Hi Shilpa,This deal shows strong potential, especially given the low purchase price of $41,000, which provided plenty of room for value creation through your renovations.

You raise a lot of good questions.Regarding USD fiat, it gets a little complicated, but most dollar creation is actually done by the banking system via debt. 

When this happens the fancy/complicated entity structure is useless protection-wise.Lots of attorneys out there who will sell you a $10k+ entity structure that doesn't mesh with your operations as you scale your portfolio and team.Also, ensure your REI-savvy tax pro and your REI-savvy attorney link up during the entity structure creation process so things are optimal on all sides.Just something to keep in mind as you're beginning this journey.

If you decide to stay in CA I would definitely suggest getting to know a good tenant/landlord lawyer that is familiar with lease creation and knows the process well. 

Also, it’s best practice to consider areas with population growth and job creation- they typically offer stable returns.

We make money from value add features and services: credit card fees (ACH is 100% free), credit reporting for tenants, insurance policies (both renter’s insurance and landlord), our lease creation and e-sign feature.

Hello Thomas,Were you involved with the creation of the fund you work at currently? 

The parent should have in its books a resolution authorizing creation of the child series, duly signed by the required members and the secretary. 

Look for cities with strong population growth, job creation, and infrastructure development.

Debtor must clearly phrase their request to obtain: the source of a debt and the amount a bad debt buyer paid for plaintiff’s debt; how amount sought was calculated; where in issue a list of reports to credit bureaus; and documents conferring authority on third party to collect debt.Documentation of the creation of the debt with your collection agency.Under FDCPA Section 809 (b), you are not allowed to pursue collection activity until the debt is validated.