If you plan to clean this thing yourself you'll never make it.

I absolutely collected first, last and security for my class-C rentals until NYS prohibited that practice back in 2019.Many tenants cannot manage their money properly, so this mitigates the issue of not being paid last month's rent when they need to move and the new landlord is receiving those funds they have allocated for their housing during the last month of their stay.This was also helpful to me to pre-screen who has their financial house in order and had saved for their moving costs as part of their planning.If I still could, I most definitely would - without exception.

They send money to title company at closing.

It is important to have the right but knowledgeable/experienced team in place. 

First off, I want to say how much I appreciate this amazing community.

Needs electrical, plumping, windows, etc What made you interested in investing in this type of deal?

I’m Christy Kieschnick & I’m looking to start my journey in investing real estate.

Either way, you came to a great place to get a ton of information and to make connections.

I can't think of a reason in this scenario that would align GP's objectives with that of an LP. 

The original plan was to use the equity to build in a few years, but we were blessed with triplets so things got a lot tighter.