Consider whether an LLC is right for you—it can provide liability protection but isn’t essential for a single property, as personal liability insurance and an umbrella policy may suffice.

Always protect your downside.Until next time.

In some cases, it may not be possible to purchase and store materials, but if it is, that is one way to protect your budget and avoid a costly mistake.The last thing I would offer for you to think about is having a pivot plan. 

My firm integrated the services together and our clients have loved the one stop shopping for all RE accounting, tax, asset protection and entity work. 

Bit more paperwork, but you get paid twice.Flat Fee + Profit Split (Repair Funding): You cover the repairs, but you set a minimum fee (like $15K) to protect yourself.

The other benefit to verify is if you have loss protection.

My comments were geared toward the protections provided an investor after going under contract and prior to closing.  

In order to better protect everyone in the transaction - I have a real estate license too- so I am held to a higher standard by the state.  

Warren Buffet said the most important part of investing is to protect your principal. 

Additionally, involve a real estate attorney to ensure the transaction aligns with legal requirements and protects both parties’ interests.