving notice.