So unless you need extensive work to floor plan, which changes load bearing walls, etc, then I would say, the renovation will likely be slightly more cost effective, still put you closer in rent to new construction, and provide a low maintenance property for years, given everything will be new eitherway.

This property was successfully sold for $27,000 in just a few weeks, demonstrating the effectiveness of a well-executed micro-flip.

This not only eliminates dependency on third-party property managers, but also provides greater control over operations and assures continuous quality management.While the best threshold for in-house management is between 80 and 100 units, I recommend that investors focus on properties within this range for effective operations.

He also charged a $300 nonrefundable pet fee for "inspect[ing] the unit and to take action, if need be, by revoking the lease if the pets have been a nuisance or has not been maintained."

I’d love to hear insights on how to navigate these challenges effectively.

He also charged a $300 nonrefundable pet fee for "inspect[ing] the unit and to take action, if need be, by revoking the lease if the pets have been a nuisance or has not been maintained."

.🚫 “Common enterprise” concerns – If a single management LLC collects rent, signs leases, and maintains properties for all series, a court could argue there’s a shared enterprise, which might allow a plaintiff to target all series under one lawsuit.Better Alternative for Asset ProtectionA stronger structure that provides better legal separation and lawsuit protection is:1️⃣ Each property in a separate traditional LLC – This ensures clear separation and prevents legal issues with the Series LLC’s untested structure.2️⃣ Asset Management Limited Partnership (AMLP) – The LLCs should be owned by an AMLP, which acts as a liability firewall against creditors and judgments.3️⃣ A Bridge Trust® for maximum protection – If a major lawsuit occurs, the AMLP can be held by a Bridge Trust®, allowing assets to move offshore if needed.4️⃣ An operating LLC to handle management – Keeping rent collection and property management separate from ownership limits liability exposure.Why This Works Better:✔ Legally tested – Traditional LLCs have clear case law backing their liability protections.✔ No “common enterprise” risk – Since the AMLP, LLCs, and operating entity are legally distinct, it’s harder for a court to collapse them into one entity.✔ Protection beyond LLCs – If a major lawsuit occurs, the Bridge Trust® moves ownership offshore, making it extremely difficult for creditors to seize assets.Final Takeaway:A Series LLC has too many uncertainties for serious asset protection.

As you may know, effective January 1, 2025, the Section 8 voucher payment standards (VPS) in many zip codes in the City (and County) of Los Angeles were reduced.

My gut tells me that Texas, particularly Austin and Houston, could be where the next wave of growth and expansion occurs, mainly driven by strong business and job creation trends.Here’s what I’m looking for in my US investments:Free-standing houses with a good land component, at least 3 bedrooms and 2 bathrooms, and in well-maintained condition.Budget : Will have to keep a factor of safety for the current exchange rates of AUD.USD = 0.68 so will cap our budget at 250K- 300K.Yielding over 6%, with a slight cash flow positive outcome, while also offering medium-term capital appreciation potential.Holding for at least 5 years or more, with a view towards steady growth.The long-term goal is financial independence, reducing reliance on salary-based income, and building assets during this accumulation phase.Debt reduction is on the horizon—looking to consolidate and start winding down debt within the next 7 years.If anyone has experience investing in the Texas real estate market or any tips on navigating US property investments, feel free to share your thoughts! 

Start by formalizing the transition—create a lease agreement and maintain detailed records of rental income and expenses.