If the landlord's already owed $500 from the security (say 2 months into a 12 month lease), that may not leave much more security to cover all future damages/unpaid rent/cleaning fees/etc. at move-out.

Even if you set all the cash-flow aside, it would take a year just to build up a $2,000 reserve which isn't enough to replace the carpet in one unit and that doesn't cover cleaning, other repairs, vacancy, etc.I don't know enough to make the decision for you but the margins seem really thin based on what you've shared.

See which neighborhoods they buy in, get their criteria, and offer your services as a bird dog and/or wholesaler.

Hi BP,I've seen this question a lot in the in the forums, so wanted to start a thread with all info in one place:All Investors :What sites / list source services are you currently using to pull lists???

Plus it allows you clean break points if things don't work out....

It is not as clean, but still allows you to defer tax payments on gains (and recapture).

Or can you set up shuttle service to a nearby lot?

This includes AirBnB, VRBO, and other similar house sharing/swapping services

The people who got burned were service workers, and risky takers.

@Daniel GolubFor single member LLCs, you can probably get by with services like Legal Zoom.