Here's why this happens:The ARR is simply the average of the annual returns, without considering the actual capital invested or how much money is lost or gained over time.

Thank you for taking the time to respond!

They've been fabulous from the very beginning, responsive, polite, paid their first month's rent and deposit early, etc.

Does it make sense to buy the property first and then move everything over to the LLC or have it all set up first (foreign entity in CA) before buying the property(ies)?

Hey Folks, Renting my first ever property via zillow rental tool, just within 1 hour of posting I got an applicant.

They can ask you to serve notice so one unit (or both) are vacant at the time of possession, but if you agree to that make sure you have a large deposit and some of that is not refundable if the buyer backs out as you will need it to cover the lost rent.

Its possible underwriting might balk at a nonconforming unit because in theory it could be shut down at any time and that income could evaporate. 4.

that is always the first questions- if they have more time than money, then a rehab project... if they have more money than time... then I would recommend a turnkey property and get them 2 nice properties out of state. 

@Freeman Schultz I typically buy what fits in the space first and then the unit that is on sale and has the best value after that.

Hello Chris, When you find the time please reach out to me.