It's not a question of "if", it's "when".Keep good insurance policies on each property, keep hefty reserves for each property, open LOCs for extra reserves if you can, and keep a tight hold on the management of the properties whether you manage them yourself or have a PM do it.Stay hands-on even if you have a PM.

If the tenant was in the rental more than one year the painting is generally considered normal wear and tear.I would also review state and local laws as well as any home owner association rules that apply.

It might be time-consuming, but the direct approach can yield surprising results, especially if homeowners are considering selling but haven’t taken the first step yet.Phone prospectingPhone prospecting is another proactive approach that requires resilience.

Hello my name is William 
My family taught me how to build homes in the 90s from the ground up. My father even brought me along to ask for private money lending at peoples homes. 005 bought my first home in Louisiana...

I will be getting landlord insurance.

Oftentimes, mobile homeowners will roof their home with a shingle or steel roof for added visual appeal and water protection.

1) Make sure STR is allowed. 2) Get more and the correct forms of insurance to go with your umbrella policy. 3) Skip the LLC. 

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

I wasnt even there.My insurance company took all the info and will take it from there but it looks like he may be able to get medical expenses.They said that if it was a single family he probably wouldnt get anything but because its considered commercial then he might be able to get paid.

By using the proper insurance and the right legal entity you can eliminate or minimize any threat by lawsuit to seize equity in a property.