Roots had grown into the pipe when The plumbing company jetted and took the camera down there, they discovered one of the pipes has a hole.

Folks who form a single member LLC, then manage their rental properties themselves often discover that the LLC does not really provide the liability protection they expected.Have a discussion with attorney, CPA, your tax adviser, and your insurance agent about what you really need.  

One solution is to maintain control of these components and their maintenance by contract (as the landlord), but Bill them back to the tenant as a CAM charge. 

I discovered bigger pockets about a month ago and have been obsessed, and am spending about 3-4 hours a day listening to the podcast.

Between the two, the Solo 401k offers many additional benefits if you're eligible: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.Welcome to Bigger Pockets!

While searching for what to major in in a local college I began to discover real estate investing instead.

Be sure to charge for damages as they occur or as you discover them.

I would like the feedback component so I know if a lead is still interested or needs to be discarded from future contact as well as so I can update owners on progress.  

Then if you discover repairs you may be able to justify the drop to $135k which could have been your target number.

I learned more in this book so far than my past 3-4 months of researchE-commerce is a way to get cash flow to start, I just got a discover card so I may as well use the card to generate cash flow, that would be very appealing to a lender