My unfair advantage is that real estate is my job I have made a few different businesses out of it.

@Ryan DeRobertis Curious to know if you made it down to PR and what you may have learned since this was originally posted.

Purchase price: $214,000 Cash invested: $180,000 Sale price: $550,000 Old VFW building What made you interested in investing in this type of deal?

I actually took a look at your profile and made some tweaks to mine. 

What you have is noise...the tenant elected to stay in the property during the repairs which you made promptly.

Most of the time, people who have never even made an offer end up with 2-3 submitted LOIs in the first 1-2 weeks, and we celebrate small victories like that to build momentum and confidence. 

I made the mistake of renting my single-family house in Alpharetta to a tenant with a credit score in the 500s in December 2023.

@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.

Then you can rent it after repairs are made, refinance, pull money out and do it again in the same market or similar.To Your Success!

I'm not sure we could have made it any easier!