The local property will give you practical management experience.You might do better buying a REIT if you are planning to buy single properties far from home.

E&O insurance isn’t mandated but is a standard practice in the industry to protect against mistakes or oversights.

And while seller financing is a very common practice in business acquisition, the good deals are not being done with high levels of it.Particularly with smaller deals, and especially with a business like a laundromat, there are cash buyers out there.

(End)Unfortunately, HOAs are often ran by individuals who are not the most knowledgeable on regulations, accounting practices, and more - and property managers do not want to intervene for fear of losing the contract. 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Also have less short higher level overview video: VIDEO: STEP-BY-STEP GUIDE TO FLORIDA EVICTIONSJoin the conversation here to share experiences, ask questions, and explore best practices for managing Florida evictions effectively.

Based in Tampa, I have a lot of knowledge in Pinellas County rules and regulations as well as best practices/highest returns. 

It is always the battle between practicality vs aesthetics.

Dissolving the LLC and distributing the property to the former members as tenants in common and then selling is a relatively common practice in these situations. 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.