The house, built in the early 1900s, was outdated and required major renovations.

The house, built in the early 1900s, was outdated and required major renovations.

I fund a lot of folks that do this. its just wholesaling dirt .. nothing sinister .. some try to actually buy it others try to tie it up and assign contracts.

@Marc Shin what is the occupancy?

Usually I use trieagle and request a month to month plan and have the power on a day or two after the tenant vacates.

Congrats on the potential drafting - that's huge.

If you rent out the downstairs for $1400, you will essentially pay $1,600 for the upstairs apartment.

They are trusting in the potential value of the "Hard" Asset.

if you have an LLC and both properties are under it, you just need 1 operating account.If both are under your personal, 1 bank account specifically for the rental is enough for operating.Security Deposits should always be a separate account altogether.

Hi Tyler, welcome to the community!