Your attorney will most likely have you set up an LLC operating company that is the Member off the LLC that will hold title to the property.If your going out of state you may as well go bigger if you can.

While you are spending all of this time creating your Estimate, you may as well use this data to help you create a detailed Scope of Work that can be given to your Contractors.The Rehab Estimating software you choose should have the ability to use your estimate data for generating a detailed Scope of Work that can be given to your contractors.#5 Ability to Create Estimate Reports & SOW ReportsWhen you get done with your Estimate you need the ability to share your Estimate or Scope of Work data with your Business Partners, Lenders & Contractors in a printer friendly report.The Rehab Estimating software you choose should be able to use your estimate data to generate Investment Reports, Estimate Reports & Scope of Work Reports in a printable or shareable format.#6 Ability to Track Actual Expenses Against Your BudgetA solid rehab estimate is worthless if you don't effectively manage your budget and control costs.Once you get a property under contract it's important to track your actual repair expenses against your initial repair budget to forecast your project's profitability.Without a project budget in-place and a system to track your expenses you will have no idea if you are over or under budget on the project.

Thanks for the replies @Maya Roberts, @CJ M., @Kenny Dahill and @Cassi Justiz!

@Maya Roberts the monthly rent is $900 month, they charge me $900 and then 8.5% monthly, so the $900 that they are charging me upfront takes another 8.3% of the monthly rent so it totals 16.8% month 

The ONLY time they should ever open up is to prevent your enormous tank of water from becoming a missile, and if that’s the case, then there’s safety concerns and you may as well just replace the tank rather than try to milk it for a while longer.

Originally posted by @Maya Patterson:Hello hello!!

@Maya Patterson good luck to you! 

It may not be now, it may not be with this couple, but you will eventually have a roommate situation where one of them wants to leave so you may as well develop a plan right now.If both tenants want to leave, you can do one of three things:Let them go with a penalty;Let them go but hold them financially responsible until someone else takes over;Let them go without penalty.I prefer option #1 because it allows them to leave without anything negative hanging over their heads and it usually puts more money in my pocket.

I may as well go try my luck in the casinos, and blow it there.

If you hire the cheapest bidder you will likely end up paying twice for it, so may as well just go with someone qualified.