You’ve made a great point about checking the borrower’s track record on completed projects.

You only need a place to track tenant information, payment history, maintenance, etc.

It might also be worth looking into any federal or state disaster relief programs that could provide assistance, especially if the storms have been declared federal disasters.Hang in there, and I hope you find a solution soon!

I can’t keep track of the number of  people I come across on bigger pockets who feel the need to create entity structures more complexed than my former employer that owned a hotel portfolio valued over a billion dollars. 

Feel free to reach out if I can be of any assistance!

Hi Alex - You are thinking on right track and its solid strategy.

I recently heard about residential assisted living facilities.

It was a 2/1.1 house and we got this bath to be huge with a large walk-in shower and that tub I am in, and a double vanity.For reference, now that the thread is even more off-track.

I’ve begun assisting a start up group as their property acquisition specialist.

From helping a widowed mother get a fresh start for her and her kids, to the MILLIONS of dollars in assistance we acquired for residents to stay current during covid...