The reason people do sub2 is to get around this requirement and not notify the lender they are transferring the asset.

The happiest day of my investing career was when I transferred ownership to all those houses in one transaction and to never ever go there again with that asset class.But thats me.. section 8 can work but its not as passive as folks claim.

You can make checking accounts for the deposits but I prefer Savings accounts because it produces more interest that the landlord can keep here in NC ;)

On the other hand, if you ever had a spouse or ex-spouse who was hiding assets in LLCs you might understand the need for more transparency in these transactions.

These are people that are property managers not asset managers.

Whether or not you hire a PM or continue to self-manage, I think this comes down to your preference.

I’ve mentioned it to people at work and some friends who are moving to the city, but my place is either too far for them, or they prefer their own space.

I actually prefer some of these search and map features over the MLS.And those that think they can save $$ on commissions will be disappointed.

That gives an investor a real asset to collateralize and it gives them incentive to not let the buildings dilapidate at the end of the lease.

Here are some thoughts on effectively managing these relationships to ensure all three stakeholders feel valued and respected.Stewardship of Owner FundsProperty owners entrust PMs with one of their most valuable assets, and being good stewards of their funds is paramount.