A ton of us use Tina B at First Integrity. 

First, it's a plan-z measure, that if they have to take the asset back, that after all the expenses of such and what-not, there potential losses are mitigated to $0 or as close to $0 as possible.

First, ensuring that each property or group of properties is held in a separate LLC can limit exposure, confining potential liability to the specific entity involved.

Thanks all.Yes, my tenants will cover the appliances according to my new contract; it will be up to me to see if the tenant is worthwhile to pitch in.I actually already have this clause but I will tighten it up a bit.It may look silly but the new appliances are so expensive I am not willing to buy premium appliances every 5 years for my A class properties. 

Speaking with references can provide first-hand accounts of the sponsor's performance and reliability.

This is my first time investing. 

First of all, you picked a great PM with WHM - Ed has been running a very good business for a long time! 

Personally not a fan of out of state BRRRR.I think it's a recipe for disaster and having been in the game for 10+ years, I've seen the disaster first hand as I bought hundreds of deals from disgruntled out of state investors who thought they can do it themselves.My property management company has doubled in 12 months also due to out of state investors getting caught with a poor property manager when trying to do it themselves from afar so they come to us for help 🤷‍♂️I'm seeing many investors buying D class crap on the MLS for too much and that needs work.They end up being into the property for 30% more than they would be that if they just bought turnkey.A true turnkey provider will find the cheapest/best deals through a variety of acquisition methods, renovate well and sell for fair market value (And manage in-house).If things go South, they are solely to blame and the penny drops with them.But with DIY, who is to blame?

From Google AI:In the first quarter of 2024, Memphis, Tennessee had a 14.6% house flipping rate, which was one of the highest among metro areas with a population of more than 1 million.

Family First Credit Union can give you a 80% LTV loan with a 7 year adjustable rate mortgage for something like that.