The thing I love about BRRRRs is that even when things don't go as planned we are still about all in for close to what we would have put down for 20% down commercial/conventional loan, but in this case we have a newly rehabbed house that should hopefully have minimal CapEx over the next few years.

If there is strong evidence indicating the Tenant was aware of the leak but failed to report it, then I would charge them.

Love to hear what others are doing with pricing in this market to help minimize vacancies and maximize ADR.

@Kiara Lugo the lease will indicate terms.

Structuring it this way minimizes the risk for both partners and motivates me to get it done as quickly and inexpensively as possible.

What metrics indicate there could be lots of deals in a particular neighborhood and that it is a good time to buy for a cash flow & appreciation investment strategy? 

We have been pretty minimal in Arizona but places like Texas and Florida are a minimum 15% with no claims.

Meanwhile, holding the properties personally allows you to use generally cheaper residential loans, and you don’t have the operating overhead of the LLC, as minimal as it might beThere is no tax benefit to the LLC.

The cash out of both properties should be enough equity out for a DP and minimal TLC repairs if needed. 

Personally, I would do everything you can to recoup the financial investment you made as fast as possible while minimizing additional investment into the building.