@Vincent PlantIt sounds like your cash flow is slightly less: consider setting aside 10% of the rent for repairs (paint, carpet, plumbing, etc.) and 10% for capital improvements (new roof, new HVAC).Consider paying any debt with high-interest rates (anything greater than your cash on cash return).Save the balance for your next deal.Good luck,

The prepaid costs are property taxes and insurance.

@John Warren There's a never ending debate on how much an LLC really protects you, as compared to merely buying a generous liability insurance.

These days, state laws hold landlord responsible for renting to sex offenders and criminals, and I'm not sure how my insurance company would handle it if one of your subtenants, a known child molester, molested a neighbor's kid.

Greetings everyone , if youre a house hacking landlord and you require renters insurance from your tenants , who’s the benificary on your tenants rental insurance ?

Just add preventative measures and insurance responsibilities to the tenant wanting this freedom/addiction.

This is where you can try to force the old contractor to perform (let him know of the deficiencies and copy his insurance/bonding company) to get him out to correct. 

There was dead air space at the front due to no foundation ventilation.Damage- the front sill and sub floor, the center beam, damage under some old plumbing at the rear center; tube scarring on numerous floor joists.

You can use mailing lists, brokers, go to networking events and establish relationship with other investors, brokers, insurance agents, attorneys, property owners, etc...

At one point the mortgage company wanted to know why my name was not on the insurance policy for the homes (it was in the name of my LLC), and at that point I spoke with my insurance agent who added my name back to the policy along with the name of the LLC.Best of Luck.