What kind of due diligence did you do on the operator before you handed over your money?

Now you're operating a triplex, essentially, with 2 income-bearing units, even though the street might be zoned for SFH only, and it's totally legal (assuming appropriate setback etc etc).

The front part of the property is a house, while the daycare operates in the back.The woman currently leases the daycare space and wants to stay, but the seller is looking to offload the property because he doesn’t want to handle the updates or renovations it needs, which are significant.

Hi Chris,I am an operator and also have 50+ Real Estate clients with my advertising agency, many on whom are using Left Main.

Hi All!I live in Chicago and invest in multifamily on the east coast and in the midwest. Looking to connect with other multifamily investors who live in Chicago. Anyone want to meet up for a coffee and tell me how I c...

Focusing just on appreciation causes people to take on negative cashflow situations, gambling that the market will eventually save them before they run out of cash.

I was operating under LTR understanding, but you're right that we're looking at MTR.

The area does not have explicit rules on STRs so its a gamble with that strategy.

We typically take out cash flow 1X per year close to the end of the year based on what is left in the operating account and our thoughts on proposed work to the property the following year.

I need to create an operating agreement for my rental property LLC.