But guess what, being an investor involves risk.

-Calum Hey Calum, Yes, you can convert a multimember LLC to a single-member LLC, but it involves more than just filing Form 8832.

I know many of us currently rely on spreadsheets and manual checklists, which can be for some tedious process and prone to errors.I’d love to hear from those who are directly involved in the due diligence process—investors, brokers, attorneys, inspectors, you name it.

I know that I can go in, in either platform, and refund for days as needed without involving the "customer service" people.

Sure, in theory, the strategy this investor used might sound clever, but it’s also incredibly risky to rely solely on the compliance of a borrower—especially when they might not fully understand the terms or simply can't agree due to their personal situation.I have tons of ideas that might look good on paper, but I don’t pursue them because I assess the real risks involved.

One of the tenants we have already started eviction proceedings against due to non payment of rent and the other one we are giving 30 day notice to because they had someone living with them that was not listed on their lease and this person was involved with some shady things so since it was a lease violation, she gets a 30 move out notice.   

Diversifying involves buying multiple properties to reduce risk and increase rental income.

With regards to issues involving the contract, it's literally "Charlie Brown teacher" to my ears.Also, only offering MTM leases allows you to more easily mitigate a tenancy where someone is acting incongruent with your initial impression of them.

Starting small is okay; it's all about gaining experience and building from there.Networking is also super valuable, so get involved in local groups or forums (other than BiggerPockets).

Also, when considering purchases versus refis, do you have specific criteria that help you feel more comfortable with the level of risk involved?