The key is finding quality notes that are held by folks that are motivated to sell because they need cash.

If there are fee's due up front then they have to go to Escrow to be held and only dispersed upon a successful settlement.. the way to start with limited funds is to find a partner that is close to you or you find at a local meet up that will be your cash partner.. for context..

I understand the the pros and cons of holding a property in an LLC - better asset protection should there be a lawsuit but also can be more difficult to get financing.I'm just wondering if there is anyone here who is on the other side of things and have held your apartment building in your name? 

I would also consider in finding a polite way to inform her that if for any reason, the tenant defaults on payments, that she will also be held responsible for any un-paid rents.

Typically we get paid our assignment at closing and the earnest money put down by the buyer is held by the title company in case a seller backs out. 

The calculation includes all costs going in and monthly costs if being held. 

You should have a 593 form from escrow that they held some money back, and then anything above what escrow holds above and beyond that amount your CPA will calculate to pay next April or October 2025 (depending if you push back the deadline/file extension).

I held a lot of my stuff in storage or in a back closet that didn't need renovating.

For example, last year I tried a BRRRR and it wasn't going to pencil, so I sold it... made a little $ but not nearly enough to justify how long I spent on it and how long I held it for.

@Michael Snider-Held we hear stories like this all the time in the LTR market about the national companies.These companies are setup to make money, period, with little oversight from management.So, owners need to make sure they read management contracts and UNDERSTAND what is covered and not covered.