After pulling two deck boards, we properly sealed the open entry points for whatever critters were living rent free.

It just makes life easier they’ll take care of paying off the current lender, clearing the lien, and making sure your new loan gets recorded properly.

I’ve noticed how crucial it is to have proper layouts ready, especially when presenting to lenders or city officials.That said, I’m here mainly to learn more about how you all structure deals, timelines between acquisition and rehab, and what types of drawings (if any) are usually needed early on.If anyone is open to sharing how they’ve handled this part of the process or what you wish you had when dealing with the city I’d love to hear about it.Looking forward to learning from you all!

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

Annecdotal evidence certainly, but here are my thoughts - 1) Guarantors can be treated like tenants, so long as you have the contractual background to ensure that they are fully and properly legally bound. 

My choice is an LLC however buying in your own name with proper insurance is a legitimate choice. 

The past 12 months it has been 34 days, which is ~40% higher than the previous 12 months.If you are using a realtor, at this point I would sit them down for a serious conversation asking what they have been doing to properly market the property.

Implementing the proper legal and financial structures can help shield your personal wealth, reduce your exposure to litigation, and limit access for potential creditors.

Update/upgrade the panel, and bring the system up to code; proper outlets with grounds, gfci where needed, etc.Have an electrician check every switch and outlet in the house.  

Proper planning can also improve your negotiating position in legal disputes and potentially lead to more favorable outcomes.To navigate these areas effectively, I strongly recommend working with qualified professionals, including a knowledgeable tax advisor who understands real estate and a seasoned asset protection attorney familiar with your specific goals and risk profile.