Also, right now we are utilizing FB but we may change this next year to a platform outside of FB for better interaction and more security.

Sometimes it can be difficult to collect and some landlords will keep any unpaid utilities out of the security deposit, though CA is one of the trickier states to do this in.

Quote from @Jeff Adolphe: @Kevin Collins How long does it typically take you to secure a house with REI?

Also travelled 2 hours to find a security door design I saw in Orange Walk. 

I’d recommend running cash flow scenarios on any potential deal to ensure it aligns with your financial goals.If you’d like help analyzing properties or securing financing, let me know I’d be happy to assist.Best,Drago

Look for undervalued properties.Network: Connect with local real estate agents, contractors, and other investors for insights and deals.Analyze Properties: Use the 1% rule to evaluate potential properties (monthly rent should be at least 1% of the total investment).Secure Financing: Explore different financing options like conventional loans, hard money loans, or private lenders.As for timing, if you can handle the extra responsibility, starting now could give you a head start.

My updated expected monthly rental income will be $2,800, resulting in a cash flow of $795 per month (excluding my share of the split utilities).I plan to set aside at least 80% of my cash flow for property-related expenses.Additionally, I’ll be installing keypads and security cameras for enhanced safety and operational efficiency.

If you mean security backed by collateral, you are correct.

This not only secures your cash flow but could also turn a problematic tenant into a reliable one. 

Also, what’s been your biggest challenge when it comes to securing the funds you need?