To save money on closing costs and interest.

Be good with your numbers, those are: ARV (based on comps), repair costs and MAO which will allow you to squeeze in your cut in the assignment of the contract.

Negotiating a security deposit amount is not a red flag for me, especially with over $10K in estimated moving expenses (professional movers) and move-in costs (1st month and security).

 (15T X Sale price, minus sales costs, minus purchase price, minus a capex.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Has anybody found an effective way to combat this?

Because of material participation (I self-manage)/bonus depreciation/cost seg, we’ve been able to get all of our taxes back both years so far.We cannot keep going the way we have for two years, so that’s not an option.

(not counting the state LLC cost) I am not going to respond to your SDIRA/LLC consulting service unless you are a lawyer or can quote me a cost. 

G’Day BP folks,A fellow Toledo investor started a Facebook group revealing all local scammers.Mostly contractors.10+ years of investing in Toledo and stopped counting at $1m in losses.It’s just the nature of the beast and the cost of doing business in my eyes.Unfortunately, Toledo is notorious for bad operators and poor quality of workmanship in many industries.Maybe this group will help you not loose the same amount of cheese that I did $$$You’re welcome 😇 https://facebook.com/groups/786864700099337/

I would want to keep extra for reserves along with contingencies, plus if anyone in the area has stored away the 10,000 for a cost segregation details on that would be helpful too.