@Spencer Cornelia can't believe i missed this part. i was actually browsing youtube and came across your channel, small world!

I get an email alert each time a deposit is made.I prefer not to use any third-party vendors (Zelle, etc.) because firstly, that creates another link in the chain that can break down between the tenant's deposit and my bank account.

The difficult part is, it’s impossible to reach out to anyone once you invest. 

The original posters / plaintiffs now go silent on social media but the secondary investors still believe the original posts and simply repeat it continually in an effort to convince themselves that the money they should have never invested because they couldn’t afford to lose is going to be recovered in short order.Of course this is just fantasy on my part, I have no way of knowing how much of it, if any is true.  

Third, put the money into an account temporarily for a few months, settle in, buy yourself a gallon of your favorite Ice Cream, pop on the boob tube and watch a couple of good movies.

Closing CostsMake sure you also budget for closing costs, which are a collection of fees and payments made to the various parties involved in your transaction.

What about the second and third year when you no longer have the labor-intensive initial setup?

Currently living in Denver and house hacking my third property haha

You would also want to add the LLC entity as an "Additional Insured" party onto the landlord insurance for the property.

For context - I'm 35, own and live in a condo, unmarried, no kids.My question to this forum - Boston is the third most expensive real estate market in the country behind San Francisco and NY.