He mentioned they’ve had trouble paying on time lately.2) This place rents for $1,500 now, could be as high as $1,650 fixed up more but the total mortgage payment with taxes and insurance would be about $1,500-1,600.

I live in Tampa Florida and would highly recommend working with Josh Green with Impact Realty

Until you have experience in partnering with others on successful projects, I highly recommend working with your partner and an attorney to structure an appropriate, legal, and viable operating agreement, be it in context of an LLC or otherwise. 

For example, things like tools or building materials that I buy specifically for repairs on these units.

Meaning, if the kitchen has high end finishes...then yours should too.  

Residing in high-tax New Jersey and working remotely, we’re exploring strategies to reduce our overall tax burden.While I’m intrigued by the short-term rental strategy, my preference leans towards LTR due to familiarity.

You can use your phone to scan the room and/or entire house and create a highly detailed 3D model that can be brought into design tools such as Sketchup, Revit, etc.

Hey Dulce, Blanket mortgages can be a useful tool for real estate investors looking to scale their portfolio efficiently. 

The next month in April, I saw that the boyfriend disconnected his bank account from the automatic payments from the Rentredi app (He is the primary he has a 700 credit score, girlfriend has a high 500’s) The rent was not paid on April 1st due date.

The other thing to consider is does that car loan prevent you from buying a rental property (ie your debt to income ratio is too high)?