Other benefits to purchasing turnkey if you as a buyer is out of state or out-of-country is the knowledge and experience the turnkey provider can offer with such things as the best local lender for DSCR loans etc or guiding the investor on setting up a local LLC if the buyer chooses to purchase through a company as opposed to one’s personal name.

Hi @Brandon Turner Thank you for the welcome and the great tip on setting up key-word alerts.

Hi everyoneI’m planning to start a property management company and would appreciate some advice on setting up my fee structure.

@Andre Mudiay Congratulations on setting that goal!

I would greatly appreciate your input on this matter.Here is my setupPurchased property under a TrustLLC in FL owns the TrustHolding company LLC in WY owns LLC in FLI purchased the property sub-to, took over the seller's mortgage and I’m working on setting up insurance for the property.I understand I need to keep the seller as additionally insured in my insurance, but the seller no longer has "interest" (ownership) either in the Trust, nor any of the LLCs nor in the Deed nor Settlement Statement.

I am seeking more info on setting policies for resident screening.

Hey Kristin,Congrats on setting up your LLC and diving into the world of real estate investing!

Typically reno scope/rents/insurance/etc. are very market-specific, so building your analysis muscle for your chosen market is important so that you go in with the best possible chance to make an educated choice on purchasing.

My note is a performing 1st and I plan on setting up the lender with Madison Management so that the payments on the Partial come from the performing loan.

If I get those two things right at the onset I should be ahead of the game in worst case getting my principle back if things go south.