Quote from @Chas Lumley: Hey all,I'm looking to make an offer on my first rental this week and was wanting to get different inputs on LLC vs Umbrella policies.I will be using a conventional loan and I was told by my loan officer that I can not buy the property under an LLC, but I could transfer to an LLC after acquiring. 

We had a few hiccups with the timing of contractors on site and it lead to a 4 to 6 week delay.

Hi all,I'm new to investing and saw a 4-unit property this week.   

I noticed you have a broken recliner and several bags/boxes of trash in the back yard for several weeks.

I see two that sold there in last 6 months - one was a 2 bed, 2,500 sq ft cabin that sold for 885k last week.

Every bedroom with exception of the $1095 one got rented the first week.

Other additional expenses include smart locks for all rooms once a week house keeping and furniture.

Excited to see your weekly updates! 

We are closing on our first South Bend rental property next week, as our local market opportunities have become non-existant unfortunately.  

Not sure what the process is like there but compared to NY, it is a faster process.We just toured an occupied 4-family in NY today with a client and the eviction process for those tenants commenced not long ago (within the last couple of weeks).