Also, the idea separating them is so you don't accidentally spend them and then no way to pay it back when the time comes.Some states if you don't refund the security deposit within X amount of days, the penality is that you will have to pay back the security deposit x2. 

After spending 25 years as a Software Engineering and Product leader, I’m now exploring the world of real estate investing (REI) and looking forward to learning from all of you.My goal is to leverage my current investments and savings to build a real estate portfolio that will eventually allow me to transition away from my current career.

I cannot assist w/ the acquisition of the property but do have an FHA product that is specific for home improvements.

I mean, obvious right, people can only spend what they have. 

If possible, you may want to learn in a place where you don't need to spend $750k on a fixer. 

Was last year abnormal or you think the normMy guess is you will spend a lot more than $200k on an attorney with benefits etc. but if it cuts down in expenses it definitely is something I would consider and even if it costs a little more, having control with having someone in house does reduce unknown costs and risks. 

If I'm spending 500k... my profit should be higher? 

It appears he is on a course of actions that will not change.The pyramid scheme became obvious when the underlings started to reign down in the forums here, as many mentioned, where no one looks too kindly on SubTo, not knowing what they were walking into and not caring because they were looking for the "hungry" bros who would spend the $8,800 to get into the community and "share" deals.

My primary business is owning a wealth management company, and is where I enjoy spending my time.

The landlord should be named on the tenant's insurance policy for additional protection and to assist with tracking compliance.