Any guidance you can provide as we navigate this process would be incredibly valuable.Looking forward to connecting further!

Though, this process will be the same for the other state (if you created a CA LLC you may need to register it as a foreign LLC in the state in which you are doing business/holding property).

If, through the process of renovating the property, the market shifts, do you have an alternate plan for the property, whether it be to live in it until the market improves, or convert it to a rental property, etc. 

You will be asked to disclose this during the application process, and not doing so is concealing a debt and would be fraud. 

Hey Adam keep grinding - it sure does take a village but each property you get the more you'll make and the faster the process goes. 

- Controlling costs for payroll processing, unemployment charges, workman's comp and liability insurance- Coordinating ServiceTech & tenant schedules for appointments--- There are several industry vendors that focus on just this!

Negative CF, which is what you are describing, means you are buying your property, and making no money in the process.

Ineffective or Absent Conflict Resolution ProcessEvery successful group of people needs an effective conflict resolution process characterized by:simplicity to understand and remember;quickness to start and complete;a clear vocabulary.My company, Livingsmith uses and recommends the 5-on-5 Process for conflict resolution in co-living homes.2.

There system has been helpful for someone with no prior experience in the process, from finding properties, lenders, insurance agents, CPA's, attorneys, etc.

I was thinking of starting a rent increase for my 1 bedroom tenant voucher due it being low and well under fair market value(Based on  hud and zip code) but my tenant is in the process of having a caretaker for her disability and getting approved for a two bedroom voucher.