Just to mention a couple, we have extensive contacts and resources there and unlike what was mentioned by other posters we have vast experience in investing there.

Extensive repairs for your first deal probably isn't the best move.

I would read those religiously as @Ken Rishel and Bill Gulley have posted extensively on the regulations and they are the go-to for that information.

Though it was built in 1963, it's had extensive rehab work done in the amount of $22,500.

One (trust) provides privacy and the ability to be creative not to mention the ability to conduct business in a much smoother fashion and the other (LLC) provides the protection.A trust can be combined w/an LLC by the trustor/investor first conveying the property into an LLC, followed by a transfer from the LLC into the trust.

I don't own the property but caused damage to someone else (owner) and I can be legally held responsible (according to lease).In short: I do not have insurance on dwelling since I do not own the property but if a tree falls on a building, would my extensive liability insurance cover me from the landlord's claim since it is spelled out in the lease?

You've already had two extensions."

I explained that those costs were his to bear because he decided, against my direct instructions, to conduct this work.I'm glad I was quick to heed J.

I've bought 2 homes that had the beginnings of these issues, but once I put gutter extensions on and fixed the grading around the house there has been no issues at all and the repair work looks fine with no new cracks appearing or worsening.

The list is quite extensive and i know there is a lot i can do with it, but i wanted to get some other ideas on how to go about it.Thanks all...