Free Advice: Create two LLC's one for flipping and one for your passive as this will prevent domino effect if one aspect fails and make sure you setup proper firewalls to prevent commingling funds. 

We have budgeted a Capex assumption and have solid working year 1 Opex developed with our property manager.But I want to create a Month by month budget for the first year incorporating our construction project timeline (wll be developed during due diligence) and the Expiration schedule on the leases.

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You create systems so you don't have much time needed to manage (even remotely) and you save the PM fee.My tenants pay via Zelle or they deposit into my account at my bank.

Currently I'm saving money to make my first purchase and I feel as though this would be a strong way to network and create relationships.

My concern is that a 'subtenant' situation was being created.

You have to create the deal most of you are looking what is available on the market what I help do is create deals from junk properties to rental beauties which allow my investors attain above average ROI and Cap Rates. 

As such I created The Ultimate Guide to Grading Cleveland Neighborhoods so out of state investors can get a firm grasp on the Cleveland market.Knowing the pros and cons of each type of neighborhood is very important.

Good morning all, Vacation rental owners, how much thought do you put into creating the most relaxing situation possible for your guest?

Once you start to get in the thousands of dollars in security deposit value, you could gain a few extra hundred dollars at the end of the year, and you could keep compounding the earnings into new CDs and eventually a snowball effect will be created.