Hi @Curtis Osawey Welcome to the REI world!!!

Hi Michelle,Keeping tenants' security deposits in a separate savings account at an online bank is a common practice and is generally recommended.

Hi @Briley RoeNice to hear that you made the first step in investing.Looking at the deals, I would need more information, but per the data that you have, the Cap Rate is within a good acceptable amount.Cash on cash is low, but depending on the area that you are the appreciation will catch up.

Quote from @Qais Attarwala: Hi everyone, Just wanted to start out by saying thank you to everyone in this really supportive community.

Hi Shay in Atlanta, Georgia-You are planning to renovate an unfinished basement, close up a carport/renovate into a living space, and convert a closed garage into a living space and wonder if you need to obtain permits.It looks like you are planning to live in the property and rent out rooms to others or house hack.I would always get permits for the following reasons.1.

Hi @Lexi Blocksom, welcome to the BP Forum!

Hi, We bought a 6 unit multi family.

Hi Brian, thank you for your input.

Hi everyone,I'm relatively new to this platform and want introduce myself.

Quote from @John O'Leary: Hi Joe,We’ve worked with several PadSplit investors to secure financing, and while these properties cash flow really really well, they do come with challenges—tenant turnover/issues and being the biggest ones.One hurdle we’ve seen is that getting financing can be tricky since PadSplit rentals are still considered non-conforming by most lenders.