They also said they see this problem ALL the time in Philly… when the city or a private individual knocks down a rowhome, they are responsible for treating the exposed partition wall of the next door property to protect it from the elements.

Make sure you're realisitic and looking at pure NET profit after all expenses, including taxes...When I initially set these goals, I was still in the "bright-eyed, bushy tail" phase of envisioning my future REI portfolio.

I would recommend you speak with your tax advisor and set it up correctly from the start, whether an LLC, Trust or something else.Also consider states different laws, maybe find a state with more friendly landlord protections. 

I currently have a few deals I am analyzing and I am close on securing one of them.Not only that, but his LLC guide and plan helped me protect my first property, since I did not know how important is to protect your assets.I like to invest in myself and knowledge, because it’s the only way to get out when your are stuck with investing, so I totally recommend to give his masterclass a look.

This would protect you from being stuck with a higher rate when the balloon payment is due.After 5 years of interest-only payments, you'd still owe the full principal.

I definitely have a tendency to suffer from “paralysis by analysis” and will keep an eye on that.

**Insurance Issues**: Ensure the property insurance policy is updated to reflect the change in ownership to protect both parties in case of damage.3.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Curious if this pricing strategy was not obvious to the many buyers agents that made the effort to submit an offer.The value of a property varies in the eyes of the buyer.

Quote from @Saijal Sindwani: This is an example of how DIY landlords fail to protect their investment.