We return deposits to the individual(s) that paid the deposit unless there is a change in tenancy, in which case we would pay the original tenant the deposit.

We are both very process/system oriented individuals, but as of now, I lack the knowledge to know what kinds of systems I need to build for finding deals.

Bookkeeping is specific to the individual business and business owner’s needs.

My HO-6 adjuster agreed that the work would exceed my individual policy, and that the master policy needed to be looped in.

And when the market turns, they will drop you in a heartbeat and leave you with a mess.If you're going to let someone sublet/sublease your rental for a profit, you should only consider it if you can confirm they are professional and they are willing to share some of the profit and reward you for the increased risk.Personally, I would walk away and stick to your original investment plan.

They might sell a portfolio of non-performing notes.An individual MAY be more inclined to sell at a discount.

Not knowing those areas well is a problem, asking around or checking individual county's website is often slow too.I found that out by checking local county's tax calculator + found properties in the same area that's sold for similar pricing back in 2019 and how much they are taxed in 2020.I had the opposite for Las Vegas, where the numbers were higher than the truth.When you google, "property taxes in xyz" they only mention what an average property tax is in a given area, often that percentage has nothing to do with booming markets and does not indicate anything near what you'd be paying.Anyway, just curious if there's any service where I can just put the zip code and get the real property tax amount/percentage that I would be paying if I purchase a house in that area?

I am also looking to learn about investments, BRRR, flips, etc. so would be great to connect with like minded individuals!

The commercial side of real estate is extremely different than the residential side where you will mainly be working with businesses rather than individuals and yes, the fees are definitely higher.

Here's the response i've gotten from QI: The IRS has issued a Letter Ruling stating an individual can set up a disregarded sole member LLC to own the Replacement Property.