You may be profitable, but I'd prefer to avoid the possibility of having to do unnecessary repairs or not holding my tenants accountable for damage when I know their actions might have caused any unforeseen damage. 

This group of 10 individuals has, through direct investment with us, and referrals accounted for over $65 million in invested cash in our syndications.  

Make sure we're accounting for the appreciation, cost of the sale, cost of the purchase and one of my favorite factors, the risk.

It's a good way to marry rehabbing distressed real estate equity capture with long term note income for retirement accounts for those that are interested.

In addition to that, though, there's several other LTR markets that offer pretty decent returns (6-8% ROI with $250+ cash flow per door is possible) for what you typically see in Florida, without accounting for appreciation

In most states all you need is a separate account in a bank in that state.

I love where you mind is at and how organized your post/plan is.

Quote from @Account Closed: I would say.. can you save the tub and re-glaze and redo the tile on the wall can save you $1,000 or more just on materials and labor..

Per NJ law, must I include account number in the lease?

The PadSplit platform should be used as a resource/tool but please engage with the people in the organization.