Treat it like a related-party sale.Here’s how it breaks down:In LLC #1 (the flipping/rehab LLC):• Record a sale to LLC #2 at the price the refinance was based on (usually the appraised value or the loan amount).• Pay off the hard money loan.• Whatever cash-out is left goes to LLC #1 as profit or return of capital.• If LLC #2 didn’t pay the full amount yet, record it as “Due from LLC #2” (intercompany receivable).In LLC #2 (the holding LLC):• Record the property as a new asset at the amount it refinanced for.• Record the new long-term loan.• If you paid LLC #1 with cash-out or equity, record that as “Due to LLC #1” (intercompany payable).Big picture:LLC #1 got reimbursed for all the money it put into the project (purchase + rehab) and keeps any cash-out.LLC #2 now owns the rental and carries the new refinance loan going forward.It’s simply an intercompany transfer wrapped around a refinance.Two sets of books, two clean entries, and the numbers stay honest.

I handle all tenant problems that relate to the building. 

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Here’s something I’ve noticed lately while running numbers on small multis (2–4 units) across the Triad:A lot of investors underestimate how strong the rent-to-price ratios still are here compared to other Southeast markets.Typical small multi deals I’ve been tracking:• Purchase price: $170K–$260K• Rents per door: $900–$1,200 depending on the neighborhood• PM costs: 8–10%• Taxes/insurance still relatively low• Most deals landing around 6.5%–8% cap with light value-addNothing crazy, but steady, predictable cash flow — especially for out-of-state investors who want an easier entry point than Charlotte or Raleigh.The biggest tip I’d give newer investors is:Run your numbers with OPPORTUNITY in mind, not perfection.Cash flow still exists here, but only if you look at realistic expenses and know what areas rent fastest.I’ve been checking out different pockets around Greensboro and High Point recently, and there are still opportunities.

It lets us send bulk mail, first-class, and even certified mail, which has been extremely helpful for compliance-related notices.

Airbnb declines all pet related damage as the pet was "authorized".

It shouldn't be hard to replace your server income with something real estate related. 

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

The third thing I will mention is that prices are still relatively high in most areas, and interest rates are still kind of stuck.

Nevada has relatively low operating cost.