When it came to Risk management, I asked how much cash do you need around you to feel secure.  

Lenders want that security, especially with newer LLCs, and often, you’ll need to show personal backing.A DSCR loan (Debt Service Coverage Ratio) is an option that looks at the property’s cash flow rather than your personal income, which is why many loan officers suggest it for newer businesses.

All of the tenants have to pay in order for me to keep afloat, so it can also be stressful.The tenants have a number that they text I check, and I have found this works as I can have a written record of all correspondence from each and all our conversations (what they said and what I said back) are all right there to keep track.Yes, they will lie or say they said things when they didn't.  

I’ve seen buyers in situations like this secure terms for primary residence use compared to investors.. so it might actually work out in your favor if your buyer wants to live in the home.Funny enough, a friend of mine ran into a similar situation in Austin last year.

Those of us with more experience in the industry would once again have the opportunity to build direct connections with homeowners and secure better deals.

I'm curious to hear more about how you went about securing that and at what point in your investment journey you first did so. 

Instead, make sure you’re securing the best deal possible.

“Kim Lisa Taylor is a nationally recognized real estate securities attorney, speaker and author of the No. 1 Amazon best selling book “How to Legally Raise Private Money" and her newest publication, "How to Raise Capital for Real Estate Legally."

@Eric Fichera Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

They clearly don't know the law and need to spend 45 days figuring out how to handle a security deposit.