To make a long story short, for one property you are not going to save $ in the long run and realize materials can take 6-16 weeks to arrive. 

I ultimately invested $65 cash, $5k in legal fees, and $9.7k in operational expenses while owning the home, and walked away with $17.3k after a judgement.What made you interested in investing in this type of deal?

I realized I hadn't thought about it, but it will likely be working professionals, students, or families.

It was a blessing I just didn't realize it at the time.

A friend of mine in Austin once negotiated a partial buy back option when the seller realized they might want back in if the market soared.. from what I read in Bloomberg, that approach can work well if both sides trust each other.If the tenants’ rent covers your carrying costs, that’s a nice cushion, but you still need to clarify that buy back clause.

Everything I had read and heard was that I should protect myself by having them in LLCs but I didn't realize I couldn't get a HELOC after (which many investors say in their books/podcasts that they use to leverage into more properties)

@Jonathan Carter I looked in a lot of places and I realized that many laws and rules can be interpreted in different ways.

I always make sure to help the team but also support them while giving them room to make the position theirs, get them to realize they are part of the company, not just an employee. 

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