A few things you should do to prepare yourself is learn about how to set up and safeguard a private money loan from a lender perspective.

It's inexpensive - yet it's a great safeguard for both you and the tenant.6. 

There are some safeguards you may want to place ensuring that the taxes are being paid each year and that the mortgage payment is indeed being paid each month. 

On the other, rents skyrocketed, and the red-hot housing market kept demand for rental housing high for much of the year.There's no telling what's in store for 2023, but if one thing's for sure, it's that landlords need to be prepared -- for basically anything.Want to safeguard your rental property business? 

Looks like BP removed it after my post was live, maybe as a moderation safe guard of some sort... idk.I really appreciate the response @Scott M..

My dilemma here is: I've spent all this time learning how to find these properties and safeguard myself....but now that the time is here, since this house is off market, I have no clue how to proceed with ANY of the legalities!  

Not the same if I send BTC so potentially could open up some legal issues and might be worth a sponsor safeguarding against that. 

The issue is that most low down payment construction loan programs have so many safeguards built in for the lender that is can be hard to get the construction done at a low enough price to allow for the investor to grab the equity. 

It's incredibly important to safe-guard your interests to prevent you from being burned at any point.

What safeguards do you have in place to monitor your numbers on a daily, weekly, and monthly basis?