Key points include:Security Deposits: In Indiana, there’s no legal cap on security deposits, but you must return the deposit (minus any valid deductions) within 45 days of the tenant vacating the property.Evictions: Follow the formal process carefully.

.- There is risk in that the rehab has not been completed and the financing has not been secured so there may be unforeseen issues with the home or lending process that may cost more than the estimated costs which can then reduce profits.- The tenant buyer may decide to not exercise the option or may decide to terminate the lease early which may produce a profit less than the projected returns.- The money partner is not the only owner of the company which owns the property and thus has limited decision making over the property.

We have regular evictions at this scale and they typically will take a few months up to six or seven months if the tenant contest/hires an attorney.

I would echo the post about security. 

Securing legitimate deals is a great first step.

It probably would have cost me about $10k more, but I would have still been able to secure the property.

They were recommended to me by a local lender that I work with regularly.

I understand this is a good way to become financially secure over time and am eager to start.  

@Abby H.Shifting from house hacking to small multifamily is a great way to scale, and securing a JV partner is all about networking, credibility, and structuring a win-win deal.

Others are also struggling to secure a carrier or are being forced to pay exorbitant premiums just to have their applications reviewed.