@Robert Herrera Ok got it, so I understand why separate LLC for rentals but flips is it so if there is an accident and someone gets hurt like a worker during the renovation they can go after the LLC not our personal assets?

I believe it was an accident, though! 

So any unexpected expenses would be covered there. 

Of course I've had unexpected expenses along the way which have hurt cash flow for short periods of time (you can't avoid that type of stuff).So in the end, figure out what you need to cash flow monthly and just jump in (when you're comfortable). 

I have few follow up questions –On insurance – I will confirm that they have insurance in case they screw something up accidently on the site then the damages are covered.

What's important is to expect the unexpected. 

Laminate is a excellent floor as well but is a little sensitive to water like a fog accidents in the same area and walking in with snow covered shoes.

When I found BP (by accident) I immediately began using the Forum Search feature.

Do you not keep a certain amount of reserves on-hand at all times for unexpected repairs? 

Our PM usually has someone moving in within days of the prior tenant moving out, unless there are unexpected time-consuming repairs that are necessitated by the tenant's damage.