The key is to secure financing options before finding a property, ensuring you have enough funds to move quickly when a great deal arises. 

Breezeway allows us to easily organize all photos by room and generate a downloadable document for reference.Once a tenant moves out, we follow the same process to document the property's condition and determine if any amount needs to be withheld from the security deposit.Additionally, we require new tenants to complete and return a move-in inspection document within 3 days of moving in.

Permitting also secures compliance and avoids fines, which can be significant in LA.This post does not create a CPA-Client relationship.

Flipping is probably a little more intense, but can still be done with a day job, but again, my average flip versus my average rental: flip has made much better returns.And as for generational wealth and handing down something to your kids... well, I guess I view it as: if I can hand my kids a $10mm trust fund held in public securities, or $10mm real estate portfolio, they are going to be pretty set either way, but a real estate portfolio will continually have costs and work, a brokerage account is a bit more set and forget, with some periodic rebalancing.

Be aware of state usury laws and consider collateralizing the loan for security.

What’s the best way to secure a deal, and not encounter with another wholesaler going after the same property.

It's on sale right now for Cyber Monday too!

Additionally, are you recommending that we should prioritize taking action and securing properties that align with our long-term investment strategy?

Did you receive security deposits with interest and pro rata rent for the month at settlement?

How are they coming up with a security deposit and a months rent and moving costs for a new apartment?