the second is my "after-tax" LLC, and i have currently purchased three properties and am about to finance them all into one loan with my newly minted portfolio manager. they are all much like the properties purchased in the first LLC...35-45K, foreclosures, each needs 0-5K basic rehab, and each rents for 750-800/month.  

I'm gonna be launching one of these threads every couple weeks.

Much of this is also regional in nature Nobody would believe a port-a-crapper salesman who insisted you could successfully launch and run a port-a-crapper empire ten states over and never smell crap.

The newly acquired properties are essentially no money down.

They left you a mess in the first property and you wanted them in a newly renovated place? 

If rent is $1600, then 10% for PM, some percentage for cap-ex, vacancy and repairs (since its newly rehabbed maybe 15% for all that), that gives you barely $200 cash flow?

if he falls down from that bucket onto your newly delivered cabinets and break his leg…I am excluded myself from my WC but that fact is not listed on my accord form… Lessons learned: you want to rehab houses ?

The Poconos Association of Vacation Rental Owners has launched with a mission to represent and advance the interests of vacation rental owners in the Poconos and advocate for practical short-term rental regulation; while providing members with the educational, networking, and resources they need to run responsible and profitable businesses.

So he “sold” his existing business (leases and furniture) to other arbitragers to cover his expenses, shifted his furniture to several newly rented units and spent several months re-creating his business using HomeAway/VRBO, Facebook, etc.

We're getting ready to officially launch it soon.