Cody Barrett

We allow small dogs that don't violate city breed ordinances. We will be selective with new tenants and their dogs, somebody with a brand new puppy doesn't appeal to us as somebody with a 3 year old dog. There will be additional pet security deposits, a pet addendum and additional pet rent. But cats? NO, never, no exceptions.

One popular question on BP is the question of "should I file for a LLC" or "Do I need one?" I definitely do not have that answer because everyones intentions, needs, and goals are different. But... I decided to file for one because of what I plan on doing with real estate. I think a lot of that decision goes into what you want out of this business and what your lawyer recommends.

I am already living in my my own home that I purchased about three months ago and finished the renovations in it. I have found a property that I am positive I can cashflow $7-750 a month. The issue is that I don't have 20% to put down on the property. I have heard that I could make the property my second home and main residence and then just rent the one I am in but I was under the impression that I would have to live in it for a year.