I've heard of the Red Stick group although I was not aware of their monthly meet ups thanks for the insight. 

The proximity to Portsmouth has really pushed both rent and market prices up signifcantly over the years.

Ended up getting an offer at asking, but the appraisal came in way lower than I expected.

Here’s a clear and practical response:Hi Noemi,Congrats on setting up your LLC and series structure!

Quote from @Michael Liggett: Hey @Jimmy Lieu signed up last night.

I say you are VERY wrong.In my area older renovated houses demand top dollar on rents and I can find distressed properties or motivated sellers so I can buy at huge discounts for cash.I do not have constant repairs as I fix them up correctly after I buy them.House values are based on comps.

The way we have it set up is:1.

If they mess up, they are messing up working for you.

The house had some signs of foundation settlement when he bought it which were chalked up to age, however it’s clear now that there has been more recent movement (some of this may have been due to an earthquake a few years ago) causing about 3 inches of settlement along this very small house.   

Your better bet may be to bring on an equity partner, just realize that you will probably be giving up 30-50% of the business if you go that route, but in the long run its probably end up doing much better.