Individuals who bought real estate during a recession have seen their property values and cash flow nearly triple. #2 avoid sowing seeds of failure in the good times - Many investors fail due to investing in prosperous markets.

thank you for your time..That response is very fair.

For example, if your old tenant moved out November 25th and you place a new tenant 15 days later, then you can hold the old tenant responsible for 15 days of unpaid rent.4.

I'm genuinely asking to understand the use case for my self for an individual investor.Re. balance, as someone who is a former CPA and has prepared financial statements for multi-billion $ funds, I understand the important of a balance sheet.

It’s also great for building a trusted brand in your market.5.Customer Service is KING: Prompt responses and proactive communication are non-negotiable.

@Isadore NelsonAre you responsible for any transfer taxes upon sale?

@Laura Shinkle great advice all around in this response!

However, this is a totally new space to me- Any advice for how to go about looking for a lawyer who works with individual investors and won't break the bank?

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

We recently did a loan involving a borrower with a mind-numbing operating agreement involving nested LLCs, retirement plans, and individuals.