Without solid credit, even the best structure can be challenging to leverage.Curious to hear how others in this community are structuring their businesses—are you sticking with an LLC, making the jump to an S-Corp, or considering something else entirely?

If anything sticks out to you, please feel free to comment and connect. 

I make sure they're well insulated, have replacement windows, spend more on nice flooring that looks great (plank style / wood-look porcelain tile, hardwood or click-together LVT planks, not peel-and-stick squares). 

If you hired an agent or a broker to work with you, you'd be covered - but regulations & laws vary from place to place.Screening is best done by establishing a set of guidelines to qualify applicant tenants, then sticking to those rules to avoid legal issues (and for your own sanity).

Hey Lolo, I am an REI agent in Cincinnati and NKY, just speaking from a point of your question from the market I am in, you can do both, and I recommend sticking with "better appreciating areas".

Note to new investors, stick to actual RE investing, and never lend money to someone that is not secured.

We then stick to that math and we don't get emotional about property.

@Nosa Agidigbi Just stick around.  

Borrowing cash from another source does create a lot of risk so make sure to stick to your numbers and make the deal happen where you minimize that risk.Another option perhaps not mentioned is a wrap-style deal subject to or seller financing.

This gives you a clear roadmap for how to handle the situation while sticking to what you both agreed to.