Then they start lending, but only on deals and borrowers they have fully vetted and only with proper forms documents and procedure.Sometimes our passive investors stay to learn from the speaker, and I have found that our more successful passive lenders do stay.

While I haven’t gotten anything under contract yet, I’ve managed to land a handful of leads on currently occupied rentals in Detroit proper, Iowa, Indiana and Pennsylvania.

InsuranceWe need to insure on the LLC's name or in our name - depending on what we decide on the title.Should I seek products tailored to short-rentals like Foremost or Proper through Lloyd's of London?

If you buy while still in San Diego then you still have the chance to take care of this and that and get proper management in place.

These complexes have full amenities, pool, jacuzzi, weight room and etc.

If they are new to the game then dig deeper into their property management background and see if it passes the smell test.As for questions, the basic business stuff like insurance, are they properly licensed, have a company formed properly, their rates, the timeline to do repairs, their experience with collecting rent from tenants like yours, etc.

Part of being successful in that business is learning how to properly estimate rehab costs and exit values.

Hi all, I'm based in the Los Angeles & Orange County, CA area and am interested in flipping homes.I have one quasi-BRRRR deal under my belt.About me:-Former Fortune 50 Commercial Real Estate Banker, specializing in distressed assets (restructuring/modifying notes, pursuing guarantors, foreclosing on assets)-Varying degree of experience in legal remedies (mediation, arbitration, bankruptcy etc.) with inside/outside counsel-$500,000,000+ RE transaction experience from west coast thru the mid-west-USC Business School Alum w/concentration in Real Estate Finance & Development-Licensed REALTOR in CA-Hands-on experience rehabbing real estate (full kitchen rehab, flooring, painting, spraying texture, removing load-bearing walls, bathroom rehab - have pictures from BRRRR project)[QUESTION] What is the proper approach to seeking a local mentor/partner on BP?

The situation is slightly more complicated but manageable with the proper tools and resources. 

I think the landlord is being more than fair here, by rehoming them in another unit so proper repairs can be made when them out of harm's way.