👏Regarding subcontractor contracts, it’s essential to have a well-thought-out document to ensure clarity and protect all parties involved.

A professional property manager should handle the heavy lifting, ensuring your investment is protected and profitable without adding stress to your plate.

Not sure I would invest in places without such protections as I see this on BP in a lot of places (i.e.

The bottom line is this: Concealment is not asset protection, proper (time consuming and expensive, I know) management, and good, prudent, practices (ditto), WHICH ARE ADHERED TO, and insurance (expensive), are needed for asset protection.

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.  

Man-Made Elevation: FEMA accounts for both natural elevation and protective features (like levees) in its calculations.Do You Still Need an Elevation Certificate?

This gives much better diversification protection across geographies, asset types, strategies, investment subclasses etc. versus putting all the eggs into one basket.The downside is that it's not for everyone, and a person has to be comfortable with turning over control to someone else.

As for the property structure, using an LLC offers liability protection, while a land trust provides privacy.

To protect your deal, you can:1.

It can be done ethically, but you need safeguards to confirm mortgage & possibly property tax payments made on-time, as well as insurance with you protected.- Also, you need a legal way to take back the deed if buyer defaults!