Borrower has the 3% loan in place for the duration, and 14% investor can be paid off with increased rent in say 18 months.  

However, it's a deal in a different state and during the Facetime showing, I could tell the tenants were gross and makes me think they don't care about taking care of the place or their living conditions.

Purchase price: $330,000 Cash invested: $40,000 Hey everyone, I wanted to share a personal story about a property I purchased and renovated in Hudson County, NJ.

Just don't see the S-Corp or another LLC having a place here..I've heard tax advisors say it takes around $70k min of self employment income for the break even point for S-Corp to make sense.

However, i want to address placing a tenant.My market has a low vacancy rate.  

Out of curiosity would anyone be willing to share any experience with non-paying renters who've vacated the property prematurely?

Always happy to share my knowledge/resources. 

As more people placed more properties in STR inventory, and as more municipalities taxed and regulated the industry, the profitability of the overall industry has reverted to a much more aligned (lower) risk adjusted return.  

If your looking to invest and learn about notes PPR may not be the right place as they are true mailbox $ and as passive as it gets (which is nice as well).

I personally invest in Detroit and have built a solid process to help others navigate the market, from sourcing deals to property management.If you’re interested, I’m happy to share more about what we do and how we can help.