This tenant is extremely high maintenance and everything is a “health issue” because she has bad allergies she says but she has two cats and her apartment is a mess with cat pee and vomit everywhere.

They find a homeowner who then pays a mortgage to the investor at 12-15%  Property is owned in a land trust.

And since we refer a lot of the work to these smaller contractors, we can figure out a solution for any issues or additional scope of work that pop up.I would try to find a good GC that already worked on several projects with a fellow investor that you trust.

Have been reading that a solo IRA would be a better vehicle for purchasing property as the property can be leveraged with a non recourse loan and not have to pay tax on the gains associated with the loan portion at the “trust” tax rates.

We live in Florida but I am from Philadelphia and find the houses are extremely cheaper than the ones in Florida. 

Trust me, I would rather have all the tenants pay on time.

But, for me, it would have to be an extremely close family member who had some kind of permanent issue for me to subsidize them like that long-term.

Give it some time and them move to another market if the first one doesn't prove promising, rather than focus on several at once.I've managed to network via friends, friends of friends, or work acquaintances into a trusted realtor in my chosen market who could jump start things. 

Umbrellas are available from nearly every insurance agency and are extremely common for investors.On the commercial side, refinancing is more difficult and costly so the BRRR really works best with residential loans.

I might be thinking to much into it but I’m not sure if I trust the potiential of the tenants and their ability to pay.