1) Not to act paranoid. 2) Protect himself and his family by placing the property in the LLC3) Get proper insurance.4) Keep calm and relax.

I’m thinking since I’m new it would be best to do my research and ride out the wave during the pandemic, waiting till things calm down a bit.

I’m going to go have a glass of wine to help calm my nerves.

It would work for a young single guy, a people person who is good at smoothing things over and calming people down. 

The more natural, calm, and knowledgeable you sound, the better chance you have.More importantly, you need to work on your intro and the first 30 seconds of the call.

The more people you cram in there maximizing rent like a good house hacker, the more tension and friction there will be that will need to be resolved calmly by you.  

@Blake Dailey thank you as soon as things start to calm down in the world and society get back to normal I going to attend as much events as I possibly can lol.

Have a good calm discussion with the tenants, bring in an unrelated 3rd party if you need to to keep things civil.

It's finally calming down with more listings on the market, and buyers settling down, no longer panicking and needing to jump the second one hits the market.

The traditional, more commonly known structures are:1. 6-8%pref with 70/30 split thereafter (no GP catchup) and then you can add a waterfall tier structure if you want based off certain IRR hurdles being met. 2.