Some places have outsized supply/demand problems and you don't want to be put on a waitlist for an emergency repair. 

We saw a LL repair a leaking drain line with a portion of a bike inner tube.

Would I be allowed to perform repairs on the property?

I typically do bookkeeping monthly so I review numbers throughout the year and can make decisions to do certain work such as repairs. 

I want to be able to pull statements quickly for my LLC that looks similar to the one I get from Buildium for my business that includes my mortgage, insurance, repairs to property (that happen before I hand them off to the PM), rental license fees, general business expenses like for my virtual mailbox & registered agent, etc.

A line of credit loan was all I was offered as the homes needed repaired.

Everyone talks about the BRRRR method like it’s a formula — Buy, Rehab, Rent, Refinance, Repeat.But after working with a lot of investors, I’ve noticed one thing that often gets overlooked:The “tax” side of BRRRR.Most people focus on the deal numbers — the purchase price, the ARV, the refinance rate — but forget that how you structure and record those costs can make a huge difference down the line.For example:Tracking your rehab costs separately helps you depreciate correctly later.Timing your refinance can change when interest expenses become deductible.And keeping good records on improvements vs. repairs can save you thousands when you sell or do a cash-out refi.The BRRRR method is powerful because it lets you build equity fast — but if your books aren’t clean, you’ll end up leaving money on the table when tax season comes around.The investors who scale fastest aren’t just great at finding deals — they’re great at documenting them.Curious — how do you track your rehab and refinance expenses during a BRRRR project?

Each property probably needs $200k-400k worth of work for deferred maintenance, repairs, and moderate upgrades.He would like me to take them over for him.

I’d recommend learning how to accurately estimate rehab costs, study local ARVs (After Repair Values), and build relationships with reliable contractors and agents who understand investment properties.

Mistakes are inevitable in real estate, whether it’s a missed repair in underwriting, a contractor who walks off with a deposit, or poorly executed work.