Hi everyone,

I’m not sure exactly why I’m writing this — maybe to vent, maybe in hopes that someone out there understands — but I’m at the end of my rope as a small landlord in Philadelphia.

I own just one duple...

Paying back the BLOC, along with a mortgage, defeats the purpose because the payments would be higher than the rents. 

It's better to replace together, with the other neighbor, or it may defeat the purpose and have a seam down the middle.

This extra bonus depreciation will not help you if you run into these limitations known as PAL - passive activity loss limitations: https://www.biggerpockets.com/forums/51/topics/1121063-expla...There are two main ways to defeat these restrictions: either qualify for the Real Estate Professional Status (REPS) or qualify for the Short-term Rental (STR) loophole: https://www.biggerpockets.com/forums/51/topics/1122635-the-s...REPS and STR are not new, and you must actually qualify, it is not merely checking some box in your tax software.4.

You could probably figure it out yourself - however, the purpose of the LLC is to give you additional protection and if they are not set up correctly they are easy to pierce if you run into a legal situation - at which point you've defeated the entire purpose of the LLC in the first place.

Courts or lenders in your state might not honor the same protections or structure, which defeats the point.What most investors in NH and similar states do instead is one of these:Form a Holding Company LLC (like “Courtney Properties, LLC”), and then...Either put all properties under that one LLC (less protection, more simple), or...Form separate LLCs for each property (stronger protection, more paperwork and cost), and have them all owned by the holding company.As for naming — keep it simple, professional, and scalable.

So that defeats this entire thesis.  

Feeling very defeated from this being our first investment.

Feeling very defeated from this being our first investment.

@Ale Ayestarán anyone who can deliver such a punishing defeat to the All Blacks has my respect, lol.