I wouldn’t send them a “past due” letter if I came to it because we cannot initiate any action during this time, but I would send them monthly invoices detailing how much is due for what months.  

I also will say that while the 50% and 1% rule are good short cuts when looking at a deal initially you want to make sure and drill down and lay out all of the numbers in detail as every property and city is different.

Zoning will allow thankfully.I can't think of any other downside, other than the initial investment, the difficulty in financing, and the diminished value.

It requires an initial, one-time site inspection, but that's pretty easy/basic and once you do it you never have to do it again and then you're all set up to pull credit reports yourself in minutes. 

The main area of focus is going to be BRRRR initially while I try to build some capital in the short term.

I was not interested initially, but had investor clients that were interested.

I was not interested initially, but had investor clients that were interested.

I was not interested initially, but had investor clients that were interested.

Initially I was a little worried if I would be doing it “the right way”.

The initial funds will come from our personal savings, but I assume the income will be recorded to the business?