Persons with a criminal record are not a protected class.

Also, maintenance costs are almost non-existent in the first few years as very little (generally) goes wrong in the first 5 years or so.

Are you brand new to real estate or just jumping into commercial for the first time?

@Ned Carey I was reading the first 2 paragraphs in your post and was thinking that I should mention the NutriBullet to you - and there it is...in your 3rd paragraph ;-).I bought mine about 2 weeks ago and I love it!

Hi All,Ive recently bough my first home in the state of florida.

I'm working on my first offer that asks for seller financing.

I funded my first five acquisitions through a 1031 exchange that I partitioned into chunks to place the 20% down for a DSCR loan on each.

So long as each LLC does not own more than two residential dwelling properties, or more than four dwelling units total, the LLC may require two month’s rent as security deposit.Although elsewhere I have expressed the opinion that placing each rental unit into its own LLC is maybe not necessary for limiting liability, if an investor is subject to the new security deposit limitations, the idea of limiting the number of dwelling units in any LLC to four rental units, now has an added benefit of allowing the LLC to require higher security deposits.Below is the pertinent portion of the statute:(4) (A) Notwithstanding paragraph (1), a landlord may not demand or receive security, however denominated, in an amount or value in excess of an amount equal to two months’ rent, in addition to any rent for the first month paid on or before initial occupancy if the landlord meets both of the following requirements:(i) The landlord is a natural person or a limited liability company in which all members are natural persons.

The first of course being ability to repay (which borrower should qualify for in this instance since their payment is going down), but more importantly is the loan to value. 

What Neighborhood => Property Class?