Very tricky to unwind a contract that's been paid in full.Candidate 2: families will usually stay longer, but possibly more wear and tear; minor concern about small business vs.

Your concern as a contractor is also not about if the owner has a PhD in construction so it not clear what these quiz is about.

I would love some advice on trying to navigate this if anyone has purchased a property like this before and wanted to know what are the major things I need to be concerned about.

My post was intended to seek advice and insights from the community regarding my personal concerns and experiences.To be clear:Lane Kawaoka, Kyle Jones, Simple Passive Cashflow, and Truepoint Capital have acted within the bounds of the investment agreement, and any issues I have experienced are based on my personal perception and understanding.My comments were not meant to assert any legal wrongdoing or misconduct by Lane Kawaoka, Kyle Jones, Simple Passive Cashflow, or Truepoint Capital.I apologize for any confusion or harm my post may have caused.

I would contact different contractors online in the area and talk to them about your questions and concerns.

My largest concern is the ability to reduce vacancy.

If it works it would eliminate most appraisal gap concerns and I would earn extra margin on the post-closing repairs.

My main concern would be using HELOC on personal residence to make first real estate investment, not as concerned with the Roth/IRA but still don't want to make a big mistake on the first one. 

(he said there is 100 amp panel)My concerns of keeping it as a rental is liability if I don't replace everything with drywall...which would prob kill the deal for me.

An Attorney will help with creating an LLC.LLC is not required, may make getting financing more difficult.It may provide some asset protection.Most of the asset protection that you need will come from the insurance policy.Discuss with the insurance agent on situations that you are not protected.Have a discussion with an attorney if your extra concerns can be protected through an LLC.