I used it and found it very effective.

Here are key steps for effective screening:Application Form: Require the new tenant to fill out a detailed rental application to collect essential information, including employment history, references, and prior landlords.Credit Check: Perform a credit check to assess financial reliability, past payment behavior, and overall financial responsibility.Judgments & Liens: Ensure judgments and liens are included within your report; they are no longer on credit reports.Background Check: Conduct a criminal background check to identify any potential issues that could affect their suitability as a tenant.Income Verification: Confirm that the potential tenant has a stable income and meets your required income-to-rent ratio.By thoroughly screening the potential new tenant, you'll ensure that they are a good fit and reduce risks associated with lease transfers.

@Nate Williams,I’m probably preaching to the choir here, but BRRRR isn’t just an investing strategy—it’s an all-encompassing lifestyle.Given your young family (and your wife’s pleas), I imagine an approach that leans heavily on rehabs to create value would be difficult to maintain, especially as your portfolio begins to expand.You do mention that you have $40,000 in cash, but also say that you want a bit of a cash buffer.

If so, what's the most effective way to structure land trusts and LLCs for property holdings?

I’ve found mass texting to be super effective.

The only issue is when rent is too low to maintain a property, which is more a function of the properties location than age.

Plenty of solo operations that maintain commercial general liability insurance.

And rent appreciation will create the same snowball effect over a long period of time.

If structured correctly, an S-Corp can offer significant tax savings while maintaining the benefit of rental loss deductions.

People still maintain vehicles during economic slowdowns but might switch from professional detailing to automated washes.