Let's not forget too, the your bunches of entities are also under capitalized, that held three properties and sold them off is all that was ever in the capital accounts, besides a few bucks for transactional expenses most likely.

He came out and was immediately amazed by the level water erosion that had damaged the foundation.

Roofing is "amateurish" and has some buckled shingles (no leaks)Not leaking fine , repair a few shingles , no big dealMissing flashing on roof & other areasAdd some flashing not expensiveMissing sealing on windows and doorsMinorRafters separated from adjoining rafters; purlins undersizedCould be a problem have a good contractor look at Attic needs more ventilationAdd a ridge vent and soffit vents not expensiveToilets need replacingEasyHouse is filthyNOW THIS IS A DEAL BREAKER RIGHT AWAY ( never buy a dirty house)Several smaller issues like water heater and washer/dryer not raised 18" off floorGood now you can rent to short people tooThe good news -- the foundation looks great. :)Personal observationsFlooring needs replacing ($1,000 -- will use vinyl plank/carpet)Walls need painting ($500)Dead tree in front yard needs removing ($300)Fence needs repair ($500)Hole in drywall needs repair ($300)

You need to think about your exit strategy now, too. The

I'd love to require more, because any hiccups and they are in trouble, but we like to keep them rented too. The

Well. he's wrong too, the CFPB has a phone line for reporting, reports can be made by anyone, your neighbor can report a violation.

I really like the podcasts, too. The

@Brandon Turner mentions this all the time re: partnering and I think it applies here too. The

But they are easy to screw up too. The

@George Nikolakakos let s say if I hire a licensed PM, and it turns out that the PM is totally incompetent and negligent in managing the property, I think the landlord is liable too. The