You can buy for cash flow and like anywhere have to be discerning about the location,d the developer and the rules around short term rentals.

I purchased a SFH as an investment property -  I’m reading here  there some CUs and banks who will allow a 80% heloc (in order to get cash for another investment ) .

Allstate and State Farm in Illinois lately have been huge a**holes as far as providing coverage when a loss occurs.

@Jason ColemanUnless you find a cost segregation provider in Greensboro, travel costs will be involved.

If you have the mortgage in you name, would the LLC provide any protection against a lawsuit?

I’d scrutinize this one if he provides any license info eventually - every legitimate contractor I’ve ever dealt with knows the above *requirement* well.

And make sure you have enough cash to bring the 1st current should it go into default.

They provide a necessary service and handle the hassle of scheduling directly with your tenants.

Keep saving your cash.

Part of my business was providing loan servicing for seller financed transactions and this type of intervention between a borrower and seller, I would have to say, was more than welcomed by underlying mortgage holders (banks).