Multiple 2/1s had contracts fall through (at least 3 that I liked) and sold for 50k-75k less than their March/April contracts.

You could even go under contract for a replacement property within the 45 day timeframe, if you find a property you really like.

You have three separate categories here: lending, legal, and tax.For the lending side, the lender has a clause in the loan documents in 99.9% of loans that allows them to "call" the loan if their is a change in ownership of the property.

The irony is most investors who form LLC's do not operate them correctly, fail to obtain appropriate types or amounts of insurance coverage, fail to understand their coverage exclusions, take short cuts and don't obtain permits, use unlicensed and uninsured vendors,  fail to execute contracts with same vendors, don't understand the mechanism of additional insured status, indemnification etc. and are actually more prone to claims and conflict with their LLC than the individual who does not own real estate in an LLC but understands these tools I mentioned.

(where you acquired title to their property SUBJECT 2 their loan) We've been told that ONLY a PERSON (an individual) having the capacity to contract is QUALIFIED to act as an Attorney in Fact for an individual.

I would not trust AI with anything really important, like writing legal documents or designing a new house.

Though I self manage, @Samuel Eddinger is someone I find knowledgable and would be my first choice of management. 149 Bissell St Manchester, CT 06040 under contract now  $495,000 MLS# 240386 Owner occupied bought at list rate:Your calculation: https://www.mortgagecalculator.org/?

The Scope Of Work should not change just because you get permits to do the project legally.

I would even be interested in the surrounding areas & suburbs.Also, I would love to have something at least under contract by the end of this year.

Hello Fellow Investors,I am excited to be under contract for my first STR property, but I am getting nervous about the many things I'm already discovering.