They would pay all utilities and maintenance on the property and provide 2 months security deposit. 

Here are the numbers, so you can see what I mean.The numbers are the following: 359,900.00 sales price (purchased Dec 2015) 89,975.00 down payment (25%) 10,000.00 closing cost (estimate - I don’t remember the exact figure) 7,000.00 required rehab (estimate - I don’t remember the exact figure) 106,975.00 Cash invested 3,900.00 Rental Income (actual figures) 150.00 Parking Income (actual figures) 4,050.00 Total Inflows (400.00) Utilities (250.00) repair budget (not an actual outflow, yet) (2,200.00) Mortgage (Includes insurance, taxes, and P&I) 1,200.00 Operating Inflows 14,400.00 Yearly inflow 13.46% ROI If I were to use the 50% rule I would have discarded the property. 

The quick turnaround required precise coordination and efficient execution, highlighting the importance of strategic planning.

If you did not require your tenant to carry this type of coverage and not name you also on the policy as insured you may be out of luck.  

The quick turnaround required precise coordination and efficient execution, highlighting the importance of strategic planning.

An EIN is required to open a business checking account for your LLC.I would recommend looking into an umbrella insurance policy for your properties. 

Solid home with low maintenance.

Managing the $15,000 renovation budget required careful oversight to ensure timely completion.

They promise you’ll ‘get rich quick’Real estate investing and wealth building is a very long-term game that comes with a lot of risk and often requires a significant financial investment.

It may require more capital and harder work, it all depends on how bad you want it.