ABC kept the first two and half months of rent from the rental guarantee for tenant placement fees and utilities (water, electric).

I manage properties where I live and one bad month, one eviction, one water heater goes out, you could be upside down on cash flow for months and I am thousands of miles away so I have to trust their "Trusted Property Manager"Sorry for the long rant, the question I have is what about Tennessee?

The catch... apparently he is pretty squirrely and hesitant with lending to new guys (understandable) so he requires the veteran (the flipper i recently met) to co-sign.

@Michael MaloneyYou could explain that moving into a different unit would not only require first last and security but also a credit and background check.

Unfortunately, There was a lot of water damage, and I relocated the tenant to a hotel.

Professional install and removal required.

Hey Lance, it appears you are correct however partnerships would then have to withhold under partnership holding requirements on ECTI correct?

@Matthew Paul my first broker required all new agents to be in the office cold calling FSBO, expired listings, and preferred farm area for several hours x times a week.

If you want to go the OOS multifamily route, it will require a little more work, but you can scale pretty quick when investing in the right markets. 

However, I have some concerns about the potential costs involved in mold remediation, especially if it requires tearing up drywall.I'm considering whether I should inform my insurance company to see if they can cover the damage.