So no one has an external tip?

If you find something that just needs paint and carpet and the rent that it brings in gives you a 20% return on your cash or better then you should be in good shape.

Any tips would be very helpful Just want to add: Great job Josh, Love this site.

So, if lightning strikes and burns the entire complex down, the Master Condo policy should rebuild the building, your "Fire" policy should finish the interior of your unit (new paint, flooring, cabinets, appliances, etc.) and possibly even cover your lost rent while the premises are uninhabitable, and your tenant's "Renter's" policy should replace their flat-panel TV, sofa, bed, clothing, laptop, etc.Does the policy get taken out to the LLC or us as individuals?

Any tips?

This house literally just needs interior paint, appliances and floor cleaning.

I will say that there are a lot of fumes with the paint/polymer.

They paint, install light plumbing fixtures, clean . . .

Any good tips for starting up besides wholesaling?

You also may have a tough time getting a tip top rate, as there are pricing hits on smaller loans as well.