Remember, confidence grows with each step, so take action and keep moving forward!

@Keith Mintz Will you be running the house or leasing to a company that does sober living.

The best strategy I seem to have deployed so far was to contact all my current tenants and let them know I’d give them a cash referral fee of $250 for anyone they recommend to me that goes through the vetting process and successfully moves in.

If you math it out it is probably unlikely that you will be cash flowing on a property that you are using 100% leverage on from a turnkey company.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

I didn't see a need for a holding company but if someone wants one, you can just use another LLC as the holding company.

If it does happen with guest there, just get someone out to deal with it asap and move forward.

He also founded an HVAC company with 110 employees, and also ran several construction companies.

What would be the best loan option for purchasing another property under my name that I’ll be moving into as my new primary residence? 

I own a mortgage company now that does both residential and commercial finance, but I spent years as a commercial banker with both big banks (First Union/Wachovia) and 2 community banks.