You may end up lopsided on a deal and you need to have the proper planning and cushion to make sure you are not wiping out your entire bank account and starting from zero 

@Lucas Hunt I am looking for something similar, did you find any SFRs in that price range

Why would I put myself through the trouble of posting all these different journal entries to move dozens of transactions from Inventory to COGS just to follow proper accounting that no one will see?

Love that you are ready and hunting for your next deal!

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

It will depend on the state but typically in order for a lien to be valid they will need to show a contract with the owner as well as properly name the owner in the suit.

However, my mother is asking me to visit her to help with some matters, and I'm struggling to balance both responsibilities.My property needs some work to be rental-ready, and I want to make sure it's done properly to attract good tenants and maximize rental income.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Make sure that your LLC structure is solid, with proper insurance coverage in place, to protect your personal assets from any potential issues related to the rehab or the property itself.

I will treat them properly no matter how they behave because how they behave doesn't upset me.