Or would you set up a parent LLC to hold all the individual LLCs in different states?

Please let me know if you find a good process So far, it has been setting up searches on LoopNet, Crexi, BizBuySell, and checking out Zillow with keywords like "Cabin, cabins, resort, resorts, multiple, venue, campground" That has helped me find some that I reach out to.

Also, juggling multiple rehabs often means building a core team of reliable contractors and setting firm project timelines.

@Preston Dean I personally like to make sure I have a set amount of reserves for each property to cover things, so if you have a pool of funds sitting aside personally I would just earmark a certain amount that you don't touch except for that property (or an emergency).

If you're dead set on BRRRR, focus on areas like Linden, Hilltop, and parts of the South Side - but make sure you really understand the micro-markets there.

The networking and local market insights are invaluable.For retirement planning, focus on building steady cash flow and consider setting aside a healthy maintenance fund (I usually recommend 6 months of expenses) to protect against any surprises.If you're looking to expand your portfolio, Columbus is a great market where we still see positive cash flowing deals with lots of appreciation potential.

@Alex SilangFirst I assume it’s a month to month lease as you cannot raise it if it’s a long term leaseFor me that is not something I would do, If you want to raise it to market rent then do it, don’t adjust rent because you had an unexpected cost.What if they turn around and walk?

I've setup an LLC with a separate series for each of my rental properties (2 so far) I would like to set up a separate checking account for each series of the LLC.  

I dont know the market in Las Craces.....but in the DC area, we definitely have a seasonal adjustment on sales, and if the property was here, it would have been listed at the worst possible time. 

Anybody have a nice profit and loss template set up on excel that lets you plug in your numbers each month?