Regardless, it speaks to him being a high maintenance person I don't want to rent to.

Personally, we're okay with properties that cashflow decently, but have long term appreciation upside too.

I haven't personally gone myself, but plan to soon.

i want to keep the group small. not like industry scale crowdfunding.if I can find a property which has okay cashflow (which is hard anyways). and can collect around 10/20 people who wants to invest some cash each.I build a company to own the property and give each person a share. and give yearly dividend to each, until sold.

Usually contractors in Philadelphia will carry commercial general liability coverage which covers property damage, bodily injury & personal injury.

You buy because its a "deal" not because you like it yourself personally. 2.

I tried self managing my first year, it didn't work out great as I rushed and rented to the first person I found.

A queen bed is 5'x6.5' which wouldn't leave much room for a person to walk on either side, a night stand or a dresser.

Recommend only one person notifies him and not two.  

Personally, with one of the rates that I have on a different duplex - I would consider doing a refi if rates dropped 2 points because I know I'd be cashflow positive and could hit the LTV with updates that I've done to it over the past 6 months