It’s a bad day when the hedge fund reps show up as their initial bid will be 95% of market value.

You can make it clear to the tenants that they will be held responsible for excess damage or waste caused by the animal,  just as if they themselves did it.While you need to be careful to avoid a claim of retailation,   maybe schedule the next couple rent increases to be a couple percent more than you otherwise would,  and bank those funds towards expected greater turnover costs.  

Do you already have your funding situated to have a GC come on property visits with you? 

If it's basic day to day items, and if you don't store tons of photos / videos on it, anything with 8GB of ram would be sufficient in today's market.

So for the short term, you need to keep enough funds to protect for any negative cash flow you may encounter up front.  

GroundBreaker - https://www.groundbreaker.co/ -Real Estate Fundraising and Investor Management Software PatchofLand - https://patchofland.com/ - matches accredited and institutional investors seeking high-yield, short-term, asset-collateralized investments to borrowers seeking more timely and consistent sources of funding for rehabbing properties across America.

The 2nd negative can be prevented, if you buy in a community that contributes to their reserves, and has a fully funded reserve schedule.The positives are: you have less to manage.

Hi all,I am closing in on a deal and will be using my fiancee's HELOC (she owns the current property we live in) to fund the entire purchase, no loan will be used.

Rhett Z Begley 1) Speak with an attorney regarding entity formation and asset protection. 2) Once you have that figured out, open a separate bank account. 3) Be very careful not to co-mingle personal and business funds. 4) Keep great books and records.

We also have a construction manager who will be providing GC services free of charge for the actual rehab part of the job (our monetary investment to fund all construction costs, he will be providing general labor and management).