I made the transition to midterm rentals and it was the best decision I ever made.

I am Abigail and I am looking to become a creative real estate investor in the Central IL area.

Maintenance and repairs typically range from 5-7% of rental income, compared to the standard 10%, as new builds have fewer immediate issues.

Or to live off the cash flow?

So the Developer has less into their lots than another development were the infrastructure is in the construction loan and is paid off when the lot sells.. so its a win for the developer if they can sell the homes for the same price as other developments that do not have this bond attached to each lot..

If we don't go the LLC route for now and just make a general partnership, will we have to register the partnership also in both Ohio and California?

Thank you for the suggestion.  

Any special caveats to include/exclude in the insurance coverage as its a rental property?

Incorporating a value add strategy to your house hack has the potential to move you quickly from one property to the next.    

As the market changes, I'll have to adjust my offer accordingly.