Hitting the ground running with my first post.Just started here with DP and my first order of business while I am learning all I can is:I have purchased my first property to rehab and rent.I need a financial input to carry me through the rehab and a tenant is found.The nitty- I paid cash for the property on a bank repo. 50k on a 75k valuation                  I am performing the rehab my self. apx 20k on a 95+k valuation                  Property is on one of most desirable streets with best view.

What if you carry a note for a property where the owner has stopped paying property taxes?  

=================================Property Value: $2,000,000Down payment and Carrying Cost: $535,000 (25% down plus carrying cost for closing etc.)Repair Cost: $100,000Investment period: 3 YearsSales Price: $2,300,000Sales Carrying Cost: $125,000 (sales commission to broker 4%, final water/electric/gas/other bills, any other charges)After three-year mortgage balance: $1,500,000 - $265,000 (principal that are paid off in three years) = $1,235,000Rental income total at 7% of down payment: $105,000 Total Proceeds: $2,300,000 - $1,235,000 - $125,000 = $940,00065% of proceeds: ($105,000 + $940,000) * .80 = $836,000Total investment: $635,000Percentage on return: ($836,000 - $635,000) / (3 * $635,000) = 10.55%===================================

Acquisition costs, rehab costs, carrying costs, selling costs, etc.).

One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

I have read recently identity thefts are carried out by advertising non-existent rentals and asking people for info on the pretext of vetting them.

One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

They are promotional companies whose primary operation is connecting investors to Turnkey companies who will carry the freight they expect to be paid per buyer per transaction. 

For indoor spraying, particularly, consider the extra masking work needed to protect everything that you aren't painting.Many years ago, I had a Wagner "Power Painter" with a backpack for carrying paint on a ladder.