@Matt WeddonLegally, you’re covered as long as you stick to objective, non-discriminatory reasons for rejecting someone (things like personality or ‘vibes’ don’t cut it in Fair Housing law).

There’s definitely potential in finding distressed assets and adding value through smart renovations.Setting up an LLC in the state where you’re flipping is a great move for liability protection, and working with a local attorney will ensure you’re covered on state-specific legalities.

“That’s frustrating.”ADVERTISEMENTBut RAD’s official disclosures tell a more doleful story than its online ads.During the first six months of last year, the most recent period covered in RAD’s latest investors’ circular, filed with the U.S.

.- The bathroom flooring was covered in mold and needed to be replaced.- The kitchen sink was unsecured and fell into the kitchen cabinet.- My insurance was cancelled until I fixed roof issues.- Debris littered the recently occupied unit, the basement, and all over the back yard.As mentioned, we had an initial video walk through before the contract to purchase.

The portfolio covers itself.

That covered pretty much everything! 

Our goal has always been to bring in enough cash flow to cover ALL of our living expenses. 

3. what type of deposit / reserves can you provide in case the monthly rents you receive do not cover the rent you pay me?

AND The balance on one statement is < 100 and other not enough to cover the first months rent and deposit.

Early on, rents would remain market-aligned to ensure the portfolio generates the income needed to cover expenses, pay investors, and reinvest in expansion.