I do appreciate the homeless issue but my kids are worried about my welfare and want me closer, as do I.

Philly sends notification of potential leak after 96 hrs of continuous use, I got a plumber in today and possibly issue with toilet but its not confirmed as nothing is leaking consistently.

The biggest lesson learned here is that there are going to be mistakes made or problems that come up, and so having patience and communication thoroughly with your partner and team are key to getting through the process.

If it's a fix and flip SFR or Multi Family, then the DSCR won't ever work, so you'll be relying on the global cash flow of the investors to support the payment, in which case you have to have a good case for that via personal cash flow of the investors, liquidity and/or additional assets to pledge as an abundance of caution.To the question about the LLC's financials on a new entity, for real estate it's a non issue as the asset is what is generating the cash flow to pay back the loan not a new 'business' in the traditional sense.

I was told that the garage had foundational issues and could need upto $10k repair.

I believe many of the politicians know the issues associated with rent control but pass it because of the ignorance of many of their constituents.  

Operating in the price ranges you are - what my investors do is buy 2-3 at a time, renovate them as you have mentioned and then refinance them all together into a portfolio loan to get around the minimum loan amount problem that can be sometimes an issue in these types of markets. 

Ok so after getting burned twice by the "extra guests" issue I have totally changed my stance and now I immediately evict.  

Additionally if you have a good PM Company, then you don't have to worry about that being an issue.

However, this isn't a new issue.