Another thing that helps maximize the strategy is the amount of cash inflows a person has each month or the amount of inflows because on a revolving line the interest is calculated daily or on an average daily balance like what  depending on the LOC (line of credit).on the All in One or AIO loan from CMG the interest is calculated daily and swept or added to your balance at 12AM each day so all your paychecks, rental checks from rentals, or stock dividends, distributions from your business, or etc can be used to lower your balance by 12AM each day and lower your total interest costs.Most HELOC's or lines of credit calculate interest on the average daily balance which is like all balances within the last 30 days divided by 30 which is not as efficient as the AIO's daily sweep but close.The third method of interest calculation is the 30 year fixed which amortizes or calc's interest every 30 days or month so extra principal paid into this loan after the 1st of the month doesnt lower the incremental interest on the reduced balance till next month.

God I wish I had bought some then... had no idea how creative I could have gotten.Just keep rolling the way you are, and you’ll have more deals than you can handle, especially with a good full time job’s income to work with.As always, if you’re unsure of your skill at negotiating, etc, find a good partner you trust, preferably with some good experience, like a (good) realtor or contractor, who have value to add and learn from them.  

If someone wants to sue you the llc will not stop them...unless it is setup, funded, handled, managed perfectly.

I doubt it matters whether you do this before or after the painting process although it will likely assist in reducing that “new paint job smell”.  

You'll pay a .25 point hit on the rate because they are collatorilized against investment properties, but then you'll potentially reduce the impact on your family if things go bad.Hope that helps!

I'm looking for general remodel work for an investment property so need someone who can handle all trades.Thanks!

Eventually he convinced the bank to reduce by 50% and I still low balled them.

This might have something to do with Freddie requiring their new 5 year rule to reduce their exposure.

That said, I want to be as practical as possible to reduce work between tenants, but I also want to attract and keep good tenants.  

I seem to recall there was stuff like a 24 hour on site manager required at all complexes (crazy and would put most small folks out of business) and a no income source rule that would force all but the higher end rentals into Section 8 whether they even understood it or were aiming for it (classic big penalty, stigma and lawsuit for violations).....I mentioned the small time folks may not all be interested in Section 8 or set up to participate and handle that market.Oddly, the assembly's goal was more housing, better managed housing, more affordable housing.