Our coaches guide clients through an extensive course on investment due diligence to identify their risk tolerance, ask the right questions, create investment criteria, evaluate performance, identify any red flags and have a plan for what to do if an investment doesn't perform as expected.

Transferring ownership to your LLC might trigger transfer taxes or reassessment, depending on your local regulations.Commercial lenders will evaluate your loan based on the property’s cash flow (DSCR) rather than your personal income, which is great for freeing up your DTI. 

Quote from @Malak Lopez: How do you find and evaluate Section 8 investment opportunities in Tulsa?

I would encourage you to look outside of Austin since going there shouldn't be too difficult if you need to do something in person, you can even drive some of the areas yourself and do your own evaluation of it. 

After that, I will re-evaluate every 5 years based on local rent.

Rehab costs and  are key parts of evaluating deals, so it's great that you're diving into these concepts early.For rehab costs, creating a rough estimate starts with understanding the scope of work and local pricing for materials and labor.

-Evaluate our rentals for cost savings/reduced expenses/potential sales.

This makes it harder for a buyer to evaluate and feel comfortable paying market price for the property. 4.

@Patrick Shawn Faherty there's certainly enough feedback on this forum that anyone should be able to make an informed decision about MI, When evaluating any turn key companies, there are the things one should look for.In general, the ones to avoid are the ones that: Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)Don't allow for your own independent property inspectionAre not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)Require you to pay for any renovation upfrontSell only in cheap. low end neighborhoodsDon't accurately represent the neighborhood/property classificationDon't have consistent rehab standards for all propertiesDon't provide a scope of work for the propertyCan't provide references of repeat investors Require you to close before a tenant is in place

I'm hoping to broaden my real estate literacy and savvy, as well as learn how to source, evaluate, and secure sponsors and deals that meet my financial goals.