It has recovered nicely but that is something that may happen again.Note that the S&P500 in the past two years has been about 15% IRR so this is great for diversification and it may keep pace with the market in the long run but true full diversification is also important.Bottom line, as far as I am concerned, I would give a green light to Fundrise with the caveat of a reocmmendation to diversifying between multiple offerings (I like wide diversification for safety).

Glad you have a mentor and that you plan to buy a deal where you have multiple exit strategies.

Multiple that by what ever percentage you think will cover vacancy, CapEx, repairs.

To name few features, you can connect your bank & credit card account(s) to QBO to automatically download the transactions daily, set up rules for any recurring charges, setup recurring transactions (ie invoices to tenants), sent out reminder (individual or batch), accept online payments (cc & bank) which can be tenant or landlord initiated, track multiple income sources (ie. flip, rental, wholesale), track individual properties, charge tenants for reimbursable expenses, track 1099 contractors (and e-file tax forms), and create a budget.

I am not a CPA, but I read about this intensively to better understand what the rules are and got confirmation by multiple CPA's, including some on BP podcasts

I am currently looking at purchasing a property that is located on a 4 acre lot. The house is located in the front of the lot with nearly 3 acres behind it. After walking the property I thought I may be able to purcha...

For any kind of investing that will be time sensitive, involve multiple assets, or assets that generate a lot of transaction activity, these checkbook plans will be much more efficient and effective in terms of time, paperwork and expense.As I noted, there are several quality providers of both types of services here on BP.

This house is under contract with multiple people it sounds like.

Have you reached out to local PD to confirm that there are not multiple issues at this location?

I have the occasional one that leaves after 1 year but if your goal is to buy rentals then the more you get the placement fee will become less critical as the whole portfolio will average out most tenants staying for multiple years.