True.However as you stated if it is before 1978 the odds are real good it has it.... so why test?

Andy I find it odd that this property manager didn't begin the eviction within the 1st month of non payment.

Do you have any odd stories from when you were househacking to share?

It is however also time to reflect on why it didn't work out.My personal experience has been that in order for the relationship to work I need to be very clear up-front about what my expectations are e.g. get 3 quotes for every expense above $1k, get my approval for any expense above $350, rent paid by x date, late fees, eviction process etc.If you take time to reflect on how you could improve your odds of success working with a property manager going forward you will be ready to scale when the time comes.

Yes, on a spreadsheet those all-in costs are the same, but the odds of going sideways and the overall holding costs are much higher on the 100k rehab scenario. 

So odds are you would be sued as well as the LLC if something goes wrong and your assets outside the LLC could be at risk. 

Odds are in the sellers disclosure that its says something to the effects of: "Buyer to verify everything".

Nathan,That’s odd that it isn’t displaying.

The most popular and successful rentals are actually not near the college, oddly enough.

Odd comment on a site built off strangers giving each other legal and financial advice.