You're absolutely right—rising material and labor costs have made it much harder to accurately project future reserve needs for condominiums.

I’ll definitely raise the question with them.Thanks for the response.

I wait well over a month before I hear any responses and then every single time they ask me to drop the rent.

Understanding their cash flow is critical.I especially like your idea of communication clauses—non-responsiveness is a huge red flag, and setting expectations upfront can save a lot of headaches later.

Thank you for the response and the knowledge! 

@Ginger Vaadi I would agree the 50% rule probably more accurate over time.

After reading this thread, a few comments come to mind over this common A or B decision.Without knowing how much it is (no need to say) makes my advice (or more accurately, my opinion) more general in nature but here it goes:Lending has very little to no tax shelters whereas buy and hold does.

If it expires and you don’t close because of wholesaler, you get it backThanks for the response. 

Quote from @John Kelly:I would agree with @Ashish Acharya, #1 is the best answer to the question on his response in the reason it would not be good to use an LLC on a house hack until you move out of the house and call it a true rental. 

I checked out ab968, looks like pre / foreclosures might be a good way to go if I can find them. thanks everyone for the responses, really great info. im actually starting to see more deals on properties in need of renovation so I’m hopeful I’ll be able to find some good flips when I’m ready to pull the trigger