However, you may want to speak with an attorney regardless.From a tax perspective, wholesaling generates ordinary income and you may benefit by having an S-corp setup.Reach out to your CPA for more guidance.Best of luck!

Over the past year or so, we have been using GoSection8.com (now AffordableHousing.com) as a source for estimating rental values for units that we were opening to subsidized housing customers.

I hope to own a MultiFamily home where we can live and also generate $.

I understand it’s much easier to buy a 6 unit building than it is to buy 6 houses, but just having more doors doesn’t seem to generate the same amount of cashflow.

The top floor, with access to the garage will generate $2,600/m + utilities and the suite will generate $1,600 + utilities.$4,200 total income-$500/ property tax-$200/m insurance-$150/m maintenance-$100/m city utilities (water/sewer)-$210/m 5% vacancy (even 5% is overkill)-$2,500/m mortgage ($700k @ 2%)=$540/m cashflow - Even if you wanted to have a property manager at 10% the property would still be cashflow positive.This property only generates 0.47% of the purchase price per month (nowhere near the 1% rule) but still cashflows. 

Their site is buggy and their app is junk but their customer service is a billion times better.

I raised rates and generated more income which naturally was great!

Either way it’s nice generating income from your home.

When I do my books at the end of every month I go through my bank statements one line at a time and as I enter each transaction my computer automatically generates an X-NUMBER.

Hello Eugene,We use NREIG (https://nreig.com/) for insuring investment properties in LLCs, their coverage is tailored to the needs of investors and their customer service has been good in my experience