Seting up a sep. account just for rent checks sounds like a good idea.The one gotcha that I cannot stand with having a LLC here in NJ is if you need to evict a tenant and go to court for anything even something as cut and dry and simple as non payment of rent, if you operate as a LLC you MUST be represented by an attorney in NJ vs if it is held in your name you can go to court without an attorney.

It's better to have more left in your pocket than be looking for more cash when a tenant leaves you high and dry.

If it's taking you more than this then you could encounter a situation where all of your lists dry up.

My First MF offer, after learning what I had my valuation on the property had dropped significantly and my first offer was at land value for the 3 quads, I also offered to purchase the ne across the street at land value as well just to get it out of her hair.

Listings have largely dried up, and I joke with my Realtor that he looks thinner than the last time we met.One thing to consider is that this market is largely driven by the baby boomers fulfilling their dreams.

From my understanding it is not uncommon in Texas to have foundation repairs due to the rough, dry soil that can shift (would love perspective from any DFW investors).

If you're doing a heavy repositioning project and you're relying on refinancing as an exit to get your money back and the money of your investors but the market turns south, financing will dry up - and then what?

I do not wish to do anything with drywall as the ceiling already has new dry wall that is only 6 months old.

@Dylan FellowsI've owned 2 duplexes near there -  mine were in Cherry Creek -- so Harry/Rock just a hair south of Harry and E of Rock - virtually same area -- decent area of town - rent is affordable and you're spot on with the rent estimates -- $895-995 would likely be most reasonable - maybe $1100 if you decked out the unit and it was super nice 3/2Anyways one thing to be careful of in that part of town is the basements -- I had one of mine flood a bit due to poor drainage -- that can happen anywhere but there is a lot of clay in that part of town - So look for any bowing walls, stay on top of your drainage and you'll be good - downspouts draining away from the house - bury them if you need to - stay on top of the sump pump, clean the gutters etc  and make sure the ground slopes away from the house.Looking at comparable rentals on Zillow or hotpads or Facebook marketplace is a good place to run your own comps -- I dont use the rent-meter site - I dont trust it - but I guess it can give you an idea.Most of the houses should have had their roofs replaced in that part of town as around 2010 - 2013 or so - somewhere in that time and area various  hail storms and a tornado/windstorm went through.  

View reporthey guys so i have an updated analysis here. basically what we have here is a NMD deal through a VA loan. im currently under contract with the building. inspection was completed where we found we need a new roof, recieved 13,000 credit. although after going much more in depth with this property i am starting to get cold feet and worried about these numbers. i will be moving on from my current 3 unit into this one, as it wont cash-flow with me under the roof is not a big deal, it not cash flowing after i move onto the next one has me pulling my hair out trying to alter these numbers to make this property work.