I am worried about leaving that much cash in the deal, but I am not comfortable with a large BRRRR project for my first one.Here are the new numbers, do I look to be missing anything?

The first thing I would recommend is that you choose your criteria meaning what class of neighborhood you are most comfortable with.

If I were in your shoes, I think a factor would be how good a deal you're getting.

The former is might go with just two or three LLC and the latter each would have their own LLC.Not to be negative, but you should do what you are comfortable and what you need.

If you're comfortable with the long term play, have some long term hold experience and are confident/comfortable in these questions, I would continue with your plan to hold and rent.

It all depends how comfortable you are.

I mean, you feel comfortable telling them not to have guests over and not to use the internet, so you should feel comfortable discussing their individual situation if they come to you and state they cannot pay the full rent this month.

I know they've already reached out to family and they have now confirmed they will help if needed, so it feels comforting there is a plan b, but I was willing to step in if that wasn't the case.

Because there is more than one exit strategy I feel comfortable moving forward with the deal regardless of the market however my first option would be to flip these homes to a residential buyer and move the capital into larger deals.

Rentometer Zillow, realtor, redfin etc Agents Property Mangers Craigslist Local Listing Local facebook groups If you want to know what tenants are paying, then “be a tenant” put yourself in the Tenant’s shoe and look for a place to rent to see what everyone else is paying and offering.