They can't control the utility company repairs, so this makes since.Hopefully they will get all these online quickly too.

Quote from @Andrew Steffens: At 65 doors it is quality control and managing guest expectations.Yesterday someone threw a fit we do not provide snacks as they checked in at 4am and were hungry... 

I dont care to ever be a land lord, GP or LP, RE seems to be either a lot of TTT ******** or you invest as an LP have no control over what’s going on. 

If the properties are in California, check to make sure they will not be subject to rent control once put into an LLC.

I purchased similar to you with all parties agreeing to the terms (8% below appraisal on property with drastically under market rent in a rent controlled jurisdiction).  

@David WillisReviewing the ChatGPT response above - if you go with a bridge lender they would probably want to refinance out your other portfolio to be in first position on those assets - I don’t know of any bridge lender that would go into 2nd on all of them unless it was more of a mezzanine lender against the company but if it went bad they step in and would take everything (literally) as mezzanine debt takes ownership and control of the company.

You can keep renting and saving but that doesn't give you control of that living situation and money that is not working is losing value. 

He shouldn't care if you are getting bank financing or paying in full with cash.It's normal to do a final inspection the day of closing to be sure all work orders have been completed and nothing has changed unexpectedly.The seller does not control the buyer's agent commission unless the seller is going to pay that commission.The emd should be held by an escrow company or attorney, not by some "company". 

Cash flow has been really nice but we do have some maintenance/CapEx expenses like all homes have: thus far $5000 for a new condenser, $1000 for a new fridge, and $2000 for pest control. 

You say it’s a rent controlled area so are there any limits on reasons you can give notice?