Just finished replacing the last of the knob and tube in our triplex after lower tenant moved. Everything has been put back and painted. The lower is now listed for rent. It seems the applicant pool has really dried u...

An LLC is helpful for keeping your name out of the docket and for business planning above all else.

They should have reached out to you the second the deal started to fall through.

The other thing I will add is LLC's are my preferred choice for owning investment real estate but the LLC has to be operated correctly & the greatest benefits an LLC provides are business planning related and a greater likelihood of keeping your name out of a docket.

Something as simple as a single member LLC as the deed holder combined with these more practical strategies will reduce the likelihood your name will find itself into the docket.

I’ve had my first rental leased out for a few months now, and with winter coming, I’m trying to figure out how often I should schedule maintenance.When I lived there, I did HVAC maintenance (heat pump system) and cleared the gutters every spring and fall.

So, potential for not paying or falling behind is HIGH. 

You use someone else's money and the deal falls apart.

Cash is King-  yes, playing with a falling knife.  

Hey James, just keep track of everyone who reached out or made an offer, and stay in touch if you sense the deal might fall out of contract.