Pay off debt .

Keep in mind you will probably have a deductable to pay first.

Now, you need to figure out how to find deals and pay for them.

You shouldn't pay any draw until the work is done.

They had exhibited the desire to pay down debt and had cashed out the parks before us that had agreed to owner finance.

Each former member is then free to either do a 1031 on their % interest or take the cash and pay the tax.The opposite manuever was more common until around 15 years ago. 

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

As we all know, you are really paying for the commission in the purchase price. 

Not to mention, the right system will enable your tenants to pay rent online, have a tenant portal, and all the other features that both tenants and owners need this day and age. 

I'd have to look) days before they have to pay and rescreen again. 3) I will keep shouting this from the rooftops: written policies are your friend.