Make sure to maintain a cash reserve (3-6 months of expenses) to handle unexpected repairs or vacancies.It’s smart to consider the “what-ifs,” but don’t let them hold you back.

Brett, can you add to this DST "trust account", ie if I sell multiple properties in 2-4 transactions, can they be maintained in the same trust?

@Dan Thomas, sorry you are going through this , i think supplemetal insurance is key , I use superhog & so far reasonable & respond fairly quickly 

You need to maintain a fund to handle those unforeseen expenses

The key takeaway was timing...selling each property in a way that allowed him to hit the 45-day identification period without rushing into a subpar deal.In your case, with SFHs in Jacksonville and Ocala plus that duplex in Port Charlotte, I’d look at where each market stands right now and figure out if there’s a single buyer who’ll pay close to fair value for the whole set or if you might do better by splitting them up.

You should ensure the property is inspected regularly, maintain climate control to manage moisture and temperature, and address small issues like leaks or cracks early to prevent costly repairs.

The coverage limits are as follows:$200k -> Dwelling Premises Liability -> $300,000 per occurrence Medical Payments $500 per person / $25,000 per occurrence Additional Living Costs And Fair Rental Value -> $19,000 Loss Assessment Coverage -> $1,000 Ordinance or Law -> $20,000 or 10% Water Damage Limitation -> 10% ($20,000) Deductibles All Other Perils -> $2,500 Limited Theft Coverage -> $2,500 Water Damage Deductible -> $5,000

Fairly New Real Estate investor with a 3 home portfolio.  

To thrive in real estate investing, you must maintain a firm grip on your finances.

Need some advice on the best way to structure this deal that's fair and beneficial for a 3 person LLC/partnership agreement.