I also recommend using a holding company set up as a WY LLC to own the rental LLCs, because that provides protection against personal liability and creditors.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

Your better bet may be to bring on an equity partner, just realize that you will probably be giving up 30-50% of the business if you go that route, but in the long run its probably end up doing much better.

There are lots of people that have all this garbage blow up in their face, get in trouble, end up in court with the other party, etc.

You are going to find this quite difficult in the start up..

I am a real estate investor and currently own 14 units in Rhode Island (I grew up in Providence). 

I’d love to connect and see how we can support each other as things continue to grow.

With difficult tenants like this I would let them know I am unable to meet the repairman on site, but will follow up with the tenant after the appointment if there is anything that comes up.

Anything you buy in the Columbus Ohio market is currently blowing up in terms of appreciation growth.

The rest goes back to fixing them up and savings in our real estate business accounts.

At most I would borrow up to 80% of the realistic resale value of the home, and only then if (1) it still cashflows to my minimum standard, and (2) I was doing something productive with the home (i.e., not blowing it on a new car or parking it in a bank account).