However this last tenant left our unit in a very damaged and extremely filthy state that took considerable work to remedy (which was a surprise because they had been pretty responsible until this event). 

However there are other investors who feel very differently and love turnkey operators.Hope this helps.

What made you interested in investing in this type of deal?

This is great help.

Do you think I should wait until I get 20% equity since I am now familiar with this town?

Purchase price: $112,000 Cash invested: $25,000 Mid Term rental How did you find this deal and how did you negotiate it?

This way, all income and expenses related to the cottage can be run through the new LLC and its corresponding bank account.Additionally, make sure that you’re not mixing or commingling any personal transactions with your business transactions or transactions between the different properties to maintain clear separation and avoid potential issues.

, is this something that would be offset if you just hold the property after a 5 year estimated proforma with a 3% appreciation/rent increase?

Does this allow me to take out a homeowners policy even though they have the warranty deed and I have a security deed? 

Hi All,Question for you pros, and maybe I'm thinking too deeply on this, but does Dodd-Frank (or its attendant regulations) set any restrictions on purchasing mortgage notes, or only on loan origination?