EMBRACE the awkwardness of talking with sellers, of knocking on doors, on hearing objections and swears, On realizing that you're working with people in a sensitive part of their lives.On getting ARVs wrong and having buyers tell you that you're numbers are off, and you need to renegotiate.

Nobody will know why unless you'll face something later: property tax increase, some assessments they knew but didn't disclosure....or it might be something totally related only to their business - like the private loan must be paid off till next year and they didn't have money, and there might be huge penalties for that.I did disclose some "sensitive info" about my clients only when they insisted to and even then, if I feel it will hurt our sale, I specifically asked them to keep the silence.

Of course, this is an excuse.We only lend to flippers, and only in southern California, so this is a particularly sensitive topic and something I think about frequently.

Thanks….I moved in to a new town in 2006… and I immediately joined the local REIAs…And the communication / email process of one had me baffled…. although there was a “ bulletin board” ..all comments were delayed a day or two before getting posted… I asked “ why the delay” and it was explained that all posts are vetted to make sure that they complied…blablabla…I called bull… by saying that …in my previous REIAs if you ran afoul of the rules there was a warning and a three strikes and you’re out system… but a sometimes deals a very time sensitive… getting the flip out to the whole group SWIFTLY was very important….

Obviously some of these things are area sensitive. 

I'm still price sensitive and not yet prepared to pay 200-500/yr for a cloud-based bookkeeping offering when this does the job nicely and I'm backed up to the dropbox cloud for data protection. let me know if you have other questions. 

LTR landlords are the most price sensitive and have to pay the least.

You need to be sensitive and empathic when dealing with others who go through trauma. 

transunion offers one for free to you. once you've selected your prospective tenant, you submit their basic info (name, email, etc) into the TU site, and it asks what services you'd like: credit, background, etc. it will send them a link to complete the sensitive info like socials and such, and then charge them for the credit/ background check. or if you'd prefer to pay for it, you can select that option as well. ive been using this, pretty great so far!

Always good to loop in your accountant with your attorney as you formulate your structure as there could be some nuance ways to avoid certain tax events with structure but generally speaking if tax consequences is something you are sensitive towards (which is a good way to approach the business) the type of investing and timing of dispositions has a greater impact.