As for the ATM business, that is exactly the plan- build it up for 5 years then sell for 7 figures.

I know that RTR positions themselves as “turnkey” but the reality is that they are more of a hybrid model - they set you up with everything you need and facilitate relationships with lenders, insurance, property managers, and so forth - but they are not the actual service providers.

Would love to meet up with you for coffee and share.

If your home is newer, requires little maintenance, and doesn't experience a vacancy for at least 12 months, your $300 cash flow can build up a tidy reserve to get you through.

Hi Veronica, It sounds like you're heading in the right direction by setting up an LLC for your flip.

I've picked up several really good deals because a tenant operator ran the business into the ground to a point where the property owners just wanted or needed out. 

They got into escrow, and then the tenant started to create a real challenge for the seller and ended up taking them to court for performance/lot line issues on the property.

If a seller wants to sell for future value they need to do what is necessary to bring the value up to that price. 

This can open up for liability and lawsuits in the future against both the owner and the property manager.

Cut up large portions and freeze.