The inverse of that is bad debt with high interest rates on declining assets that cost money but give nothing back keeps from creating positive wealth over time.There are those who pay the money and those who lend the money.

The purpose of the LLC is protection of personal assets, but I don't think it really would as it is currently being used.

Just came across their website when looking for an attorney in the area who specializes in entity formation and asset protection plans.

This business cycles no matter what asset class you are in.

When I put these large deals I form single purpose LLC's  - the SPE holds title to the asset and my investors get their ownership in the deal by purchasing units of the LLC.

I have no interest, nor see the need, in revealing every penny of asset and liability I have for a potential loan with I the rate and origination fee I am paying-unless I totally misunderstand the way HML;s work.

You need to calculate your "event horizon" meaning how many years you will hold the property.The 50% expense many use comes from over time when an asset is newly built or recently rehabbed with everything replaced that cost will be low.

I'm still relatively new to the industry and it'd be dangerous for me to significantly leverage.The other big reason is that this will be done on my parents behalf; the current property we own is providing awful return and the capital is better utilized in assets with much higher return and greater potential, hence the 1031.

I'm 19 years old and want to have a jump start on my career and it begins with which asserts are best to acquire at the age that I am now ?

A SFH may appreciate much higher because an owner occupant may be willing to pay a much higher price based on the desire to live in that house in that area down the road and with a Multi Family your increased property value is capped by the standard rtn that type of asset may be getting at that time in that area.