Steps to takeReview the contract: Understand the terms of the agreement, including the notice period and any termination fees.

I did minor improvements to both of those, but unfortunately had to replace the roof on each (Flat roofs suck, lesson learned).

Brokers and attorneys often prioritize closing deals quickly to collect their fees and move on, which doesn’t always align with your goals.

Closing CostsMake sure you also budget for closing costs, which are a collection of fees and payments made to the various parties involved in your transaction.

I have written about it before in long past. 2) Yes, no PM and no tenant placement fee consideration.

Seems like you're just a marketer working on a contract basis (not that I'm defending the program or even saying it's legitimate).in CA you for sure need one of three things if your going to be doing loans for others.RE Brokers license like myself Its how I ran my HML company for years in Oakland CA. we had a 50 million dollar book.Consumer finance license.Or MLO with NMLS registrationOne of those 3 if your going to make fee's brokering loans..

I'm not satisfied with not filing the rental in an LLC simply because it's more simple and might cost me an additional filing fee .

However, there are also some downsides to consider, such as higher fees/interest rate.

We already paid them a pretty sizeable entry fee ($30k) to cover some of their equity and debt in another project.

Separate accounts per property incurs a lot of overhead, such as minimum balances or fees for missing the minimum.I use separate accounts for each tenant's security deposits.