Quote from @John Keane: @Jay HinrichsGot it, I will definitely re-evaluate my profit split structure after what I have learned here. 

I’m here to connect with like-minded individuals, exchange ideas, and continue learning from this incredible community.

Following Up + More details: @carolineOur utilities were also opened using an LLC but since the power had actually been shut off the problem mostly came from ICE sending someone out to turn it back on plus installing a new style meter (which had to be approved by our HOA but that was another matter entirely and not particularly difficult).Opening a bank account with BCR as an individual is easy and you can get an atm card in about 3 days but you will be limited to holding only a thousand dollars in it.

I’m also a big believer in giving back, so I hope to contribute to this community as well.Looking forward to learning and connecting with you all!

Quote from @Brendan Jones: I am very new to learning about real estate and am looking for advice on my first home and how I can best use it to help offset my mortgage and generate cash flow.

If there is one thing I have learned, is nobody is going to charge you a fee to learn to get rich lol.

So far I got only individuals with a rent limit of 1200-1600is it  common to let  2 - 3 individuals who don't know each other rent the house?

I recommend learning your states laws and limitations around LLC's and working with some professionals in your area to help you determine your risk tolerance 

My focus is on identifying value-add opportunities and managing properties to maximize cash flow and ROI.I’m here to connect with like-minded investors, share insights, and learn from others in this amazing community.

Looking to either sell individually or as a package to an investor.