I would never ever let tenants go alone.. risk of theft and getting your property stripped or worse sqauatter is just far to great.

Your income isn't high enough for it to make sense as a rental and the closer you get to your residence limit the greater pressure you will have to sell it before losing your exclusion in whole or part. 500k right now can make $15k per year income with zero maintenance or tenant risks. 

Lenders often have strict policies when a property is in a FEMA-designated disaster area to protect their risk, even if the property isn’t directly impacted.

Plenty of people are happy they took those kinds of risks.

I’d just learn for free from others on here, or read books and listen to podcasts.

Check out FilePlace (linked at the bottom of every page) for free user-created resources.🛠 Tech issues?

Have you found that certain property types or markets tend to have more eviction risk regardless of screening?

@Kelly Taylor who doesn’t like tax free atm withdrawals?  

Feel free to reach out if you ever have any questions Best of luck on your journey!

Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.