I'd be happy to function as broker on any acquisition you're considering, but my management is swamped right now- we have more work than we can handle as far out as we can see.

Hey Kristen,I would definitely do an in-depth ARV analysis and then have funds aside for improvements if the market can handle the forced appreciation.

I admire your willingness to try for a bigger deal (i.e. more than four units) on the first one, but just keep asking questions and exploring every aspect of the deal as much as possible, to make sure it works for you, and that you've got a handle on things.

My husband has done MF maintenance, and I have contacts in maintenance for anything we can't handle. 

I'll handle all expenses and management, probably pay off the house in a couple years. 

After deciding that the flooring could handle a bit more abuse, that number became 4k.

Then the property title would be transferred into the LLC, thus giving you checkbook control over this and any other assets you will purchase in it.Here are some of the Checkbook IRA benefits:Ability to execute transaction directly without going through custodian or IRA Administrator, simply by writing a checkEliminate transaction fees and asset based fees (you will need to pick the right custodian with proper fee structure, the company you will chose to do this for you will help you make that selection)Eliminate delays and 'red tape' that often comes with having a custodian handle every single transaction, you can act on best investment opportunities immediatelyHope this helps. 

How will you handle cash calls?

Hi bigger pockets fiends,There are two sides to the "cash for keys" situation. 1) I am a landlord and I'm interested in the best way of handling and covering myself when proposing "cash for keys" to the tenants.

If you plan on holding your properties for the long-term and you have adequate cash reserves to handle any unexpected vacancies that may arise, then you'll make it through a short-term economic downturn just fine.