A seller cannot “cancel” a contract that has been prepared properly unless the buyer breaches its terms.

This is because they didn’t budget properly and rent wasn’t high enough to cover actual expenses (repairs and maintenance, cap ex, vacancy and loss, tenant damage and turnovers, etc don’t expect to have any money left over after all of these expenses are accounted for if the rent is less than $1,500/month). 

Hey Becky,When you sell the property, the LLC will still technically own the property until it is formally restructured, so you will need to amend the LLC’s operating agreement and update its ownership structure to reflect the change, ensuring the absent partner’s interests are properly dissolved, and taxes are handled accordingly.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

I would however recommend elevating anything placed in a non-elevated utility room to ensure damage is unlikely in future storms.

The platform will offer features such as estimated ROI and cash flow on properties displayed on a map, similar to Zillow, but specifically tailored for investors looking for their next deal.My initial thoughts on the MVP are to focus on the core features listed above for investment properties, but I’d love your feedback to ensure the platform truly solves the challenges investors face.

Well if Proper won't insure it, many others won't as well.

You need to know your state laws and brokerage requirements so that you don't get into doing any brokerage activities unless you have the proper license.

I think I'll pass on this company.Hire people and ensure that they are successful.

This setup ensures that I stay in compliance with California’s FTB requirements.