@Richard L Buchanan what is the point of your post if you're not going to share something we can help you with?

Consider forming an LLC for liability protection or an S-Corp for tax efficiency if flipping frequently.This post does not create a CPA-Client relationship.

@Julia Lyrberg First I want to thank you for taking the time out of your day to reply to my post, it means a lot!

The last post on this topic I see is from about seven years ago... so figured I would start fresh. 

Okay, bring on the angry posts from all teaser-victims [wait, I said I empathize….]Best of luckBob

This puts the current market rents of $885–$925 per unit well within the affordable range, with room for modest increases post-renovation.I’ve also reviewed competing properties in the area; apartments seem to be listed between 975 -1000, and houses are listed between 1300-1900.

On the repairs - I re-read your original post, and you did seem to mention that you have a property manager - is that accurate? 

Depending on how that conversation goes, post a 3 day for nonpayment. 

The issues can be local so look for someone in your area who is posting and try to contact.   

@William Fishergreat question thanks for posting, I was just looking around for posts that were related to this.