Thanks for your helpWhen we structure JV Agreements for our clients, we look at several aspects that need to be included.

The below is simply our interpretation of some aspects of HB24-1098.

-Has no crawlspace (common for older properties) so we couldn't see the foundation-Drywood termite/wood decaying fungi damage seen on all the windows/doors/parts of the beam on the exterior, parts of roof decking and rafters in the attic-Old leaks/moisture damage seen in the ceilings and attic-Parts of the roof has patch work-Roof doesn't have any permits on record (don't know how old it is)Seller's offer to me:-Fumigation treatment for drywood termites (tenting the house)-Replace and repair all damage wood throughout the house-Replace the entire roof with a new permit-Replace one window in every room (not all)-Pay for a structural engineer to inspect the foundation-Offer to get quotes for repairs and have a 15-20K budget to make all repairs, house is 500K.

I wouldn't focus so much on the leverage aspect of things, as much as I would cashflow, and that I'm buying in a stable growing market with positive cashflow.

I purchased a 3/2/2, 1366 sqft rental home built in 1986 (roof 8-10 years, no pool, smoke alarm, etc) in May 2023.

Identify any deferred maintenance or repairs needed2.Review the legal aspects, including zoning, permits, property taxes, insurance, and any existing contracts or leases.

New roof, solar, paint, lvp in the living room, granite countertops, cabinet handles, fixtures, carpet on stairs and upstairs, refurnished entire house.

Having 100 units under one roof gives you far more focus and economies of scale when it comes to maintenance etc.All your risk is concentrated on one pile.

Hey Tyquan, An important aspect to note regarding investing in Arkansas is the relatively lower property values.

If any of you could help me determine what kind of property damage I should avoid either because it costs too much to fix or it is just too difficult/ time consuming (things like termites, gas lines needing repair, roofing, etc.).