It’s good to see that foreclosure levels remain low and we’re not heading toward another crisis like the Great Recession.The fact that most foreclosures today are from investors who over-leveraged in 2022 highlights the importance of proper underwriting and maintaining equity cushions.I’m curious, do you see any particular markets or states where the judicial process is causing inventory bottlenecks, or is it fairly consistent across the top 10?

Maintain reserves in a segregated, FDIC-insured account under the TIC or manager’s control with dual-signature protocols, monthly reporting, and read-only bank access for all owners.

More marketing, more listing sites, more rate adjustments, more listing wording adjustments, more lower dollar amenities added, removed high maintenance extras, changed internet providers, reduced TV package costs across Smokies properties saving over $1k a month, removed gas grills as they were a large maintenance (maintaining costs for propane and replacements/local bear kept destroying at 5 properties), changed cleaners, relooked all maintenance schedules, changed plumbers, changed hvac company, changed pool cleaners, made sure I never pay interest on business cards (pay off every Monday), changed minimum stays, changed some deposit policies and I am sure there is alot more squeezing I just forgot as I started running a DOGE on my ops before DOGE existed starting last December.

You, or your attorney need to make sure you file the deed with the respective county recorder.In the meantime, you can fund the LLC IRA with cash, to maintain property expenses and collect rents.2.You don’t deed property to the LLC, but pay for all property expenses and collect all rents within the LLC.

Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to,, “Maintain to the Neighborhood”.Why is that important?

This includes having a safe, clean, and well-maintained property.

Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to,, “Maintain to the Neighborhood”.Why is that important?

Investing in NNN lease (Walgreens, Dollar General, etc are your tenants) is also fairly passive, but you maintain a bit more control. 

I invest in the Midwest, and many investors I work with use HELOCs strategically for high-confidence deals while maintaining strong cashflow.

And unlike STR, you won’t have frequent opportunities to clean and maintain the furnishings.