Do you maintain the correct types of insurance and adequate amounts of  insurance? 

This is correct, a lot of the FHA guidelines have changed in the last year making ADU financing a lot more acceptable and easier.

For the pre-foreclosure properties, the realtor said it took a lot of time to deal with the owner with a big uncertainties so they can't help with those properties either.Please give me some advise on how to use foreclosure.com to find deals correctly.

For bookkeeping purposes for our clients, we usually do an 80 (building) / 20 (land) split until we have the correct figures from the county records (it takes some time for those to post sometimes).

This creates a record of your communication, which could be important if legal issues arise later.Liability Considerations: You’re correct in thinking that getting the LLC to pay for roof repairs could be difficult, especially if they own no assets or claim no liability for the tree falling.

Plus with House Hacks it is about reducing living expenses and getting into investing at a lower down payment and better interest rate.With this said, what people are saying is correct.

While they are good communicators, experienced with Section 8, and their software for rent collection is solid, we're increasingly concerned about a few key issues and would appreciate input from anyone with similar experiences:Turnover Fees Transparency:The turnover fees seem high, and despite our requests for itemized breakdowns and man-hours to justify these costs, we feel they may be taking advantage of our out-of-state position.

I think I'll just pay some sort of consultation fee and have a engineer or architect review them and make any necessary corrections.

Asking in the correct forum will get a better response.Need a spreadsheet or form?

If managed correctly, the rental income should cover your property expenses (like mortgage, insurance, and maintenance) while still leaving you with positive cash flow.