Oh, I forgot to mention, the market rent for renting out my house as a unit is around $2200-2500/mo (that’s what the other owners list for), whereas as individual rooms on 1 year leases, the same house is worth $3500/mo.Overall, not withstanding how much you have to put down with the VA (0-5%?)

The question is, do I need to keep each individual's security deposit separate, in separate accounts?

Can be state dependent, but generally if he owns the property in his individual name, yes....unless it his homestead property in certain states.

I’ll be 3 years in next month.If so, please share tips for staying motivated, being efficient, avoiding burnout, etc.

But I recently had found the drive and motivation to just dive right on into buy and holding...So hello!

Greetings,So myself and 3x other individuals plan to purchase 15x units together under a LLC.

If they bought it 6 months ago and had enough equity for a deal, they must have had a really motivating reason to dump it fast.

This may be the most motivated you ever find a owner, as they usually know they are out of options.That said, Account Closed is absolutely right that it's still complicated.

This loan will be determined off of the appraised value of the home, not just the purchase price and rehab amount.Some local lenders will have products to offer without the seasoning requirement.

However, if the borrower is paying on time, they would  have no motivation to do so because it would probably cost them more money than just accepting the payments.