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.

Originally posted by Garrison Johnson:Now I know some of you want me to pick a side, but the truth is, I see the situation from both sides.Garrison I can tell that not only do you have a winning attitude but that you also know how to think critically.

The all others is critical and covers everyone known or unknown to reside in the property.This way someone living in their cannot say the eviction says so and so but not me so you can't make me leave.Front and back lock sets cost me 28 dollars for the set with deadbolt and we put those on the second we finish with the writ or the tenant voluntarily hands over the keys and it is vacant without filing eviction.We do this because sometimes even if tenants leave on their own they have an extra key they don't give and then when where they move to doesn't work out or have enough storage they start putting junk back into the apartment they vacated or try to squat there one day and then another place another day.Sometimes in apartments tenants will hop from one apartment where they are evicted to staying with the unit next door that is paying.After awhile say a week or so the good deed wears off and that tenant wants the people gone from their unit.Was the power in the husbands name??

Item B, finding a good contractor is critical to this business.