If someone injures themselves and sues, they will be suing the LLC and not you personally.

I spoke with the one I suspected forgetting to turn off the stove but the person did not confirm.

They call the person that brings the schedule of real estate, net worth and liquidity to the deal the sponsor or key principle.   

Personally, I find BTRs to be more predictable with fewer ongoing maintenance issues, and they tend to attract high-quality tenants.

I try not to let it get personal...there are some members that have been 'inappropriate' in the past, but I will still give them a vote if their post actually deserves it

@Kris Lou Many factors go into PMC pricing:1) Locality (city/state)2) Neighborhood & Property Class (time to manage Class A < Class B < Class C < Class D)3) Property condition (slumlord properties hard to manage)4) Number of units (some economies of scale, but not as much as owners think)5) Owner expectations (some owners really want a personal assistant!)

Meet in person.

A landlord policy can be a commercial policy or a personal lines policy.It's the same as asking if you should buy a single family rental or a 1 unit building.Focus on the coverages and disregard the name of the policy.

My goal is to wholesale some properties single and multifamily to build some capital while fixing my personal credit and building my business credit.

And what if the one person you didn't check has a criminal background, has collections, and more?