You have to maintain an LLC precisely in order for it to have any value and frankly few investors have that kind of patience and attention to detail.

This property was in gorgeous condition, move in ready and immaculately maintained.

You should be stoked!

Tell them gas And upkeep for your Lamborghini isn’t cheap these days so he must pay more to cover the extra costs of maintaining it .

@Graham NadlerVinyl floor, no garbage disposals, a paint color that can be used as "touch up" (i.e. without having to repaint the entire wall), pex pipe, a working fan in the bathroom, leave a few furnace filters behind for either yourself or the tenant to change, no screens unless lease says tenant will maintain repairs, bathtub surrounds that use very little to no caulk (reduces mold).

I'm required to maintain a Rental Certificate for each of my properties.

We maintain 2 LLCs (separate books) and spend an hour or so a week maximum.

Generally though, I break it down into the "five pillars" of protecting your assets.The first pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments(maintain your property, etc) - these simple steps will help you prevent lawsuits before they even occur.

Here is a short list of some of the ways.Buying a property “subject too”Using an FHA loan to house hack as @Suny Capezzuto mentioned aboveUsing lines of creditCreating a partnershipUsing the BRRRR methodUsing a combination of the BRRRR method along with the lease option strategy and creating 2nd position notes on the front end to help with the rehab and then a 2nd on the back end (after the refinance) to leverage the property to 80% to suck out the rest of your invested capital while maintaining a cash flowing property for yourself and the private money lender/investorThese are just some ways of using 10% or less to buy an investment property.

This is a very small self storage facility, 22 units, and pretty old, block construction from 1965, not maintained at all, but functional, just everything is at the end of its life re: roof not failing, but not far from failing, asphalt failing, doors are rusty, limited places with vinyl siding is falling off, etc.