Overcast yesterday down here, but overall not too bad. 

This will get rid of any bad (more issues with check or cash customers) customers and will also expedite the collection process, versus "the check is in the Mail" adding a week to our process currently.-  Risk-   There is very little risk of going backwards by both raising rents and moving people to autopay. 

The list of docs I have include:PSAMemorandum of AgreementAffidavit of LiensDue on Sale DisclosureAuth to Release InfoGen Warranty Deed (as the bank holds the title at the momentMobile homes can be treated as an automobile or as real property.

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

At least 1-2 of those calls are folks that trusted the wrong people and are now in a bad spot.As always, I'm happy to talk with anyone about Detroit and/or share some resources.

@Avery Moore From a tax perspective, purchasing properties through your LLC won’t necessarily change your tax liability, as the IRS often treats single-member LLCs as “disregarded entities,” meaning the income and expenses flow through to your personal tax return.

A partnership option with an EIN and K1 is not a bad plan either. 

Its frustrating dealing with difficult people but you MUST treat this like a business.

Those are two bear traps that investors fall into daily that will absolutely demolish you and put such a bad taste in your mouth you may never return.Nobody wants to pay 3 points at 13% on a bridge loan, but if #1 and #2 above go well it will never kill you.

I have never seen that before and really puts you in a bad spot