Lay out your master plan.

Granted, this can be a learning experience about how to harden rentals properly, but it often creates all kinds of nostalgic sentiments that can flare up into conflicts with the tenants.The usual scenario is that the tenants move in, live as tenants do, and the newbie landlords go back in and find delicate stuff, or meaningful stuff, or stuff that they didn't even know was meaningful to them damaged or painted over or disrespected in some way, and then the newbie landlords get in this forum and moan about how tenants just don't respect their landlord's property, and they get ten other newbies commiserating and telling them that yes, yes, yes, they're right, and their tenants are bad, bad, bad...and of course this can lead to all kinds of poor decisions.

@Taylor Campbell @Patrick Mellea - here are some diagrams that might help you further on this quest:Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement: https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when, and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2What is needed for complete asset protection OR the domains that need to be intersected to find asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-spectrum-diagramHow a fully implemented asset protection layout might look. - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-structuresIf you want more details, from an investor perspective, PM me.

I have found the contractors also appreciate doing it that way because they don't have to lay out the money for the materials.

The goal is to find homes that have a similar layout, curb appeal, and interior upgrades you want to go for. then use those price per square feet to calculate your own ARV (try to be as conservative as possible, don't aim for the top of the market).

A- Zoning first.B- Neighborhood needs secondC- Can you split the layout up and have different tenants? 

Could somebody lay out the risks and what to know with purchasing tax liens.

Hi BP Colleagues, I'm working with a few investment partners to lay out an operating structure to support a deal focused on an STR strategy for several properties over a 10 year time frame. 

@Craig Dieterich I have a podcast where I lay out all of the investment zip coeds and tell you why I invest in some areas and why I don't.

He/she should ask you to lay out your short- and long-term goals so he/she can help you construct a plan that will enable you to reach your short-term goals and reap results that will provide resources necessary to pursue and achieve your long-term goals.