Landlords prefer to choose their tenants, not have their renters choose their tenants for them.

And thirdly, why would the buyer prefer one over the other, if their repayments and term length are exactly the same?

Rhett Z Begley 1) Speak with an attorney regarding entity formation and asset protection. 2) Once you have that figured out, open a separate bank account. 3) Be very careful not to co-mingle personal and business funds. 4) Keep great books and records.

I want to have the 3 m2m tenants sign new leases with me because a) I'm going to use the BP leases which I feel more comfortable with, and b) I would prefer to have everyone in a 6 month lease so that I don't have to deal with people moving out in the winter and trying to find new tenants then... 

.), so sorry if I leave anything important out below.I've been thinking about small MFH for the past few weeks, and came across this near me - https://www.realtor.com/realestateandhomes-detail/...Its a 4 unit MFH. units are 3/1, 2/1 and 2 x 1/1, being sold for 1.5M$I've guestimated the rents at 2700 2100 and 2 x 1800 by looking at similar neighbouring assets on hotpads.Place seems to be freshly renovated, but no AC (which i think would be the biggest value add).My problem is that however I try running the numbers it wont cash flow.

Both have been huge assets to me as I begin this journey.

The property I close on this month will continue to cash flow with the fees charged by the property management company.2) Should I obtain a LLC or just have an umbrella policy to cover my assets if something were to happen on my rental property?

@Ali Boone Cheers - not sure of my budget just yet; I'm used to having done traditional lending through banks and don't have much experience cash-out refinancing yet, but currently reading up on all that stuff and exploring options.I'm actually from Charlotte originally so I would feel a little more comfortable investing in the city....I think for OOS I would prefer something more turnkey at first unless I was very confident that I had good contacts (contractor) "on the ground."

. - Value Add: ConvenienceThe service would be as follows:An investor provides me with their preferences for acquisition cost, cash flow, property specs, location, etc.

If you are not ready to buy a personal home, which is a liability not a asset, then you do not buy.