Ensure all smoke detectors are accounted for and have a working battery.

I appreciate the confirmation that I use my docs, my vendors to ensure the safety of my principle and the accuracy of the numbers in the deal (appraisal, rehab, ARV). 

This isn't a "woe is me post" but I'm trying to figure out the most efficient way to do walkthroughs of properties with my sellers.

See if it works with you paying the difference while living there and ensure it works once both sides are rented.

Caution.These are very valid points and the reason I stated above to check in with the city and the foundation repair company to ensure a proper explanation and that the repairs were done first rate and not some secondary solution. 

This gives the PM time to deduct any expenses (repairs) and ensure the payment from the tenant clears.

If I were to I'd do a 95+ efficient unit.

I felt bad for the partner that got scammed and wanted to ensure there was enough money from the sale to pay me off and be done with it. 

They do not provide meaningful oversight or guidance with respect to tax code compliance.A checkbook IRA LLC is an enhancement on the above structure that is generally more time and cost efficient for investors with a more diverse portfolio.

Another thing to consider is that when you buy a house, typically you don't just move in and everything is hunky dory.You have moving costs, and in every new place most homeowners spend time sprucing up to their tastes/desires, even if its minor cosmetics or furniture.Add to those costs the need to ensure your rental unit(s) are in the same boat.