If they can provide it and there are no other glowing red flags, sometimes it is worth giving them the chance.I have had applicants whose credit is bad due to medical bills resulting from an unexpected disease, surgery or hospital stay.

You never want to be in a general partnership because it means that you are liable for anything that your partner does.If your partner gets into a car accident while driving towards your deal, you can be sued personally. 

@Nidhi SinghMy risk tolerance level would say, yes, get some experience before doing that.Things inevitably go unexpected and what do new people often do when things go unexpectedly? 

I am now 61 years old and a few years ago I had an unexpected brain annuerism and a stroke. 

LLC’s typically protect you, hopefully from accidents and lawsuits, not from the debts the LLC incurs.

I accidently wrote breaker box in the title but I meant to say meter.

And possibly lose money if I get an unexpected maintenance issue costing more than $600.00Thanks in advance for your comments and thoughts.Best,Cy      

It provides more of a cusion for unexpected issues that come up.

(Would sleep up to 20 between the 4 houses)However, we ended up putting too much money into the properties with unexpected electrical, plumbing and roofing needs.

You need cash to handle emergencies (car accident, job loss, etc).