The fact that you are working with a loan officer who is coaching you on committing fraud, you may want to change your circle of influence. 

I just signed a contract with the turn key company REI Nation today to invest from California.

.: @Natalia Perlova1) You should have a lockbox somewhere on the property with keys to every unit so if you give notice a vendor is coming and the tenant isn't there for some reason the vendor can get access.2) A plain light switch for something important isn't a good idea for the common area.

Here are my key takeaways:Tenant Screening Matters: The challenges I faced with the garden unit tenants reinforced how critical it is to have a thorough screening process and not stray from your requirements.

And proximity to hospitals is key, within 15 minutes is what I seek.When I was trying to determine demand for our area, I selected about 20 listings near the location I was focused on, and tracked them for several months.

If it's way out of whack with the market average, dig deeper.Debt Service Coverage Ratio: Key for nderstanding if the property's cash flow will cover financing comfortably.Historical Vacancy Trends: Especially in areas like Chicago, where local job markets fluctuate, knowing vacancy trends can help you anticipate rough patches.Rent Growth vs.

Vacancy rates can be highly market-specific and influenced by factors like the local job market, tenant demographics, and property management.

The key is to have clarity on what each offer and then decide what’s best for you.

From experience, proper planning, strong insurance coverage, and networking with experienced investors are key to making the most of an LLC for your investments.Good luck!

What is your risk tolerance, and are you ok with properties that need work, or do you want turn key?