So, should we create LLC and get the loan in the name of LLC or should we take the loan individually.Should we have umbrella insurance to protect ourselves?

They use a list of 10000 contacts (they did skip tracing, I ordered high equity/absentee owner list).

After 99 Cents Only filed for bankruptcy in April 2024, 28 stores in Phoenix closed, leaving 632,900 square feet of prime retail space available.

Sometimes large employers will rent furnished apartments for their employees coming to town on a regular basis.Also, if you believe strongly in the appreciation of the house, how bad would the negative cash flow be if you did long term rental? 

Hello @Luis Herna,In this scenario, the buyer should provide the EMD (Earnest Money Deposit), as they’re the one ultimately purchasing the property.

But I draw the line when there is risk of damage to the property, annoyance to the neighbors, health concerns, pests, etc.

Supposedly the second lien holder is a credit card debt collector, they were listed as the defendant in the foreclosure case.

For those of you who’ve been in the short-term rental game for a while, what’s one lesson you wish you’d learned sooner?

And if the yard space was part of the lease I guess it makes sense to reduce the rent a little.

At some (undetermined) number of doors, we'd likely start to use some cashflow to pay down the smallest loan.