Holding a license requires fees.  

The only reason I got an LLC was to buy a commercial property because it was a requirement of the lender.

I’m Johnny, and I totally get the excitement of connecting with like-minded folks.

Always love connecting with like minded RE folks. 

So, I also require that :Monthly Rent + Monthly Debt Payments <= Gross MONTHLY Rent * 45%This is similar to how mortgage qualifications work by considering the applicants' debt loan along with their housing cost in relation to their income.

Regarding the payout inefficiencies, I remember the nightmare that some folks were experiencing with state unemployment benefits during Covid.

Acid washing when required is $500.

Just want to make sure the folks running this are not buying helicopters and jet planes with our investment.Comments welcome.   

Hey Deirdre,To address your questions:Providing freedom by handling day-to-day operations.Offering peace of mind through proactive maintenance and tenant communication.Reducing risks by staying ahead of legal requirements, tenant screening, and dispute resolution.Enhancing the bottom line by identifying cost-saving opportunities while ensuring tenant satisfaction to reduce turnover.Is the experience still important when the property thrives financially?

This loan doesn't require any certain length of ownership seasoning or equity.