This allows me to be able to check on it and deal with any issues that may arise face to face.

We are more focused on Clark/Champaign counties, at the moment, but may be looking to buy farther out if the right opportunity arises. 

I guarantee many more questions are going to arise as you dig into it.

I'm especially interested in BRRRR investing as it seems to yield the best ROI if its done successfully and doesn't tie up a lot of my cash, thus preventing me from pursuing other deals should they arise. 

I don't think Josh needs to worry about litigation arising from anything others say.Slander is a tough claim to make, there are several tests and points that need to be proven, like damages and I'm not concerned about it with anything I say.

The LLC does cover such items as legal fees for foreclosures, servicing costs, and other costs that arise from the process.

@Ronda Gerry,Yes - anytime a need arises to make major improvements to the common areas, the HOA can seek a "special assessment".

Since there is no mortgage on the property, we have been attempting to apply for financing using equity from the home in order to reimburse ourselves for personal funds used to take care of the tax lien as well has have an open line of credit to use for repairs on the home should they arise. 

As soon as one of those arises, roof, HVAC, windows, siding, driveway, you are at a loss.My opinion, and take it with a grain of salt, is to sell, take the cash you get back, and invest in a better deal somewhere else...Good luck!

We agreed and a month before the year was up we told her we would exercise the option in 30 days.She called us and said she had changed her mind and decided not to sell due to a rising market and wanted to sell at the new value.