@Jackson Sandland i have done a lot of SFR BRRRRs in the last years and it is interesting to see how appraisals for pretty much identical properties come it at +/- 10%.

I have some equipment from my contracting company paid off trucks and other equip. that I will use for collateral.

But it’s ok I didn’t have to purchase new equipment but am tied to a 3 year deal.

You should have an agreement that spells out the expectations, equipment you provide, and what happens if the tenants do not do the work, do not do it well enough, or they cause a fine by the city. 

Licensed Plumber Certification I certify that (check all that apply): I have installed the submetering equipment listed above in accordance with accepted plumbing standards.

I pay an additional $500 per year to cover my tools and equipment, and another $200 per year to cover a "non-owned vehicle" (so that if my employee is driving to make a repair and is on the clock and gets into an accident, I'm covered if the plaintiff's lawyer goes after my company).I'll have to double-check with my insurance agent about the cost implications of forming a new PM LLC, but I don't expect it to be thousands of dollars in additional liability coverage.

Based on comps in the area I believe the property value is between 145-155kYesterday the son of the owner of an identical duplex next door approached me to see if I would be interested in buying their mothers property, as she was in poor health.

They are only used for hiding a owners identity but do not actually accomplish even that.

Nik, I had an almost identical experience as yours.

I was offered a job but they want me to purchase equipment needed for job with a check