We pay our cleaners by the job as well, but we've had to fire many a housekeeper for poor performance.

When it comes to residential (1-4 units) and small multi-family (5-10) we typically purchase distressed properties and perform a deep energy retrofit, with the result being units which operate 40 - 75% more energy efficient following the retrofit.While this does not necessarily increase the rent we can command, it has proved to decrease our turnover and vacancy - tenants stay longer and, when they leave, we often have word-of-mouth applicants before the unit becomes vacant ... just last month we had 5 inquiries and 3-applicants on a property we had yet to advertise.

But to answer those, I would have to put up a performance and payment bonds from surety agency, not the $12,500 that contractors need to put up when they get the license, what i meant is 100% of the rehab cost, that way, if contractor doesn't perform, you could hire a different contractor and i pay for whatever is rehab cost in the contract. thats an agreement between the owner of the house and contractor.

You would hold title as "So and So Trustee FBO @Brent Mattison "  There are specific rules about comingling funds and performing services on your own property, but worth looking into.

Get all insured, perform good management and let it ride.Now, your future investments you may want an LLC, cross that bridge when you get there.

It's one of my better performers with a great tenant and a great house.

We perform due diligence on each project prior to placing them on the platform. 

The landlord &/or his employees are not allowed to do the move out, it must be performed by the court approved movers. 

So I still must be careful and triple check everything.So basically IMHO newbs can use a calculator, but should understand it... should never base any final decision on it... and always perform due diligence no matter what the calculator says/.

Here's how investors that have worked w/ us have leveraged their Self Directed IRAsStraight Loans (equivalent of Hard money)Investment in to LLC that then invests in Real Estate (The investor was not a member of the LLC- the IRA was)Purchased the property out right in the name of the IRA (this included funds from the IRA for renovation & flip)Purchase of notes, performing & non-performingPartnered w/ their IRA- This is rather complicated but possible to do.In each case all profits went back to the IRA.