Similar to setting up a QI if tis 1031, is there any formalities that need to be performed prior to the sale for residence exemption?

Me personally though, I always try to look for scenarios where cash flow & CoC, as well as other indicators (DCR, GEI, etc.) perform a bit more aggressively/positively in both the short term and long term.

Some mentees will act as a bloodhound for the mentor, knocking on doors, driving for dollars, scouring the internet, making cold calls, or performing other services that help the mentor find new deals.

I also have zero interest in positioning ourselves as a “value” offering in an industry where top performers can 2x + the cheaper companies. 

How is private money lending currently influencing the real estate market?

During this year, I've experienced inheriting a crooked property manager I let go on day 1 that tried collecting rents from tenants weeks after, an eviction (same person) and a successful lawsuit against a non performing seller that backed out the day of closing. 

With that said, your ‘screening’ comes in the form of observing how they perform (and have performed) paying their rent and taking care of the property.  

In fact, the PM is ONLY authorized to perform actions that the owner would be authorized to perform.

In this case, the LLC won't have any income performance from the previous year (i.e., no DTI).

Please note that the opinions expressed in this review are based on our personal experience and should not be taken as a definitive statement about the overall performance of Bildwise LLC.