Also, set clear expectations with tenants upfront so they know how to handle issues like maintenance requests.How do you plan on finding all your contractors?

It’s clear that there’s an incredible wealth of knowledge and experience here, and I’m excited to continue learning and growing with this community.I’m looking to connect with members who are open to mentoring or collaborating on real estate deals, particularly in buy-and-hold strategies for single-family or multi-family properties.

Clear opportunity for improvement How did you find this deal and how did you negotiate it?

Also: I must have mentioned the request several times so it was clear.   

I have a question and would really appreciate your input.I’ve done a couple of fix-and-flip projects in the past using hard money lenders, but I’ve noticed that their fees and interest rates significantly cut into my profits.

As mentioned take a smaller cut to complete a deal if necessary.

You are very clearly leveling up your game quickly!

Unless you have a clause in the purchase of the entity that clearly makes you responsible for the entity from the day that you buy it(Indemnification) I wouldn't bother with the LLC.Good luck man. all the best!

So it's been a while, and I'm beginning to get a pretty clear picture of total costs, as well as projected room rates and expected income, so I thought now would be a good time to start throwing some numbers out.The total cost paid out of pocket to Homeroom, after the purchase of the house, will be around $24,818That includes about $8,480 for various purchases including furniture, appliances, kitchen stuff - dishes etc , smart locks and thermostats.

Thank you for that - it creates a clear path when its written down.