In the beginning expect to travel more often than you may like but once you have a system in place will become less frequent.

Auctions expect you to close on time or you lose your deposit and are often at risk if it resells for less. 

In the case of value-add, your lender will expect to see monthly #s to ensure you are staying on track. 

They total upto $1.5 million of rental assets.How do I do asset protection against any lawsuits, especially in a tenant-friendly state like California.Actions Taken:- I have broken them down to 2 LLCs (3 properties in one LLC, and 2 in another).- I have Umbrella policy of $2 million.Ideally, I'd like to have 1 LLC per property but California LLC are one of the most expensive in the country.Can really use your help and inputs!

The kind I do not like are passed on from their parents who never learned to work so they expect you take care of them.There are some restrictions and annual inspection most have to do with safety(railing), smoke alarms, and sanitation....

As an investor I expect everything I buy to need repairs and price my offer accordingly.

With that amount, should I expect a mo. payment of $440 (1% of loan)?      

Purchase Price - 1500$ plus pay back taxes - $800 and back lot rent - $1200Real Purchase Price = $3500When you buy a mobile for this kind of price expect some rehab, That I can do most of myself, or with my guys from my renovation business anyway. 

However, with all that being said, I understand that I’m a novice in this arena and that I may need to readjust my expectations, perspective and/or my strategy when it comes this investment opportunity.

New tenants expect skuffs on the walls to be addressed and for the apartment to be generally clean.