Make sure this is done in writing and done properly, so there is no legal missteps that allow them to stay.  

This might include smoke detectors, carbon monoxide detectors, proper egress windows, and handicap accessibility. 

(I know I know - this is not the proper cash flow equation because it doesn't take into account vacancy, maintenance and capex) This cash flow does not take vacancy and maintenance into consideration, so that’s the risk.

You can manufacture transactions on there.Debt free, but they have over 3k in collections? 

To properly wholesale, legally wholesale, and morally wholesale, you need to double close.  

Imagine you have cancelled your umbrella, then you learn you have not been maintaining your LLCs properly and get a lawsuit. 

I now have a firm policy of no reviews, no approval.If you wanna do long term, make sure you have a proper long term lease with all the bullet proof clauses.

I hear risk mitigation and taxes often....from what I understand (but could be wrong) pass through entities like LLCs don't impact taxes all that much and a good insurance policy is much better on the risk management front than an LLC that may or may not be ran properly.

They have a huge library of free information on how to properly set up leases, rules, handle situations, etc. which we still find helpful when managing for other people.

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