Step 3 - no surprise, the renovation costs more and takes longer than expected.

Just my opinion but one residential property per LLC is an overkill in my mind and just ends up costing a lot more money down the road in administrative / accounting fees. 

when your dealing with a borrower with experience...its not wise to control the Construction, Its not smart to smudge HUD's (i took myself, title and attorney days to figure out my closing cost went from 25k to 40k)...later to find out most of it was in fees and paying 12 months in advance of mortgage payments.

This innovative approach to housing development is not just a response to market conditions but a strategic solution to address the pressing needs of renters and investors alike.The Sunbelt, encompassing states like Florida, Texas, Arizona, and California, has long been a beacon for those seeking warmth, opportunity, and a lower cost of living.

It's a snowball effect.

With this income, you then fund the solo 401k to effectively tax defer your earnings.

It's a very tough scenario especially if they have been effective for you for a decent amount of time.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

Rondo investment cost me a lot of troubles.

I am already requiring the tenant cover repair costs and want to tell them the dogs have to go.