Not saying this the right approach for everyone but this is what has worked for me.

I'll use it for sure to set up the LLC  :)You're right about the annual fees, etc. and I think TN is the best place to set this up

As of right now I am just working locally.

The previous Tenant left the place dirty, and several rooms need new paint.

That's just my opinion, some will say with the right deal go get that 100 unit deal

I would try not to tie up any of the principal in down payments.Personally, I had a family member do this same thing, but they used an investment portfolio as the collateral instead of real estate.If you play your cards right, this might be the only short-term money you ever need.Please let us know what you end up doing.

To learn about CRE the best place right now to get a general sense of the business is something like chatGPT.

I guess I'd like an option like that though instead of "Reject".Right now, they're just "Pending" in limbo.I'd be curious to hear others processes for handling this in PM software, even if you don't use RentRedi.I've tried to explain the situation to RentRedi support many times and they're making me want to pull out what hair I still have.Thanks in advance,Brandon

I truely believe that you shouldn't keeping waiting for the "right time to invest" the sooner you invest the sooner youll be able to reap the long term rewards.

Bought it for $300,000, it appraised for $375,000, and the gross rent is $2,625.My lender only lets me pull out 80% of the purchase price right now. $240,000.