If not, that work will likely come due later if it wasn't done in compliance or off of YouTube.Flipping right now is very hard, and much harder as a first-timer trying to DIY it with low inventory.

Hello,First time poster and fairly new to real estate investing.

First of all, you're doing great!

However, if the lock issue was caused by misuse or accidental damage on the tenant’s part, then the tenant might be responsible for the expense.It’s always best to review the lease agreement first to see if there’s specific language about repairs or locksmith services.

@Raul Mena There’s really no need for an LLC at this time, but landlord insurance and/or an umbrella insurance policy may be a good idea to give you extra protection because of those other people living in your home.

It is a first-time dive into the rental space, as it is a starter home my wife and I purchased and have been fortunate to be in a place that we don't particularly need to sell.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

-I agree, best time to talk about it is after getting 12 months of data, then come back with a step by step approach that shows the actual value of the property.  

As rents and home prices rise, long-time residents are being squeezed out.Worcester is increasingly becoming a bedroom community for towns like Marlborough, Hudson, Natick, and Framingham, as those areas become more expensive.

I’m willing to offer stakes in my assignments etc, in exchange for some help in starting out and acquiring my first deal.