It is my understanding that the LLC and DSCR loan being in the LLC still protect us if we were to get into any type of litigation with renters but wanted to open it up and see if there are any watch outs I am not aware of?

Quote from @David Robert: Quote from @Jaycee Greene: Quote from @David Robert: I recently became aware of a very cheap property (roughly half of after repair value) and upon looking at it in person I found out why it was so cheap: there is severe cigarette damage throughout the 1st floor (basement less so, but not entirely without damage); there is visible dripping tar on every wall and the smell is awful.

You're going to have to go learn about that yourself.The faster you get rid of this bozo the better off the whole system will be.

Still lots of work to do on the house and the “book” I still have to figure out what to do for it (paper/digital/both), and a few more things I probably am not yet aware of … reading on this forum and asking questions sure has helped out a lot.

Wondering if there are any gotchas or anything to be aware of when using this program. 

If they don't pay within the required timeframe, then I auction off the storage unit and wash my hands of it.

They'd also probably be more aware of how much water, gas, or electric they are using when they have to pay the bill after each cycle.  

For your first one don't bite off more then you can chew.

I'm not going to download it for you from my phone.https://www.cccba.org/article/flip-or-flop-disclosure-rules-...I've read many of your posts and am aware that you feel that you can decide when you want a permit or not.

Wasn't aware of Showami.