The third property has a nice cash flow.I am wondering if there are steps I can take to reduce the cashflow issues of the 2 properties before obtaining another property, like pay down the mortgages or should I just save the cashflow from the third property to pay for any future expenses?

The challenge with the BP forums is that they perform poorly on mobile in their current form.

In my case, I have residential rentals in one LLC, commercial properties in another, self-storage in a third, and my real estate company operates in a fourth.

. - For Private Lenders:- Vet investors based on their experience, reputation, and past performance. - Clearly define the terms of the partnership to avoid misunderstandings. - For Both Parties: - Use legal agreements to outline roles, responsibilities, and profit-sharing. - Communicate openly and regularly to build trust.

these can produce good returns but best chance for success is for those that have experience in this area (I am a partner on an effort adding 8 ADUs, but it is not performing to the initial underwriting (underperforming) and it is an experienced team).good luck I get it, but not everyone has the opportunity of scale and building multiple units.

Look at the application, start pricing third party flat fee services for each step.

Can I send you a message to ask you how the investment has been performing since one year ago?

This property would be my third investment so I'm undecided on moving forward. 

The main lesson for us was that there is still a level of due diligence that our team must perform regardless of screening software.

For test 2 there are three ways to pass this: 1. 500 hours materially participating in the rental activity2. 100 hours and more then anyone else3. perform all substantial services.