I told the tenant I'd consider the current payment on time (as long as it doesn't bounce) since the money was deducted from his account on the 14th, the rent due date on the lease. 

However, if the LLC is purchased, that purchase is NOT a recorded document, and hence more difficult for a lender to ascertain, as long as the warranty deed itself is not transferred and recorded. 

@Marc Shin it's ALWAYS a good time to buy - as long as you stay wihin your Buybox:)Too many investors are clueless about being disciplined.

I had one particular vendor with high standards that would exaggerate anything he found.My rule of thumb: people can live how they want to live as long as they are not 1. damaging the property2. living in filth that attracts pests3. impacting the neighbors (e.g. odors, junk detracting from the neighborhood, etc)4. creating an unsafe situation (e.g. hoarding and rescue workers can't access the home)When I visit a property, I document any issues and talk to the tenant.

It could be any side-hustle you want just as long as you like it and your able to save some extra $$$.2.

It could be any side-hustle you want just as long as you like it and your able to save some extra $$$.2.

Don't forget to factor for this - upon moveout, we reasonably expect to cashflow around $500/mo, which will allow us to maintain and hold for as long as possible to collect appreciation and yes some extra money toward the next investment. 

Self-management is a good thing, as long as you have the skill set and knowledge to do it properly.

Find a STR that cash flows (yes there are plenty as long as you are not looking in Orlando), purchase and self manage for the first year, find a CPA that specializes in the cost seg, and then you can find a PM or continue self managing.  

Go from there based on the results.We often tell tenants moving in that they can stay as long as they pay rent and follow the rules.