Then, take additional distributions quarterly if the business is profitable.

My advice would be to partner with someone who has additional funds so you can buy something that is of quality. $8k won't get you anything in a class B or A market with 20% down or even 10% down. keep going though!

Creating a catalogue of info and answers for the general benefit of those in the future in addition to the poster.

In addition, the PM is running a business and insurance (GL and WC) costs money. 

okay @Brandon Battle Could I just add it to the contract as a contingency clause to get permits for basement bathroom?

I will investigate TCS to see if I can add it to my funding arsenal.

I do not see that home prices have dropped 2-3% and this is a lot of added savings in additional to a downpayment if so. 

Preparation is key, and relationships are everything.When closing a property deal, the funds typically required include a purchase deposit, which is refundable during the due diligence period, and an additional nonrefundable extension deposit.

.- You can buy additional properties and DIY manage those, perhaps leaning on the PMC for any issues you're not sure how to handle on your own.Good luck:)

However, because the Department of the Treasury recognizes that reporting companies may need additional time to comply given the period when the preliminary injunction had been in effect, we have extended the reporting deadline as follows:Reporting companies that were created or registered prior to January 1, 2024 have until January 13, 2025 to file their initial beneficial ownership information reports with FinCEN.