There’re many check items on your list that I’ve never thought of checking.

Doing research on essential services that a PMC must provide and ensuring that all those items are put down in writing is great advice!

What you have is a few guys that have way over 100 years combined experience with investors and investor deals and we know what it looks like when investors are at very high risk of taking a 100% loss..

Not just the $730k example, but the multiple comments of loss after loss.

@Blaise Bevilacqua - I agree with the added expense items that others have called out including vacancy, repairs/maintenance, capex, unit turns, and low insurance.

There are state specific items to take into consideration.

Will work on some of these actionable items

If someone had gotten hurt and sued for $1mm then these coverages would have kicked in.Having been thru the claim process on a total loss.

@Greg ReeseMost small investors will benefit by having the LLC created in the state where the property is located at.Creating an LLC in a state like Nevada, Delaware, Wyoming may be better for the big players if items such as charging orders, business friendly case law, anonymity are important to you.However, be mindful that setting up LLC's in those states will add to your costs as you may have increased annual fees for annual LLC fees + registered agent fees.

Wind is one of the subtle items that Insurance companies are starting to exclude.