I worked as a critical care nurse for almost 20 years until I got into REI and there were unethical people in my the hospital setting as well as when I did clinical research.

Any constructive criticism or thoughts on any of this is MUCH appreciated.

I forgot to add critical information to my post.

Understood Brian and sorry if my post sounded like personal criticism.

In a time where we have the best prices in a generation on SFRs, along with banks reluctance to lend on small less-expensive properties, and investor's frustration with equity markets and low bond/CD yields creating a conducive environment to offer them something vastly better, I can't think of any topic that would potentially be more important to those trying to build a portfolio of 1-4 unit properties to critical mass.I am in the process of putting together the materials I plan to use for discussions with prospective private lenders, and it seemed a great opportunity to have a robust discussion on what others are doing, and engage in idea-sharing.What works for you?

Protecting your family with proper insurance coverage is a critical component to your overall financial health.

Ebere - Even though I'm not completely convinced there are critical differences between the two entities, I'm going to go the LLC route for the reason you mentioned - less formalities = less susceptible for someone to pierce the corporate veil.

Don's list is quite similar to his.The only thing I have to expand on is before you start demo/trash-out, complete any critical safety issues that may exist before you break out the crowbars.

This is what we've done, and have been fortunate enuf to have found some investors here on BP to do just that.Am I to understand that you are part of some type of investment company that is competing for investors against those whom you are criticizing?

I believe that in rental business, tenants are the most critical part of the business.