Purchasing Residential property for Investment Questions

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Posted by Ed Allstun on December 16, 1998 at 13:57:53:

I am looking for a property to purchase, rehab and rent out. A couple of questions:

1.) I own a corporation for another business. Should I have the corporation purchase investment property or should I keep the ownership in my personal name?

2.) Do Investment properties adjust basis to the current value at the death of the owner? (Like a personal residence does.)

3.) I am curious regarding the renting experience. Am I better off trying to find renters myself or use a property manager? What would a typical property manager's fees be like? (I am in the midwest.)

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