United States

Securities And Exchange Commission 

Washington, D.C. 20549

FORM 1-SA/A

(Amendment No. 1)

SEMIANNUAL REPORT PURSUANT TO REGULATION A

For the fiscal period ended

June 30, 2023

ARRIVED HOMES, LLC

(Exact name of issuer as specified in its Certificate of Formation)

Delaware	85-2046587
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

1700 Westlake Avenue North, Suite 200

Seattle, WA 98109

(Full mailing address of principal executive offices)

814-277-4833

(Issuer’s telephone number)

Arrived Homes Series Lierly; Arrived Homes Series Chaparral; Arrived Homes Series Patrick; Arrived Homes Series Plumtree; Arrived Homes Series Pecan; Arrived Homes Series Soapstone; Arrived Homes Series Salem; Arrived Homes Series Dewberry; Arrived Homes Series Summerset; Arrived Homes Series Lallie; Arrived Homes Series Basil; Arrived Homes Series Mojave; Arrived Homes Series Tuscan; Arrived Homes Series Wentworth; Arrived Homes Series Cupcake; Arrived Homes Series Windsor; Arrived Homes Series Badminton; Arrived Homes Series Luna; Arrived Homes Series Eastfair; Arrived Homes Series Roseberry; Arrived Homes Series Kingsley; Arrived Homes Series Holloway; Arrived Homes Series Shoreline; Arrived Homes Series Centennial; Arrived Homes Series Malbec; Arrived Homes Series Pinot; Arrived Homes Series Spencer; Arrived Homes Series Splash; Arrived Homes Series Odessa; Arrived Homes Series Lily; Arrived Homes Series Meadow; Arrived Homes Series Saddlebred; Arrived Homes Series Elm; Arrived Homes Series Lennox; Arrived Homes Series Collinston; Arrived Homes Series Coatbridge; Arrived Homes Series River; Arrived Homes Series Olive; Arrived Homes Series Sugar; Arrived Homes Series Elevation; Arrived Homes Series Ridge; Arrived Homes Series Dawson; Arrived Homes Series Forest; Arrived Homes Series Westchester; Arrived Homes Series Bayside; Arrived Homes Series Limestone; Arrived Homes Series Holland; Arrived Homes Series Weldon; Arrived Homes Series Saturn; Arrived Homes Series Jupiter; Arrived Homes Series Amber; Arrived Homes Series Rooney; Arrived Homes Series Bandelier; Arrived Homes Series KerriAnn; Arrived Homes Series Sigma; Arrived Homes Series Diablo; Arrived Homes Series Matchingham; Arrived Homes Series Vernon; Arrived Homes Series Butter; Arrived Homes Series Dolittle; Arrived Homes Series Murphy; Arrived Homes Series Davidson; Arrived Homes Series Oly; Arrived Homes Series Grant; Arrived Homes Series Ensenada; Arrived Homes Series Scepter; Arrived Homes Series Ribbonwalk; Arrived Homes Series McLovin; Arrived Homes Series Wave; Arrived Homes Series Greenhill; Arrived Homes Series Emporia; Arrived Homes Series Saint; Arrived Homes Series Tuxford; Arrived Homes Series Kawana; Arrived Homes Series Lovejoy; Arrived Homes Series Delta; Arrived Homes Series Chelsea; Arrived Homes Series Hadden; Arrived Homes Series Hollandaise; Arrived Homes Series Avebury; Arrived Homes Series Terracotta; Arrived Homes Series Otoro; Arrived Homes Series Tulip; Arrived Homes Series Jack; Arrived Homes Series Bedford; Arrived Homes Series Louise; Arrived Homes Series Gardens; Arrived Homes Series Peanut; Arrived Homes Series Mammoth; Arrived Homes Series Magnolia; Arrived Homes Series Roxy; Arrived Homes Series Heritage; Arrived Homes Series Heron; Arrived Homes Series Stonebriar; Arrived Homes Series Kirkwood; Arrived Homes Series Lanier; Arrived Homes Series 100; Arrived Homes Series Rosewood; Arrived Homes Series McGregor; Arrived Homes Series Grove; Arrived Homes Series Wisteria; Arrived Homes Series Point; Arrived Homes Series Apollo; Arrived Homes Series Swift; Arrived Homes Series Wescott; Arrived Homes Series Baron; Arrived Homes Series Wildwood; Arrived Homes Series Madison; Arrived Homes Series Lannister; Arrived Homes Series Pearl; Arrived Homes Series Burlington; Arrived Homes Series Abbington; Arrived Homes Series Nugget; Arrived Homes Series Holcomb; Arrived Homes Series 101; Arrived Homes Series Jake; Arrived Homes Series Ritter; Arrived Homes Series Latte; Arrived Homes Series Hines; Arrived Homes Series June; Arrived Homes Series Johnny; Arrived Homes Series Bazzel; Arrived Homes Series Pioneer; Arrived Homes Series Kennesaw; Arrived Homes Series Lookout; Arrived Homes Series Reynolds; Arrived Homes Series Dunbar; Arrived Homes Series Osprey; Arrived Homes Series Walton; Arrived Homes Series Dogwood; Arrived Homes Series Riverwalk; Arrived Homes Series Folly; Arrived Homes Series Clover; Arrived Homes Series Dorchester; Arrived Homes Series Collier; Arrived Homes Series Wilson; Arrived Homes Series Sodalis; Arrived Homes Series Henry; Arrived Homes Series Dolly; Arrived Homes Series Belle; Arrived Homes Series Loretta; Arrived Homes Series Spring; Arrived Homes Series Conway; Arrived Homes Series Willow; Arrived Homes Series Creekside; Arrived Homes Series Daisy; Arrived Homes Series Chitwood; Arrived Homes Series Highland; Arrived Homes Series Kenny; Arrived Homes Series Wellington; Arrived Homes Series Braxton; Arrived Homes Series Reginald; Arrived Homes Series Camino; Arrived Homes Series Winston; Arrived Homes Series Inglewood; Arrived Homes Series Richardson; Arrived Homes Series Cumberland; Arrived Homes Series Bonneau; Arrived Homes Series Blossom; Arrived Homes Series Marcelo; Arrived Homes Series Jill; Arrived Homes Series Quincy; Arrived Homes Series Marietta; Arrived Homes Series Taylor; Arrived Homes Series Aster; Arrived Homes Series Piedmont; Arrived Homes Series Shallowford; Arrived Homes Series Chester; Arrived Homes Series Harrison; Arrived Homes Series Creekwood; Arrived Homes Series Cypress; Arrived Homes Series Mae; Arrived Homes Series Kessler; Arrived Homes Series Hansel; Arrived Homes Series Goose; Arrived Homes Series Eagle; Arrived Homes Series Falcon; Arrived Homes Series Gretal; Arrived Homes Series Sundance; Arrived Homes Series Redondo; Arrived Homes Series Mimosa; Arrived Homes Series Brooklyn; Arrived Homes Series Chickamauga; Arrived Homes Series Brainerd; Arrived Homes Series Litton; Arrived Homes Series Sequoyah; Arrived Homes Series Regency; Arrived Homes Series Lurleen; Arrived Homes Series Korin; Arrived Homes Series Ella; Arrived Homes Series Sajni; Arrived Homes Series Sunnyside; Arrived Homes Series Dops; Arrived Homes Series Tuscarora; Arrived Homes Series Brennan; Arrived Homes Series Salinas; Arrived Homes Series Jefferson; Arrived Homes Series Hansard; Arrived Homes Series Marie; Arrived Homes Series Martell; Arrived Homes Series Avondale; Arrived Homes Series Douglas; Arrived Homes Series Belvedere; Arrived Homes Series Cove; Arrived Homes Series Louis; Arrived Homes Series Mycroft; Arrived Homes Series Sims; Arrived Homes Series Osceola; Arrived Homes Series Longwoods; Arrived Homes Series Fenwick; Arrived Homes Series Marple; Arrived Homes Series Bella; Arrived Homes Series Foster; Arrived Homes Series Augusta; Arrived Homes Series Theodore; Arrived Homes Series Simon; Arrived Homes Series Porthos; Arrived Homes Series Cawley; Arrived Homes Series Palmer; Arrived Homes Series Franklin; Arrived Homes Series Mary; Arrived Homes Series Marion; Arrived Homes Series Onyx; Arrived Homes Series General; Arrived Homes Series Bergenia; Arrived Homes Series Chinook; Arrived Homes Series Felix; Arrived Homes Series Ellen; Arrived Homes Series Oscar

(Title of each class of securities issued pursuant to Regulation A)

Explanatory Note

This Amendment No. 1 to our semi-annual report on Form 1-SA/A is being filed to amend our semi-annual report on Form 1-SA for the semi-annual period ended June 30, 2023, originally filed with the Securities and Exchange Commission on September 28, 2023. This Amendment is being filed to amend and restate the Form 1-SA in its entirety.

TABLE OF CONTENTS

ITEM 1. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION	1
ITEM 2. OTHER INFORMATION	22
ITEM 3. FINANCIAL STATEMENTS	F-1
ITEM 4. EXHIBITS	23

i

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

The information contained in this Semiannual Report includes some statements that are not historical and that are considered “forward-looking statements.”  Such forward-looking statements include, but are not limited to, statements regarding our development plans for our business; our strategies and business outlook; anticipated development of our company, the manager, each series of our company and the Arrived platform (defined below); and various other matters (including contingent liabilities and obligations and changes in accounting policies, standards and interpretations).  These forward-looking statements express the manager’s expectations, hopes, beliefs, and intentions regarding the future.  In addition, without limiting the foregoing, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.  The words “anticipates,” “believes,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “might,” “plans,” “possible,” “potential,” “predicts,” “projects,” “seeks,” “should,” “will,” “would” and similar expressions and variations, or comparable terminology, or the negatives of any of the foregoing, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this Semiannual Report are based on current expectations and beliefs concerning future developments that are difficult to predict.  Neither our company nor the manager can guarantee future performance, or that future developments affecting our company, the manager or the Arrived platform will be as currently anticipated.  These forward-looking statements involve a number of risks, uncertainties (some of which, including the impact of the COVID-19 coronavirus, are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements.

All forward-looking statements attributable to us are expressly qualified in their entirety by these risks and uncertainties.  These risks and uncertainties, along with others, are also described in our Offering Circular under the headings “Summary – Summary Risk Factors” and “Risk Factors.” Should one or more of these risks or uncertainties materialize, or should any of the parties’ assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements.  You should not place undue reliance on any forward-looking statements and should not make an investment decision based solely on these forward-looking statements.  We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

ii

ITEM 1. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

Overview

Arrived Homes, LLC, a Delaware series limited liability company, was formed in July 2020 to permit public investment in individual residential properties. We believe people should have access to the wealth creation that real estate investment can provide. We believe in passive income, conservative debt, diversification, and aligned incentives.

Arrived is a marketplace for investing in real estate. We buy residential properties, divide them into multiple interests, and offer them as investments on a per interest basis through our web-based platform. Investors can manage their risk by spreading their investments across a portfolio of homes and they can invest in real estate without needing to apply for mortgages or take on personal debt.

Arrived does all of the work of sourcing, analyzing, maintaining, and managing all of the residential properties that we acquire. We analyze every property investment across several financial, market, and demographic characteristics to support our acquisition decision-making. Every investment we make is an investment in the communities in which Arrived operates, alongside other like-minded individuals. As our community network grows, so does our access to investment and housing opportunities.

Arrived arranges for a property manager to operate the properties as single-family rentals for tenants who can also invest through the same process as any other member of the Arrived Platform, becoming part owners of the homes they’re staying in at that time. By investing together, we align incentives towards creating value for everyone.

Arrived Homes, LLC and its series, as of June 30, 2022 had a total of 135 properties. As of June 30, 2023, Arrived Homes, LLC and its series has grown to 229 properties. The increase in property acquisitions, expansion in new markets, and partnerships with third party property managers contributed to the growth of the business.

Emerging Growth Company

We may elect to become a public reporting company under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). If we elect to do so, we will be required to publicly report on an ongoing basis as an emerging growth company, as defined in the JOBS Act, under the reporting rules set forth under the Exchange Act. For so long as we remain an emerging growth company, we may take advantage of certain exemptions from various reporting requirements that are applicable to other Exchange Act reporting companies that are not emerging growth companies, including, but not limited to:

● not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act;

● being permitted to comply with reduced disclosure obligations regarding executive compensation in our periodic reports and proxy statements; and

● being exempt from the requirement to hold a non-binding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved.

In addition, Section 107 of the JOBS Act also provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act of 1933, as amended, for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We would expect to take advantage of the benefits of this extended transition period. Our financial statements may therefore not be comparable to those of companies that comply with such new or revised accounting standards.

We would expect to take advantage of these reporting exemptions until we are no longer an emerging growth company. We would remain an emerging growth company for up to five years, or until the earliest of (i) the last day of the first fiscal year in which our total annual gross revenues exceed $1.07 billion; (ii) the date that we become a large accelerated filer as defined in Rule 12b-2 under the Exchange Act, which would occur if the market value of our common shares that is held by non-affiliates exceeds $700 million as of the last business day of our most recently completed second fiscal quarter; or (iii) the date on which we have issued more than $1 billion in non-convertible debt during the preceding three-year period.

1

Operating Results

Revenues

Revenues are generated at the series level and are derived from leases on the series property. All revenues generated during the six-month period ended June 30, 2023 and the six-month period ended June 30, 2022 are listed in the table below:

There are no material differences in the Series between the six-months ended June 30, 2023 and the six-months ended June 30, 2022 outside of occupancy that would impact Rental Income. The increase in Total Rental Revenue is due to the increase in the total series issued by Arrived, Homes, LLC as of June 30, 2023.  

Rental Income

Series Name	June 30, 2023		June 30, 2022
100	$	21,695	$	-
101		-		-
Abbington		17,107		-
Amber		11,370		-
Apollo		9,630		-
Aster		4,715		-
Augusta		-		-
Avebury		10,915		2,095
Avondale		-		-
Badminton		11,970		-
Bandelier		13,170		-
Baron		17,370		-
Basil		7,475		-
Bayside		12,570		-
Bazzel		9,075		-
Bedford		12,852		-
Bella		-		-
Belle		13,611		-
Belvedere		612		-
Bergenia		-		-
Blossom		8,575		-
Bonneau		13,400		-
Brainerd		10,271		-
Braxton		10,048		-
Brennan		3,625		-
Brooklyn		3,244		-
Burlington		20,483		-
Butter		18,379		-
Camino		8,775		-
Campbell		-		-
Cawley		-		-
Centennial		11,370		-
Chaparral		10,425		6,341
Chelsea		11,465		2,195
Chester		13,272		-
Chickamauga		11,051		-
Chinook		-		-
Chitwood		14,825		-
Clover		12,470		-
Coatbridge		6,115		-
Collier		11,150		-
Collinston		12,421		-
Conway		16,686		-
Cove		3,245		-
Creekside		11,720		-
Creekwood		10,960		-
Cumberland		10,170		-
Cupcake		9,970		9,870

2

Series Name	June 30, 2023		June 30, 2022
Cypress		13,927		-
Daisy		10,170		-
Davidson		8,626		-
Dawson		10,073		-
Delta		-		-
Dewberry		6,625		-
Diablo		730		-
Dogwood		9,838		-
Dolittle		12,800		-
Dolly		9,059		-
Dops		4,950		-
Dorchester		11,707		-
Dunbar		2,749		-
Eagle		12,120		-
Eastfair		10,770		-
Elevation		15		-
Ella		5,617		-
Ellen		-		-
Elm		7,311		-
Emporia		6,121		-
Ensenada		19,770		-
Falcon		14,159		-
Felix		-		-
Fenwick		698		-
Folly		12,569		-
Forest		10,841		-
Foster		-		-
Franklin		-		-
Gardens		9,100		1,495
General		-		-
Goose		11,850		-
Grant		14,392		-
Greenhill		14,970		-
Gretal		3,940		-
Grove		10,224		-
Hadden		9,920		-
Hansard		10,293		-
Hansel		8,312		-
Harrison		16,673		-
Henry		11,792		-
Heritage		11,835		-
Heron		12,654		-
Highland		10,738		-
Hines		9,745		-
Holcomb		10,770		-
Holland		8,385		-
Hollandaise		12,445		-
Holloway		14,580		-
Inglewood		15,210		-
Jack		15,320		-

3

Series Name	June 30, 2023		June 30, 2022
Jake		16,475		-
Jefferson		5,005		-
Jill		11,560		-
Johnny		18,924		-
June		19,945		-
Jupiter		9,020		-
Kawana		10,498		-
Kennesaw		14,970		-
Kenny		15,275		-
KerriAnn		14,528		-
Kessler		9,570		-
Kingsley		14,478		-
Kirkwood		9,570		-
Korin		10,104		-
Lallie		15,040		-
Lanier		13,622		-
Lannister		9,799		-
Latte		13,385		-
Lennox		10,170		-
Lierly		9,333		10,500
Lily		15,410		-
Limestone		11,529		-
Litton		11,078		-
Longwoods		-		-
Lookout		13,602		-
Loretta		17,658		-
Louis		-		-
Louise		9,876		4,390
Lovejoy		9,975		-
Luna		10,500		-
Lurleen		8,528		-
Madison		1,899		-
Mae		10,765		-
Magnolia		9,675		-
Malbec		8,930		13,470
Mammoth		16,985		-
Marcelo		8,040		-
Marie		9,395		-
Marietta		9,475		-
Marion		-		-
Marple		-		-
Martell		-		-
Mary		-		-
Matchingham		11,392		-
McGregor		11,370		-
McLovin		18,320		-
Meadow		9,200		-
Mimosa		9,893		-
Mojave		9,664		9,870

4

Series Name	June 30, 2023		June 30, 2022
Murphy		13,770		-
Mycroft		-		-
Nugget		17,120		-
Odessa		13,975		-
Olive		11,924		-
Oly		11,515		-
Onyx		-		-
Oscar		-		-
Osceola		-		-
Osprey		13,770		-
Otoro		-		-
Palmer		-		-
Patrick		9,600		-
Peanut		4,605		3,390
Pearl		6,780		-
Pecan		6,474		-
Piedmont		13,770		-
Pinot		13,860		-
Pioneer		18,442		-
Plumtree		11,479		-
Point		15,192		-
Porthos		-		-
Quincy		12,014		-
Redondo		12,746		-
Regency		12,094		-
Reginald		16,216		-
Reynolds		14,970		-
Ribbonwalk		6,110		-
Richardson		8,400		-
Ridge		10,769		-
Ritter		8,098		-
River		12,245		-
Riverwalk		11,975		-
Rooney		12,570		-
Roseberry		11,965		-
Rosewood		9,971		-
Roxy		11,970		-
Saddlebred		11,975		-
Saint		10,325		-
Sajni		8,454		-
Salem		11,130		-
Salinas		6,941		-
Saturn		7,820		-
Scepter		10,075		-
Sequoyah		5,848		-
Shallowford		13,501		-
Shoreline		16,965		-
Sigma		13,815		-
Simon		-		-
Sims		-		-
Soapstone		9,900		-

5

Series Name	June 30, 2023			June 30, 2022
Sodalis		8,368			-
Spencer		11,615			-
Splash		8,125			-
Spring		10,170			-
Stonebriar		6,975			-
Sugar		10,770			-
Summerset		10,880			-
Sundance		10,239			-
Sunnyside		12,303			-
Swift		13,770			-
Taylor		6,637			-
Terracotta		9,510			-
Theodore		-			-
Tulip		(73	)		-
Tuscan		11,600			-
Tuscarora		7,260			-
Tuxford		11,370			-
Vernon		11,370			-
Walton		5,492			-
Wave		-			-
Weldon		8,670			-
Wellington		14,370			-
Wentworth		8,389			-
Wescott		10,770			-
Westchester		15,845			-
Wildwood		13,047			-
Willow		10,520			-
Wilson		13,345			-
Windsor		23,750			-
Winston		7,911			-
Wisteria		11,000			2,195
Total Rental Revenue	$	2,182,209		$	65,811

Operating Expenses

The Company incurred the following operating expenses during the six-month period ended June 30, 2023 and the six-month period ended June 30, 2022. The operating expenses incurred prior to the closing of an offering related to any of the series are being paid by our manager and are reimbursed by such series out of the gross offering proceeds upon closing of the relevant series offering. Such operating expenses include real estate taxes, property insurance, home ownership association fees and repairs and maintenance costs. Upon closing, each series becomes responsible for its own operating expenses.

The material impact in operating expenses for the six-month period ended June 30, 2023 compared to the six-month period ended June 30, 2022 was generally due to the period in which the Series begins its depreciation, repair and maintenance expenses, vacancy expenses, turnover expenses, bad debt expense, and other expenses associated to the operations of the Series.

6

During the six-month period ended June 30, 2023 and the six-month period ended June 30, 2022, at the close of the respective offerings for the series, each individual series became responsible for its own operating expenses. The following table summarizes the total operating expenses by series as of June 30, 2023 and June 30, 2022:

Operating Expenses

	June 30, 2023						June 30, 2022
Series Name	Operating Expenses		Depreciation		Total Expenses		Operating Expenses		Depreciation		Total Expenses
100	$	13,968	$	2,815	$	16,783	$	5,936	$	1,407	$	7,343
101		9,068		8,719		17,787		1,805		-		1,805
Abbington		10,336		6,578		16,913		1,644		-		1,644
Amber		11,842		4,208		16,049		5,848		4,208		10,056
Apollo		5,396		2,691		8,087		1,182		-		1,182
Aster		13,514		3,510		17,024		-		-		-
Augusta		1,262		-		1,262		-		-		-
Avebury		8,093		3,995		12,088		4,641		1,998		6,639
Avondale		3,975		-		3,975		-		-		-
Badminton		9,307		3,505		12,812		3,545		3,505		7,050
Bandelier		4,231		4,170		8,401		7,148		4,170		11,318
Baron		9,378		8,229		17,606		1,364		-		1,364
Basil		4,280		2,784		7,065		2,628		2,777		5,405
Bayside		11,727		3,525		15,252		4,149		3,525		7,674
Bazzel		4,725		3,763		8,489		770		568		1,338
Bedford		4,911		3,847		8,758		6,952		1,924		8,876
Bella		985		-		985		-		-		-
Belle		16,947		6,042		22,989		-		-		-
Belvedere		8,641		-		8,641		-		-		-
Bergenia		159		-		159		-		-		-
Blossom		5,974		3,495		9,469		-		-		-
Bonneau		10,816		5,137		15,953		-		-		-
Brainerd		9,596		3,998		13,594		-		-		-
Braxton		9,710		4,458		14,169		-		-		-
Brennan		6,370		3,115		9,484		-		-		-
Brooklyn		10,675		2,802		13,477		-		-		-
Burlington		10,577		8,916		19,493		1,415		-		1,415
Butter		10,635		5,190		15,824		10,884		5,190		16,074
Camino		4,463		3,644		8,107		-		-		-
Campbell		8,442		1,422		9,863		-		-		-
Cawley		3,881		-		3,881		-		-		-
Centennial		4,872		3,917		8,789		6,083		3,918		10,001
Chaparral		2,496		2,700		5,195		2,731		2,700		5,431
Chelsea		3,322		4,234		7,555		3,389		2,117		5,506
Chester		8,233		5,944		14,177		-		-		-
Chickamauga		12,082		5,129		17,211		-		-		-
Chinook		1,102		-		1,102		-		-		-
Chitwood		7,876		5,255		13,131		-		-		-
Clover		7,419		4,397		11,816		1,070		-		1,070
Coatbridge		11,478		3,730		15,208		4,361		3,730		8,091
Collier		9,764		4,879		14,642		770		-		770
Collinston		13,883		2,906		16,788		11,561		2,906		14,467
Conway		11,928		9,454		21,382		-		-		-
Cove		5,187		963		6,150		-		-		-
Creekside		6,707		4,260		10,967		-		-		-
Creekwood		6,734		3,975		10,709		-		-		-
Cumberland		5,024		4,059		9,083		-		-		-
Cupcake		4,436		3,275		7,711		3,086		3,275		6,361

7

	June 30, 2023						June 30, 2022
Series Name	Operating Expenses		Depreciation		Total Expenses		Operating Expenses		Depreciation		Total Expenses
Cypress		11,047		5,011		16,058		-		-		-
Daisy		6,681		4,138		10,819		-		-		-
Davidson		5,178		2,909		8,088		7,354		2,909		10,263
Dawson		7,807		3,617		11,425		3,168		3,114		6,282
Delta		18,059		4,749		22,808		16,289		3,099		19,388
Dewberry		5,729		2,613		8,342		5,746		2,613		8,359
Diablo		8,065		2,380		10,445		6,959		3,571		10,530
Dogwood		6,808		3,320		10,128		820		-		820
Dolittle		10,111		4,221		14,333		7,789		4,221		12,010
Dolly		12,923		9,477		22,400		-		-		-
Dops		7,951		2,341		10,292		-		-		-
Dorchester		13,435		4,727		18,162		770		788		1,558
Dunbar		11,546		4,430		15,976		1,470		-		1,470
Eagle		4,801		3,707		8,508		-		-		-
Eastfair		4,919		2,956		7,875		3,264		2,956		6,220
Elevation		8,383		3,657		12,039		5,090		3,657		8,747
Ella		14,179		2,391		16,570		-		-		-
Ellen		557		-		557		-		-		-
Elm		6,586		2,300		8,886		2,490		2,300		4,790
Emporia		8,444		4,918		13,363		7,734		3,188		10,922
Ensenada		9,581		6,666		16,247		8,609		6,666		15,275
Falcon		5,497		3,723		9,220		-		-		-
Felix		841		-		841		-		-		-
Fenwick		3,003		-		3,003		-		-		-
Folly		19,375		5,126		24,502		1,550		713		2,263
Forest		8,735		4,823		13,558		4,438		4,823		9,261
Foster		1,275		-		1,275		-		-		-
Franklin		1,371		-		1,371		-		-		-
Gardens		3,141		3,031		6,173		2,937		1,010		3,947
General		780		-		780		-		-		-
Goose		4,434		3,455		7,888		-		-		-
Grant		7,504		4,451		11,955		11,521		4,451		15,972
Greenhill		8,947		4,444		13,391		7,813		3,006		10,819
Gretal		9,654		6,213		15,867		-		-		-
Grove		3,498		4,401		7,899		1,840		1,034		2,874
Hadden		3,038		2,981		6,019		6,319		2,036		8,355
Hansard		11,646		3,475		15,121		-		-		-
Hansel		10,945		5,564		16,509		-		-		-
Harrison		8,034		6,278		14,313		-		-		-
Henry		8,494		5,912		14,406		-		-		-
Heritage		5,913		4,506		10,419		3,561		667		4,228
Heron		5,172		4,474		9,646		1,632		657		2,289
Highland		6,280		3,942		10,222		-		-		-
Hines		6,430		3,510		9,940		1,724		-		1,724
Holcomb		5,948		4,880		10,828		2,171		-		2,171
Holland		5,958		2,909		8,867		12,004		2,909		14,913
Hollandaise		8,065		5,028		13,093		4,529		2,514		7,043
Holloway		8,500		4,672		13,171		4,657		4,672		9,329
Inglewood		10,176		9,377		19,554		-		-		-

8

	June 30, 2023						June 30, 2022
Series Name	Operating Expenses		Depreciation		Total Expenses		Operating Expenses		Depreciation		Total Expenses
Jack		12,263		6,377		18,640		8,651		1,900		10,551
Jake		10,286		8,093		18,379		1,899		-		1,899
Jefferson		8,973		3,148		12,121		-		-		-
Jill		7,424		5,461		12,885		-		-		-
Johnny		9,344		8,049		17,393		1,617		1,341		2,958
June		9,335		8,049		17,384		1,670		1,341		3,011
Jupiter		6,562		2,906		9,468		11,124		2,906		14,030
Kawana		3,877		3,786		7,663		2,857		1,893		4,750
Kennesaw		6,967		5,836		12,804		1,173		973		2,146
Kenny		11,693		9,477		21,170		-		-		-
KerriAnn		7,444		4,686		12,130		7,547		4,686		12,233
Kessler		6,300		4,111		10,411		-		-		-
Kingsley		9,812		4,290		14,103		4,587		4,290		8,877
Kirkwood		5,161		3,592		8,753		3,423		599		4,022
Korin		10,059		3,823		13,882		-		-		-
Lallie		18,563		5,115		23,678		3,724		5,115		8,839
Lanier		6,121		5,194		11,314		6,452		866		7,318
Lannister		4,907		3,027		7,933		7,209		610		7,819
Latte		6,937		5,011		11,948		1,534		-		1,534
Lennox		7,514		2,978		10,491		2,991		2,978		5,969
Lierly		2,804		2,932		5,736		4,121		2,932		7,053
Lily		7,247		7,493		14,739		8,107		6,920		15,027
Limestone		7,164		4,023		11,187		8,204		4,023		12,227
Litton		8,945		4,413		13,358		-		-		-
Longwoods		1,546		-		1,546		-		-		-
Lookout		8,768		4,741		13,509		1,193		-		1,193
Loretta		13,778		9,445		23,224		-		-		-
Louis		2,018		-		2,018		-		-		-
Louise		4,334		3,789		8,123		3,597		1,263		4,860
Lovejoy		7,624		4,096		11,720		5,974		2,005		7,979
Luna		5,790		2,956		8,746		3,601		2,956		6,557
Lurleen		6,271		4,240		10,511		-		-		-
Madison		8,565		2,828		11,392		1,643		-		1,643
Mae		6,474		4,864		11,338		-		-		-
Magnolia		3,676		4,154		7,830		2,636		575		3,211
Malbec		7,496		4,388		11,884		4,080		4,388		8,468
Mammoth		7,873		4,686		12,559		4,689		1,562		6,251
Marcelo		8,382		3,911		12,293		-		-		-
Marie		10,871		3,664		14,535		-		-		-
Marietta		4,787		4,131		8,918		-		-		-
Marion		1,749		-		1,749		-		-		-
Marple		3,957		-		3,957		-		-		-
Martell		9,195		-		9,195		-		-		-
Mary		4,619		-		4,619		-		-		-
Matchingham		8,118		2,913		11,031		4,441		2,913		7,354
McGregor		6,536		4,132		10,668		4,071		689		4,760
McLovin		14,227		6,219		20,446		10,828		6,219		17,047
Meadow		7,810		4,410		12,220		6,950		4,410		11,360
Mimosa		4,574		2,956		7,530		-		-		-
Mojave		4,377		3,525		7,902		3,151		3,525		6,676
Murphy		9,510		4,085		13,595		7,658		4,085		11,743
Mycroft		3,886		-		3,886		-		-		-

9

	June 30, 2023						June 30, 2022
Series Name	Operating Expenses		Depreciation		Total Expenses		Operating Expenses		Depreciation		Total Expenses
Nugget		3,715		7,694		11,409		1,484		-		1,484
Odessa		14,214		7,332		21,546		8,127		7,332		15,459
Olive		11,243		3,689		14,932		3,715		3,184		6,899
Oly		8,610		6,265		14,875		7,763		6,267		14,030
Onyx		1,410		-		1,410		-		-		-
Oscar		725		-		725		-		-		-
Osceola		7,603		-		7,603		-		-		-
Osprey		9,766		5,490		15,256		2,242		-		2,242
Otoro		20,514		5,243		25,757		11,009		1,953		12,962
Palmer		1,327		-		1,327		-		-		-
Patrick		1,041		3,096		4,138		4,836		2,886		7,722
Peanut		4,249		2,964		7,213		2,840		988		3,828
Pearl		10,487		7,498		17,985		1,333		-		1,333
Pecan		1,238		2,863		4,100		3,870		2,863		6,733
Piedmont		9,568		5,255		14,823		-		-		-
Pinot		6,849		4,429		11,279		4,034		4,429		8,463
Pioneer		7,544		7,845		15,389		1,816		1,307		3,123
Plumtree		1,679		2,768		4,447		3,969		2,768		6,737
Point		9,100		5,250		14,350		4,242		875		5,117
Porthos		1,902		-		1,902		-		-		-
Quincy		11,228		7,515		18,742		-		-		-
Redondo		17,221		4,309		21,530		-		-		-
Regency		7,561		3,161		10,722		-		-		-
Reginald		6,915		6,826		13,741		-		-		-
Reynolds		4,846		5,905		10,751		1,427		-		1,427
Ribbonwalk		6,511		4,395		10,906		8,704		4,395		13,099
Richardson		5,910		4,325		10,235		-		-		-
Ridge		8,181		2,992		11,173		3,469		2,992		6,461
Ritter		18,988		6,932		25,920		1,608		-		1,608
River		6,124		3,662		9,785		4,063		3,662		7,725
Riverwalk		8,077		5,427		13,505		1,009		905		1,914
Rooney		8,245		4,422		12,667		8,916		4,422		13,338
Roseberry		1,083		4,513		5,596		4,486		4,513		8,999
Rosewood		5,678		3,719		9,397		6,329		620		6,949
Roxy		8,158		4,479		12,637		2,243		747		2,990
Saddlebred		10,004		7,639		17,643		29,158		7,642		36,800
Saint		5,622		3,771		9,393		5,436		2,536		7,972
Sajni		17,868		3,457		21,324		-		-		-
Salem		6,574		4,387		10,961		4,331		4,387		8,718
Salinas		21,840		2,093		23,933		-		-		-
Saturn		6,465		2,984		9,449		4,763		3,200		7,963
Scepter		10,816		3,238		14,053		6,359		3,238		9,597
Sequoyah		13,386		3,401		16,786		-		-		-
Shallowford		12,991		4,970		17,961		-		-		-
Shoreline		8,916		4,260		13,176		4,958		4,260		9,218
Sigma		8,899		5,327		14,226		10,220		5,327		15,547
Simon		4,607		-		4,607		-		-		-
Sims		4,861		-		4,861		-		-		-

10

	June 30, 2023						June 30, 2022
Series Name	Operating Expenses		Depreciation		Total Expenses		Operating Expenses		Depreciation		Total Expenses
Soapstone		1,699		3,000		4,699		3,831		3,000		6,831
Sodalis		6,428		3,980		10,408		-		-		-
Spencer		7,557		4,157		11,714		4,819		4,157		8,976
Splash		3,007		2,978		5,984		2,760		2,978		5,738
Spring		5,200		3,401		8,602		-		-		-
Stonebriar		7,723		2,787		10,510		1,455		465		1,920
Sugar		6,673		4,279		10,952		5,163		4,279		9,442
Summerset		5,155		3,505		8,660		3,240		3,505		6,745
Sundance		11,552		5,104		16,657		-		-		-
Sunnyside		7,006		2,533		9,539		-		-		-
Swift		5,452		5,287		10,739		3,706		787		4,493
Taylor		3,446		3,680		7,126		-		-		-
Terracotta		9,481		3,787		13,268		5,342		1,262		6,604
Theodore		1,828		-		1,828		-		-		-
Tulip		6,118		4,363		10,481		2,309		1,454		3,763
Tuscan		2,365		4,439		6,804		5,321		4,439		9,760
Tuscarora		13,078		3,826		16,904		-		-		-
Tuxford		9,848		3,601		13,449		11,028		1,801		12,829
Vernon		7,776		6,031		13,807		7,413		3,619		11,032
Walton		16,348		4,123		20,471		1,117		-		1,117
Wave		7,763		4,569		12,332		5,070		2,307		7,377
Weldon		5,502		2,906		8,407		8,279		2,906		11,185
Wellington		8,811		6,139		14,950		-		-		-
Wentworth		4,787		3,417		8,204		3,156		3,417		6,573
Wescott		7,658		3,765		11,423		982		-		982
Westchester		12,854		4,687		17,541		5,344		4,687		10,031
Wildwood		5,480		3,031		8,512		1,651		505		2,156
Willow		6,596		4,025		10,620		-		-		-
Wilson		7,999		5,861		13,860		-		-		-
Windsor		3,859		4,809		8,668		4,983		4,809		9,792
Winston		6,034		4,519		10,553		-		-		-
Wisteria		3,630		4,076		7,706		3,907		1,359		5,266
Total Operating Expenses	$	1,723,452	$	901,791	$	2,625,243	$	648,247	$	332,889	$	981,136

11

Other Income (Expenses)

Other Income (Expenses) for the six months ended June 30, 2023, consisted of a total interest expense of $659,153, an increase of $281,850 compared to a total interest expense of $ $377,303 for the six months ended June 30, 2022. The increase in interest expense is due to an increase in outstanding mortgage loans. Additionally, Series Campbell, which has not been offered was divested on February 28, 2023 and incurred a loss of sale of $31,381.

On a consolidated basis, Other Income (Expenses) are generated at the series level and are derived from the other income, interest expense, and other expenses on the series property. All other income (expenses) generated during the six-month period ended June 30, 2023 and the six-month period ended June 30, 2022 are listed in the table below:

Other Income (Expenses)

Applicable Series	June 30, 2023			June 30, 2022
100	$	-		$	-
101					-
Abbington		-			-
Amber		(3,929	)		(4,174	)
Apollo		(5,817	)		(1,046	)
Aster		(4,223	)		-
Augusta		-			-
Avebury		(3,971	)		(2,800	)
Avondale		-			-
Badminton		(4,070	)		(4,070	)
Bandelier		(4,789	)		(4,789	)
Baron		10			-
Basil		(2,228	)		(3,078	)
Bayside		(3,873	)		(3,873	)
Bazzel		-			-
Bedford		(3,835	)		(2,577	)
Bella		-			-
Belle		-			-
Belvedere		-			-
Bergenia		-			-
Blossom		-			-
Bonneau		-			-
Brainerd		(4,737	)		-
Braxton		(493	)		-
Brennan		(4,495	)		-
Brooklyn		(2,694	)		-
Burlington		43			-
Butter		(5,130	)		(5,130	)
Camino		-			-
Campbell		(31,381	)		-
Cawley		-			-
Centennial		(4,438	)		(4,438	)
Chaparral		(2,154	)		(2,235	)
Chelsea		(4,215	)		(2,972	)
Chester		(6,161	)		-
Chickamauga		8			-
Chinook		-			-
Chitwood		-			-
Clover		-			-
Coatbridge		(4,778	)		(4,100	)
Collier		-			-
Collinston		(2,674	)		(2,674	)
Conway		(493	)		-
Cove		2			-
Creekside		-			-

12

Applicable Series	June 30, 2023			June 30, 2022
Creekwood		(4,795	)		-
Cumberland		-			-
Cupcake		(2,814	)		(2,814	)
Cypress		(6,045	)		-
Daisy		-			-
Davidson		(2,879	)		(2,879	)
Dawson		(3,419	)		(3,419	)
Delta		(4,435	)		(3,891	)
Dewberry		(2,836	)		(2,836	)
Diablo		(4,067	)		(4,067	)
Dogwood		-			-
Dolittle		(4,060	)		(4,060	)
Dolly		-			-
Dops		-			-
Dorchester		-			-
Dunbar		15			-
Eagle		(4,529	)		-
Eastfair		(3,506	)		(3,506	)
Elevation		(4,240	)		(4,017	)
Ella		(4,024	)		-
Ellen		-			-
Elm		(1,887	)		(2,506	)
Emporia		(4,790	)		(4,124	)
Ensenada		(7,656	)		(7,656	)
Falcon		(4,529	)		-
Felix		-			-
Fenwick		-			-
Folly		-			-
Forest		(5,302	)		(5,302	)
Foster		-			-
Franklin		-			-
Gardens		(3,271	)		(1,816	)
General		-			-
Goose		(4,220	)		-
Grant		(5,063	)		(5,062	)
Greenhill		(4,454	)		(4,227	)
Gretal		25			-
Grove		(3,773	)		(1,970	)
Hadden		(2,811	)		(2,358	)
Hansard		-			-
Hansel		(6,771	)		-
Harrison		(7,619	)		-
Henry		-			-
Heritage		(4,859	)		(2,129	)
Heron		(7,195	)		(1,868	)
Highland		-			-
Hines		15			-
Holcomb		-			-
Holland		(2,879	)		(2,879	)
Hollandaise		(4,303	)		(3,584	)
Holloway		(5,160	)		(5,160	)
Inglewood		(458	)		-

13

Applicable Series	June 30, 2023			June 30, 2022
Jack		(6,384	)		(3,579	)
Jake		-			-
Jefferson		-			-
Jill		(6,644	)		-
Johnny		(15,288	)		(2,367	)
June		(15,288	)		(2,367	)
Jupiter		(3,262	)		(3,262	)
Kawana		(3,766	)		(2,884	)
Kennesaw		-			-
Kenny		-			-
KerriAnn		(4,655	)		(4,655	)
Kessler		(6,385	)		-
Kingsley		(5,020	)		(5,020	)
Kirkwood		(4,358	)		(1,693	)
Korin		-			-
Lallie		(5,614	)		(5,614	)
Lanier		(6,313	)		(2,940	)
Lannister		(3,588	)		(873	)
Latte		-			-
Lennox		(3,267	)		(3,267	)
Lierly		(2,645	)		(2,806	)
Lily		(6,087	)		(6,087	)
Limestone		(4,533	)		(3,690	)
Litton		(5,145	)		-
Longwoods		-			-
Lookout		-			-
Loretta		15			-
Louis		-			-
Louise		(4,017	)		(2,340	)
Lovejoy		(2,854	)		(3,786	)
Luna		(3,506	)		(3,506	)
Lurleen		(4,159	)		-
Madison		(4,038	)		(812	)
Mae		-			-
Magnolia		(4,993	)		(1,801	)
Malbec		(4,891	)		(4,891	)
Mammoth		(5,695	)		(2,910	)
Marcelo		-			-
Marie		-			-
Marietta		(5,039	)		-
Marion		-			-
Marple		-			-
Martell		-			-
Mary		-			-
Matchingham		(2,867	)		(2,867	)
McGregor		-			-
McLovin		(7,174	)		(7,179	)
Meadow		(4,203	)		(4,203	)
Mimosa		(3,954	)		-
Mojave		(3,731	)		(3,013	)
Murphy		(4,054	)		(4,054	)
Mycroft		-			-
Nugget		10			-

14

Applicable Series	June 30, 2023			June 30, 2022
Odessa		(7,315	)		(7,315	)
Olive		(2,950	)		(2,950	)
Oly		(7,147	)		(7,192	)
Onyx		-			-
Oscar		-			-
Osceola		-			-
Osprey		-			-
Otoro		(5,363	)		(3,007	)
Palmer		-			-
Patrick		(2,139	)		(2,271	)
Peanut		(4,911	)		(1,434	)
Pearl		10			-
Pecan		(2,228	)		(2,366	)
Piedmont		(6,377	)		-
Pinot		(4,945	)		(4,945	)
Pioneer		-			-
Plumtree		(2,243	)		(2,379	)
Point		(6,405	)		(3,054	)
Porthos		-			-
Quincy		(4,225	)		-
Redondo		(5,742	)		-
Regency		(5,150	)		-
Reginald		(493	)		-
Reynolds		-			-
Ribbonwalk		(4,380	)		(4,380	)
Richardson		-			-
Ridge		(3,680	)		(3,283	)
Ritter		-			-
River		(4,017	)		(4,017	)
Riverwalk		-			-
Rooney		(5,591	)		(5,063	)
Roseberry		(4,924	)		(4,924	)
Rosewood		(4,525	)		(1,907	)
Roxy		(5,252	)		(2,457	)
Saddlebred		(6,496	)		(6,496	)
Saint		(4,146	)		(3,912	)
Sajni		-			-
Salem		(4,983	)		(4,983	)
Salinas		-			-
Saturn		(3,262	)		(3,262	)
Scepter		(3,698	)		(3,698	)
Sequoyah		(4,030	)		-
Shallowford		(5,988	)		-
Shoreline		(4,948	)		(4,948	)
Sigma		(5,268	)		(4,440	)
Simon		-			-
Sims		-			-

15

Applicable Series	June 30, 2023			June 30, 2022
Soapstone		(2,561	)		(2,746	)
Sodalis		-			-
Spencer		(4,554	)		(4,554	)
Splash		(2,366	)		(2,543	)
Spring		-			-
Stonebriar		(3,221	)		(1,357	)
Sugar		(5,354	)		(4,706	)
Summerset		(3,873	)		(3,873	)
Sundance		(5,742	)		-
Sunnyside		-			-
Swift		-			-
Taylor		(3,095	)		-
Terracotta		(4,353	)		(3,501	)
Theodore		-			-
Tulip		(5,310	)		(2,948	)
Tuscan		(3,503	)		(3,765	)
Tuscarora		-			-
Tuxford		(3,493	)		(2,713	)
Vernon		(3,558	)		(3,558	)
Walton		(10,173	)		(508	)
Wave		(4,380	)		(3,354	)
Weldon		(2,674	)		(2,674	)
Wellington		-			-
Wentworth		(3,129	)		(3,129	)
Wescott		(4,125	)		(464	)
Westchester		(5,055	)		(4,645	)
Wildwood		(3,044	)		(1,126	)
Willow		-			-
Wilson		-			-
Windsor		(5,311	)		(5,311	)
Winston		-			-
Wisteria		(4,966	)		(2,593	)
Total other income (expenses)	$	(659,153	)	$	(377,303	)

Liquidity and Capital Resources

From inception, our manager has financed the business activities of each series. Upon the first closing of a particular series offering, the manager is reimbursed out of the proceeds of the relevant offering. Until such time as the series have the capacity to generate cash flows from operations, our manager may cover any deficits through capital contributions, which may be reimbursed upon closing of the relevant offering.

16

Cash and Cash Equivalent Balances

Cash is held at the series level. Any material differences in cash balances are results from cash received from net proceeds from operations, financing received from the issuance of membership units from each Series, and receipts and /or repayments of amounts due to related party.

The following table summarizes the cash and cash equivalents by series as of June 30, 2023, and June 30, 2022:

Cash & Cash Equivalents

Series Name	June 30, 2023		June 30, 2022
100	$	26,693	$	32,007
101		12,708		22,183
Abbington		7,354		28,877
Amber		5,007		8,024
Apollo		808		2,731
Aster		1,708		-
Augusta		-		-
Avebury		2,628		1,914
Avondale		25,496		-
Badminton		10,875		16,256
Bandelier		13,904		11,799
Baron		20,361		31,278
Basil		7,951		12,453
Bayside		10,147		20,107
Bazzel		14,795		-
Bedford		17,309		14,514
Bella		-		-
Belle		2,530		-
Belvedere		24,045		-
Bergenia		-		-
Blossom		24,967		-
Bonneau		5,016		-
Brainerd		7,819		-
Braxton		13,396		-
Brennan		14,230		-
Brooklyn		5,411		-
Burlington		4,397		31,211
Butter		6,000		12,151
Camino		17,466		-
Campbell		-		-
Cawley		-		-
Centennial		11,429		12,780
Chaparral		16,968		18,287
Chelsea		4,062		661
Chester		4,231		-
Chickamauga		20,668		-
Chinook		-		-
Chitwood		10,157		-
Clover		19,229		-
Coatbridge		5,521		18,400
Collier		9,444		-
Collinston		756		5,907
Conway		11,638		-
Cove		15,120		-
Creekside		18,709		-
Creekwood		1,100		-
Cumberland		19,960		-
Cupcake		10,862		12,852

17

Series Name	June 30, 2023		June 30, 2022
Cypress		1,386		-
Daisy		16,872		-
Davidson		5,026		6,822
Dawson		617		15,620
Delta		329		13,176
Dewberry		2,978		5,208
Diablo		756		-
Dogwood		15,041		-
Dolittle		6,330		15,855
Dolly		7,860		-
Dops		13,501		-
Dorchester		7,606		-
Dunbar		365		38,125
Eagle		5,781		-
Eastfair		13,456		15,809
Elevation		1,974		15,284
Ella		12,355		-
Ellen		-		-
Elm		3,735		13,777
Emporia		1,479		6,754
Ensenada		20,290		24,992
Falcon		8,994		-
Felix		-		-
Fenwick		-		-
Folly		10,150		-
Forest		333		18,993
Foster		-		-
Franklin		-		-
Gardens		6,315		10,139
General		-		-
Goose		11,055		-
Grant		10,542		18,692
Greenhill		8,502		13,872
Gretal		19,662		-
Grove		1,394		14,836
Hadden		9,814		11,613
Hansard		17,297		-
Hansel		14,596		-
Harrison		4,033		-
Henry		10,141		-
Heritage		3,953		7,183
Heron		813		1,362
Highland		3,442		-
Hines		10,999		13,276
Holcomb		12,491		21,655
Holland		2,399		6,862
Hollandaise		3,850		11,478
Holloway		9,342		17,797
Inglewood		3,215		-

18

Series Name	June 30, 2023		June 30, 2022
Jack		5,552		6,635
Jake		19,700		16,866
Jefferson		13,357		-
Jill		4,399		-
Johnny		24,853		601,306
June		11,519		659,380
Jupiter		5,976		5,589
Kawana		775		353
Kennesaw		10,151		17,925
Kenny		13,986		-
KerriAnn		12,084		14,773
Kessler		2,932		-
Kingsley		9,380		17,099
Kirkwood		2,050		486
Korin		18,288		-
Lallie		2,013		18,893
Lanier		13,178		23,739
Lannister		839		9,300
Latte		17,506		15,944
Lennox		11,801		20,603
Lierly		18,985		21,719
Lily		37,478		41,973
Limestone		10,059		13,527
Litton		8,852		-
Longwoods		-		-
Lookout		5,073		40,026
Loretta		11,582		-
Louis		-		-
Louise		9,318		23,928
Lovejoy		3,100		7,120
Luna		11,216		13,626
Lurleen		7,369		-
Madison		5,709		17,056
Mae		25,752		-
Magnolia		301		3,052
Malbec		14,839		19,612
Mammoth		8,233		18,462
Marcelo		15,067		-
Marie		16,827		-
Marietta		5		-
Marion		-		-
Marple		17,312		-
Martell		22,498		-
Mary		-		-
Matchingham		13,673		19,209
McGregor		7,246		20,313
McLovin		8,118		17,446
Meadow		3,774		8,692
Mimosa		4,549		-
Mojave		7,116		11,492
Murphy		15,304		17,386
Mycroft		17,402		-

19

Series Name	June 30, 2023		June 30, 2022
Nugget		11,154		25,483
Odessa		3,699		15,453
Olive		3,937		16,678
Oly		14,856		25,966
Onyx		7		-
Oscar		-		-
Osceola		-		-
Osprey		14,934		17,340
Otoro		1,752		8,846
Palmer		-		-
Patrick		6,064		15,021
Peanut		3,865		3,511
Pearl		22,990		29,135
Pecan		16,212		21,620
Piedmont		3,072		-
Pinot		16,081		20,207
Pioneer		16,858		27,814
Plumtree		23,069		24,714
Point		12,530		19,793
Porthos		-		-
Quincy		23,128		-
Redondo		3,004		-
Regency		10,552		-
Reginald		8,148		-
Reynolds		9,220		19,148
Ribbonwalk		5,220		12,892
Richardson		17,738		-
Ridge		9,501		17,483
Ritter		7,308		26,056
River		14,261		19,384
Riverwalk		12,390		-
Rooney		3,228		6,670
Roseberry		5,894		9,857
Rosewood		237		2,925
Roxy		2,814		14,073
Saddlebred		18,105		7,908
Saint		21,570		20,414
Sajni		3,092		-
Salem		10,638		18,815
Salinas		8,523		-
Saturn		5,365		5,669
Scepter		3,460		10,559
Sequoyah		2,086		-
Shallowford		3,422		-
Shoreline		6,640		14,401
Sigma		10,998		40,291
Simon		-		-
Sims		13,243		-
Soapstone		16,354		19,067
Sodalis		4,595		-

20

Series Name	June 30, 2023		June 30, 2022
Spencer		7,580		15,535
Splash		12,509		18,044
Spring		11,512		-
Stonebriar		855		1,839
Sugar		11,694		19,495
Summerset		5,152		12,019
Sundance		7,151		-
Sunnyside		18,290		-
Swift		7,291		17,971
Taylor		2,444		-
Terracotta		8,687		13,827
Theodore		-		-
Tulip		1,104		5,102
Tuscan		10,405		21,321
Tuscarora		22,101		-
Tuxford		3,577		428
Vernon		3,630		9,490
Walton		1,763		-
Wave		1,504		13,383
Weldon		8,964		7,866
Wellington		13,430		-
Wentworth		8,775		11,941
Wescott		4,768		7,505
Westchester		12,663		21,298
Wildwood		6,319		15,998
Willow		4,530		-
Wilson		19,230		-
Windsor		15,982		21,850
Winston		18,351		-
Wisteria		16,388		12,996
Total Cash & Cash Equivalents	$	2,029,499	$	3,182,203

21

Plan of Operations

We intend to hold and manage the series properties for five to seven years during which time we will operate the series properties as single-family rental income properties. During this period, we intend to distribute any Free Cash Flow to investors.

As each of our properties reaches what we believe to be its optimum value, we will consider disposing of the property. The determination of when a particular property should be sold or otherwise disposed of will be made after consideration of relevant factors, including prevailing and projected economic conditions, whether the value of the property is anticipated to appreciate or decline substantially, local regulatory changes, environmental and other factors that may reduce the desirability of single-family rentals in a particular market, and how operating history may impact the potential sales price. The manager may determine that it is in the best interests of members to sell a property earlier than five years or to hold a property for more than seven years.

We plan to launch a number of additional series and related offerings in the next twelve months.  As of the current date, we do not know how many series we will be offering. However, in any case, the aggregate dollar amount of all of the series interests that we will sell within the 12-month period will not exceed the maximum amount allowed under Regulation A. It is anticipated that the proceeds from any offerings closed during the next twelve months will be used to acquire additional properties.

Our Policies for Approving New Tenants 

We intend to seek out tenants for our properties who are financially responsible and capable of paying their rent. We will conduct due diligence on prospective tenant applicants by (a) verifying their incomes, (b) running credit checks, (c) performing criminal background checks, and (d) requesting references from previous landlords. While we do not have specific standards for any of these items, we will use these screening methods to determine, prior to approving a lease, whether we believe a potential lessee is financially responsible.

Trend Information

Our results of operations are affected by a variety of factors, including conditions in the financial markets and the economic and political environments, particularly in the United States. Global economic conditions, including political environments, financial market performance, interest rates, credit spreads or other conditions beyond our control are unpredictable and could negatively affect the value of the series properties, our ability to acquire and manage single family rentals and the success of our current and future offerings. In addition to the aforementioned macroeconomic trends, we believe the following factors will influence our future performance:

- Recent increases in interest rates may have a negative effect on the demand for our offerings due to the attractiveness of alternative investments.

- The continuing increase in prices in the United States housing market may result in difficulties in sourcing properties and meeting demand for our offerings.

- Continued increases in remote work arrangements may lead to greater rental activity in our target markets.

ITEM 2. OTHER INFORMATION

We have no information to disclose that was required to be in a report on Form 1-U during the semiannual period ended June 30, 2023, but was not reported. 

22

ITEM 3. FINANCIAL STATEMENTS

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING FINANCIAL STATEMENTS

AS OF AND FOR THE SIX MONTH ENDED JUNE 30, 2023 AND 2022

CONSOLIDATED AND CONSOLIDATING BALANCE SHEET AS OF JUNE 30, 2023 (UNAUDITED)	F-2
CONSOLIDATED AND CONSOLIDATING BALANCE SHEET AS DECEMBER 31, 2022 (AUDITED)	F-35
CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) FOR THE SIX MONTHS ENDED JUNE 30, 2023 (UNAUDITED)	F-64
CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)	F-97
CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY (DEFICIT) FOR THE SIX MONTHS ENDED JUNE 30, 2023 (UNAUDITED)	F-111
CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY (DEFICIT) FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)	F-144
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2023 (UNAUDITED)	F-158
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)	F-191
NOTES TO CONSOLIDATED AND CONSOLIDATING FINANCIAL STATEMENTS	F-205

F-1

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

		100			101			Abbington			Amber			Apollo			Aster			Augusta
ASSETS
Current assets:
Cash	$	26,693		$	12,708		$	7,354		$	5,007		$	808		$	1,708		$	-
Accounts receivable		-			30,460			-			-			-			-			-
Prepaid expenses		1,469			1,513			1,400			1,228			219			870			-
Due from related party		-			-			-			-			2,046			-			-
Due from third party property manager		9,158			-			-			6,458			4,914			3,508			-
Total current assets		37,319			44,681			8,754			12,693			7,987			6,086			-
Property and equipment, net		600,998			621,942			475,904			292,956			191,988			250,989			298,848
Deposits		-			-			-			-			-			-			-
Total assets	$	638,317		$	666,623		$	484,658		$	305,649		$	199,976		$	257,075		$	298,848
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	14,224		$	7,856		$	7,789		$	5,351		$	2,197		$	3,779		$	936
Due to related party		10,823			43,228			6,198			5,635			-			2,658			298,848
Due to third party property manager		-			285			4,547			-			-			-			296
Total current liabilities		25,047			51,368			18,534			10,986			2,197			6,438			300,080
Tenant deposits		3,745			-			2,845			2,843			1,744			2,245			-
Mortgage payable, net		-			-			-			198,705			133,146			124,200			-
Total liabilities		28,792			51,368			21,379			212,534			137,087			132,883			300,080
Members’ equity (deficit):
Members’ capital		611,857			659,013			489,293			117,247			74,894			153,919			30
Retained earnings (accumulated deficit)		(2,331	)		(43,759	)		(26,014	)		(24,132	)		(12,006	)		(29,727	)		(1,262	)
Total members’ equity (deficit)		609,526			615,254			463,279			93,115			62,889			124,192			(1,232	)
Total liabilities and members’ equity (deficit)	$	638,317		$	666,623		$	484,658		$	305,649		$	199,976		$	257,075		$	298,848

F-2

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Avebury			Avondale			Badminton			Bandelier			Baron			Basil			Bayside
ASSETS
Current assets:
Cash	$	2,628		$	25,496		$	10,875		$	13,904		$	20,361		$	7,951		$	10,147
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		1,258			851			602			1,779			1,656			943			3,082
Due from related party		-			799			-			-			-			-			-
Due from third party property manager		7,177			-			3,734			6,107			6,090			1,401			6,504
Total current assets		11,064			27,146			15,212			21,790			28,107			10,294			19,732
Property and equipment, net		282,990			331,707			242,505			337,923			566,714			192,626			244,101
Deposits		-			-			-			-			-			-			-
Total assets	$	294,054		$	358,853		$	257,717		$	359,713		$	594,821		$	202,920		$	263,833
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	3,972		$	3,343		$	3,379		$	3,139		$	7,920		$	2,775		$	4,818
Due to related party		2,532			-			3,767			4,137			19,036			3,313			3,448
Due to third party property manager		-			20			-			-			-			-			-
Total current liabilities		6,504			3,363			7,146			7,276			26,956			6,088			8,266
Tenant deposits		1,795			-			2,993			2,195			4,395			1,495			2,619
Mortgage payable, net		200,828			-			171,881			242,487			-			129,702			163,503
Total liabilities		209,128			3,363			182,019			251,957			31,351			137,285			174,388
Members’ equity (deficit):
Members’ capital		101,357			359,466			85,171			124,098			575,405			70,939			95,602
Retained earnings (accumulated deficit)		(16,431	)		(3,975	)		(9,474	)		(16,343	)		(11,935	)		(5,304	)		(6,157	)
Total members’ equity (deficit)		84,926			355,490			75,697			107,755			563,470			65,634			89,445
Total liabilities and members’ equity (deficit)	$	294,054		$	358,853		$	257,717		$	359,713		$	594,821		$	202,920		$	263,833

F-3

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Bazzel			Bedford			Bella			Belle			Belvedere			Bergenia			Blossom
ASSETS
Current assets:
Cash	$	14,795		$	17,309		$	-		$	2,530		$	24,045		$	-		$	24,967
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		1,035			1,299			-			1,885			779			721			953
Due from related party		-			-			-			-			126			-			-
Due from third party property manager		3,857			9,255			-			8,786			-			-			3,817
Total current assets		19,687			27,863			-			13,201			24,950			721			29,737
Property and equipment, net		262,450			273,160			308,439			432,007			297,105			-			250,482
Deposits		-			-			-			-			-			-			-
Total assets	$	282,137		$	301,023		$	308,439		$	445,207		$	322,055		$	721		$	280,219
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	5,478		$	3,593		$	761		$	8,479		$	3,158		$	879		$	9,079
Due to related party		22,188			2,610			308,663			3,846			-			-			1,989
Due to third party property manager		-			-			-			-			1,757			-			-
Total current liabilities		27,666			6,202			309,424			12,325			4,914			879			11,068
Tenant deposits		1,795			4,590			-			2,495			2,295			-			1,845
Mortgage payable, net		-			194,520			-			-			-			-			-
Total liabilities		29,461			205,312			309,424			14,820			7,209			879			12,913
Members’ equity (deficit):
Members’ capital		259,921			97,798			-			454,289			322,875			-			273,058
Retained earnings (accumulated deficit)		(7,245	)		(2,087	)		(985	)		(23,902	)		(8,029	)		(159	)		(5,752	)
Total members’ equity (deficit)		252,677			95,711			(985	)		430,387			314,845			(159	)		267,306
Total liabilities and members’ equity (deficit)	$	282,137		$	301,023		$	308,439		$	445,207		$	322,055		$	721		$	280,219

F-4

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Bonneau			Brainerd			Braxton			Brennan			Brooklyn			Burlington			Butter
ASSETS
Current assets:
Cash	$	5,016		$	7,819		$	13,396		$	14,230		$	5,411		$	4,397		$	6,000
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		2,034			1,085			1,323			1,900			820			3,523			2,911
Due from related party		-			10,856			-			-			8,990			-			-
Due from third party property manager		6,793			6,436			4,914			2,133			-			9,901			11,232
Total current assets		13,843			26,196			19,633			18,263			15,221			17,820			20,144
Property and equipment, net		334,508			288,407			318,297			221,670			170,120			636,000			364,125
Deposits		-			-			-			-			-			-			-
Total assets	$	348,352		$	314,603		$	337,930		$	239,933		$	185,342		$	653,820		$	384,269
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	8,125		$	8,978		$	10,930		$	2,425		$	5,615		$	8,271		$	5,311
Due to related party		6,334			-			4,855			14,910			-			12,593			9,160
Due to third party property manager		-			-			-			-			9,835			-			-
Total current liabilities		14,459			8,978			15,786			17,335			15,450			20,864			14,471
Tenant deposits		2,295			2,595			2,045			1,994			1,249			3,395			2,795
Mortgage payable, net		-			141,798			-			153,752			81,167			-			259,851
Total liabilities		16,754			153,371			17,831			173,080			97,867			24,259			277,117
Members’ equity (deficit):
Members’ capital		349,483			168,239			340,007			87,955			102,686			641,869			124,914
Retained earnings (accumulated deficit)		(17,885	)		(7,007	)		(19,908	)		(21,102	)		(15,211	)		(12,309	)		(17,762	)
Total members’ equity (deficit)		331,598			161,232			320,099			66,853			87,475			629,561			107,152
Total liabilities and members’ equity (deficit)	$	348,352		$	314,603		$	337,930		$	239,933		$	185,342		$	653,820		$	384,269

F-5

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Camino			Campbell			Cawley			Centennial			Chaparral		Chelsea			Chester
ASSETS
Current assets:
Cash	$	17,466		$	-		$	-		$	11,429		$	16,968	$	4,062		$	4,231
Accounts receivable		-			-			-			-			-		-			-
Prepaid expenses		838			-			-			406			637		2,341			897
Due from related party		-			-			-			-			-		6,211			12,580
Due from third party property manager		5,269			9,738			-			3,774			2,441		6,235			6,235
Total current assets		23,573			9,738			-			15,608			20,045		18,850			23,944
Property and equipment, net		260,564			-			316,203			271,007			184,212		299,897			364,723
Deposits		-			-			-			-			-		-			-
Total assets	$	284,137		$	9,738		$	316,203		$	286,615		$	204,257	$	318,747		$	388,667
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	8,145		$	663		$	2,309		$	3,009		$	5,774	$	4,593		$	3,825
Due to related party		216			69,756			314,993			3,837			4,301		-			-
Due to third party property manager		-			-			2,782			-			-		-			-
Total current liabilities		8,361			70,419			320,084			6,846			10,075		4,593			3,825
Tenant deposits		1,994			-			-			1,895			3,000		1,895			2,445
Mortgage payable, net		-			-			-			187,534			103,113		213,230			181,530
Total liabilities		10,355			70,419			320,084			196,275			116,188		219,719			187,800
Members’ equity (deficit):
Members’ capital		276,793			3,161			-			101,834			86,050		109,886			217,282
Retained earnings (accumulated deficit)		(3,011	)		(63,841	)		(3,881	)		(11,493	)		2,020		(10,858	)		(16,415	)
Total members’ equity (deficit)		273,782			(60,680	)		(3,881	)		90,341			88,070		99,028			200,866
Total liabilities and members’ equity (deficit)	$	284,137		$	9,738		$	316,203		$	286,615		$	204,257	$	318,747		$	388,667

F-6

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Chickamauga			Chinook			Chitwood			Clover			Coatbridge			Collier			Collinston
ASSETS
Current assets:
Cash	$	20,668		$	-		$	10,157		$	19,229		$	5,521		$	9,444		$	756
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		1,535			-			980			1,210			1,395			956			744
Due from related party		-			-			3,772			3,421			-			-			-
Due from third party property manager		6,476			-			6,740			5,895			4,948			4,813			8,010
Total current assets		28,679			-			21,649			29,755			11,864			15,213			9,510
Property and equipment, net		370,044			306,915			375,740			314,353			258,347			348,824			202,137
Deposits		-			-			-			-			-			-			-
Total assets	$	398,723		$	306,915		$	397,390		$	344,108		$	270,211		$	364,037		$	211,646
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	8,864		$	2,219		$	10,046		$	9,628		$	3,482		$	5,247		$	1,984
Due to related party		1,713			305,696			-			-			3,240			9,470			13,690
Due to third party property manager		-			101			-			-			-			-			-
Total current liabilities		10,578			308,017			10,046			9,628			6,721			14,717			15,674
Tenant deposits		2,545			-			2,795			1,895			2,993			2,445			4,033
Mortgage payable, net		-			-			-			-			173,162			-			134,830
Total liabilities		13,123			308,017			12,841			11,523			182,876			17,162			154,538
Members’ equity (deficit):
Members’ capital		389,128			-			392,979			336,741			102,959			364,909			84,758
Retained earnings (accumulated deficit)		(3,528	)		(1,102	)		(8,431	)		(4,156	)		(15,625	)		(18,034	)		(27,649	)
Total members’ equity (deficit)		385,600			(1,102	)		384,549			332,585			87,335			346,875			57,109
Total liabilities and members’ equity (deficit)	$	398,723		$	306,915		$	397,390		$	344,108		$	270,211		$	364,037		$	211,646

F-7

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Conway			Cove			Creekside			Creekwood			Cumberland			Cupcake			Cypress
ASSETS
Current assets:
Cash	$	11,638		$	15,120		$	18,709		$	1,100		$	19,960		$	10,862		$	1,386
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		2,255			927			1,057			2,405			880			467			3,945
Due from related party		-			-			-			12,544			-			2,755			1,252
Due from third party property manager		8,598			4,471			5,908			7,051			4,945			1,458			13,581
Total current assets		22,491			20,518			25,673			23,100			25,785			15,542			20,164
Property and equipment, net		674,597			210,970			305,460			284,204			290,897			217,804			359,424
Deposits		-			-			-			-			-			-			-
Total assets	$	697,088		$	231,488		$	331,133		$	307,304		$	316,683		$	233,346		$	379,588
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	9,195		$	3,249		$	10,452		$	2,911		$	6,428		$	3,727		$	4,644
Due to related party		19,809			1,249			2,408			-			989			-			-
Due to third party property manager		-			-			-			-			-			-			-
Total current liabilities		29,005			4,498			12,860			2,911			7,417			3,727			4,644
Tenant deposits		3,250			1,595			2,395			1,795			1,695			1,595			2,395
Mortgage payable, net		-			-			-			141,105			-			150,030			178,936
Total liabilities		32,255			6,093			15,255			145,811			9,112			155,352			185,975
Members’ equity (deficit):
Members’ capital		697,686			228,297			318,207			171,666			309,497			78,557			213,300
Retained earnings (accumulated deficit)		(32,853	)		(2,903	)		(2,328	)		(10,173	)		(1,926	)		(563	)		(19,687	)
Total members’ equity (deficit)		664,833			225,394			315,878			161,493			307,571			77,994			193,613
Total liabilities and members’ equity (deficit)	$	697,088		$	231,488		$	331,133		$	307,304		$	316,683		$	233,346		$	379,588

F-8

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Daisy			Davidson			Dawson			Delta			Dewberry			Diablo			Dogwood
ASSETS
Current assets:
Cash	$	16,872		$	5,026		$	617		$	329		$	2,978		$	756		$	15,041
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		969			1,925			2,015			2,296			24			1,255			1,107
Due from related party		-			-			-			-			-			-			-
Due from third party property manager		5,248			2,985			5,321			-			6,479			4,809			5,700
Total current assets		23,089			9,936			7,954			2,624			9,481			6,820			21,848
Property and equipment, net		295,867			202,810			219,715			331,158			180,749			289,671			236,054
Deposits		-			-			-			-			-			-			-
Total assets	$	318,955		$	212,746		$	227,668		$	333,782		$	190,230		$	296,492		$	257,902
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	7,201		$	2,268		$	2,896		$	2,811		$	2,526		$	4,805		$	6,891
Due to related party		2,587			6,153			11,976			31,242			3,635			22,466			3,744
Due to third party property manager		-			-			-			4,711			-			-			-
Total current liabilities		9,788			8,421			14,872			38,764			6,161			27,271			10,636
Tenant deposits		1,695			1,806			1,745			-			2,393			2,145			2,243
Mortgage payable, net		-			145,251			144,185			224,465			119,399			205,706			-
Total liabilities		11,483			155,478			160,803			263,228			127,952			235,122			12,878
Members’ equity (deficit):
Members’ capital		313,113			74,516			86,639			119,272			74,253			103,293			248,124
Retained earnings (accumulated deficit)		(5,640	)		(17,248	)		(19,773	)		(48,719	)		(11,975	)		(41,923	)		(3,100	)
Total members’ equity (deficit)		307,472			57,268			66,866			70,553			62,278			61,369			245,024
Total liabilities and members’ equity (deficit)	$	318,955		$	212,746		$	227,668		$	333,782		$	190,230		$	296,492		$	257,902

F-9

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Dolittle			Dolly			Dops			Dorchester			Dunbar			Eagle			Eastfair
ASSETS
Current assets:
Cash	$	6,330		$	7,860		$	13,501		$	7,606		$	365		$	5,781		$	13,456
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		1,418			1,890			861			2,548			578			1,781			1,630
Due from related party		-			-			-			-			-			14,376			-
Due from third party property manager		8,038			8,481			2,993			6,356			2,658			1,501			5,695
Total current assets		15,786			18,231			17,354			16,510			3,602			23,439			20,781
Property and equipment, net		294,908			677,458			203,389			337,973			315,999			266,309			204,501
Deposits		-			-			-			-			-			-			-
Total assets	$	310,694		$	695,689		$	220,744		$	354,483		$	319,601		$	289,749		$	225,282
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	4,374		$	9,382		$	5,415		$	5,913		$	4,334		$	3,865		$	4,018
Due to related party		3,097			13,040			518			8,448			14,555			-			3,304
Due to third party property manager		-			-			-			-			-			-			-
Total current liabilities		7,471			22,422			5,932			14,361			18,888			3,865			7,322
Tenant deposits		3,443			3,195			2,093			2,195			-			1,995			3,590
Mortgage payable, net		205,392			-			-			-			-			131,646			147,906
Total liabilities		216,306			25,617			8,025			16,556			18,888			137,505			158,818
Members’ equity (deficit):
Members’ capital		105,141			707,574			219,386			359,023			333,004			160,766			65,516
Retained earnings (accumulated deficit)		(10,753	)		(37,501	)		(6,667	)		(21,096	)		(32,292	)		(8,522	)		948
Total members’ equity (deficit)		94,388			670,072			212,719			337,927			300,712			152,243			66,464
Total liabilities and members’ equity (deficit)	$	310,694		$	695,689		$	220,744		$	354,483		$	319,601		$	289,749		$	225,282

F-10

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Elevation			Ella			Ellen			Elm			Emporia			Ensenada			Falcon
ASSETS
Current assets:
Cash	$	1,974		$	12,355		$	-		$	3,735		$	1,479		$	20,290		$	8,994
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		1,417			912			-			2,012			1,552			2,005			1,875
Due from related party		-			-			-			-			-			-			6,041
Due from third party property manager		7,847			5,052			-			6,956			4,547			10,081			5,828
Total current assets		11,238			18,319			-			12,703			7,578			32,376			22,738
Property and equipment, net		252,938			260,639			-			157,993			341,527			539,993			267,145
Deposits		-			-			-			-			-			-			-
Total assets	$	264,176		$	278,958		$	-		$	170,695		$	349,105		$	572,369		$	289,883
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	2,453		$	7,565		$	-		$	2,264		$	2,909		$	5,774		$	4,853
Due to related party		6,614			5,368			-			5,000			1,963			6,018			-
Due to third party property manager		-			-			557			-			-			-			-
Total current liabilities		9,067			12,933			557			7,265			4,873			11,792			4,853
Tenant deposits		3,990			1,795			-			1,495			2,495			3,295			1,950
Mortgage payable, net		170,344			(1,795	)		-			105,791			242,535			388,515			131,636
Total liabilities		183,401			12,934			557			114,550			249,902			403,602			138,439
Members’ equity (deficit):
Members’ capital		104,451			281,001			-			64,322			126,247			191,675			159,058
Retained earnings (accumulated deficit)		(23,676	)		(14,977	)		(557	)		(8,177	)		(27,044	)		(22,908	)		(7,614	)
Total members’ equity (deficit)		80,775			266,024			(557	)		56,145			99,203			168,767			151,444
Total liabilities and members’ equity (deficit)	$	264,176		$	278,958		$	-		$	170,695		$	349,105		$	572,369		$	289,883

F-11

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Felix			Fenwick			Folly			Forest			Foster			Franklin			Gardens
ASSETS
Current assets:
Cash	$	-		$	-		$	10,150		$	333		$	-		$	-		$	6,315
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		-			-			2,208			3,741			817			-			1,875
Due from related party		-			-			-			-			-			-			-
Due from third party property manager		-			1,116			7,083			11,098			-			-			10,301
Total current assets		-			1,116			19,442			15,172			817			-			18,491
Property and equipment, net		249,528			302,140			313,243			333,472			315,843			300,987			215,210
Deposits		-			-			-			-			-			-			-
Total assets	$	249,528		$	303,256		$	332,685		$	348,644		$	316,660		$	300,987		$	233,701
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	786		$	2,122		$	11,015		$	5,011		$	3,687		$	2,099		$	2,929
Due to related party		249,472			300,956			14,038			14,791			314,026			300,146			2,301
Due to third party property manager		111			-			-			-			141			113			-
Total current liabilities		250,369			303,078			25,053			19,801			317,853			302,358			5,230
Tenant deposits		-			2,095			2,695			2,595			-			-			6,173
Mortgage payable, net		-			-			-			225,207			-			-			134,800
Total liabilities		250,369			305,173			27,748			247,604			317,853			302,358			146,203
Members’ equity (deficit):
Members’ capital		-			388			323,494			138,237			82			-			93,979
Retained earnings (accumulated deficit)		(841	)		(2,304	)		(18,557	)		(37,196	)		(1,275	)		(1,371	)		(6,481	)
Total members’ equity (deficit)		(841	)		(1,916	)		304,937			101,040			(1,193	)		(1,371	)		87,498
Total liabilities and members’ equity (deficit)	$	249,528		$	303,256		$	332,685		$	348,644		$	316,660		$	300,987		$	233,701

F-12

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	General			Goose			Grant			Greenhill			Gretal			Grove			Hadden
ASSETS
Current assets:
Cash	$	-		$	11,055		$	10,542		$	8,502		$	19,662		$	1,394		$	9,814
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		-			2,028			2,435			2,251			1,337			1,493			1,768
Due from related party		-			6,048			-			-			-			-			-
Due from third party property manager		-			1,953			4,832			10,420			4,178			4,944			4,914
Total current assets		-			21,083			17,809			21,173			25,177			7,831			16,497
Property and equipment, net		318,419			248,147			359,480			316,900			445,531			230,819			213,876
Deposits		-			-			-			-			-			-			-
Total assets	$	318,419		$	269,231		$	377,289		$	338,073		$	470,707		$	238,650		$	230,372
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	543		$	4,239		$	3,606		$	3,745		$	8,393		$	2,306		$	3,042
Due to related party		318,631			-			4,406			3,092			3,170			5,923			1,509
Due to third party property manager		24			-			-			-			-			-			-
Total current liabilities		319,199			4,239			8,012			6,837			11,563			8,229			4,551
Tenant deposits		-			1,950			-			3,119			2,395			1,869			1,645
Mortgage payable, net		-			122,576			256,457			225,442			-			155,649			141,760
Total liabilities		319,199			128,765			264,469			235,398			13,958			165,747			147,956
Members’ equity (deficit):
Members’ capital		-			149,022			133,869			108,158			478,276			84,174			90,029
Retained earnings (accumulated deficit)		(780	)		(8,556	)		(21,050	)		(5,482	)		(21,527	)		(11,272	)		(7,613	)
Total members’ equity (deficit)		(780	)		140,466			112,819			102,675			456,749			72,902			82,417
Total liabilities and members’ equity (deficit)	$	318,419		$	269,231		$	377,289		$	338,073		$	470,707		$	238,650		$	230,372

F-13

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Hansard			Hansel			Harrison			Henry			Heritage			Heron			Highland
ASSETS
Current assets:
Cash	$	17,297		$	14,596		$	4,033		$	10,141		$	3,953		$	813		$	3,442
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		1,046			2,158			1,915			1,112			2,790			2,322			718
Due from related party		929			-			12,946			-			-			3,129			-
Due from third party property manager		6,671			5,611			8,696			9,570			18,591			6,314			6,713
Total current assets		25,942			22,365			27,590			20,823			25,333			12,578			10,873
Property and equipment, net		301,561			399,649			450,772			422,678			288,733			284,887			281,854
Deposits		-			-			-			-			-			-			-
Total assets	$	327,503		$	422,014		$	478,363		$	443,501		$	314,067		$	297,465		$	292,727
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	7,302		$	4,145		$	5,767		$	9,858		$	2,472		$	4,658		$	9,130
Due to related party		-			15,380			-			23,007			25,498			-			2,632
Due to third party property manager		-			-			-			-			-			-			-
Total current liabilities		7,302			19,525			5,767			32,864			27,971			4,658			11,762
Tenant deposits		2,450			2,095			3,145			2,450			1,995			2,369			2,843
Mortgage payable, net		-			197,338			224,650			-			200,816			198,731			-
Total liabilities		9,752			218,958			233,562			35,314			230,781			205,757			14,605
Members’ equity (deficit):
Members’ capital		323,904			233,453			261,645			427,465			104,080			103,196			288,897
Retained earnings (accumulated deficit)		(6,153	)		(30,397	)		(16,844	)		(19,279	)		(20,795	)		(11,489	)		(10,775	)
Total members’ equity (deficit)		317,751			203,056			244,801			408,186			83,285			91,708			278,122
Total liabilities and members’ equity (deficit)	$	327,503		$	422,014		$	478,363		$	443,501		$	314,067		$	297,465		$	292,727

F-14

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Hines			Holcomb			Holland			Hollandaise			Holloway			Inglewood			Jack
ASSETS
Current assets:
Cash	$	10,999		$	12,491		$	2,399		$	3,850		$	9,342		$	3,215		$	5,552
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		675			-			2,022			1,936			1,919			2,642			1,920
Due from related party		-			-			411			565			-			-			-
Due from third party property manager		-			17,660			5,475			13,553			8,757			10,489			6,603
Total current assets		11,674			30,151			10,307			19,903			20,018			16,346			14,074
Property and equipment, net		259,330			347,896			202,325			356,165			323,263			668,980			417,469
Deposits		-			-			-			-			-			-			-
Total assets	$	271,004		$	378,048		$	212,633		$	376,069		$	343,281		$	685,325		$	431,543
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	5,034		$	8,164		$	2,079		$	3,428		$	4,149		$	7,763		$	3,383
Due to related party		4,678			15,320			-			-			4,515			5,121			7,924
Due to third party property manager		5,029			-			-			-			-			-			-
Total current liabilities		14,741			23,484			2,079			3,428			8,664			12,884			11,307
Tenant deposits		1,845			2,095			2,168			2,295			3,119			3,645			2,995
Mortgage payable, net		-			-			145,256			252,952			218,246			-			286,828
Total liabilities		16,586			25,579			149,502			258,676			230,029			16,529			301,130
Members’ equity (deficit):
Members’ capital		263,556			365,713			85,907			141,424			128,299			705,398			149,339
Retained earnings (accumulated deficit)		(9,138	)		(13,245	)		(22,777	)		(24,031	)		(15,047	)		(36,601	)		(18,926	)
Total members’ equity (deficit)		254,418			352,468			63,131			117,393			113,252			668,797			130,413
Total liabilities and members’ equity (deficit)	$	271,004		$	378,048		$	212,633		$	376,069		$	343,281		$	685,325		$	431,543

F-15

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Jake			Jefferson			Jill			Johnny			June			Jupiter			Kawana
ASSETS
Current assets:
Cash	$	19,700		$	13,357		$	4,399		$	24,853		$	11,519		$	5,976		$	775
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		2,292			1,602			3,923			1,582			1,583			1,047			1,969
Due from related party		-			1,687			10,536			-			-			-			8,833
Due from third party property manager		9,673			5,712			5,936			10,844			10,210			4,909			6,047
Total current assets		31,665			22,359			24,794			37,279			23,311			11,931			17,623
Property and equipment, net		577,299			273,048			394,720			575,336			575,336			202,133			268,156
Deposits		-			-			-			-			-			-			-
Total assets	$	608,964		$	295,407		$	419,514		$	612,614		$	598,646		$	214,064		$	285,780
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	8,364		$	6,585		$	4,016		$	7,561		$	13,064		$	2,118		$	3,274
Due to related party		12,144			-			-			56,678			34,943			5,679			-
Due to third party property manager		-			-			-			-			-			-			-
Total current liabilities		20,509			6,585			4,016			64,239			48,007			7,797			3,274
Tenant deposits		4,693			2,595			2,195			3,795			3,545			1,869			2,543
Mortgage payable, net		-			-			196,544			-			-			138,057			190,404
Total liabilities		25,201			9,180			202,755			68,034			51,552			147,722			196,220
Members’ equity (deficit):
Members’ capital		602,808			294,667			233,212			593,804			592,944			85,264			99,697
Retained earnings (accumulated deficit)		(19,045	)		(8,441	)		(16,453	)		(49,223	)		(45,850	)		(18,922	)		(10,137	)
Total members’ equity (deficit)		583,763			286,227			216,759			544,580			547,094			66,342			89,560
Total liabilities and members’ equity (deficit)	$	608,964		$	295,407		$	419,514		$	612,614		$	598,646		$	214,064		$	285,780

F-16

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Kennesaw			Kenny			KerriAnn			Kessler			Kingsley			Kirkwood			Korin
ASSETS
Current assets:
Cash	$	10,151		$	13,986		$	12,084		$	2,932		$	9,380		$	2,050		$	18,288
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		1,365			1,890			860			978			946			2,277			818
Due from related party		-			-			-			-			-			-			-
Due from third party property manager		21,876			8,725			7,801			4,317			6,686			5,626			6,075
Total current assets		33,392			24,601			20,745			8,226			17,012			9,954			25,181
Property and equipment, net		417,307			677,458			327,094			258,570			299,664			255,636			276,149
Deposits		-			-			-			-			-			-			-
Total assets	$	450,700		$	702,059		$	347,838		$	266,796		$	316,676		$	265,590		$	301,330
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	8,374		$	9,400		$	2,820		$	2,427		$	3,974		$	3,237		$	7,881
Due to related party		18,048			5,724			15,781			16			4,189			2,804			2,587
Due to third party property manager		-			-			-			-			-			-			-
Total current liabilities		26,422			15,124			18,602			2,443			8,163			6,041			10,469
Tenant deposits		2,495			3,095			2,369			1,595			2,869			2,393			1,995
Mortgage payable, net		-			-			235,509			125,217			212,302			179,967			-
Total liabilities		28,917			18,219			256,480			129,255			223,334			188,401			12,464
Members’ equity (deficit):
Members’ capital		435,006			710,112			123,635			153,835			104,057			92,846			294,378
Retained earnings (accumulated deficit)		(13,224	)		(26,272	)		(32,276	)		(16,294	)		(10,714	)		(15,657	)		(5,511	)
Total members’ equity (deficit)		421,783			683,840			91,359			137,541			93,343			77,188			288,866
Total liabilities and members’ equity (deficit)	$	450,700		$	702,059		$	347,838		$	266,796		$	316,676		$	265,590		$	301,330

F-17

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Lallie			Lanier			Lannister			Latte			Lennox			Lierly		Lily
ASSETS
Current assets:
Cash	$	2,013		$	13,178		$	839		$	17,506		$	11,801		$	18,985	$	37,478
Accounts receivable		-			-			-			-			-			-		-
Prepaid expenses		1,007			2,881			2,234			1,375			848			686		4,503
Due from related party		-			-			-			-			-			-		-
Due from third party property manager		4,513			8,996			5,362			8,178			5,085			1,685		7,488
Total current assets		7,532			25,055			8,436			27,059			17,734			21,356		49,470
Property and equipment, net		352,763			369,622			176,566			358,276			206,118			200,667		512,036
Deposits		-			-			-			-			-			-		-
Total assets	$	360,295		$	394,677		$	185,002		$	385,336		$	223,852		$	222,022	$	561,506
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	4,565		$	3,467		$	2,079		$	6,989		$	3,196		$	8,156	$	3,981
Due to related party		11,743			3,156			6,271			5,148			3,113			3,884		93,537
Due to third party property manager		-			-			-			-			-			-		-
Total current liabilities		16,308			6,623			8,350			12,137			6,309			12,040		97,517
Tenant deposits		-			2,295			1,943			3,293			1,695			1,750		2,395
Mortgage payable, net		237,564			261,277			112,551			-			137,746			129,647		308,594
Total liabilities		253,872			270,195			122,843			15,429			145,750			143,437		408,506
Members’ equity (deficit):
Members’ capital		124,714			134,973			79,970			372,284			82,200			77,480		213,998
Retained earnings (accumulated deficit)		(18,291	)		(10,491	)		(17,811	)		(2,378	)		(4,098	)		1,106		(60,999	)
Total members’ equity (deficit)		106,423			124,482			62,159			369,906			78,102			78,586		153,000
Total liabilities and members’ equity (deficit)	$	360,295		$	394,677		$	185,002		$	385,336		$	223,852		$	222,022	$	561,506

F-18

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Limestone			Litton			Longwoods			Lookout			Loretta			Louis			Louise
ASSETS
Current assets:
Cash	$	10,059		$	8,852		$	-		$	5,073		$	11,582		$	-		$	9,318
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		945			1,059			-			973			2,255			104			2,257
Due from related party		7,578			13,550			-			-			-			-			-
Due from third party property manager		7,938			6,119			-			5,675			9,511			-			6,879
Total current assets		26,519			29,580			-			11,720			23,348			104			18,454
Property and equipment, net		279,677			318,302			271,468			338,224			674,211			271,384			269,015
Deposits		-			-			-			-			-			-			-
Total assets	$	306,197		$	347,882		$	271,468		$	349,944		$	697,558		$	271,488		$	287,469
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	4,300		$	9,072		$	2,783		$	5,073		$	9,272		$	1,844		$	3,573
Due to related party		-			-			269,861			5,102			5,822			270,553			2,657
Due to third party property manager		-			-			-			-			-			1,002			-
Total current liabilities		4,300			9,072			272,644			10,175			15,094			273,399			6,230
Tenant deposits		3,293			2,445			-			2,145			3,445			-			2,369
Mortgage payable, net		200,860			156,467			-			-			-			-			179,973
Total liabilities		208,453			167,983			272,644			12,320			18,539			273,399			188,572
Members’ equity (deficit):
Members’ capital		108,382			186,001			370			345,467			695,950			106			104,964
Retained earnings (accumulated deficit)		(10,638	)		(6,102	)		(1,546	)		(7,842	)		(16,930	)		(2,018	)		(6,067	)
Total members’ equity (deficit)		97,744			179,899			(1,176	)		337,625			679,019			(1,912	)		98,897
Total liabilities and members’ equity (deficit)	$	306,197		$	347,882		$	271,468		$	349,944		$	697,558		$	271,488		$	287,469

F-19

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Lovejoy			Luna			Lurleen			Madison			Mae			Magnolia			Malbec
ASSETS
Current assets:
Cash	$	3,100		$	11,216		$	7,369		$	5,709		$	25,752		$	301		$	14,839
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		1,736			781			888			702			1,313			1,175			511
Due from related party		628			-			9,926			-			-			-			-
Due from third party property manager		324			3,655			-			-			8,852			17,611			-
Total current assets		5,787			15,652			18,183			6,411			35,917			19,087			15,350
Property and equipment, net		286,473			204,501			226,586			201,705			347,771			251,087			302,822
Deposits		-			-			-			-			-			-			-
Total assets	$	292,260		$	220,153		$	244,769		$	208,116		$	383,689		$	270,175		$	318,172
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	3,200		$	3,480		$	8,206		$	2,326		$	11,843		$	2,270		$	4,262
Due to related party		-			3,379			-			8,646			2,485			20,721			4,340
Due to third party property manager		-			-			2,918			2,329			-			-			2,016
Total current liabilities		3,200			6,859			11,123			13,300			14,328			22,991			10,618
Tenant deposits		-			1,750			1,695			1,449			4,190			1,795			2,195
Mortgage payable, net		202,920			147,906			107,525			99,801			-			170,915			204,833
Total liabilities		206,120			156,515			120,343			114,551			18,518			195,702			217,646
Members’ equity (deficit):
Members’ capital		103,801			68,688			132,589			119,849			373,823			93,001			108,488
Retained earnings (accumulated deficit)		(17,660	)		(5,049	)		(8,164	)		(26,284	)		(8,652	)		(18,528	)		(7,962	)
Total members’ equity (deficit)		86,141			63,638			124,426			93,565			365,171			74,473			100,525
Total liabilities and members’ equity (deficit)	$	292,260		$	220,153		$	244,769		$	208,116		$	383,689		$	270,175		$	318,172

F-20

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Mammoth			Marcelo			Marie			Marietta			Marion			Marple			Martell
ASSETS
Current assets:
Cash	$	8,233		$	15,067		$	16,827		$	5		$	-		$	17,312		$	22,498
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		2,301			752			939			1,727			-			556			1,406
Due from related party		-			-			2,435			12,153			-			315			-
Due from third party property manager		14,624			5,330			7,471			6,370			-			-			-
Total current assets		25,157			21,150			27,672			20,255			-			18,183			23,905
Property and equipment, net		332,675			280,303			317,808			297,862			256,645			176,869			261,963
Deposits		-			-			-			-			-			-			-
Total assets	$	357,832		$	301,453		$	345,480		$	318,117		$	256,645		$	195,051		$	285,868
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	2,904		$	7,499		$	7,902		$	4,932		$	1,888		$	1,531		$	3,682
Due to related party		9,507			3,969			-			-			255,601			-			197
Due to third party property manager		-			-			-			-			573			420			4,986
Total current liabilities		12,411			11,467			7,902			4,932			258,061			1,951			8,864
Tenant deposits		2,095			1,945			2,745			2,095			-			-			-
Mortgage payable, net		235,571			-			-			148,320			-			-			-
Total liabilities		250,077			13,412			10,647			155,347			258,061			1,951			8,864
Members’ equity (deficit):
Members’ capital		120,610			302,280			341,298			178,650			333			197,057			286,198
Retained earnings (accumulated deficit)		(12,854	)		(14,239	)		(6,465	)		(15,880	)		(1,749	)		(3,957	)		(9,195	)
Total members’ equity (deficit)		107,756			288,041			334,832			162,770			(1,416	)		193,101			277,003
Total liabilities and members’ equity (deficit)	$	357,832		$	301,453		$	345,480		$	318,117		$	256,645		$	195,051		$	285,868

F-21

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Mary			Matchingham			McGregor			McLovin			Meadow			Mimosa			Mojave
ASSETS
Current assets:
Cash	$	-		$	13,673		$	7,246		$	8,118		$	3,774		$	4,549		$	7,116
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		-			762			616			1,711			1,041			798			448
Due from related party		-			-			-			-			2,416			10,270			-
Due from third party property manager		-			6,257			5,903			8,341			3,576			6,026			1,691
Total current assets		-			20,693			13,765			18,169			10,807			21,643			9,255
Property and equipment, net		273,703			202,755			294,052			508,137			307,113			209,780			232,039
Deposits		-			-			-			-			-			-			-
Total assets	$	273,703		$	223,447		$	307,817		$	526,307		$	317,920		$	231,424		$	241,294
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	992		$	3,578		$	7,085		$	5,412		$	2,873		$	8,165		$	3,069
Due to related party		273,622			2,535			5,896			5,307			-			-			5,731
Due to third party property manager		3,033			-			-			-			-			-			-
Total current liabilities		277,647			6,113			12,981			10,719			2,873			8,165			8,799
Tenant deposits		-			1,795			1,895			3,495			-			1,495			1,596
Mortgage payable, net		-			144,619			-			364,169			212,676			105,216			160,044
Total liabilities		277,647			152,526			14,876			378,383			215,549			114,876			170,439
Members’ equity (deficit):
Members’ capital		675			72,449			306,293			176,288			132,051			126,790			75,191
Retained earnings (accumulated deficit)		(4,619	)		(1,528	)		(13,352	)		(28,365	)		(29,680	)		(10,243	)		(4,336	)
Total members’ equity (deficit)		(3,944	)		70,921			292,941			147,923			102,371			116,548			70,855
Total liabilities and members’ equity (deficit)	$	273,703		$	223,447		$	307,817		$	526,307		$	317,920		$	231,424		$	241,294

F-22

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Murphy			Mycroft			Nugget			Odessa			Olive			Oly			Onyx
ASSETS
Current assets:
Cash	$	15,304		$	17,402		$	11,154		$	3,699		$	3,937		$	14,856		$	7
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		1,315			565			1,684			1,900			1,395			1,705			-
Due from related party		-			207			-			-			-			-			-
Due from third party property manager		6,910			-			8,089			6,280			6,785			8,699			-
Total current assets		23,528			18,174			20,928			11,879			12,117			25,260			7
Property and equipment, net		285,375			180,876			548,801			511,349			224,552			508,807			327,464
Deposits		-			-			-			-			-			-			-
Total assets	$	308,903		$	199,050		$	569,729		$	523,228		$	236,668		$	534,067		$	327,471
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	5,117		$	1,576		$	2,732		$	4,062		$	3,319		$	5,150		$	2,159
Due to related party		3,124			-			12,047			11,683			5,190			4,643			326,266
Due to third party property manager		-			335			-			-			-			-			174
Total current liabilities		8,241			1,912			14,779			15,746			8,509			9,793			328,598
Tenant deposits		2,295			-			3,295			4,193			1,895			5,580			-
Mortgage payable, net		205,087			-			-			371,149			124,223			364,874			-
Total liabilities		215,623			1,912			18,074			391,087			134,627			380,246			328,598
Members’ equity (deficit):
Members’ capital		101,427			201,023			559,440			187,132			115,976			174,929			283
Retained earnings (accumulated deficit)		(8,147	)		(3,886	)		(7,786	)		(54,990	)		(13,935	)		(21,109	)		(1,410	)
Total members’ equity (deficit)		93,280			197,138			551,655			132,141			102,041			153,820			(1,127	)
Total liabilities and members’ equity (deficit)	$	308,903		$	199,050		$	569,729		$	523,228		$	236,668		$	534,067		$	327,471

F-23

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Oscar			Osceola			Osprey			Otoro			Palmer			Patrick			Peanut
ASSETS
Current assets:
Cash	$	-		$	-		$	14,934		$	1,752		$	-		$	6,064		$	3,865
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		-			-			2,192			994			-			691			833
Due from related party		-			-			-			-			-			-			2,426
Due from third party property manager		-			-			9,295			1,920			-			1,382			3,488
Total current assets		-			-			26,421			4,665			-			8,137			10,611
Property and equipment, net		251,638			282,359			348,723			383,178			294,574			203,112			210,468
Deposits		-			-			-			-			-			-			-
Total assets	$	251,638		$	282,359		$	375,144		$	387,844		$	294,574		$	211,249		$	221,079
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	789		$	2,406		$	13,816		$	2,760		$	2,083		$	5,621		$	2,610
Due to related party		251,574			280,865			4,980			24,209			293,631			4,326			-
Due to third party property manager		-			6,684			-			-			187			-			-
Total current liabilities		252,363			289,955			18,796			26,970			295,901			9,947			2,610
Tenant deposits		-			-			4,590			-			-			1,575			2,093
Mortgage payable, net		-			-			-			271,709			-			107,796			145,225
Total liabilities		252,363			289,955			23,386			298,679			295,901			119,318			149,927
Members’ equity (deficit):
Members’ capital		-			7			359,669			137,167			-			95,906			80,011
Retained earnings (accumulated deficit)		(725	)		(7,603	)		(7,911	)		(48,002	)		(1,327	)		(3,975	)		(8,860	)
Total members’ equity (deficit)		(725	)		(7,596	)		351,757			89,165			(1,327	)		91,931			71,152
Total liabilities and members’ equity (deficit)	$	251,638		$	282,359		$	375,144		$	387,844		$	294,574		$	211,249		$	221,079

F-24

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Pearl			Pecan			Piedmont			Pinot			Pioneer			Plumtree		Point
ASSETS
Current assets:
Cash	$	22,990		$	16,212		$	3,072		$	16,081		$	16,858		$	23,069	$	12,530
Accounts receivable		-			-			-			-			-			-		-
Prepaid expenses		1,548			667			1,059			927			1,907			653		2,972
Due from related party		-			-			14,831			-			-			-		-
Due from third party property manager		2,654			4,743			6,780			-			9,647			3,041		7,307
Total current assets		27,192			21,622			25,743			17,008			28,413			26,763		22,810
Property and equipment, net		534,885			195,372			377,310			305,742			575,882			188,707		373,622
Deposits		-			-			-			-			-			-		-
Total assets	$	562,077		$	216,994		$	403,052		$	322,750		$	604,294		$	215,470	$	396,432
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	9,280		$	6,864		$	3,571		$	4,290		$	5,981		$	7,049	$	3,516
Due to related party		8,877			4,148			-			4,520			26,128			4,469		4,255
Due to third party property manager		-			-			-			592			-			-		-
Total current liabilities		18,157			11,012			3,571			9,402			32,109			11,518		7,771
Tenant deposits		2,795			5,363			2,295			2,195			3,445			3,000		2,295
Mortgage payable, net		-			112,347			187,900			206,955			-			109,890		265,099
Total liabilities		20,952			128,722			193,766			218,552			35,554			124,408		275,165
Members’ equity (deficit):
Members’ capital		552,611			88,943			228,983			109,361			586,459			87,341		136,513
Retained earnings (accumulated deficit)		(11,486	)		(671	)		(19,697	)		(5,163	)		(17,719	)		3,721		(15,246	)
Total members’ equity (deficit)		541,125			88,272			209,286			104,198			568,740			91,062		121,267
Total liabilities and members’ equity (deficit)	$	562,077		$	216,994		$	403,052		$	322,750		$	604,294		$	215,470	$	396,432

F-25

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Porthos			Quincy			Redondo			Regency			Reginald			Reynolds			Ribbonwalk
ASSETS
Current assets:
Cash	$	-		$	23,128		$	3,004		$	10,552		$	8,148		$	9,220		$	5,220
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		2,371			1,684			1,025			1,480			1,384			1,553			1,431
Due from related party		-			-			7,532			12,951			-			-			-
Due from third party property manager		1,915			5,045			7,186			7,997			10,990			23,683			2,272
Total current assets		4,286			29,858			18,746			32,980			20,522			34,456			8,923
Property and equipment, net		304,152			537,294			310,665			274,206			435,477			422,207			307,089
Deposits		-			-			-			-			-			-			-
Total assets	$	308,439		$	567,152		$	329,411		$	307,186		$	455,999		$	456,663		$	316,012
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	5,926		$	6,655		$	9,770		$	12,999		$	9,358		$	9,897		$	2,799
Due to related party		301,883			24,679			-			-			21,861			11,366			9,889
Due to third party property manager		-			-			-			-			-			-			-
Total current liabilities		307,809			31,335			9,770			12,999			31,219			21,264			12,688
Tenant deposits		2,295			2,695			2,695			3,793			4,293			2,495			1,995
Mortgage payable, net		-			(483	)		154,088			134,406			-			-			221,705
Total liabilities		310,104			33,546			166,553			151,197			35,511			23,759			236,388
Members’ equity (deficit):
Members’ capital		237			571,942			183,039			161,359			452,520			439,253			116,016
Retained earnings (accumulated deficit)		(1,902	)		(38,337	)		(20,180	)		(5,370	)		(32,032	)		(6,348	)		(36,391	)
Total members’ equity (deficit)		(1,665	)		533,606			162,859			155,989			420,488			432,905			79,624
Total liabilities and members’ equity (deficit)	$	308,439		$	567,152		$	329,411		$	307,186		$	455,999		$	456,663		$	316,012

F-26

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Richardson			Ridge			Ritter			River			Riverwalk			Rooney			Roseberry
ASSETS
Current assets:
Cash	$	17,738		$	9,501		$	7,308		$	14,261		$	12,390		$	3,228		$	5,894
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		1,105			837			1,761			963			974			2,448			1,725
Due from related party		-			-			-			-			-			-			-
Due from third party property manager		5,010			6,208			-			7,288			6,923			5,905			7,796
Total current assets		23,852			16,546			9,069			22,512			20,288			11,581			15,414
Property and equipment, net		309,207			207,068			494,497			253,602			388,055			357,977			312,907
Deposits		-			-			-			-			-			-			-
Total assets	$	333,059		$	223,615		$	503,566		$	276,114		$	408,343		$	369,558		$	328,321
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	9,644		$	3,189		$	6,337		$	3,932		$	6,686		$	3,715		$	4,860
Due to related party		1,608			3,148			12,662			3,527			6,409			8,136			4,123
Due to third party property manager		-			-			338			-			-			-			-
Total current liabilities		11,253			6,337			19,336			7,459			13,095			11,851			8,982
Tenant deposits		1,995			2,543			3,500			2,993			2,395			2,095			3,443
Mortgage payable, net		-			138,390			-			170,344			-			256,457			209,065
Total liabilities		13,248			147,269			22,836			180,795			15,490			270,403			221,490
Members’ equity (deficit):
Members’ capital		331,367			80,713			518,713			98,996			404,412			131,055			113,798
Retained earnings (accumulated deficit)		(11,556	)		(4,367	)		(37,983	)		(3,678	)		(11,560	)		(31,900	)		(6,966	)
Total members’ equity (deficit)		319,811			76,345			480,730			95,319			392,853			99,155			106,832
Total liabilities and members’ equity (deficit)	$	333,059		$	223,615		$	503,566		$	276,114		$	408,343		$	369,558		$	328,321

F-27

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Rosewood			Roxy			Saddlebred			Saint			Sajni			Salem			Salinas
ASSETS
Current assets:
Cash	$	237		$	2,814		$	18,105		$	21,570		$	3,092		$	10,638		$	8,523
Accounts receivable		-			-			1,377			-			-			-			-
Prepaid expenses		760			718			1,514			1,119			2,359			1,288			627
Due from related party		-			-			-			-			-			-			1,324
Due from third party property manager		8,261			6,226			11,315			6,515			3,392			4,832			1,121
Total current assets		9,258			9,758			32,311			29,204			8,842			16,757			11,595
Property and equipment, net		264,664			318,764			467,468			310,674			313,136			302,787			228,134
Deposits		-			-			-			-			-			-			-
Total assets	$	273,922		$	328,522		$	499,779		$	339,878		$	321,978		$	319,544		$	239,729
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	2,553		$	2,541		$	3,635		$	3,609		$	9,730		$	4,043		$	5,732
Due to related party		3,732			12,389			34,058			10,590			1,853			4,287			-
Due to third party property manager		-			-			-			-			-			-			-
Total current liabilities		6,285			14,931			37,693			14,199			11,583			8,330			5,732
Tenant deposits		2,768			1,995			4,168			2,495			2,745			2,195			1,945
Mortgage payable, net		186,917			218,190			329,445			209,762			-			208,726			-
Total liabilities		195,969			235,115			371,306			226,457			14,328			219,251			7,677
Members’ equity (deficit):
Members’ capital		98,435			118,320			174,687			117,558			320,520			104,851			249,044
Retained earnings (accumulated deficit)		(20,482	)		(24,913	)		(46,214	)		(4,136	)		(12,870	)		(4,559	)		(16,992	)
Total members’ equity (deficit)		77,953			93,407			128,473			113,421			307,650			100,293			232,052
Total liabilities and members’ equity (deficit)	$	273,922		$	328,522		$	499,779		$	339,878		$	321,978		$	319,544		$	239,729

F-28

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Saturn			Scepter			Sequoyah			Shallowford			Shoreline			Sigma			Simon
ASSETS
Current assets:
Cash	$	5,365		$	3,460		$	2,086		$	3,422		$	6,640		$	10,998		$	-
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		913			1,146			993			1,504			813			1,353			-
Due from related party		-			-			6,361			5,484			-			-			-
Due from third party property manager		3,762			5,027			4,830			6,823			6,100			5,431			-
Total current assets		10,040			9,633			14,269			17,234			13,554			17,782			-
Property and equipment, net		212,637			261,777			245,638			354,922			295,470			373,258			291,597
Deposits		-			-			-			-			-			-			-
Total assets	$	222,677		$	271,410		$	259,907		$	372,156		$	309,024		$	391,039		$	291,597
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	2,003		$	2,376		$	8,283		$	6,877		$	3,692		$	3,838		$	1,603
Due to related party		11,017			6,470			-			-			2,879			4,167			291,472
Due to third party property manager		-			-			-			-			-			-			3,129
Total current liabilities		13,020			8,846			8,283			6,877			6,570			8,005			296,204
Tenant deposits		1,806			1,795			1,795			2,545			-			2,869			-
Mortgage payable, net		138,062			186,953			121,262			176,630			209,940			266,867			-
Total liabilities		152,888			197,593			131,340			186,052			216,510			277,741			296,204
Members’ equity (deficit):
Members’ capital		89,907			97,793			146,526			211,004			104,522			130,031			-
Retained earnings (accumulated deficit)		(20,119	)		(23,977	)		(17,959	)		(24,899	)		(12,009	)		(16,732	)		(4,607	)
Total members’ equity (deficit)		69,789			73,816			128,567			186,104			92,513			113,299			(4,607	)
Total liabilities and members’ equity (deficit)	$	222,677		$	271,410		$	259,907		$	372,156		$	309,024		$	391,039		$	291,597

F-29

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Sims			Soapstone			Sodalis			Spencer			Splash			Spring			Stonebriar
ASSETS
Current assets:
Cash	$	13,243		$	16,354		$	4,595		$	7,580		$	12,509		$	11,512		$	855
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		-			666			809			1,571			798			838			683
Due from related party		334			-			-			-			-			-			-
Due from third party property manager		-			1,936			5,495			7,602			4,704			5,185			8,726
Total current assets		13,577			18,956			10,898			16,754			18,011			17,535			10,264
Property and equipment, net		274,929			205,333			284,546			286,058			204,617			243,200			198,346
Deposits		-			-			-			-			-			-			-
Total assets	$	288,505		$	224,289		$	295,444		$	302,812		$	222,628		$	260,735		$	208,610
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	2,162		$	7,979		$	4,436		$	5,994		$	5,033		$	7,857		$	2,349
Due to related party		-			4,063			4,495			4,310			5,384			1,225			13,989
Due to third party property manager		259			-			-			-			-			-			-
Total current liabilities		2,420			12,042			8,930			10,304			10,417			9,082			16,338
Tenant deposits		-			1,600			2,000			2,349			3,000			1,695			1,395
Mortgage payable, net		-			126,802			-			192,488			121,858			-			132,710
Total liabilities		2,420			140,444			10,930			205,141			135,275			10,777			150,443
Members’ equity (deficit):
Members’ capital		290,946			83,886			300,542			107,795			88,205			255,918			77,494
Retained earnings (accumulated deficit)		(4,861	)		(41	)		(16,029	)		(10,124	)		(853	)		(5,960	)		(19,328	)
Total members’ equity (deficit)		286,085			83,845			284,514			97,671			87,353			249,958			58,166
Total liabilities and members’ equity (deficit)	$	288,505		$	224,289		$	295,444		$	302,812		$	222,628		$	260,735		$	208,610

F-30

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Sugar			Summerset			Sundance			Sunnyside		Swift			Taylor			Terracotta
ASSETS
Current assets:
Cash	$	11,694		$	5,152		$	7,151		$	18,290	$	7,291		$	2,444		$	8,687
Accounts receivable		-			-			-			-		-			-			-
Prepaid expenses		1,992			1,370			1,025			1,004		397			751			1,021
Due from related party		-			-			-			1,301		-			12,595			605
Due from third party property manager		7,180			5,798			17,656			8,461		23,725			3,277			6,406
Total current assets		20,866			12,320			25,832			29,056		31,413			19,068			16,719
Property and equipment, net		296,331			242,505			319,211			220,349		340,653			230,123			311,562
Deposits		-			-			-			-		-			-			-
Total assets	$	317,197		$	254,826		$	345,043		$	249,405	$	372,066		$	249,191		$	328,281
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	3,891		$	3,016		$	15,334		$	5,922	$	9,421		$	2,689		$	3,501
Due to related party		3,780			4,988			4,582			-		14,729			-			-
Due to third party property manager		-			-			-			-		-			-			-
Total current liabilities		7,671			8,004			19,917			5,922		24,149			2,689			3,501
Tenant deposits		3,590			2,119			2,695			1,745		2,295			1,495			3,143
Mortgage payable, net		198,919			163,510			154,088			-		-			111,950			220,288
Total liabilities		210,181			173,632			176,699			7,667		26,444			116,134			226,932
Members’ equity (deficit):
Members’ capital		126,630			94,435			182,733			240,300		348,152			141,784			116,805
Retained earnings (accumulated deficit)		(19,614	)		(13,242	)		(14,389	)		1,439		(2,530	)		(8,727	)		(15,455	)
Total members’ equity (deficit)		107,016			81,194			168,344			241,739		345,622			133,057			101,350
Total liabilities and members’ equity (deficit)	$	317,197		$	254,826		$	345,043		$	249,405	$	372,066		$	249,191		$	328,281

F-31

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Theodore			Tulip			Tuscan			Tuscarora			Tuxford			Vernon			Walton
ASSETS
Current assets:
Cash	$	-		$	1,104		$	10,405		$	22,101		$	3,577		$	3,630		$	1,763
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		-			937			1,374			976			1,689			1,000			940
Due from related party		-			-			-			-			-			-			-
Due from third party property manager		-			6,528			4,599			7,389			5,685			21,533			-
Total current assets		-			8,570			16,378			30,466			10,951			26,163			2,702
Property and equipment, net		289,427			309,778			305,447			332,679			255,102			250,101			294,808
Deposits		-			-			-			-			-			-			-
Total assets	$	289,427		$	318,348		$	321,825		$	363,145		$	266,054		$	276,264		$	297,510
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	1,603		$	2,565		$	8,578		$	9,700		$	2,490		$	2,939		$	12,496
Due to related party		289,302			14,667			822			2,057			14,092			16,355			21,694
Due to third party property manager		350			-			-			-			-			-			1,157
Total current liabilities		291,255			17,232			9,400			11,757			16,582			19,295			35,348
Tenant deposits		-			2,195			4,490			3,295			1,895			2,843			2,095
Mortgage payable, net		-			219,586			180,700			-			176,504			179,835			-
Total liabilities		291,255			239,014			194,590			15,052			194,981			201,972			37,443
Members’ equity (deficit):
Members’ capital		-			111,620			130,718			359,062			95,620			91,503			310,236
Retained earnings (accumulated deficit)		(1,828	)		(32,286	)		(3,483	)		(10,969	)		(24,548	)		(17,210	)		(50,169	)
Total members’ equity (deficit)		(1,828	)		79,334			127,235			348,093			71,072			74,292			260,068
Total liabilities and members’ equity (deficit)	$	289,427		$	318,348		$	321,825		$	363,145		$	266,054		$	276,264		$	297,510

F-32

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Wave			Weldon			Wellington			Wentworth			Wescott			Westchester			Wildwood
ASSETS
Current assets:
Cash	$	1,504		$	8,964		$	13,430		$	8,775		$	4,768		$	12,663		$	6,319
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		983			816			1,007			679			721			878			600
Due from related party		-			-			-			2,305			-			-			-
Due from third party property manager		4,609			5,013			13,756			773			5,423			9,403			8,493
Total current assets		7,096			14,793			28,193			12,532			10,911			22,944			15,412
Property and equipment, net		325,872			202,137			404,722			224,544			268,587			324,824			215,735
Deposits		-			-			-			-			-			-			-
Total assets	$	332,968		$	216,929		$	432,915		$	237,076		$	279,498		$	347,768		$	231,146
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	2,409		$	2,086		$	10,314		$	3,695		$	2,791		$	4,749		$	2,568
Due to related party		28,362			9,175			3,063			-			10,694			4,338			441
Due to third party property manager		-			-			-			-			-			-			-
Total current liabilities		30,771			11,261			13,376			3,695			13,485			9,087			3,009
Tenant deposits		2,744			2,168			2,395			1,595			1,795			3,119			1,845
Mortgage payable, net		221,678			134,830			-			155,042			132,900			196,344			107,165
Total liabilities		255,193			148,258			15,771			160,332			148,180			208,550			112,018
Members’ equity (deficit):
Members’ capital		113,795			85,406			427,776			80,598			151,780			152,223			127,181
Retained earnings (accumulated deficit)		(36,020	)		(16,735	)		(10,632	)		(3,855	)		(20,461	)		(13,005	)		(8,053	)
Total members’ equity (deficit)		77,775			68,671			417,144			76,744			131,318			139,218			119,128
Total liabilities and members’ equity (deficit)	$	332,968		$	216,929		$	432,915		$	237,076		$	279,498		$	347,768		$	231,146

F-33

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF JUNE 30, 2023

	Willow			Wilson			Windsor		Winston			Wisteria			Consolidated
ASSETS
Current assets:
Cash	$	4,530		$	19,230		$	15,982	$	18,351		$	16,388		$	2,029,499
Accounts receivable		-			-			-		-			-			31,837
Prepaid expenses		1,058			1,126			3,224		1,204			981			290,607
Due from related party		9,513			-			-		502			-			268,393
Due from third party property manager		4,767			6,417			20,729		7,341			1,765			1,318,012
Total current assets		19,868			26,772			39,935		27,397			19,133			3,938,348
Property and equipment, net		287,668			381,455			333,565		323,888			289,407			71,645,754
Deposits		-			-			-		-			-			-
Total assets	$	307,535		$	408,227		$	373,500	$	351,285		$	308,540		$	75,584,102
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	8,569		$	11,275		$	9,907	$	7,805		$	3,098		$	1,175,118
Due to related party		-			3,066			5,523		-			2,228			7,324,342
Due to third party property manager		-			-			-		-			-			60,790
Total current liabilities		8,569			14,340			15,430		7,805			5,326			8,560,251
Tenant deposits		2,195			2,445			3,893		1,795			-			489,060
Mortgage payable, net		-			-			224,677		-			205,267			23,880,003
Total liabilities		10,764			16,785			243,999		9,600			210,592			32,929,313
Members’ equity (deficit):
Members’ capital		302,139			399,440			123,942		345,581			103,953			45,900,960
Retained earnings (accumulated deficit)		(5,368	)		(7,999	)		5,560		(3,896	)		(6,005	)		(3,246,171	)
Total members’ equity (deficit)		296,771			391,441			129,502		341,685			97,948			42,654,789
Total liabilities and members’ equity (deficit)	$	307,535		$	408,227		$	373,500	$	351,285		$	308,540		$	75,584,102

F-34

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	100			101			Abbington			Amber			Apollo			Aster			Avebury
ASSETS
Current assets:
Cash	$	34,876		$	15,458		$	12,352		$	6,844		$	24		$	97		$	1,134
Accounts receivable		3,495			-			4,498			-			-			-			-
Prepaid expenses		-			781			-			6,721			3,608			1,290			3,177
Due from related party		-			-			-			-			7,632			12,634			3,802
Total current assets		38,371			16,239			16,850			13,565			11,264			14,021			8,113
Property and equipment, net		603,813			630,661			475,786			297,164			194,680			254,498			286,985
Deposits		3,943			27			2,845			2,843			2,124			150			4,419
Total assets	$	646,128		$	646,926		$	495,481		$	313,571		$	208,067		$	268,669		$	299,517
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	15,432		$	11,020		$	18,180		$	5,375		$	4,629		$	3,707		$	4,358
Due to related party		6,302			2,998			2,032			2,817			-			-			-
Total current liabilities		21,734			14,018			20,212			8,192			4,629			3,707			4,358
Tenant deposits		3,495			-			2,845			2,843			1,744			-			1,795
Mortgage payable, net		-			-			-			198,668			133,088			124,200			200,791
Total liabilities		25,229			14,018			23,057			209,702			139,461			127,907			206,944
Members’ equity (deficit)
Members’ capital		628,143			658,881			498,632			119,393			76,339			153,956			103,860
Retained earnings (accumulated deficit)		(7,243	)		(25,972	)		(26,207	)		(15,524	)		(7,732	)		(13,194	)		(11,286	)
Total members’ equity (deficit)		620,899			632,909			472,424			103,869			68,607			140,762			92,573
Total liabilities and members’ equity (deficit)	$	646,128		$	646,926		$	495,481		$	313,571		$	208,067		$	268,669		$	299,517

F-35

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Badminton			Bandelier			Baron			Basil			Bayside		Bazzel			Bedford
ASSETS
Current assets:
Cash	$	15,849		$	13,098		$	19,732		$	9,670		$	18,745	$	14,346		$	19,399
Accounts receivable		-			2,195			2,895			-			-		60			-
Prepaid expenses		3,625			6,221			3,273			2,527			5,039		689			3,281
Due from related party		-			-			-			-			-		-			-
Total current assets		19,474			21,514			25,900			12,198			23,784		15,095			22,679
Property and equipment, net		246,010			342,093			574,943			195,410			247,626		266,213			277,008
Deposits		2,993			2,195			3,751			1,495			2,619		1,902			4,590
Total assets	$	268,476		$	365,802		$	604,594		$	209,103		$	274,029	$	283,210		$	304,277
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	7,870		$	9,495		$	14,188		$	5,893		$	4,433	$	5,992		$	4,738
Due to related party		1,720			1,534			11,904			1,759			3,700		18,973			1,593
Total current liabilities		9,590			11,028			26,092			7,652			8,133		24,965			6,332
Tenant deposits		2,993			2,195			4,395			1,495			2,619		1,795			4,590
Mortgage payable, net		171,839			242,444			-			129,668			163,463		-			194,483
Total liabilities		184,422			255,667			30,487			138,814			174,215		26,760			205,405
Members’ equity (deficit)
Members’ capital		88,616			126,458			585,815			73,775			99,417		264,281			101,219
Retained earnings (accumulated deficit)		(4,562	)		(16,323	)		(11,709	)		(3,487	)		397		(7,831	)		(2,347	)
Total members’ equity (deficit)		84,054			110,135			574,107			70,288			99,814		256,450			98,872
Total liabilities and members’ equity (deficit)	$	268,476		$	365,802		$	604,594		$	209,103		$	274,029	$	283,210		$	304,277

F-36

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Belle			Blossom			Bonneau			Brainerd		Braxton			Brennan			Brooklyn
ASSETS
Current assets:
Cash	$	471		$	27,514		$	6,661		$	8,705	$	27,902		$	2,706		$	10,118
Accounts receivable		-			2,765			-			4,190		2,693			319			-
Prepaid expenses		1,353			609			746			709		2,009			1,930			480
Due from related party		10,334			-			3,573			10,413		-			-			8,225
Total current assets		12,159			30,888			10,980			24,017		32,603			4,955			18,823
Property and equipment, net		438,049			253,977			339,646			292,405		322,755			224,785			172,922
Deposits		8,216			1,854			2,491			2,595		2,085			2,558			-
Total assets	$	458,424		$	286,719		$	353,117		$	319,017	$	357,444		$	232,297		$	191,745
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	9,636		$	6,230		$	10,407		$	2,810	$	8,999		$	2,532		$	8,467
Due to related party		-			3,119			-			-		11,707			84,407			-
Total current liabilities		9,636			9,349			10,407			2,810		20,706			86,939			8,467
Tenant deposits		2,495			1,845			2,295			2,595		2,045			1,994			-
Mortgage payable, net		-			-			-			140,650		-			153,687			80,510
Total liabilities		12,131			11,194			12,702			146,055		22,751			242,620			88,977
Members’ equity (deficit)
Members’ capital		460,817			280,384			355,746			171,910		349,987			425			105,053
Retained earnings (accumulated deficit)		(14,524	)		(4,859	)		(15,332	)		1,052		(15,293	)		(10,748	)		(2,285	)
Total members’ equity (deficit)		446,293			275,525			340,414			172,962		334,693			(10,323	)		102,768
Total liabilities and members’ equity (deficit)	$	458,424		$	286,719		$	353,117		$	319,017	$	357,444		$	232,297		$	191,745

F-37

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Burlington			Butter			Camino			Campbell			Centennial			Chaparral			Chattahoochee
ASSETS
Current assets:
Cash	$	17,715		$	12,333		$	18,534		$	451		$	13,328		$	17,171		$	-
Accounts receivable		3,395			-			-			-			-			-			-
Prepaid expenses		4,442			6,026			348			-			5,521			-			-
Due from related party		-			-			2,423			-			-			-			-
Total current assets		25,552			18,359			21,305			451			18,850			17,171			-
Property and equipment, net		644,915			369,314			264,208			309,186			274,924			186,912			-
Deposits		3,553			5,469			2,142			451			1,895			2,016			-
Total assets	$	674,020		$	393,143		$	287,655		$	310,089		$	295,668		$	206,099		$	-
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	13,447		$	7,693		$	5,411		$	3,346		$	9,936		$	6,126		$	878
Due to related party		13,554			6,632			-			326,179			1,311			4,754			50,300
Total current liabilities		27,001			14,325			5,411			329,525			11,247			10,879			51,178
Tenant deposits		6,895			2,795			1,994			-			1,895			3,000			-
Mortgage payable, net		-			259,806			-			-			187,490			103,034			-
Total liabilities		33,896			276,926			7,404			329,525			200,631			116,913			51,178
Members’ equity (deficit)
Members’ capital		653,466			131,404			283,930			3,161			104,673			90,241			3,382
Retained earnings (accumulated deficit)		(13,342	)		(15,187	)		(3,679	)		(22,596	)		(9,636	)		(1,056	)		(54,559	)
Total members’ equity (deficit)		640,125			116,216			280,251			(19,436	)		95,037			89,185			(51,178	)
Total liabilities and members’ equity (deficit)	$	674,020		$	393,143		$	287,655		$	310,089		$	295,668		$	206,099		$	-

F-38

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Chelsea			Chester			Chickamauga		Chitwood			Clover			Coatbridge			Collier
ASSETS
Current assets:
Cash	$	2,482		$	4,224		$	-	$	10,706		$	20,929		$	16,300		$	5,567
Accounts receivable		-			2,268			4,590		4,590			-			1,955			4,390
Prepaid expenses		5,973			4,850			1,073		-			642			5,647			734
Due from related party		10,475			15,615			-		7,766			7,427			-			-
Total current assets		18,929			26,957			5,663		23,062			28,998			23,902			10,690
Property and equipment, net		304,130			370,667			375,173		380,995			318,749			262,077			353,703
Deposits		2,250			2,454			2,545		2,816			1,980			4,490			2,429
Total assets	$	325,310		$	400,078		$	383,381	$	406,873		$	349,727		$	290,469		$	366,822
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	7,592		$	5,438		$	1,489	$	12,835		$	7,188		$	4,219		$	6,288
Due to related party		-			-			376,298		-			-			5,529			1,093
Total current liabilities		7,592			5,438			377,788		12,835			7,188			9,748			7,381
Tenant deposits		1,895			2,445			2,545		2,795			1,895			2,993			2,445
Mortgage payable, net		213,191			181,530			-		-			-			173,120			-
Total liabilities		222,678			189,413			380,333		15,630			9,083			185,861			9,826
Members’ equity (deficit)
Members’ capital		113,185			220,014			425		401,369			345,455			106,363			371,538
Retained earnings (accumulated deficit)		(10,553	)		(9,349	)		2,624		(10,125	)		(4,811	)		(1,755	)		(14,541	)
Total members’ equity (deficit)		102,632			210,665			3,049		391,243			340,644			104,608			356,996
Total liabilities and members’ equity (deficit)	$	325,310		$	400,078		$	383,381	$	406,873		$	349,727		$	290,469		$	366,822

F-39

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Collinston			Conway			Creekside			Creekwood			Cumberland			Cupcake			Cypress
ASSETS
Current assets:
Cash	$	1,164		$	18,351		$	18,793		$	29		$	17,990		$	10,468		$	987
Accounts receivable		-			-			1,895			1,616			1,695			-			55
Prepaid expenses		2,316			1,469			616			4,153			1,291			4,056			5,804
Due from related party		-			-			890			19,662			4,102			4,622			16,487
Total current assets		3,480			19,820			22,194			25,460			25,078			19,147			23,334
Property and equipment, net		205,042			684,051			309,720			288,178			294,956			221,079			364,435
Deposits		794			27			2,404			2,353			1,695			1,595			4,437
Total assets	$	209,317		$	703,898		$	334,318		$	315,991		$	321,729		$	241,821		$	392,205
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	3,476		$	10,975		$	7,310		$	4,918		$	6,300		$	7,406		$	6,133
Due to related party		5,460			11,169			-			-			-			-			-
Total current liabilities		8,936			22,143			7,310			4,918			6,300			7,406			6,133
Tenant deposits		-			-			2,395			1,795			1,695			1,595			2,395
Mortgage payable, net		134,800			-			-			141,105			-			149,969			178,936
Total liabilities		143,736			22,143			9,705			147,818			7,995			158,970			187,464
Members’ equity (deficit)
Members’ capital		86,188			709,419			327,695			173,802			316,748			82,859			216,252
Retained earnings (accumulated deficit)		(20,608	)		(27,664	)		(3,081	)		(5,628	)		(3,013	)		(8	)		(11,511	)
Total members’ equity (deficit)		65,580			681,755			324,614			168,173			313,735			82,851			204,742
Total liabilities and members’ equity (deficit)	$	209,317		$	703,898		$	334,318		$	315,991		$	321,729		$	241,821		$	392,205

F-40

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Daisy			Davidson			Dawson			Delta			Dewberry			Diablo			Dogwood
ASSETS
Current assets:
Cash	$	16,955		$	4,997		$	3,688		$	329		$	4,997		$	-		$	18,140
Accounts receivable		1,695			-			397			12,225			2,960			1,995			-
Prepaid expenses		788			3,317			3,197			4,388			2,460			5,082			657
Due from related party		130			-			-			-			-			-			-
Total current assets		19,569			8,314			7,282			16,942			10,417			7,077			18,797
Property and equipment, net		300,005			205,719			223,332			335,907			183,362			292,052			239,375
Deposits		2,362			3,276			1,745			-			3,190			3,392			2,341
Total assets	$	321,935		$	217,309		$	232,359		$	352,849		$	196,968		$	302,521		$	260,512
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	5,130		$	4,925		$	6,354		$	10,237		$	5,375		$	6,718		$	5,606
Due to related party		-			4,363			6,173			18,070			622			11,182			1,672
Total current liabilities		5,130			9,288			12,527			28,307			5,996			17,901			7,278
Tenant deposits		1,695			1,806			1,745			-			2,393			1,995			2,243
Mortgage payable, net		-			145,220			144,148			224,424			119,366			205,668			-
Total liabilities		6,825			156,314			158,420			252,731			127,755			225,563			9,520
Members’ equity (deficit)
Members’ capital		320,102			75,902			88,941			121,594			76,635			105,099			253,801
Retained earnings (accumulated deficit)		(4,992	)		(14,907	)		(15,002	)		(21,476	)		(7,422	)		(28,142	)		(2,810	)
Total members’ equity (deficit)		315,110			60,995			73,939			100,118			69,213			76,957			250,991
Total liabilities and members’ equity (deficit)	$	321,935		$	217,309		$	232,359		$	352,849		$	196,968		$	302,521		$	260,512

F-41

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Dolittle			Dolly			Dops			Dorchester			Dunbar			Duncan			Eagle
ASSETS
Current assets:
Cash	$	18,533		$	23,914		$	-		$	10,872		$	2,823		$	4,592		$	2,681
Accounts receivable		1,000			-			-			3,658			1,895			-			-
Prepaid expenses		4,856			1,173			449			1,187			409			-			1,837
Due from related party		-			-			-			276			-			-			18,590
Total current assets		24,390			25,087			449			15,994			5,127			4,592			23,109
Property and equipment, net		299,130			686,935			205,730			342,700			320,429			-			277,167
Deposits		3,443			18			-			2,211			4,113			-			1,501
Total assets	$	326,962		$	712,039		$	206,179		$	360,905		$	329,670		$	4,592		$	301,777
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	6,025		$	10,473		$	1,468		$	8,317		$	6,131		$	896		$	3,989
Due to related party		9,085			4,561			205,610			-			1,723			43,987			-
Total current liabilities		15,110			15,034			207,079			8,317			7,854			44,883			3,989
Tenant deposits		3,443			-			-			2,195			3,343			-			1,995
Mortgage payable, net		205,354			-			-			-			-			-			131,588
Total liabilities		223,906			15,034			207,079			10,512			11,196			44,883			137,572
Members’ equity (deficit)
Members’ capital		108,216			721,166			425			365,035			337,553			3,211			164,659
Retained earnings (accumulated deficit)		(5,160	)		(24,160	)		(1,325	)		(14,641	)		(19,079	)		(43,501	)		(455	)
Total members’ equity (deficit)		103,056			697,006			(900	)		350,394			318,473			(40,290	)		164,205
Total liabilities and members’ equity (deficit)	$	326,962		$	712,039		$	206,179		$	360,905		$	329,670		$	4,592		$	301,777

F-42

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Eastfair		Elevation			Elm			Emporia			Ensenada			Falcon			Folly
ASSETS
Current assets:
Cash	$	16,361	$	11,215		$	7,318		$	7,584		$	24,616		$	8,945		$	8,390
Accounts receivable		-		4,822			404			-			3,295			-			3,146
Prepaid expenses		3,648		9,865			3,408			6,099			8,671			2,064			968
Due from related party		-		-			-			6,420			-			8,747			-
Total current assets		20,009		25,902			11,129			20,102			36,581			19,756			12,504
Property and equipment, net		207,457		256,594			160,293			346,445			546,660			277,868			318,369
Deposits		3,590		4,679			663			4,590			3,306			1,950			2,704
Total assets	$	231,056	$	287,176		$	172,084		$	371,137		$	586,547		$	299,574		$	333,577
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	7,040	$	10,498		$	2,758		$	10,433		$	9,593		$	4,322		$	7,057
Due to related party		2,602		3,327			1,902			-			7,218			-			1,157
Total current liabilities		9,642		13,825			4,660			10,433			16,811			4,322			8,213
Tenant deposits		3,590		3,990			-			4,590			3,295			1,950			2,695
Mortgage payable, net		147,869		170,310			105,765			242,492			388,454			131,579			-
Total liabilities		161,101		188,125			110,425			257,514			408,560			137,851			10,908
Members’ equity (deficit)
Members’ capital		68,396		106,463			66,375			128,635			196,762			162,747			329,293
Retained earnings (accumulated deficit)		1,559		(7,412	)		(4,716	)		(15,012	)		(18,775	)		(1,023	)		(6,624	)
Total members’ equity (deficit)		69,956		99,050			61,659			113,623			177,988			161,723			322,669
Total liabilities and members’ equity (deficit)	$	231,056	$	287,176		$	172,084		$	371,137		$	586,547		$	299,574		$	333,577

F-43

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Forest			Gardens			Goose			Grant			Greenhill			Gretal			Grove
ASSETS
Current assets:
Cash	$	5,242		$	3,979		$	9,998		$	16,831		$	17,898		$	35,493		$	1,780
Accounts receivable		2,495			-			-			-			-			-			-
Prepaid expenses		4,758			2,348			1,726			5,904			3,984			1,000			2,657
Due from related party		-			-			8,349			-			-			-			-
Total current assets		12,495			6,327			20,073			22,735			21,882			36,492			4,437
Property and equipment, net		338,295			218,241			258,302			363,931			321,344			451,744			235,221
Deposits		-			7,253			2,100			-			4,830			68			1,954
Total assets	$	350,790		$	231,821		$	280,475		$	386,666		$	348,057		$	488,304		$	241,611
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	6,108		$	3,285		$	4,002		$	7,897		$	4,841		$	1,828		$	5,554
Due to related party		6,723			1,410			-			3,190			1,544			8,409			2,587
Total current liabilities		12,832			4,696			4,002			11,086			6,385			10,237			8,141
Tenant deposits		-			1,869			1,950			-			3,119			-			1,869
Mortgage payable, net		225,167			134,771			122,521			256,412			225,401			-			155,617
Total liabilities		237,998			141,335			128,473			267,499			234,904			10,237			165,627
Members’ equity (deficit)
Members’ capital		141,970			96,624			153,599			137,592			115,759			487,692			85,808
Retained earnings (accumulated deficit)		(29,178	)		(6,137	)		(1,598	)		(18,424	)		(2,607	)		(9,625	)		(9,824	)
Total members’ equity (deficit)		112,792			90,486			152,001			119,168			113,152			478,067			75,984
Total liabilities and members’ equity (deficit)	$	350,790		$	231,821		$	280,475		$	386,666		$	348,057		$	488,304		$	241,611

F-44

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Hadden			Hansard			Hansel			Harrison			Henry			Heritage			Heron
ASSETS
Current assets:
Cash	$	10,521		$	-		$	26,990		$	3,443		$	19,176		$	12,257		$	561
Accounts receivable		-			-			-			3,767			2,205			199			-
Prepaid expenses		2,033			1,301			2,355			4,485			-			4,153			1,710
Due from related party		816			-			-			17,417			-			-			10,769
Total current assets		13,369			1,301			29,345			29,112			21,381			16,609			13,041
Property and equipment, net		216,857			305,035			405,213			457,051			428,590			293,239			289,361
Deposits		1,645			-			25			3,145			-			7,987			2,524
Total assets	$	231,870		$	306,337		$	434,583		$	489,308		$	449,970		$	317,835		$	304,926
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	3,990		$	1,325		$	3,925		$	7,072		$	10,560		$	4,484		$	5,684
Due to related party		-			305,912			11,103			-			19,030			21,851			-
Total current liabilities		3,990			307,237			15,028			7,072			29,590			26,334			5,684
Tenant deposits		1,645			-			-			3,145			2,450			1,995			2,369
Mortgage payable, net		141,730			-			197,258			224,650			-			200,778			198,693
Total liabilities		147,365			307,237			212,286			234,867			32,040			229,107			206,746
Members’ equity (deficit)
Members’ capital		93,209			425			237,726			266,027			434,595			106,079			105,482
Retained earnings (accumulated deficit)		(8,703	)		(1,325	)		(15,429	)		(11,586	)		(16,664	)		(17,352	)		(7,302	)
Total members’ equity (deficit)		84,506			(900	)		222,297			254,440			417,931			88,728			98,180
Total liabilities and members’ equity (deficit)	$	231,870		$	306,337		$	434,583		$	489,308		$	449,970		$	317,835		$	304,926

F-45

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Highland			Hines			Holcomb			Holland			Hollandaise			Holloway			Inglewood
ASSETS
Current assets:
Cash	$	-		$	10,080		$	19,039		$	2,472		$	2,675		$	18,012		$	32,769
Accounts receivable		632			1,595			1,800			-			2,045			405			-
Prepaid expenses		618			340			445			3,386			3,942			5,906			3,254
Due from related party		5,772			-			-			3,703			5,977			-			-
Total current assets		7,021			12,014			21,284			9,560			14,639			24,324			36,023
Property and equipment, net		285,796			253,890			352,776			205,234			361,194			327,934			678,357
Deposits		2,843			1,894			7,660			3,019			9,658			3,752			45
Total assets	$	295,660		$	267,798		$	381,720		$	217,814		$	385,491		$	356,010		$	714,425
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	10,035		$	5,956		$	9,180		$	2,414		$	4,656		$	8,361		$	12,027
Due to related party		-			79			11,373			-			-			4,757			17,768
Total current liabilities		10,035			6,034			20,553			2,414			4,656			13,118			29,795
Tenant deposits		2,843			1,845			2,095			2,168			2,295			3,119			-
Mortgage payable, net		-			-			-			145,225			252,908			218,196			-
Total liabilities		12,877			7,879			22,648			149,806			259,859			234,433			29,795
Members’ equity (deficit)
Members’ capital		294,074			268,876			372,259			87,423			144,712			132,873			716,430
Retained earnings (accumulated deficit)		(11,292	)		(8,957	)		(13,187	)		(19,415	)		(19,080	)		(11,296	)		(31,800	)
Total members’ equity (deficit)		282,783			259,919			359,072			68,008			125,632			121,577			684,630
Total liabilities and members’ equity (deficit)	$	295,660		$	267,798		$	381,720		$	217,814		$	385,491		$	356,010		$	714,425

F-46

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Jack			Jake			Jefferson			Jill			Johnny			June			Jupiter
ASSETS
Current assets:
Cash	$	7,161		$	17,446		$	-		$	648		$	34,856		$	5,677		$	6,229
Accounts receivable		2,495			3,795			-			3,805			4,503			3,295			-
Prepaid expenses		5,724			882			1,262			4,356			947			959			5,446
Due from related party		3,011			-			-			21,589			417,430			454,717			-
Total current assets		18,390			22,123			1,262			30,397			457,736			464,648			11,674
Property and equipment, net		417,064			585,392			276,196			400,180			583,384			583,384			205,038
Deposits		2,975			8,351			-			2,204			4,125			3,545			1,869
Total assets	$	438,430		$	615,866		$	277,457		$	432,782		$	1,045,245		$	1,051,577		$	218,581
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	5,418		$	12,359		$	1,324		$	5,026		$	10,423		$	14,861		$	4,763
Due to related party		-			1,366			277,033			-			-			-			2,191
Total current liabilities		5,418			13,725			278,357			5,026			10,423			14,861			6,954
Tenant deposits		2,995			4,693			-			2,195			3,795			3,545			1,869
Mortgage payable, net		286,779			-			-			196,544			462,708			462,708			138,027
Total liabilities		295,193			18,418			278,357			203,765			476,927			481,114			146,850
Members’ equity (deficit)
Members’ capital		152,458			614,589			425			237,502			603,784			603,586			86,944
Retained earnings (accumulated deficit)		(9,221	)		(17,141	)		(1,325	)		(8,485	)		(35,466	)		(33,123	)		(15,213	)
Total members’ equity (deficit)		143,237			597,448			(900	)		229,017			568,318			570,463			71,731
Total liabilities and members’ equity (deficit)	$	438,430		$	615,866		$	277,457		$	432,782		$	1,045,245		$	1,051,577		$	218,581

F-47

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Kawana			Kennesaw			Kenny			KerriAnn			Kessler			Kingsley			Kirkwood
ASSETS
Current assets:
Cash	$	836		$	17,930		$	24,406		$	14,504		$	2,740		$	17,910		$	1,921
Accounts receivable		-			-			3,095			-			1,595			440			1,595
Prepaid expenses		2,293			1,002			1,173			5,728			4,125			5,541			3,171
Due from related party		12,893			-			-			-			4,308			-			1,153
Total current assets		16,022			18,932			28,674			20,231			12,768			23,891			7,840
Property and equipment, net		271,942			423,144			686,935			331,779			262,681			303,954			259,228
Deposits		2,792			9,410			3,113			2,392			1,773			2,869			2,636
Total assets	$	290,757		$	451,486		$	718,722		$	354,403		$	277,222		$	330,714		$	269,703
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	4,310		$	8,574		$	10,473		$	7,945		$	3,911		$	10,506		$	4,948
Due to related party		-			13,515			4,311			12,964			-			3,186			-
Total current liabilities		4,310			22,088			14,784			20,909			3,911			13,692			4,948
Tenant deposits		2,543			2,495			3,095			2,369			1,595			2,869			2,393
Mortgage payable, net		190,367			-			-			235,465			125,217			212,253			179,932
Total liabilities		197,219			24,583			17,879			258,743			130,723			228,814			187,272
Members’ equity (deficit)
Members’ capital		102,743			442,292			721,220			125,680			155,567			107,969			94,548
Retained earnings (accumulated deficit)		(9,206	)		(15,390	)		(20,377	)		(30,019	)		(9,068	)		(6,069	)		(12,116	)
Total members’ equity (deficit)		93,538			426,903			700,843			95,660			146,499			101,900			82,431
Total liabilities and members’ equity (deficit)	$	290,757		$	451,486		$	718,722		$	354,403		$	277,222		$	330,714		$	269,703

F-48

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Korin			Lallie			Lanier			Lannister			Latte			Lennox			Lierly
ASSETS
Current assets:
Cash	$	-		$	4,816		$	24,791		$	4,232		$	17,864		$	21,323		$	21,568
Accounts receivable		-			-			-			-			-			-			1,167
Prepaid expenses		452			9,284			4,454			2,108			754			1,544			-
Due from related party		-			-			-			-			-			-			-
Total current assets		452			14,101			29,246			6,339			18,618			22,867			22,735
Property and equipment, net		279,972			357,879			374,815			179,593			363,287			209,096			203,598
Deposits		-			2,495			4,406			341			4,593			1,695			1,750
Total assets	$	280,424		$	374,474		$	408,467		$	186,273		$	386,498		$	233,657		$	228,084
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	1,930		$	5,346		$	4,818		$	4,754		$	4,292		$	3,592		$	8,152
Due to related party		279,802			5,275			8,564			1,575			3,784			5,580			6,931
Total current liabilities		281,732			10,621			13,382			6,329			8,075			9,172			15,083
Tenant deposits		-			2,495			2,295			1,943			3,293			1,695			1,750
Mortgage payable, net		-			237,511			261,231			112,500			-			137,710			129,551
Total liabilities		281,732			250,628			276,909			120,771			11,368			148,577			146,384
Members’ equity (deficit)
Members’ capital		425			127,885			138,044			81,590			378,945			85,589			81,546
Retained earnings (accumulated deficit)		(1,733	)		(4,039	)		(6,485	)		(16,088	)		(3,815	)		(509	)		154
Total members’ equity (deficit)		(1,308	)		123,846			131,558			65,502			375,130			85,080			81,700
Total liabilities and members’ equity (deficit)	$	280,424		$	374,474		$	408,467		$	186,273		$	386,498		$	233,657		$	228,084

F-49

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Lily			Limestone			Litton		Lookout			Loretta			Louise			Lovejoy
ASSETS
Current assets:
Cash	$	41,852		$	14,859		$	10,902	$	15,181		$	23,875		$	22,275		$	5,439
Accounts receivable		155			1,881			4,390		1,895			-			-			-
Prepaid expenses		9,859			4,886			704		522			1,469			2,510			4,116
Due from related party		-			9,765			11,031		-			-			-			4,632
Total current assets		51,866			31,391			27,026		17,599			25,344			24,785			14,186
Property and equipment, net		519,529			283,700			322,715		342,965			683,656			272,804			290,569
Deposits		2,802			3,308			2,399		2,395			34			2,994			2,008
Total assets	$	574,197		$	318,399		$	352,141	$	362,959		$	709,035		$	300,583		$	306,763
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	11,015		$	7,825		$	2,576	$	5,929		$	10,860		$	2,817		$	8,197
Due to related party		90,222			-			-		11,299			1,835			10,592			-
Total current liabilities		101,237			7,825			2,576		17,228			12,696			13,410			8,197
Tenant deposits		2,395			3,293			2,445		2,395			-			2,369			1,995
Mortgage payable, net		308,542			200,822			155,200		-			-			179,938			202,882
Total liabilities		412,174			211,940			160,221		19,623			12,696			195,716			213,073
Members’ equity (deficit)
Members’ capital		217,605			112,906			190,597		351,271			707,719			108,670			106,750
Retained earnings (accumulated deficit)		(55,583	)		(6,447	)		1,323		(7,935	)		(11,380	)		(3,803	)		(13,061	)
Total members’ equity (deficit)		162,022			106,459			191,920		343,336			696,340			104,866			93,689
Total liabilities and members’ equity (deficit)	$	574,197		$	318,399		$	352,141	$	362,959		$	709,035		$	300,583		$	306,763

F-50

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Luna			Lurleen			Madison			Mae			Magnolia			Malbec			Mammoth
ASSETS
Current assets:
Cash	$	15,413		$	-		$	8,751		$	29,828		$	3,512		$	19,049		$	12,991
Accounts receivable		-			-			-			1,907			140			50			-
Prepaid expenses		3,348			462			2,385			1,019			2,935			3,016			3,069
Due from related party		-			-			-			-			-			-			-
Total current assets		18,762			462			11,137			32,754			6,587			22,115			16,060
Property and equipment, net		207,457			230,826			204,533			352,635			255,241			307,210			337,361
Deposits		1,750			-			-			4,190			6,677			2,220			6,294
Total assets	$	227,969		$	231,288		$	215,669		$	389,579		$	268,505		$	331,545		$	359,715
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	8,388		$	12,181		$	4,517		$	8,045		$	3,992		$	4,572		$	4,319
Due to related party		1,521			114,003			6,283			3,237			12,458			6,680			6,407
Total current liabilities		9,908			126,184			10,800			11,282			16,450			11,251			10,726
Tenant deposits		1,750			-			-			4,190			1,795			2,195			2,095
Mortgage payable, net		147,869			106,700			99,754			-			170,844			204,766			235,528
Total liabilities		159,527			232,884			110,554			15,472			189,090			218,213			248,349
Members’ equity (deficit)
Members’ capital		71,740			425			117,868			382,186			94,796			113,451			122,952
Retained earnings (accumulated deficit)		(3,297	)		(2,021	)		(12,753	)		(8,079	)		(15,380	)		(118	)		(11,586	)
Total members’ equity (deficit)		68,442			(1,596	)		105,115			374,107			79,416			113,333			111,366
Total liabilities and members’ equity (deficit)	$	227,969		$	231,288		$	215,669		$	389,579		$	268,505		$	331,545		$	359,715

F-51

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Marcelo			Marie			Marietta			Matchingham		McGregor			McLovin			Meadow
ASSETS
Current assets:
Cash	$	23,489		$	-		$	1,248		$	20,963	$	11,409		$	16,279		$	4,686
Accounts receivable		3,390			-			2,095			-		1,895			2,995			1,770
Prepaid expenses		575			1,426			1,240			4,136		-			17,327			5,592
Due from related party		-			-			17,540			-		-			-			6,361
Total current assets		27,454			1,426			22,123			25,099		13,304			36,601			18,408
Property and equipment, net		284,214			321,473			301,994			205,667		298,184			514,356			311,523
Deposits		1,972			-			2,180			1,795		2,294			3,416			30
Total assets	$	313,641		$	322,899		$	326,296		$	232,562	$	313,783		$	554,373		$	329,962
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	6,772		$	1,321		$	4,966		$	6,093	$	8,581		$	16,974		$	5,427
Due to related party		5,099			322,478			-			3,551		4,468			7,952			-
Total current liabilities		11,871			323,799			4,966			9,643		13,049			24,926			5,427
Tenant deposits		1,945			-			2,095			1,795		1,895			3,495			-
Mortgage payable, net		-			-			148,320			144,588		-			364,111			212,637
Total liabilities		13,816			323,799			155,381			156,026		14,944			392,532			218,064
Members’ equity (deficit)
Members’ capital		309,810			425			182,313			75,559		312,893			180,906			134,354
Retained earnings (accumulated deficit)		(9,986	)		(1,325	)		(11,398	)		977		(14,054	)		(19,065	)		(22,456	)
Total members’ equity (deficit)		299,825			(900	)		170,915			76,536		298,839			161,841			111,898
Total liabilities and members’ equity (deficit)	$	313,641		$	322,899		$	326,296		$	232,562	$	313,783		$	554,373		$	329,962

F-52

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Mimosa			Mojave			Murphy			Nugget			Odessa			Olive			Oly
ASSETS
Current assets:
Cash	$	-		$	5,449		$	20,675		$	18,287		$	8,131		$	10,245		$	20,613
Accounts receivable		847			-			-			2,795			2,795			179			5,690
Prepaid expenses		381			4,416			5,045			-			11,525			4,185			11,158
Due from related party		14,544			-			-			-			-			-			-
Total current assets		15,773			9,865			25,720			21,082			22,452			14,609			37,461
Property and equipment, net		215,236			235,563			289,461			556,495			518,681			228,240			515,071
Deposits		11,463			1,596			2,295			3,295			4,232			2,262			3,125
Total assets	$	242,472		$	247,024		$	317,476		$	580,871		$	545,365		$	245,112		$	555,657
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	11,606		$	6,802		$	7,165		$	13,760		$	14,992		$	4,791		$	13,656
Due to related party		-			2,400			1,890			7,832			4,782			2,551			5,227
Total current liabilities		11,606			9,202			9,055			21,591			19,774			7,342			18,883
Tenant deposits		1,495			1,596			2,295			3,295			4,193			1,895			3,045
Mortgage payable, net		104,275			159,977			205,049			-			371,090			124,190			364,815
Total liabilities		117,376			170,775			216,399			24,886			395,056			133,426			386,743
Members’ equity (deficit)
Members’ capital		133,748			78,616			105,344			569,492			190,413			119,662			179,516
Retained earnings (accumulated deficit)		(8,652	)		(2,367	)		(4,268	)		(13,507	)		(40,104	)		(7,977	)		(10,602	)
Total members’ equity (deficit)		125,096			76,249			101,077			555,985			150,309			111,685			168,914
Total liabilities and members’ equity (deficit)	$	242,472		$	247,024		$	317,476		$	580,871		$	545,365		$	245,112		$	555,657

F-53

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Osprey			Otoro			Patrick			Peanut			Pearl			Pecan			Piedmont
ASSETS
Current assets:
Cash	$	15,951		$	2,223		$	14,028		$	5,669		$	34,369		$	21,146		$	3,075
Accounts receivable		-			8,385			-			-			-			1,600			2,295
Prepaid expenses		814			6,139			-			3,129			910			-			5,844
Due from related party		-			-			-			5,742			-			-			19,699
Total current assets		16,765			16,747			14,028			14,539			35,279			22,746			30,913
Property and equipment, net		354,213			388,421			199,889			213,432			542,384			198,235			382,564
Deposits		2,455			5,272			1,222			2,128			1,381			964			2,295
Total assets	$	373,433		$	410,440		$	215,139		$	230,099		$	579,044		$	221,945		$	415,772
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	10,359		$	6,765		$	6,988		$	2,077		$	10,823		$	7,400		$	6,026
Due to related party		1,087			9,170			7,152			-			9,354			8,072			-
Total current liabilities		11,446			15,935			14,140			2,077			20,176			15,472			6,026
Tenant deposits		2,295			-			1,575			2,093			3,000			1,863			2,295
Mortgage payable, net		-			271,662			107,762			145,194			-			112,313			187,900
Total liabilities		13,741			287,598			123,478			149,363			23,176			129,648			196,221
Members’ equity (deficit)
Members’ capital		366,116			139,723			98,959			82,076			556,159			93,112			231,818
Retained earnings (accumulated deficit)		(6,425	)		(16,881	)		(7,298	)		(1,341	)		(291	)		(816	)		(12,267	)
Total members’ equity (deficit)		359,692			122,842			91,661			80,736			555,868			92,297			219,551
Total liabilities and members’ equity (deficit)	$	373,433		$	410,440		$	215,139		$	230,099		$	579,044		$	221,945		$	415,772

F-54

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Pinot			Pioneer			Plumtree			Point			Quincy			Redondo			Regency
ASSETS
Current assets:
Cash	$	20,217		$	16,528		$	22,430		$	17,871		$	27,074		$	1,721		$	-
Accounts receivable		-			-			-			797			4,156			-			-
Prepaid expenses		2,573			-			-			5,039			5,826			716			1,430
Due from related party		-			-			-			-			-			24,718			-
Total current assets		22,790			16,528			22,430			23,707			37,056			27,156			1,430
Property and equipment, net		310,171			583,726			191,474			378,872			544,809			314,974			277,367
Deposits		-			23			3,958			3,298			2,723			1,946			-
Total assets	$	332,961		$	600,277		$	217,862		$	405,877		$	584,588		$	344,075		$	278,797
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	5,589		$	10,711		$	8,427		$	5,361		$	11,909		$	8,237		$	5,170
Due to related party		6,733			15,398			5,350			2,595			16,409			-			141,419
Total current liabilities		12,321			26,109			13,776			7,956			28,318			8,237			146,589
Tenant deposits		2,195			-			3,000			2,295			2,695			2,195			-
Mortgage payable, net		206,884			-			109,808			265,053			-			152,775			133,375
Total liabilities		221,400			26,109			126,584			275,304			31,013			163,207			279,964
Members’ equity (deficit)
Members’ capital		114,361			594,941			92,346			140,256			580,959			186,522			425
Retained earnings (accumulated deficit)		(2,800	)		(20,773	)		(1,068	)		(9,684	)		(27,384	)		(5,654	)		(1,592	)
Total members’ equity (deficit)		111,561			574,168			91,278			130,572			553,575			180,868			(1,167	)
Total liabilities and members’ equity (deficit)	$	332,961		$	600,277		$	217,862		$	405,877		$	584,588		$	344,075		$	278,797

F-55

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Reginald			Reynolds			Ribbonwalk			Richardson			Ridge			Ritter			River
ASSETS
Current assets:
Cash	$	2,299		$	17,087		$	7,106		$	16,699		$	17,882		$	14,795		$	21,045
Accounts receivable		2,695			-			-			3,990			-			-			-
Prepaid expenses		2,924			1,034			5,861			617			3,554			779			3,662
Due from related party		-			-			-			1,007			-			-			-
Total current assets		7,919			18,121			12,967			22,313			21,435			15,574			24,707
Property and equipment, net		442,303			428,112			311,484			313,533			210,060			501,430			257,264
Deposits		4,319			9,755			4,162			2,003			2,204			9			2,993
Total assets	$	454,541		$	455,988		$	328,613		$	337,849		$	233,699		$	517,013		$	284,963
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	10,395		$	9,883		$	6,660		$	7,371		$	4,770		$	9,115		$	6,850
Due to related party		13,617			7,060			7,411			-			4,483			1,219			3,868
Total current liabilities		24,012			16,943			14,071			7,371			9,253			10,334			10,718
Tenant deposits		4,293			2,495			1,995			1,995			2,543			-			2,993
Mortgage payable, net		-			-			221,665			-			138,354			-			170,310
Total liabilities		28,305			19,438			237,730			9,366			150,149			10,334			184,021
Members’ equity (deficit)
Members’ capital		460,250			447,118			118,098			338,204			83,833			526,840			103,062
Retained earnings (accumulated deficit)		(34,013	)		(10,567	)		(27,215	)		(9,721	)		(283	)		(20,160	)		(2,120	)
Total members’ equity (deficit)		426,237			436,550			90,883			328,483			83,550			506,679			100,942
Total liabilities and members’ equity (deficit)	$	454,541		$	455,988		$	328,613		$	337,849		$	233,699		$	517,013		$	284,963

F-56

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Riverwalk			Rooney			Roseberry			Rosewood			Roxy			Saddlebred			Saint
ASSETS
Current assets:
Cash	$	12,003		$	3,150		$	11,158		$	1,800		$	2,685		$	21,247		$	26,429
Accounts receivable		4,790			2,095			1,630			785			1,995			6,867			3,990
Prepaid expenses		758			4,564			4,301			2,374			3,116			8,972			4,952
Due from related party		-			-			-			-			-			-			-
Total current assets		17,551			9,809			17,088			4,958			7,796			37,085			35,371
Property and equipment, net		393,483			362,399			317,420			268,383			323,243			475,107			314,445
Deposits		4,399			2,607			5,245			2,986			2,407			6,147			2,565
Total assets	$	415,433		$	374,815		$	339,753		$	276,327		$	333,446		$	518,339		$	352,381
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	7,055		$	4,924		$	10,372		$	2,933		$	3,736		$	9,942		$	13,586
Due to related party		1,340			4,043			7,871			31			7,832			31,233			6,246
Total current liabilities		8,395			8,967			18,243			2,964			11,568			41,176			19,832
Tenant deposits		4,390			2,095			3,443			2,768			1,995			4,168			2,495
Mortgage payable, net		-			256,412			209,026			186,881			218,150			329,391			209,723
Total liabilities		12,785			267,474			230,711			192,612			231,712			374,734			232,050
Members’ equity (deficit)
Members’ capital		412,678			133,554			117,453			100,246			120,728			177,654			121,253
Retained earnings (accumulated deficit)		(10,030	)		(26,212	)		(8,411	)		(16,531	)		(18,994	)		(34,050	)		(922	)
Total members’ equity (deficit)		402,648			107,342			109,042			83,715			101,734			143,605			120,330
Total liabilities and members’ equity (deficit)	$	415,433		$	374,815		$	339,753		$	276,327		$	333,446		$	518,339		$	352,381

F-57

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Salem		Saturn			Scepter			Sequoyah			Shallowford			Shoreline			Sigma
ASSETS
Current assets:
Cash	$	16,872	$	6,596		$	7,959		$	10,446		$	1,845		$	12,274		$	28,918
Accounts receivable		-		-			-			-			2,739			-			5,049
Prepaid expenses		2,557		4,049			4,417			604			5,062			3,975			6,192
Due from related party		-		-			-			10,019			12,911			-			-
Total current assets		19,429		10,645			12,375			21,069			22,557			16,248			40,159
Property and equipment, net		307,174		215,621			265,014			249,039			359,892			299,730			378,585
Deposits		5,270		1,806			18			-			2,721			2,295			2,869
Total assets	$	331,873	$	228,072		$	277,408		$	270,108		$	385,170		$	318,273		$	421,612
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	4,483	$	3,534		$	4,010		$	2,927		$	5,546		$	8,513		$	8,250
Due to related party		6,905		8,572			3,246			-			-			356			21,299
Total current liabilities		11,388		12,106			7,255			2,927			5,546			8,870			29,549
Tenant deposits		2,195		1,806			-			-			2,545			2,295			2,869
Mortgage payable, net		208,657		138,032			186,917			120,280			176,630			209,892			266,821
Total liabilities		222,240		151,944			194,172			123,207			184,721			221,057			299,239
Members’ equity (deficit)
Members’ capital		109,377		91,356			99,536			149,891			214,901			108,066			133,427
Retained earnings (accumulated deficit)		256		(15,228	)		(16,301	)		(2,991	)		(14,451	)		(10,850	)		(11,053	)
Total members’ equity (deficit)		109,633		76,128			83,236			146,901			200,450			97,216			122,373
Total liabilities and members’ equity (deficit)	$	331,873	$	228,072		$	277,408		$	270,108		$	385,170		$	318,273		$	421,612

F-58

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Soapstone			Sodalis			Spencer			Splash			Spring			Stonebriar			Sugar
ASSETS
Current assets:
Cash	$	18,435		$	6,342		$	16,586		$	17,449		$	11,480		$	1,421		$	20,024
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		-			468			4,762			-			535			2,171			3,768
Due from related party		-			1,382			-			-			1,294			-			-
Total current assets		18,435			8,192			21,348			17,449			13,309			3,592			23,793
Property and equipment, net		208,333			288,526			290,215			207,594			246,601			201,133			300,610
Deposits		1,907			1,205			2,729			1,673			1,795			5,123			3,590
Total assets	$	228,676		$	297,922		$	314,291		$	226,716		$	261,706		$	209,848		$	327,993
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	8,387		$	6,326		$	9,843		$	5,834		$	6,158		$	3,389		$	5,189
Due to related party		7,177			-			2,513			5,759			-			5,946			5,292
Total current liabilities		15,563			6,326			12,356			11,593			6,158			9,335			10,481
Tenant deposits		1,600			-			2,744			1,450			1,695			1,395			3,590
Mortgage payable, net		126,707			-			192,443			121,846			-			132,681			198,873
Total liabilities		143,870			6,326			207,542			134,889			7,853			143,411			212,944
Members’ equity (deficit)
Members’ capital		87,487			305,584			112,220			92,454			261,381			79,009			129,126
Retained earnings (accumulated deficit)		(2,681	)		(13,988	)		(5,471	)		(627	)		(7,529	)		(12,572	)		(14,078	)
Total members’ equity (deficit)		84,806			291,596			106,749			91,827			253,852			66,437			115,048
Total liabilities and members’ equity (deficit)	$	228,676		$	297,922		$	314,291		$	226,716		$	261,706		$	209,848		$	327,993

F-59

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Summerset			Sundance			Sunnyside			Swift			Taylor			Terracotta			Tulip
ASSETS
Current assets:
Cash	$	1,043		$	10,726		$	-		$	11,245		$	2,567		$	13,875		$	771
Accounts receivable		5,475			4,390			-			-			1,445			2,095			6,285
Prepaid expenses		3,991			695			1,091			-			1,154			4,903			3,066
Due from related party		-			10,868			-			-			15,904			3,263			-
Total current assets		10,509			26,680			1,091			11,245			21,070			24,136			10,122
Property and equipment, net		246,010			324,315			227,882			345,941			233,803			315,349			314,141
Deposits		2,644			8,290.52			-			11,067			1,610			2,095			3,143
Total assets	$	259,163		$	359,285		$	228,973		$	368,252		$	256,482		$	341,580		$	327,406
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	6,599		$	19,720		$	6,284		$	9,130		$	4,326		$	6,146		$	5,213
Due to related party		2,263			-			223,589			6,733			-			-			2,064
Total current liabilities		8,862			19,720			229,873			15,862			4,326			6,146			7,277
Tenant deposits		2,119			2,695			-			2,295			1,495			2,095			3,143
Mortgage payable, net		163,470			152,775			-			-			111,950			220,248			219,546
Total liabilities		174,450			175,190			229,873			18,157			117,771			228,488			229,966
Members’ equity (deficit)
Members’ capital		96,302			186,325			425			355,656			143,855			120,435			113,863
Retained earnings (accumulated deficit)		(11,589	)		(2,229	)		(1,325	)		(5,561	)		(5,144	)		(7,344	)		(16,422	)
Total members’ equity (deficit)		84,713			184,096			(900	)		350,095			138,711			113,091			97,441
Total liabilities and members’ equity (deficit)	$	259,163		$	359,285		$	228,973		$	368,252		$	256,482		$	341,580		$	327,406

F-60

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Tuscan			Tuscarora			Tuxford			Vernon			Walton			Wave			Weldon
ASSETS
Current assets:
Cash	$	18,855		$	-		$	746		$	6,224		$	483		$	1,737		$	10,131
Accounts receivable		-			-			-			-			-			-			-
Prepaid expenses		-			1,347			11,904			3,370			2,753			3,901			4,623
Due from related party		-			-			-			-			225,165			-			-
Total current assets		18,855			1,347			12,649			9,594			228,401			5,638			14,754
Property and equipment, net		309,887			336,505			258,704			256,133			298,931			330,441			205,042
Deposits		6,919			-			2,571			10,017			16			4,774			2,168
Total assets	$	335,661		$	337,853		$	273,925		$	275,743		$	527,349		$	340,853		$	221,964
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	8,889		$	3,188		$	8,917		$	4,842		$	10,571		$	4,622		$	5,737
Due to related party		9,732			335,565			7,709			5,533			-			12,744			6,646
Total current liabilities		18,621			338,753			16,625			10,375			10,571			17,366			12,383
Tenant deposits		4,490			-			1,895			2,843			-			2,744			2,168
Mortgage payable, net		180,686			-			176,469			179,799			226,708			221,638			134,800
Total liabilities		203,797			338,753			194,989			193,017			237,279			241,748			149,350
Members’ equity (deficit)
Members’ capital		136,641			425			97,910			93,941			315,086			118,413			86,937
Retained earnings (accumulated deficit)		(4,777	)		(1,325	)		(18,975	)		(11,215	)		(25,017	)		(19,308	)		(14,324	)
Total members’ equity (deficit)		131,864			(900	)		78,935			82,726			290,069			99,105			72,614
Total liabilities and members’ equity (deficit)	$	335,661		$	337,853		$	273,925		$	275,743		$	527,349		$	340,853		$	221,964

F-61

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Wellington			Wentworth			Wescott			Westchester			Wildwood			Willow			Wilson
ASSETS
Current assets:
Cash	$	27,539		$	8,400		$	1,739		$	20,902		$	8,765		$	965		$	18,254
Accounts receivable		-			1,595			1,795			-			1,595			1,695			2,195
Prepaid expenses		944			5,160			3,867			7,051			4,490			640			-
Due from related party		-			4,057			-			-			-			15,295			155
Total current assets		28,483			19,213			7,401			27,953			14,849			18,595			20,604
Property and equipment, net		404,211			227,961			272,352			329,511			218,766			291,692			388,328
Deposits		7,896			1,595			1,977			3,959			2,244			2,624			2,583
Total assets	$	440,589		$	248,768		$	281,731		$	361,423		$	235,859		$	312,911		$	411,514
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	9,274		$	8,202		$	4,912		$	9,320		$	3,431		$	6,528		$	8,528
Due to related party		2,977			-			3,421			1,649			3,338			-			-
Total current liabilities		12,251			8,202			8,333			10,969			6,768			6,528			8,528
Tenant deposits		2,395			1,595			1,795			3,119			1,845			2,195			2,445
Mortgage payable, net		-			154,981			132,843			196,298			107,116			-			-
Total liabilities		14,646			164,778			142,970			210,386			115,729			8,723			10,973
Members’ equity (deficit)
Members’ capital		435,997			84,901			154,444			157,292			129,674			309,455			408,026
Retained earnings (accumulated deficit)		(10,053	)		(911	)		(15,683	)		(6,254	)		(9,544	)		(5,268	)		(7,484	)
Total members’ equity (deficit)		425,944			83,990			138,760			151,038			120,130			304,187			400,541
Total liabilities and members’ equity (deficit)	$	440,589		$	248,768		$	281,731		$	361,423		$	235,859		$	312,911		$	411,514

F-62

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2022

	Windsor			Winston			Wisteria			Consolidated
ASSETS
Current assets:
Cash	$	19,324		$	20,935		$	15,575		$	2,326,787
Accounts receivable		-			2,859			-			248,127
Prepaid expenses		3,250			831			3,559			583,408
Due from related party		-			3,239			-			1,566,736
Total current assets		22,575			27,863			19,134			4,725,058
Property and equipment, net		338,374			328,407			293,483			64,472,312
Deposits		5,610			1,795			5,724			557,106
Total assets	$	366,559		$	358,066		$	318,341		$	69,754,477
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Accrued expenses	$	10,671		$	4,601		$	5,094		$	1,385,744
Due to related party		2,681			-			2,452			3,969,826
Total current liabilities		13,352			4,601			7,547			5,355,571
Tenant deposits		3,893			1,795			3,293			412,844
Mortgage payable, net		224,626			-			205,228			25,020,030
Total liabilities		241,870			6,396			216,067			30,788,445
Members’ equity (deficit)
Members’ capital		128,899			352,925			106,607			41,187,227
Retained earnings (accumulated deficit)		(4,211	)		(1,255	)		(4,333	)		(2,221,195	)
Total members’ equity (deficit)		124,688			351,670			102,274			38,966,032
Total liabilities and members’ equity (deficit)	$	366,559		$	358,066		$	318,341		$	69,754,477

See the accompanying notes to these consolidated and consolidating financial statements.

F-63

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	100		101			Abbington		Amber			Apollo			Aster			Augusta
Rental income	$	21,695	$	-		$	17,107	$	11,370		$	9,630		$	4,715		$	-
Total revenue		21,695		-			17,107		11,370			9,630			4,715			-
Operating expenses
Depreciation		2,815		8,719			6,578		4,208			2,691			3,510			-
Insurance		1,230		1,098			852		3,636			1,216			1,279			-
Management fees		5,335		3,632			3,948		1,642			1,206			1,142			-
Repair and maintenance		4,424		-			947		175			-			6,802			133
Property taxes		806		933			1,334		5,579			1,982			1,286			273
Other operating expenses		2,174		3,404			3,255		810			990			3,005			856
Total operating expenses		16,783		17,787			16,913		16,049			8,087			17,024			1,262
Income (loss) from operations		4,912		(17,787	)		194		(4,679	)		1,543			(12,310	)		(1,262	)
Other income (expenses)
Other income		-		-			-		-			-			-			-
Other expenses		-		-			-		-			-			-			-
Interest expense		-		-			-		(3,929	)		(5,817	)		(4,223	)		-
Total other income (expenses)		-		-			-		(3,929	)		(5,817	)		(4,223	)		-
Net income (loss)		4,912		(17,787	)		194		(8,608	)		(4,274	)		(16,533	)		(1,262	)

F-64

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Avebury			Avondale			Badminton			Bandelier			Baron			Basil			Bayside
Rental income	$	10,915		$	-		$	11,970		$	13,170		$	17,370		$	7,475		$	12,570
Total revenue		10,915			-			11,970			13,170			17,370			7,475			12,570
Operating expenses
Depreciation		3,995			-			3,505			4,170			8,229			2,784			3,525
Insurance		1,747			203			1,238			870			1,091			666			866
Management fees		1,624			165			1,509			1,862			4,725			1,076			1,621
Repair and maintenance		2,313			-			1,480			-			678			-			1,848
Property taxes		1,254			303			4,203			(202	)		1,765			1,622			6,906
Other operating expenses		1,156			3,305			877			1,702			1,119			916			486
Total operating expenses		12,088			3,975			12,812			8,401			17,606			7,065			15,252
Income (loss) from operations		(1,173	)		(3,975	)		(842	)		4,769			(236	)		410			(2,682	)
Other income (expenses)
Other income		-			-			-			-			10			-			-
Other expenses		-			-			-			-			-			-			-
Interest expense		(3,971	)		-			(4,070	)		(4,789	)		-			(2,228	)		(3,873	)
Total other income (expenses)		(3,971	)		-			(4,070	)		(4,789	)		10			(2,228	)		(3,873	)
Net income (loss)		(5,144	)		(3,975	)		(4,912	)		(20	)		(226	)		(1,818	)		(6,555	)

F-65

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Bazzel		Bedford			Bella			Belle			Belvedere			Bergenia			Blossom
Rental income	$	9,075	$	12,852		$	-		$	13,611		$	612		$	-		$	8,575
Total revenue		9,075		12,852			-			13,611			612			-			8,575
Operating expenses
Depreciation		3,763		3,847			-			6,042			-			-			3,495
Insurance		577		820			98			812			209			159			550
Management fees		2,182		1,717			-			2,435			218			-			1,521
Repair and maintenance		-		250			-			11,501			3,320			-			1,386
Property taxes		905		1,313			224			(654	)		270			-			1,403
Other operating expenses		1,062		810			663			2,852			4,625			-			1,114
Total operating expenses		8,489		8,758			985			22,989			8,641			159			9,469
Income (loss) from operations		587		4,094			(985	)		(9,378	)		(8,029	)		(159	)		(894	)
Other income (expenses)
Other income		-		-			-			-			-			-			-
Other expenses		-		-			-			-			-			-			-
Interest expense		-		(3,835	)		-			-			-			-			-
Total other income (expenses)		-		(3,835	)		-			-			-			-			-
Net income (loss)		587		260			(985	)		(9,378	)		(8,029	)		(159	)		(894	)

F-66

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Bonneau			Brainerd			Braxton			Brennan			Brooklyn			Burlington		Butter
Rental income	$	13,400		$	10,271		$	10,048		$	3,625		$	3,244		$	20,483	$	18,379
Total revenue		13,400			10,271			10,048			3,625			3,244			20,483		18,379
Operating expenses
Depreciation		5,137			3,998			4,458			3,115			2,802			8,916		5,190
Insurance		906			534			598			776			382			1,243		2,099
Management fees		2,080			1,762			1,844			628			758			5,420		2,147
Repair and maintenance		903			3,056			1,375			4,426			6,785			505		-
Property taxes		3,360			1,626			4,503			227			855			2,013		5,415
Other operating expenses		3,566			2,617			1,389			313			1,895			1,396		973
Total operating expenses		15,953			13,594			14,169			9,484			13,477			19,493		15,824
Income (loss) from operations		(2,554	)		(3,322	)		(4,121	)		(5,860	)		(10,233	)		990		2,555
Other income (expenses)
Other income		-			-			-			-			18			43		-
Other expenses		-			-			-			-			-			-		-
Interest expense		-			(4,737	)		(493	)		(4,495	)		(2,712	)		-		(5,130	)
Total other income (expenses)		-			(4,737	)		(493	)		(4,495	)		(2,694	)		43		(5,130	)
Net income (loss)		(2,554	)		(8,060	)		(4,614	)		(10,354	)		(12,926	)		1,033		(2,575	)

F-67

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Camino		Campbell			Cawley			Centennial			Chaparral			Chelsea			Chester
Rental income	$	8,775	$	-		$	-		$	11,370		$	10,425		$	11,465		$	13,272
Total revenue		8,775		-			-			11,370			10,425			11,465			13,272
Operating expenses
Depreciation		3,644		1,422			-			3,917			2,700			4,234			5,944
Insurance		518		220			109			175			443			1,226			1,403
Management fees		1,497		-			-			1,501			1,317			1,734			2,248
Repair and maintenance		-		166			2,393			-			742			350			494
Property taxes		1,458		4,770			-			1,317			(749	)		(1,586	)		1,632
Other operating expenses		990		3,286			1,380			1,879			742			1,597			2,457
Total operating expenses		8,107		9,863			3,881			8,789			5,195			7,555			14,177
Income (loss) from operations		668		(9,863	)		(3,881	)		2,581			5,230			3,910			(906	)
Other income (expenses)
Other income		-		-			-			-			-			-			-
Other expenses		-		(31,381	)		-			-			-			-			-
Interest expense		-		-			-			(4,438	)		(2,154	)		(4,215	)		(6,161	)
Total other income (expenses)		-		(31,381	)		-			(4,438	)		(2,154	)		(4,215	)		(6,161	)
Net income (loss)		668		(41,245	)		(3,881	)		(1,857	)		3,076			(305	)		(7,067	)

F-68

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Chickamauga			Chinook			Chitwood		Clover		Coatbridge			Collier			Collinston
Rental income	$	11,051		$	-		$	14,825	$	12,470	$	6,115		$	11,150		$	12,421
Total revenue		11,051			-			14,825		12,470		6,115			11,150			12,421
Operating expenses
Depreciation		5,129			-			5,255		4,397		3,730			4,879			2,906
Insurance		689			125			703		663		859			691			614
Management fees		2,001			-			2,941		2,819		1,454			3,016			1,432
Repair and maintenance		3,567			-			908		950		-			2,725			7,752
Property taxes		1,718			-			849		1,856		7,984			221			2,645
Other operating expenses		4,107			977			2,474		1,130		1,181			3,111			1,439
Total operating expenses		17,211			1,102			13,131		11,816		15,208			14,642			16,788
Income (loss) from operations		(6,160	)		(1,102	)		1,694		655		(9,093	)		(3,492	)		(4,367	)
Other income (expenses)
Other income		8			-			-		-		-			-			-
Other expenses		-			-			-		-		-			-			-
Interest expense		-			-			-		-		(4,778	)		-			(2,674	)
Total other income (expenses)		8			-			-		-		(4,778	)		-			(2,674	)
Net income (loss)		(6,152	)		(1,102	)		1,694		655		(13,870	)		(3,492	)		(7,041	)

F-69

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Conway			Cove			Creekside		Creekwood			Cumberland		Cupcake			Cypress
Rental income	$	16,686		$	3,245		$	11,720	$	10,960		$	10,170	$	9,970		$	13,927
Total revenue		16,686			3,245			11,720		10,960			10,170		9,970			13,927
Operating expenses
Depreciation		9,454			963			4,260		3,975			4,059		3,275			5,011
Insurance		1,177			173			621		567			662		525			891
Management fees		3,390			365			2,565		1,745			1,769		1,343			2,265
Repair and maintenance		1,789			99			452		1,984			357		309			4,159
Property taxes		1,836			578			1,679		1,233			606		1,115			1,573
Other operating expenses		3,736			3,972			1,390		1,205			1,631		1,144			2,159
Total operating expenses		21,382			6,150			10,967		10,709			9,083		7,711			16,058
Income (loss) from operations		(4,696	)		(2,905	)		753		250			1,087		2,259			(2,131	)
Other income (expenses)
Other income		-			2			-		-			-		-			-
Other expenses		-			-			-		-			-		-			-
Interest expense		(493	)		-			-		(4,795	)		-		(2,814	)		(6,045	)
Total other income (expenses)		(493	)		2			-		(4,795	)		-		(2,814	)		(6,045	)
Net income (loss)		(5,189	)		(2,903	)		753		(4,545	)		1,087		(555	)		(8,176	)

F-70

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Daisy			Davidson			Dawson			Delta			Dewberry			Diablo			Dogwood
Rental income	$	10,170		$	8,626		$	10,073		$	-		$	6,625		$	730		$	9,838
Total revenue		10,170			8,626			10,073			-			6,625			730			9,838
Operating expenses
Depreciation		4,138			2,909			3,617			4,749			2,613			2,380			3,320
Insurance		597			572			858			1,061			788			1,186			491
Management fees		1,790			1,053			1,356			727			1,058			863			2,121
Repair and maintenance		1,497			-			150			-			-			-			1,567
Property taxes		1,024			2,728			3,539			2,171			2,964			1,541			1,320
Other operating expenses		1,774			825			1,905			14,099			919			4,475			1,309
Total operating expenses		10,819			8,088			11,425			22,808			8,342			10,445			10,128
Income (loss) from operations		(649	)		539			(1,352	)		(22,808	)		(1,717	)		(9,715	)		(290	)
Other income (expenses)
Other income		-			-			-			-			-			-			-
Other expenses		-			-			-			-			-			-			-
Interest expense		-			(2,879	)		(3,419	)		(4,435	)		(2,836	)		(4,067	)		-
Total other income (expenses)		-			(2,879	)		(3,419	)		(4,435	)		(2,836	)		(4,067	)		-
Net income (loss)		(649	)		(2,340	)		(4,771	)		(27,243	)		(4,553	)		(13,782	)		(290	)

F-71

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Dolittle			Dolly			Dops			Dorchester			Dunbar			Eagle			Eastfair
Rental income	$	12,800		$	9,059		$	4,950		$	11,707		$	2,749		$	12,120		$	10,770
Total revenue		12,800			9,059			4,950			11,707			2,749			12,120			10,770
Operating expenses
Depreciation		4,221			9,477			2,341			4,727			4,430			3,707			2,956
Insurance		2,136			1,256			1,326			897			637			852			746
Management fees		1,693			4,175			806			3,018			2,217			1,780			1,292
Repair and maintenance		185			1,273			1,950			3,906			2,285			-			-
Property taxes		4,592			1,298			1,128			3,442			535			1,061			1,601
Other operating expenses		1,505			4,920			2,742			2,172			5,872			1,108			1,280
Total operating expenses		14,333			22,400			10,292			18,162			15,976			8,508			7,875
Income (loss) from operations		(1,533	)		(13,341	)		(5,342	)		(6,455	)		(13,228	)		3,612			2,895
Other income (expenses)
Other income		-			-			-			-			15			-			-
Other expenses		-			-			-			-			-			-			-
Interest expense		(4,060	)		-			-			-			-			(4,529	)		(3,506	)
Total other income (expenses)		(4,060	)		-			-			-			15			(4,529	)		(3,506	)
Net income (loss)		(5,593	)		(13,341	)		(5,342	)		(6,455	)		(13,213	)		(917	)		(611	)

F-72

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Elevation			Ella			Ellen			Elm			Emporia			Ensenada			Falcon
Rental income	$	15		$	5,617		$	-		$	7,311		$	6,121		$	19,770		$	14,159
Total revenue		15			5,617			-			7,311			6,121			19,770			14,159
Operating expenses
Depreciation		3,657			2,391			-			2,300			4,918			6,666			3,723
Insurance		1,193			151			-			1,274			1,511			2,739			950
Management fees		629			969			-			996			1,397			2,812			1,943
Repair and maintenance		-			4,541			-			525			59			75			109
Property taxes		3,668			2,572			-			2,598			3,550			2,130			1,388
Other operating expenses		2,892			5,946			557			1,193			1,927			1,825			1,108
Total operating expenses		12,039			16,570			557			8,886			13,363			16,247			9,220
Income (loss) from operations		(12,024	)		(10,953	)		(557	)		(1,575	)		(7,242	)		3,523			4,938
Other income (expenses)
Other income		-			25			-			-			-			-			-
Other expenses		-			-			-			-			-			-			-
Interest expense		(4,240	)		(4,049	)		-			(1,887	)		(4,790	)		(7,656	)		(4,529	)
Total other income (expenses)		(4,240	)		(4,024	)		-			(1,887	)		(4,790	)		(7,656	)		(4,529	)
Net income (loss)		(16,264	)		(14,977	)		(557	)		(3,462	)		(12,032	)		(4,133	)		409

F-73

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Felix			Fenwick			Folly			Forest			Foster			Franklin			Gardens
Rental income	$	-		$	698		$	12,569		$	10,841		$	-		$	-		$	9,100
Total revenue		-			698			12,569			10,841			-			-			9,100
Operating expenses
Depreciation		-			-			5,126			4,823			-			-			3,031
Insurance		67			-			774			1,906			184			105			427
Management fees		-			70			2,890			1,728			-			-			1,310
Repair and maintenance		-			421			9,960			150			-			-			-
Property taxes		-			275			2,606			3,351			287			-			414
Other operating expenses		774			2,237			3,144			1,599			803			1,266			990
Total operating expenses		841			3,003			24,502			13,558			1,275			1,371			6,173
Income (loss) from operations		(841	)		(2,304	)		(11,933	)		(2,717	)		(1,275	)		(1,371	)		2,927
Other income (expenses)
Other income		-			-			-			-			-			-			-
Other expenses		-			-			-			-			-			-			-
Interest expense		-			-			-			(5,302	)		-			-			(3,271	)
Total other income (expenses)		-			-			-			(5,302	)		-			-			(3,271	)
Net income (loss)		(841	)		(2,304	)		(11,933	)		(8,018	)		(1,275	)		(1,371	)		(344	)

F-74

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	General			Goose			Grant			Greenhill			Gretal			Grove			Hadden
Rental income	$	-		$	11,850		$	14,392		$	14,970		$	3,940		$	10,224		$	9,920
Total revenue		-			11,850			14,392			14,970			3,940			10,224			9,920
Operating expenses
Depreciation		-			3,455			4,451			4,444			6,213			4,401			2,981
Insurance		93			530			724			1,192			808			554			432
Management fees		-			1,703			1,967			1,900			1,665			1,243			1,348
Repair and maintenance		-			147			1,125			-			751			-			-
Property taxes		-			1,046			1,998			4,584			1,175			710			311
Other operating expenses		687			1,008			1,690			1,271			5,255			990			947
Total operating expenses		780			7,888			11,955			13,391			15,867			7,899			6,019
Income (loss) from operations		(780	)		3,962			2,437			1,579			(11,927	)		2,325			3,901
Other income (expenses)
Other income		-			-			-			-			25			-			-
Other expenses		-			-			-			-			-			-			-
Interest expense		-			(4,220	)		(5,063	)		(4,454	)		-			(3,773	)		(2,811	)
Total other income (expenses)		-			(4,220	)		(5,063	)		(4,454	)		25			(3,773	)		(2,811	)
Net income (loss)		(780	)		(258	)		(2,626	)		(2,876	)		(11,902	)		(1,448	)		1,090

F-75

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Hansard			Hansel			Harrison			Henry			Heritage			Heron			Highland
Rental income	$	10,293		$	8,312		$	16,673		$	11,792		$	11,835		$	12,654		$	10,738
Total revenue		10,293			8,312			16,673			11,792			11,835			12,654			10,738
Operating expenses
Depreciation		3,475			5,564			6,278			5,912			4,506			4,474			3,942
Insurance		700			1,247			812			850			589			1,073			556
Management fees		1,429			1,877			2,784			3,003			1,702			1,684			1,678
Repair and maintenance		3,983			494			758			1,704			662			350			-
Property taxes		1,666			1,892			1,061			(564	)		1,727			1,180			2,860
Other operating expenses		3,868			5,436			2,620			3,500			1,232			885			1,185
Total operating expenses		15,121			16,509			14,313			14,406			10,419			9,646			10,222
Income (loss) from operations		(4,828	)		(8,197	)		2,360			(2,614	)		1,416			3,008			517
Other income (expenses)
Other income		-			-			-			-			-			-			-
Other expenses		-			-			-			-			-			-			-
Interest expense		-			(6,771	)		(7,619	)		-			(4,859	)		(7,195	)		-
Total other income (expenses)		-			(6,771	)		(7,619	)		-			(4,859	)		(7,195	)		-
Net income (loss)		(4,828	)		(14,967	)		(5,258	)		(2,614	)		(3,443	)		(4,187	)		517

F-76

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Hines			Holcomb			Holland			Hollandaise			Holloway			Inglewood			Jack
Rental income	$	9,745		$	10,770		$	8,385		$	12,445		$	14,580		$	15,210		$	15,320
Total revenue		9,745			10,770			8,385			12,445			14,580			15,210			15,320
Operating expenses
Depreciation		3,510			4,880			2,909			5,028			4,672			9,377			6,377
Insurance		480			675			432			1,108			704			1,167			1,689
Management fees		2,332			2,909			1,188			1,889			1,906			3,254			2,384
Repair and maintenance		400			1,770			220			-			300			323			1,250
Property taxes		482			(757	)		2,783			2,609			4,390			971			3,191
Other operating expenses		2,736			1,351			1,335			2,459			1,200			4,461			3,750
Total operating expenses		9,940			10,828			8,867			13,093			13,171			19,554			18,640
Income (loss) from operations		(195	)		(58	)		(482	)		(648	)		1,409			(4,343	)		(3,320	)
Other income (expenses)
Other income		15			-			-			-			-			35			-
Other expenses		-			-			-			-			-			-			-
Interest expense		-			-			(2,879	)		(4,303	)		(5,160	)		(493	)		(6,384	)
Total other income (expenses)		15			-			(2,879	)		(4,303	)		(5,160	)		(458	)		(6,384	)
Net income (loss)		(180	)		(58	)		(3,361	)		(4,951	)		(3,751	)		(4,801	)		(9,704	)

F-77

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Jake			Jefferson			Jill			Johnny			June			Jupiter			Kawana
Rental income	$	16,475		$	5,005		$	11,560		$	18,924		$	19,945		$	9,020		$	10,498
Total revenue		16,475			5,005			11,560			18,924			19,945			9,020			10,498
Operating expenses
Depreciation		8,093			3,148			5,461			8,049			8,049			2,906			3,786
Insurance		1,125			543			702			1,069			1,050			1,050			600
Management fees		4,770			948			2,203			4,923			5,005			1,248			1,562
Repair and maintenance		1,324			3,001			494			400			-			75			-
Property taxes		594			1,575			1,569			640			1,041			2,863			611
Other operating expenses		2,474			2,906			2,456			2,312			2,239			1,325			1,105
Total operating expenses		18,379			12,121			12,885			17,393			17,384			9,468			7,663
Income (loss) from operations		(1,904	)		(7,116	)		(1,324	)		1,531			2,561			(448	)		2,835
Other income (expenses)
Other income		-			-			25			-			-			-			-
Other expenses		-			-			-			-			-			-			-
Interest expense		-			-			(6,669	)		(15,288	)		(15,288	)		(3,262	)		(3,766	)
Total other income (expenses)		-			-			(6,644	)		(15,288	)		(15,288	)		(3,262	)		(3,766	)
Net income (loss)		(1,904	)		(7,116	)		(7,968	)		(13,757	)		(12,727	)		(3,709	)		(931	)

F-78

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Kennesaw			Kenny			KerriAnn			Kessler			Kingsley			Kirkwood			Korin
Rental income	$	14,970		$	15,275		$	14,528		$	9,570		$	14,478		$	9,570		$	10,104
Total revenue		14,970			15,275			14,528			9,570			14,478			9,570			10,104
Operating expenses
Depreciation		5,836			9,477			4,686			4,111			4,290			3,592			3,823
Insurance		789			1,068			660			486			561			511			544
Management fees		3,639			4,672			1,793			1,607			1,792			1,526			1,366
Repair and maintenance		497			784			328			1,792			-			-			3,396
Property taxes		(346	)		1,462			3,118			504			6,267			839			1,733
Other operating expenses		2,389			3,707			1,545			1,912			1,193			2,285			3,020
Total operating expenses		12,804			21,170			12,130			10,411			14,103			8,753			13,882
Income (loss) from operations		2,166			(5,895	)		2,398			(841	)		375			817			(3,779	)
Other income (expenses)
Other income		-			-			-			-			-			-			-
Other expenses		-			-			-			-			-			-			-
Interest expense		-			-			(4,655	)		(6,385	)		(5,020	)		(4,358	)		-
Total other income (expenses)		-			-			(4,655	)		(6,385	)		(5,020	)		(4,358	)		-
Net income (loss)		2,166			(5,895	)		(2,257	)		(7,226	)		(4,645	)		(3,541	)		(3,779	)

F-79

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Lallie			Lanier			Lannister			Latte		Lennox			Lierly			Lily
Rental income	$	15,040		$	13,622		$	9,799		$	13,385	$	10,170		$	9,333		$	15,410
Total revenue		15,040			13,622			9,799			13,385		10,170			9,333			15,410
Operating expenses
Depreciation		5,115			5,194			3,027			5,011		2,978			2,932			7,493
Insurance		954			735			388			736		358			521			1,134
Management fees		2,052			1,942			1,301			3,158		1,343			1,219			2,452
Repair and maintenance		-			-			1,550			-		225			570			667
Property taxes		14,351			2,438			678			2,007		4,299			(1,031	)		1,199
Other operating expenses		1,206			1,005			990			1,035		1,288			1,525			1,795
Total operating expenses		23,678			11,314			7,933			11,948		10,491			5,736			14,739
Income (loss) from operations		(8,638	)		2,308			1,866			1,437		(321	)		3,597			671
Other income (expenses)
Other income		-			-			-			-		-			-			-
Other expenses		-			-			-			-		-			-			-
Interest expense		(5,614	)		(6,313	)		(3,588	)		-		(3,267	)		(2,645	)		(6,087	)
Total other income (expenses)		(5,614	)		(6,313	)		(3,588	)		-		(3,267	)		(2,645	)		(6,087	)
Net income (loss)		(14,252	)		(4,005	)		(1,723	)		1,437		(3,589	)		952			(5,416	)

F-80

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Limestone			Litton			Longwoods			Lookout		Loretta			Louis			Louise
Rental income	$	11,529		$	11,078		$	-		$	13,602	$	17,658		$	-		$	9,876
Total revenue		11,529			11,078			-			13,602		17,658			-			9,876
Operating expenses
Depreciation		4,023			4,413			-			4,741		9,445			-			3,789
Insurance		635			613			266			596		1,180			-			563
Management fees		1,615			1,916			-			3,154		3,468			-			1,579
Repair and maintenance		-			1,682			-			1,282		2,263			500			-
Property taxes		3,752			848			248			447		2,428			248			1,202
Other operating expenses		1,163			3,885			1,033			3,288		4,440			1,270			990
Total operating expenses		11,187			13,358			1,546			13,509		23,224			2,018			8,123
Income (loss) from operations		342			(2,280	)		(1,546	)		93		(5,566	)		(2,018	)		1,753
Other income (expenses)
Other income		-			81			-			-		15			-			-
Other expenses		-			-			-			-		-			-			-
Interest expense		(4,533	)		(5,226	)		-			-		-			-			(4,017	)
Total other income (expenses)		(4,533	)		(5,145	)		-			-		15			-			(4,017	)
Net income (loss)		(4,191	)		(7,425	)		(1,546	)		93		(5,551	)		(2,018	)		(2,264	)

F-81

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Lovejoy			Luna			Lurleen			Madison			Mae			Magnolia			Malbec
Rental income	$	9,975		$	10,500		$	8,528		$	1,899		$	10,765		$	9,675		$	8,930
Total revenue		9,975			10,500			8,528			1,899			10,765			9,675			8,930
Operating expenses
Depreciation		4,096			2,956			4,240			2,828			4,864			4,154			4,388
Insurance		574			444			523			440			728			742			1,040
Management fees		1,561			1,294			1,232			885			1,922			1,451			1,458
Repair and maintenance		1,150			-			575			4,405			-			-			-
Property taxes		3,270			2,988			1,210			1,199			3,006			2,302			3,353
Other operating expenses		1,070			1,064			2,730			1,635			818			(819	)		1,645
Total operating expenses		11,720			8,746			10,511			11,392			11,338			7,830			11,884
Income (loss) from operations		(1,745	)		1,754			(1,984	)		(9,493	)		(574	)		1,845			(2,954	)
Other income (expenses)
Other income		-			-			-			-			-			-			-
Other expenses		-			-			-			-			-			-			-
Interest expense		(2,854	)		(3,506	)		(4,159	)		(4,038	)		-			(4,993	)		(4,891	)
Total other income (expenses)		(2,854	)		(3,506	)		(4,159	)		(4,038	)		-			(4,993	)		(4,891	)
Net income (loss)		(4,599	)		(1,752	)		(6,142	)		(13,531	)		(574	)		(3,148	)		(7,844	)

F-82

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Mammoth			Marcelo			Marie			Marietta			Marion			Marple			Martell
Rental income	$	16,985		$	8,040		$	9,395		$	9,475		$	-		$	-		$	-
Total revenue		16,985			8,040			9,395			9,475			-			-			-
Operating expenses
Depreciation		4,686			3,911			3,664			4,131			-			-			-
Insurance		687			733			632			589			-			125			365
Management fees		2,103			1,568			911			1,671			-			88			130
Repair and maintenance		1,125			1,633			3,137			750			-			-			3,883
Property taxes		2,953			1,564			1,752			244			234			161			238
Other operating expenses		1,005			2,884			4,439			1,533			1,515			3,583			4,578
Total operating expenses		12,559			12,293			14,535			8,918			1,749			3,957			9,195
Income (loss) from operations		4,426			(4,254	)		(5,140	)		557			(1,749	)		(3,957	)		(9,195	)
Other income (expenses)
Other income		-			-			-			-			-			-			-
Other expenses		-			-			-			-			-			-			-
Interest expense		(5,695	)		-			-			(5,039	)		-			-			-
Total other income (expenses)		(5,695	)		-			-			(5,039	)		-			-			-
Net income (loss)		(1,268	)		(4,254	)		(5,140	)		(4,482	)		(1,749	)		(3,957	)		(9,195	)

F-83

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Mary			Matchingham			McGregor		McLovin			Meadow			Mimosa			Mojave
Rental income	$	-		$	11,392		$	11,370	$	18,320		$	9,200		$	9,893		$	9,664
Total revenue		-			11,392			11,370		18,320			9,200			9,893			9,664
Operating expenses
Depreciation		-			2,913			4,132		6,219			4,410			2,956			3,525
Insurance		-			437			609		2,214			2,600			527			408
Management fees		-			1,388			2,748		2,636			1,512			1,436			1,353
Repair and maintenance		2,412			-			700		968			-			250			185
Property taxes		249			5,133			458		7,052			2,225			1,182			1,436
Other operating expenses		1,959			1,161			2,021		1,357			1,473			1,178			995
Total operating expenses		4,619			11,031			10,668		20,446			12,220			7,530			7,902
Income (loss) from operations		(4,619	)		362			702		(2,126	)		(3,020	)		2,363			1,762
Other income (expenses)
Other income		-			-			-		5			-			10			-
Other expenses		-			-			-		-			-			-			-
Interest expense		-			(2,867	)		-		(7,179	)		(4,203	)		(3,964	)		(3,731	)
Total other income (expenses)		-			(2,867	)		-		(7,174	)		(4,203	)		(3,954	)		(3,731	)
Net income (loss)		(4,619	)		(2,505	)		702		(9,300	)		(7,224	)		(1,591	)		(1,969	)

F-84

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Murphy			Mycroft			Nugget			Odessa			Olive			Oly			Onyx
Rental income	$	13,770		$	-		$	17,120		$	13,975		$	11,924		$	11,515		$	-
Total revenue		13,770			-			17,120			13,975			11,924			11,515			-
Operating expenses
Depreciation		4,085			-			7,694			7,332			3,689			6,265			-
Insurance		1,804			133			1,060			2,554			2,206			1,412			-
Management fees		1,755			90			4,635			2,220			1,641			2,087			-
Repair and maintenance		-			-			-			4,842			2,100			-			-
Property taxes		4,762			165			(4,830	)		1,016			4,259			3,841			298
Other operating expenses		1,190			3,498			2,850			3,581			1,037			1,270			1,112
Total operating expenses		13,595			3,886			11,409			21,546			14,932			14,875			1,410
Income (loss) from operations		175			(3,886	)		5,711			(7,571	)		(3,008	)		(3,360	)		(1,410	)
Other income (expenses)
Other income		-			-			10			-			-			45			-
Other expenses		-			-			-			-			-			-			-
Interest expense		(4,054	)		-			-			(7,315	)		(2,950	)		(7,192	)		-
Total other income (expenses)		(4,054	)		-			10			(7,315	)		(2,950	)		(7,147	)		-
Net income (loss)		(3,879	)		(3,886	)		5,721			(14,886	)		(5,958	)		(10,507	)		(1,410	)

F-85

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Oscar			Osceola			Osprey			Otoro			Palmer			Patrick			Peanut
Rental income	$	-		$	-		$	13,770		$	-		$	-		$	9,600		$	4,605
Total revenue		-			-			13,770			-			-			9,600			4,605
Operating expenses
Depreciation		-			-			5,490			5,243			-			3,096			2,964
Insurance		63			-			886			2,415			102			461			1,217
Management fees		-			-			3,125			1,021			-			1,333			1,014
Repair and maintenance		-			6,462			-			2,079			170			-			500
Property taxes		-			257			4,643			4,335			-			(1,649	)		478
Other operating expenses		663			885			1,113			10,663			1,055			895			1,040
Total operating expenses		725			7,603			15,256			25,757			1,327			4,138			7,213
Income (loss) from operations		(725	)		(7,603	)		(1,486	)		(25,757	)		(1,327	)		5,462			(2,608	)
Other income (expenses)
Other income		-			-			-			-			-			-			-
Other expenses		-			-			-			-			-			-			-
Interest expense		-			-			-			(5,363	)		-			(2,139	)		(4,911	)
Total other income (expenses)		-			-			-			(5,363	)		-			(2,139	)		(4,911	)
Net income (loss)		(725	)		(7,603	)		(1,486	)		(31,120	)		(1,327	)		3,323			(7,519	)

F-86

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Pearl			Pecan			Piedmont			Pinot			Pioneer			Plumtree			Point
Rental income	$	6,780		$	6,474		$	13,770		$	13,860		$	18,442		$	11,479		$	15,192
Total revenue		6,780			6,474			13,770			13,860			18,442			11,479			15,192
Operating expenses
Depreciation		7,498			2,863			5,255			4,429			7,845			2,768			5,250
Insurance		946			473			1,836			1,207			1,086			468			1,553
Management fees		3,741			1,167			2,327			1,805			4,425			1,398			2,136
Repair and maintenance		-			-			-			147			246			650			460
Property taxes		1,120			(1,593	)		2,948			2,041			(1,175	)		(1,733	)		1,536
Other operating expenses		4,679			1,191			2,457			1,649			2,963			895			3,416
Total operating expenses		17,985			4,100			14,823			11,279			15,389			4,447			14,350
Income (loss) from operations		(11,205	)		2,373			(1,053	)		2,581			3,054			7,032			842
Other income (expenses)
Other income		10			-			-			-			-			-			-
Other expenses		-			-			-			-			-			-			-
Interest expense		-			(2,228	)		(6,377	)		(4,945	)		-			(2,243	)		(6,405	)
Total other income (expenses)		10			(2,228	)		(6,377	)		(4,945	)		-			(2,243	)		(6,405	)
Net income (loss)		(11,195	)		145			(7,429	)		(2,363	)		3,054			4,789			(5,563	)

F-87

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Porthos			Quincy			Redondo			Regency			Reginald			Reynolds			Ribbonwalk
Rental income	$	-		$	12,014		$	12,746		$	12,094		$	16,216		$	14,970		$	6,110
Total revenue		-			12,014			12,746			12,094			16,216			14,970			6,110
Operating expenses
Depreciation		-			7,515			4,309			3,161			6,826			5,905			4,395
Insurance		860			1,098			679			634			858			799			671
Management fees		-			2,611			1,965			1,518			2,672			3,661			1,334
Repair and maintenance		235			4,622			9,099			915			749			-			375
Property taxes		-			(885	)		1,934			1,512			(1,119	)		(540	)		2,099
Other operating expenses		807			3,783			3,545			2,982			3,754			926			2,032
Total operating expenses		1,902			18,742			21,530			10,722			13,741			10,751			10,906
Income (loss) from operations		(1,902	)		(6,728	)		(8,784	)		1,372			2,474			4,219			(4,796	)
Other income (expenses)
Other income		-			-			-			-			-			-			-
Other expenses		-			-			-			-			-			-			-
Interest expense		-			(4,225	)		(5,742	)		(5,150	)		(493	)		-			(4,380	)
Total other income (expenses)		-			(4,225	)		(5,742	)		(5,150	)		(493	)		-			(4,380	)
Net income (loss)		(1,902	)		(10,953	)		(14,526	)		(3,778	)		1,981			4,219			(9,177	)

F-88

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Richardson			Ridge			Ritter			River			Riverwalk			Rooney			Roseberry
Rental income	$	8,400		$	10,769		$	8,098		$	12,245		$	11,975		$	12,570		$	11,965
Total revenue		8,400			10,769			8,098			12,245			11,975			12,570			11,965
Operating expenses
Depreciation		4,325			2,992			6,932			3,662			5,427			4,422			4,513
Insurance		580			942			1,169			883			973			1,300			1,093
Management fees		1,687			1,388			3,552			1,618			3,314			1,858			1,850
Repair and maintenance		919			-			10,399			-			736			-			-
Property taxes		1,133			4,260			(725	)		2,452			703			2,381			(3,037	)
Other operating expenses		1,591			1,591			4,594			1,170			2,352			2,706			1,177
Total operating expenses		10,235			11,173			25,920			9,785			13,505			12,667			5,596
Income (loss) from operations		(1,835	)		(404	)		(17,823	)		2,460			(1,530	)		(97	)		6,369
Other income (expenses)
Other income		-			-			-			-			-			-			-
Other expenses		-			-			-			-			-			-			-
Interest expense		-			(3,680	)		-			(4,017	)		-			(5,591	)		(4,924	)
Total other income (expenses)		-			(3,680	)		-			(4,017	)		-			(5,591	)		(4,924	)
Net income (loss)		(1,835	)		(4,084	)		(17,823	)		(1,558	)		(1,530	)		(5,688	)		1,445

F-89

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Rosewood			Roxy			Saddlebred			Saint			Sajni			Salem			Salinas
Rental income	$	9,971		$	11,970		$	11,975		$	10,325		$	8,454		$	11,130		$	6,941
Total revenue		9,971			11,970			11,975			10,325			8,454			11,130			6,941
Operating expenses
Depreciation		3,719			4,479			7,639			3,771			3,457			4,387			2,093
Insurance		2,306			2,639			3,635			1,331			1,200			1,362			529
Management fees		1,525			1,746			2,020			1,636			1,276			1,602			1,015
Repair and maintenance		-			465			1,148			-			6,123			160			10,745
Property taxes		737			1,018			1,940			1,623			1,650			1,794			1,265
Other operating expenses		1,110			2,290			1,261			1,032			7,618			1,656			8,285
Total operating expenses		9,397			12,637			17,643			9,393			21,324			10,961			23,933
Income (loss) from operations		574			(667	)		(5,668	)		932			(12,870	)		169			(16,992	)
Other income (expenses)
Other income		-			25			-			-			-			-			-
Other expenses		-			-			-			-			-			-			-
Interest expense		(4,525	)		(5,277	)		(6,496	)		(4,146	)		-			(4,983	)		-
Total other income (expenses)		(4,525	)		(5,252	)		(6,496	)		(4,146	)		-			(4,983	)		-
Net income (loss)		(3,951	)		(5,919	)		(12,164	)		(3,214	)		(12,870	)		(4,814	)		(16,992	)

F-90

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Saturn			Scepter			Sequoyah			Shallowford			Shoreline			Sigma			Simon
Rental income	$	7,820		$	10,075		$	5,848		$	13,501		$	16,965		$	13,815		$	-
Total revenue		7,820			10,075			5,848			13,501			16,965			13,815			-
Operating expenses
Depreciation		2,984			3,238			3,401			4,970			4,260			5,327			-
Insurance		1,292			1,303			502			1,377			1,382			1,189			94
Management fees		1,152			1,395			1,212			2,236			1,982			1,925			-
Repair and maintenance		-			2,309			6,647			1,075			-			-			2,527
Property taxes		2,685			1,911			1,437			5,925			4,266			4,210			-
Other operating expenses		1,335			3,897			3,587			2,378			1,286			1,575			1,986
Total operating expenses		9,449			14,053			16,786			17,961			13,176			14,226			4,607
Income (loss) from operations		(1,629	)		(3,978	)		(10,938	)		(4,460	)		3,789			(411	)		(4,607	)
Other income (expenses)
Other income		-			-			20			8			-			-			-
Other expenses		-			-			-			-			-			-			-
Interest expense		(3,262	)		(3,698	)		(4,050	)		(5,996	)		(4,948	)		(5,268	)		-
Total other income (expenses)		(3,262	)		(3,698	)		(4,030	)		(5,988	)		(4,948	)		(5,268	)		-
Net income (loss)		(4,891	)		(7,676	)		(14,968	)		(10,448	)		(1,159	)		(5,679	)		(4,607	)

F-91

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Sims			Soapstone			Sodalis			Spencer			Splash			Spring		Stonebriar
Rental income	$	-		$	9,900		$	8,368		$	11,615		$	8,125		$	10,170	$	6,975
Total revenue		-			9,900			8,368			11,615			8,125			10,170		6,975
Operating expenses
Depreciation		-			3,000			3,980			4,157			2,978			3,401		2,787
Insurance		-			545			596			1,550			437			505		898
Management fees		136			1,292			2,119			1,623			1,210			1,558		1,103
Repair and maintenance		235			189			1,340			282			462			-		2,823
Property taxes		250			(1,273	)		(715	)		3,068			(276	)		2,084		1,520
Other operating expenses		4,239			945			3,088			1,034			1,174			1,053		1,379
Total operating expenses		4,861			4,699			10,408			11,714			5,984			8,602		10,510
Income (loss) from operations		(4,861	)		5,201			(2,040	)		(99	)		2,141			1,568		(3,535	)
Other income (expenses)
Other income		-			-			-			-			-			-		-
Other expenses		-			-			-			-			-			-		-
Interest expense		-			(2,561	)		-			(4,554	)		(2,366	)		-		(3,221	)
Total other income (expenses)		-			(2,561	)		-			(4,554	)		(2,366	)		-		(3,221	)
Net income (loss)		(4,861	)		2,640			(2,040	)		(4,653	)		(225	)		1,568		(6,756	)

F-92

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Sugar			Summerset			Sundance			Sunnyside		Swift		Taylor			Terracotta
Rental income	$	10,770		$	10,880		$	10,239		$	12,303	$	13,770	$	6,637		$	9,510
Total revenue		10,770			10,880			10,239			12,303		13,770		6,637			9,510
Operating expenses
Depreciation		4,279			3,505			5,104			2,533		5,287		3,680			3,787
Insurance		1,532			2,117			624			613		697		647			1,451
Management fees		1,597			1,543			1,834			1,436		3,080		1,179			1,530
Repair and maintenance		-			-			4,545			1,001		239		-			635
Property taxes		2,347			428			1,207			1,242		-		544			1,653
Other operating expenses		1,197			1,067			3,342			2,715		1,437		1,076			4,213
Total operating expenses		10,952			8,660			16,657			9,539		10,739		7,126			13,268
Income (loss) from operations		(182	)		2,220			(6,418	)		2,764		3,031		(489	)		(3,758	)
Other income (expenses)
Other income		-			-			-			-		-		-			-
Other expenses		-			-			-			-		-		-			-
Interest expense		(5,354	)		(3,873	)		(5,742	)		-		-		(3,095	)		(4,353	)
Total other income (expenses)		(5,354	)		(3,873	)		(5,742	)		-		-		(3,095	)		(4,353	)
Net income (loss)		(5,536	)		(1,653	)		(12,160	)		2,764		3,031		(3,584	)		(8,112	)

F-93

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Theodore			Tulip			Tuscan			Tuscarora			Tuxford			Vernon			Walton
Rental income	$	-		$	(73	)	$	11,600		$	7,260		$	11,370		$	11,370		$	5,492
Total revenue		-			(73	)		11,600			7,260			11,370			11,370			5,492
Operating expenses
Depreciation		-			4,363			4,439			3,826			3,601			6,031			4,123
Insurance		94			1,830			607			726			694			1,117			600
Management fees		-			832			1,792			1,253			1,597			1,491			2,175
Repair and maintenance		-			-			-			3,790			850			-			4,184
Property taxes		-			1,320			(1,682	)		1,848			5,626			4,062			2,250
Other operating expenses		1,734			2,136			1,649			5,461			1,081			1,106			7,139
Total operating expenses		1,828			10,481			6,804			16,904			13,449			13,807			20,471
Income (loss) from operations		(1,828	)		(10,553	)		4,796			(9,644	)		(2,079	)		(2,437	)		(14,979	)
Other income (expenses)
Other income		-			-			-			-			-			-			-
Other expenses		-			-			-			-			-			-			-
Interest expense		-			(5,310	)		(3,503	)		-			(3,493	)		(3,558	)		(10,173	)
Total other income (expenses)		-			(5,310	)		(3,503	)		-			(3,493	)		(3,558	)		(10,173	)
Net income (loss)		(1,828	)		(15,864	)		1,294			(9,644	)		(5,573	)		(5,996	)		(25,152	)

F-94

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Wave			Weldon			Wellington			Wentworth			Wescott			Westchester			Wildwood
Rental income	$	-		$	8,670		$	14,370		$	8,389		$	10,770		$	15,845		$	13,047
Total revenue		-			8,670			14,370			8,389			10,770			15,845			13,047
Operating expenses
Depreciation		4,569			2,906			6,139			3,417			3,765			4,687			3,031
Insurance		1,680			1,133			1,157			413			1,556			1,610			1,821
Management fees		717			1,209			2,365			2,021			1,940			2,178			1,866
Repair and maintenance		-			450			2,774			-			-			220			-
Property taxes		2,860			1,374			(419	)		1,357			2,146			7,572			(90	)
Other operating expenses		2,506			1,335			2,934			995			2,016			1,274			1,885
Total operating expenses		12,332			8,407			14,950			8,204			11,423			17,541			8,512
Income (loss) from operations		(12,332	)		263			(580	)		186			(653	)		(1,696	)		4,535
Other income (expenses)
Other income		-			-			-			-			20			-			30
Other expenses		-			-			-			-			-			-			-
Interest expense		(4,380	)		(2,674	)		-			(3,129	)		(4,145	)		(5,055	)		(3,074	)
Total other income (expenses)		(4,380	)		(2,674	)		-			(3,129	)		(4,125	)		(5,055	)		(3,044	)
Net income (loss)		(16,712	)		(2,411	)		(580	)		(2,944	)		(4,778	)		(6,751	)		1,491

F-95

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Willow			Wilson			Windsor			Winston			Wisteria			Consolidated
Rental income	$	10,520		$	13,345		$	23,750		$	7,911		$	11,000			2,182,209
Total revenue		10,520			13,345			23,750			7,911			11,000			2,182,209
Operating expenses
Depreciation		4,025			5,861			4,809			4,519			4,076			901,791
Insurance		585			764			1,179			625			1,565			200,296
Management fees		1,791			2,293			2,686			1,620			1,533			393,997
Repair and maintenance		1,130			1,204			-			360			175			270,188
Property taxes		1,611			2,106			(1,614	)		1,809			(1,229	)		367,457
Other operating expenses		1,479			1,631			1,608			1,619			1,587			491,513
Total operating expenses		10,620			13,860			8,668			10,553			7,706			2,625,243
Income (loss) from operations		(100	)		(515	)		15,082			(2,641	)		3,294			(443,034	)
Other income (expenses)
Other income		-			-			-			-			-			500
Other expenses		-			-			-			-			-			(31,381	)
Interest expense		-			-			(5,311	)		-			(4,966	)		(628,272	)
Total other income (expenses)		-			-			(5,311	)		-			(4,966	)		(659,153	)
Net income (loss)		(100	)		(515	)		9,771			(2,641	)		(1,672	)		(1,102,187	)

F-96

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Apollo			Avebury			Chelsea			Clover			Dogwood			Gardens			Grove			Kawana			Lannister			Latte
Rental income	$	-		$	2,095		$	2,195		$	-		$	-		$	1,495		$	-		$	-		$	-		$	-
Operating expenses:
Depreciation		-			1,998			2,117			-			-			1,010			1,034			1,893			610			-
Insurance		-			389			419			-			-			201			276			380			-			-
Management fees		76			493			344			-			-			288			175			423			80			347
Repair and maintenance		11			790			242			-			-			1,060			-			737			6,250			-
Property taxes		189			458			1,074			-			-			89			291			196			64			42
Other operating expenses		906			2,511			1,310			1,070			820			1,299			1,098			1,121			815			1,145
Total operating expenses		1,182			6,639			5,506			1,070			820			3,947			2,874			4,750			7,819			1,534
Income (loss) from operations		(1,182	)		(4,544	)		(3,311	)		(1,070	)		(820	)		(2,452	)		(2,874	)		(4,750	)		(7,819	)		(1,534	)
Other income (expense), net
Interest expense		(1,046	)		(2,800	)		(2,972	)		-			-			(1,816	)		(1,970	)		(2,884	)		(873	)		-
Total other income (expense), net		(1,046	)		(2,800	)		(2,972	)		-			-			(1,816	)		(1,970	)		(2,884	)		(873	)		-
Provision for income taxes
Net income (loss)	$	(2,228	)	$	(7,344	)	$	(6,283	)	$	(1,070	)	$	(820	)	$	(4,268	)	$	(4,844	)	$	(7,634	)	$	(8,692	)	$	(1,534	)

F-97

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Louise			Madison			Peanut			Rosewood			Stonebriar			Tulip			Wisteria			Chaparral			Cupcake			Lierly
Rental income	$	4,390		$	-		$	3,390		$	-		$	-		$	-		$	2,195		$	6,341		$	9,870		$	10,500
Operating expenses:
Depreciation		1,263			-			988			620			465			1,454			1,359			2,700			3,275			2,932
Insurance		280			73			215			193			148			296			312			453			492			541
Management fees		503			122			389			205			206			350			393			1,082			1,309			1,313
Repair and maintenance		-			-			-			4,437			-			-			-			161			(381	)		449
Property taxes		222			198			99			183			181			293			400			375			915			1,155
Other operating expenses		2,592			1,250			2,137			1,311			920			1,370			2,802			660			751			663
Total operating expenses		4,860			1,643			3,828			6,949			1,920			3,763			5,266			5,431			6,361			7,053
Loss from operations		(470	)		(1,643	)		(438	)		(6,949	)		(1,920	)		(3,763	)		(3,071	)		910			3,509			3,447
Other income (expense), net
Interest expense		(2,340	)		(812	)		(1,434	)		(1,907	)		(1,357	)		(2,948	)		(2,593	)		(2,235	)		(2,814	)		(2,806	)
Total other income (expense), net		(2,340	)		(812	)		(1,434	)		(1,907	)		(1,357	)		(2,948	)		(2,593	)		(2,235	)		(2,814	)		(2,806	)
Provision for income taxes
Net loss	$	(2,810	)	$	(2,455	)	$	(1,872	)	$	(8,856	)	$	(3,277	)	$	(6,711	)	$	(5,664	)	$	(1,325	)	$	695		$	641

F-98

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Malbec			Mojave			Patrick			Pecan			Pinot			Plumtree			Salem			Soapstone			Splash			Tuscan
Rental income	$	13,470		$	9,870		$	8,250		$	9,650		$	13,530		$	9,600		$	13,170		$	9,600		$	8,700		$	13,795
Operating expenses:
Depreciation		4,388			3,525			2,886			2,863			4,429			2,768			4,387			3,000			2,978			4,439
Insurance		489			492			471			483			618			489			613			568			439			613
Management fees		1,743			1,346			1,195			1,302			1,753			1,279			1,723			1,268			1,154			1,729
Repair and maintenance		145			(381	)		594			301			(40	)		591			292			130			-			-
Property taxes		290			966			913			984			290			948			290			1,202			504			1,566
Other operating expenses		1,413			728			1,663			800			1,413			662			1,413			663			663			1,413
Total operating expenses		8,468			6,676			7,722			6,733			8,463			6,737			8,718			6,831			5,738			9,760
Loss from operations		5,002			3,194			528			2,917			5,067			2,863			4,452			2,769			2,962			4,035
Other income (expense), net
Interest expense		(4,891	)		(3,013	)		(2,271	)		(2,366	)		(4,945	)		(2,379	)		(4,983	)		(2,746	)		(2,543	)		(3,765	)
Total other income (expense), net		(4,891	)		(3,013	)		(2,271	)		(2,366	)		(4,945	)		(2,379	)		(4,983	)		(2,746	)		(2,543	)		(3,765	)
Provision for income taxes
Net loss	$	111		$	181		$	(1,743	)	$	551		$	122		$	484		$	(531	)	$	23		$	419		$	270

F-99

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Walton			Wentworth			Bandelier			Diablo			Rooney			Saint			Scepter			Terracotta			Baron		Burlington
Rental income	$	-		$	9,720		$	4,319		$	965		$	-		$	11,051		$	4,787		$	3,176		$	2,500	$	3,500
Operating expenses:
Depreciation		-			3,417			4,170			3,571			4,422			2,536			3,238			1,262			-		-
Insurance		-			458			732			602			768			535			546			431			-		-
Management fees		-			1,328			1,017			856			939			733			873			422			544		620
Repair and maintenance		315			(381	)		1,115			1,319			3,026			1,105			1,172			1,060			-		-
Property taxes		-			1,000			1,638			1,436			1,046			1,121			1,070			881			-		-
Other operating expenses		802			751			2,646			2,746			3,137			1,942			2,698			2,548			820		795
Total operating expenses		1,117			6,573			11,318			10,530			13,338			7,972			9,597			6,604			1,364		1,415
Loss from operations		(1,117	)		3,147			(6,999	)		(9,565	)		(13,338	)		3,079			(4,810	)		(3,428	)		1,136		2,085
Other income (expense), net
Interest expense		(508	)		(3,129	)		(4,789	)		(4,067	)		(5,063	)		(3,912	)		(3,698	)		(3,501	)		-		-
Total other income (expense), net		(508	)		(3,129	)		(4,789	)		(4,067	)		(5,063	)		(3,912	)		(3,698	)		(3,501	)		-		-
Provision for income taxes
Net loss	$	(1,625	)	$	18		$	(11,788	)	$	(13,632	)	$	(18,401	)	$	(833	)	$	(8,508	)	$	(6,929	)	$	1,136	$	2,085

F-100

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Ensenada			Jake			Lily			McLovin			Nugget			Odessa			Oly			Pioneer			Ritter			Saddlebred
Rental income	$	12,436		$	-		$	-		$	10,805		$	-		$	5,429		$	14,175		$	-		$	1,000		$	-
Operating expenses:
Depreciation		6,666			-			6,920			6,219			-			7,332			6,267			1,307			-			7,642
Insurance		1,115			-			1,047			1,052			-			1,105			1,046			-			-			993
Management fees		1,643			553			1,452			1,531			532			1,448			1,484			546			484			1,184
Repair and maintenance		1,752			-			599			2,554			150			215			940			-			-			20,578
Property taxes		1,588			526			1,860			3,253			-			2,300			2,250			-			354			1,514
Other operating expenses		2,511			820			3,149			2,438			802			3,059			2,043			1,270			770			4,889
Total operating expenses		15,275			1,899			15,027			17,047			1,484			15,459			14,030			3,123			1,608			36,800
Loss from operations		(2,839	)		(1,899	)		(15,027	)		(6,242	)		(1,484	)		(10,030	)		145			(3,123	)		(608	)		(36,800	)
Other income (expense), net
Interest expense		(7,656	)		-			(6,087	)		(7,179	)		-			(7,315	)		(7,192	)		-			-			(6,496	)
Total other income (expense), net		(7,656	)		-			(6,087	)		(7,179	)		-			(7,315	)		(7,192	)		-			-			(6,496	)
Provision for income taxes
Net loss	$	(10,495	)	$	(1,899	)	$	(21,114	)	$	(13,421	)	$	(1,484	)	$	(17,345	)	$	(7,047	)	$	(3,123	)	$	(608	)	$	(43,296	)

F-101

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Delta			Emporia			Grant			Heritage			Holcomb			Kennesaw			Lanier			Lovejoy			Magnolia			Mammoth
Rental income	$	12,633		$	7,477		$	10,067		$	739		$	-		$	-		$	5,190		$	2,527		$	903		$	2,995
Operating expenses:
Depreciation		3,099			3,188			4,451			667			-			973			866			2,005			575			1,562
Insurance		576			596			745			205			-			-			262			400			172			359
Management fees		1,000			923			1,757			318			371			403			635			768			245			416
Repair and maintenance		8,938			801			3,848			1,074			450			-			2,344			-			982			782
Property taxes		992			1,582			1,785			418			546			-			457			1,182			328			254
Other operating expenses		4,783			3,832			3,386			1,546			804			770			2,754			3,624			909			2,878
Total operating expenses		19,388			10,922			15,972			4,228			2,171			2,146			7,318			7,979			3,211			6,251
Loss from operations		(6,755	)		(3,445	)		(5,905	)		(3,489	)		(2,171	)		(2,146	)		(2,128	)		(5,452	)		(2,308	)		(3,256	)
Other income (expense), net
Interest expense		(3,891	)		(4,124	)		(5,062	)		(2,129	)		-			-			(2,940	)		(3,786	)		(1,801	)		(2,910	)
Total other income (expense), net		(3,891	)		(4,124	)		(5,062	)		(2,129	)		-			-			(2,940	)		(3,786	)		(1,801	)		(2,910	)
Provision for income taxes
Net loss	$	(10,646	)	$	(7,569	)	$	(10,967	)	$	(5,618	)	$	(2,171	)	$	(2,146	)	$	(5,068	)	$	(9,238	)	$	(4,109	)	$	(6,166	)

F-102

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Otoro			Reynolds			Swift			Wave			Amber			Centennial			Collinston			Davidson			Holland			Jupiter
Rental income	$	5,590		$	-		$	842		$	5,169		$	5,022		$	11,370		$	1,814		$	1,830		$	1,445		$	4,871
Operating expenses:
Depreciation		1,953			-			787			2,307			4,208			3,918			2,906			2,909			2,909			2,906
Insurance		402			-			243			453			638			428			362			460			460			460
Management fees		653			409			380			653			1,203			1,501			823			786			717			1,003
Repair and maintenance		5,459			30			1,022			-			-			1,836			4,250			3,570			7,886			6,230
Property taxes		913			-			896			662			994			1,333			41			63			54			1,101
Other operating expenses		3,582			988			1,165			3,302			3,013			985			6,085			2,475			2,887			2,330
Total operating expenses		12,962			1,427			4,493			7,377			10,056			10,001			14,467			10,263			14,913			14,030
Loss from operations		(7,372	)		(1,427	)		(3,651	)		(2,208	)		(5,034	)		1,369			(12,653	)		(8,433	)		(13,468	)		(9,159	)
Other income (expense), net
Interest expense		(3,007	)		-			-			(3,354	)		(4,174	)		(4,438	)		(2,674	)		(2,879	)		(2,879	)		(3,262	)
Total other income (expense), net		(3,007	)		-			-			(3,354	)		(4,174	)		(4,438	)		(2,674	)		(2,879	)		(2,879	)		(3,262	)
Provision for income taxes
Net loss	$	(10,379	)	$	(1,427	)	$	(3,651	)	$	(5,562	)	$	(9,208	)	$	(3,069	)	$	(15,327	)	$	(11,312	)	$	(16,347	)	$	(12,421	)

F-103

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	KerriAnn			Meadow			Ribbonwalk			Saturn			Sigma			Weldon			Badminton			Basil			Bayside			Bazzel
Rental income	$	3,458		$	4,906		$	1,995		$	2,843		$	-		$	2,444		$	11,970		$	8,970		$	12,570		$	-
Operating expenses:
Depreciation		4,686			4,410			4,395			3,200			5,327			2,906			3,505			2,777			3,525			568
Insurance		684			673			646			460			769			460			521			412			523			-
Management fees		1,206			1,338			970			840			956			773			1,504			1,196			1,723			-
Repair and maintenance		462			1,202			1,875			300			4,800			3,570			-			-			-			-
Property taxes		1,741			1,014			1,363			500			1,333			800			722			357			993			-
Other operating expenses		3,454			2,723			3,850			2,663			2,362			2,676			798			663			910			770
Total operating expenses		12,233			11,360			13,099			7,963			15,547			11,185			7,050			5,405			7,674			1,338
Loss from operations		(8,775	)		(6,454	)		(11,104	)		(5,120	)		(15,547	)		(8,741	)		4,920			3,565			4,896			(1,338	)
Other income (expense), net
Interest expense		(4,655	)		(4,203	)		(4,380	)		(3,262	)		(4,440	)		(2,674	)		(4,070	)		(3,078	)		(3,873	)		-
Total other income (expense), net		(4,655	)		(4,203	)		(4,380	)		(3,262	)		(4,440	)		(2,674	)		(4,070	)		(3,078	)		(3,873	)		-
Provision for income taxes
Net loss	$	(13,430	)	$	(10,657	)	$	(15,484	)	$	(8,382	)	$	(19,987	)	$	(11,415	)	$	850		$	487		$	1,023		$	(1,338	)

F-104

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Bedford			Butter			Coatbridge			Dawson			Dewberry			Dolittle			Dorchester			Eastfair			Elevation			Elm
Rental income	$	6,885		$	5,776		$	13,630		$	6,780		$	9,980		$	9,890		$	-		$	10,770		$	12,135		$	9,570
Operating expenses:
Depreciation		1,924			5,190			3,730			3,114			2,613			4,221			788			2,956			3,657			2,300
Insurance		386			791			414			573			436			602			-			347			537			307
Management fees		785			1,450			1,725			1,155			1,119			1,547			-			1,292			1,666			1,197
Repair and maintenance		2,179			2,815			-			65			3,771			1,658			-			-			-			181
Property taxes		675			1,301			1,070			564			412			840			-			755			2,087			142
Other operating expenses		2,927			4,527			1,152			811			8			3,142			770			870			800			663
Total operating expenses		8,876			16,074			8,091			6,282			8,359			12,010			1,558			6,220			8,747			4,790
Loss from operations		(1,991	)		(10,298	)		5,539			498			1,621			(2,120	)		(1,558	)		4,550			3,388			4,780
Other income (expense), net
Interest expense		(2,577	)		(5,130	)		(4,100	)		(3,419	)		(2,836	)		(4,060	)		-			(3,506	)		(4,017	)		(2,506	)
Total other income (expense), net		(2,577	)		(5,130	)		(4,100	)		(3,419	)		(2,836	)		(4,060	)		-			(3,506	)		(4,017	)		(2,506	)
Provision for income taxes
Net loss	$	(4,568	)	$	(15,428	)	$	1,439		$	(2,921	)	$	(1,215	)	$	(6,180	)	$	(1,558	)	$	1,044		$	(629	)	$	2,274

F-105

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Folly			Forest			Greenhill			Hadden			Heron			Holloway			Kingsley			Lallie			Lennox			Limestone
Rental income	$	-		$	14,970		$	10,960		$	1,645		$	-		$	14,970		$	13,580		$	14,970		$	10,170		$	11,575
Operating expenses:
Depreciation		713			4,823			3,006			2,036			657			4,672			4,290			5,115			2,978			4,023
Insurance		-			573			550			380			206			690			501			745			333			657
Management fees		-			2,150			1,345			408			220			1,903			1,685			2,044			1,432			1,534
Repair and maintenance		-			575			835			2,712			-			-			300			-			-			2,115
Property taxes		-			678			782			217			163			1,176			1,196			106			563			821
Other operating expenses		1,550			462			4,301			2,602			1,043			888			905			829			663			3,077
Total operating expenses		2,263			9,261			10,819			8,355			2,289			9,329			8,877			8,839			5,969			12,227
Loss from operations		(2,263	)		5,709			141			(6,710	)		(2,289	)		5,641			4,703			6,131			4,201			(652	)
Other income (expense), net
Interest expense		-			(5,302	)		(4,227	)		(2,358	)		(1,868	)		(5,160	)		(5,020	)		(5,614	)		(3,267	)		(3,690	)
Total other income (expense), net		-			(5,302	)		(4,227	)		(2,358	)		(1,868	)		(5,160	)		(5,020	)		(5,614	)		(3,267	)		(3,690	)
Provision for income taxes
Net loss	$	(2,263	)	$	407		$	(4,086	)	$	(9,068	)	$	(4,157	)	$	481		$	(317	)	$	517		$	934		$	(4,342	)

F-106

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Luna			Matchingham			Murphy			Olive			Osprey			Ridge			River			Roseberry			Shoreline			Spencer
Rental income	$	10,500		$	10,770		$	11,801		$	11,370		$	-		$	10,170		$	11,970		$	13,770		$	13,770		$	13,170
Operating expenses:
Depreciation		2,956			2,913			4,085			3,184			-			2,992			3,662			4,513			4,260			4,157
Insurance		440			446			617			357			-			442			539			504			630			609
Management fees		1,292			1,417			1,634			1,695			336			1,697			1,702			1,702			1,724			1,747
Repair and maintenance		185			800			1,483			233			-			-			137			-			933			710
Property taxes		704			873			840			466			774			543			797			1,317			708			930
Other operating expenses		980			905			3,084			964			1,132			787			888			963			963			823
Total operating expenses		6,557			7,354			11,743			6,899			2,242			6,461			7,725			8,999			9,218			8,976
Loss from operations		3,943			3,416			58			4,471			(2,242	)		3,709			4,245			4,771			4,552			4,194
Other income (expense), net
Interest expense		(3,506	)		(2,867	)		(4,054	)		(2,950	)		-			(3,283	)		(4,017	)		(4,924	)		(4,948	)		(4,554	)
Total other income (expense), net		(3,506	)		(2,867	)		(4,054	)		(2,950	)		-			(3,283	)		(4,017	)		(4,924	)		(4,948	)		(4,554	)
Provision for income taxes
Net loss	$	437		$	549		$	(3,996	)	$	1,521		$	(2,242	)	$	426		$	228		$	(153	)	$	(396	)	$	(360	)

F-107

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Sugar			Summerset			Tuxford			Vernon			Westchester			Windsor			100			101			Abbington			Collier
Rental income	$	10,770		$	10,170		$	4,343		$	3,729		$	14,970		$	15,570		$	-		$	-		$	-		$	-
Operating expenses:
Depreciation		4,279			3,505			1,801			3,619			4,687			4,809			1,407			-			-			-
Insurance		550			514			357			460			536			593			410			-			-			-
Management fees		1,719			1,376			726			975			2,260			2,030			1,246			600			461			-
Repair and maintenance		980			-			4,657			2,132			145			-			1,797			-			-			-
Property taxes		776			596			2,288			888			1,398			1,431			843			435			-			-
Other operating expenses		1,138			754			3,000			2,958			1,005			929			1,640			770			1,183			770
Total operating expenses		9,442			6,745			12,829			11,032			10,031			9,792			7,343			1,805			1,644			770
Loss from operations		1,328			3,425			(8,486	)		(7,303	)		4,939			5,778			(7,343	)		(1,805	)		(1,644	)		(770	)
Other income (expense), net
Interest expense		(4,706	)		(3,873	)		(2,713	)		(3,558	)		(4,645	)		(5,311	)		-			-			-			-
Total other income (expense), net		(4,706	)		(3,873	)		(2,713	)		(3,558	)		(4,645	)		(5,311	)		-			-			-			-
Provision for income taxes
Net loss	$	(3,378	)	$	(448	)	$	(11,199	)	$	(10,861	)	$	294		$	467		$	(7,343	)	$	(1,805	)	$	(1,644	)	$	(770	)

F-108

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Dunbar			Hines			Hollandaise			Jack			Johnny			June			Kirkwood			Lookout			McGregor			Pearl
Rental income	$	-		$	-		$	1,104		$	4,680		$	-		$	-		$	1,170		$	-		$	442		$	3,000
Operating expenses:
Depreciation		-			-			2,514			1,900			1,341			1,341			599			-			689			-
Insurance		-			-			488			374			-			-			184			-			214			-
Management fees		200			246			448			587			506			555			245			202			606			563
Repair and maintenance		-			-			535			3,539			-			-			672			-			525			-
Property taxes		200			224			568			737			-			-			280			162			791			-
Other operating expenses		1,070			1,254			2,490			3,414			1,111			1,115			2,042			829			1,935			770
Total operating expenses		1,470			1,724			7,043			10,551			2,958			3,011			4,022			1,193			4,760			1,333
Loss from operations		(1,470	)		(1,724	)		(5,939	)		(5,871	)		(2,958	)		(3,011	)		(2,852	)		(1,193	)		(4,318	)		1,667
Other income (expense), net
Interest expense		-			-			(3,584	)		(3,579	)		(2,367	)		(2,367	)		(1,693	)		-			-			-
Total other income (expense), net		-			-			(3,584	)		(3,579	)		(2,367	)		(2,367	)		(1,693	)		-			-			-
Provision for income taxes
Net loss	$	(1,470	)	$	(1,724	)	$	(9,523	)	$	(9,450	)	$	(5,325	)	$	(5,378	)	$	(4,545	)	$	(1,193	)	$	(4,318	)	$	1,667

F-109

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Point			Riverwalk			Roxy			Wescott			Wildwood			Consolidated
Rental income	$	2,295		$	-		$	-		$	-		$	-		$	723,399
Operating expenses:
Depreciation		875			905			747			-			505			332,889
Insurance		265			-			227			-			159			51,685
Management fees		353			-			239			149			125			122,269
Repair and maintenance		1,523			-			450			-			450			151,710
Property taxes		468			-			273			-			97			92,593
Other operating expenses		1,633			1,009			1,054			833			820			229,990
Total operating expenses		5,117			1,914			2,990			982			2,156			981,136
Loss from operations		(2,822	)		(1,914	)		(2,990	)		(982	)		(2,156	)		(257,737	)
Other income (expense), net
Interest expense		(3,054	)		-			(2,457	)		(464	)		(1,126	)		(377,303	)
Total other income (expense), net		(3,054	)		-			(2,457	)		(464	)		(1,126	)		(377,303	)
Provision for income taxes
Net loss	$	(5,876	)	$	(1,914	)	$	(5,447	)	$	(1,446	)	$	(3,282	)	$	(635,040	)

See the accompanying notes to these consolidated and consolidating financial statements.

F-110

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY (DEFICIT)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	100			101			Abbington			Amber			Apollo			Aster			Augusta
Balance at January 1, 2023	$	620,899		$	632,909		$	472,424		$	103,869		$	68,607		$	140,762		$	-
Issuance of membership units, net of offering costs		(1,000	)		-			-			-			-			-			-
Deemed contribution from Manager		-			8,827			-			-			-			1,695			30
Distributions		(15,286	)		(8,695	)		(9,339	)		(2,145	)		(1,444	)		(1,732	)		-
Net income (loss)		4,912			(17,787	)		194			(8,608	)		(4,274	)		(16,533	)		(1,262	)
Balance at June 30, 2023	$	609,526		$	615,254		$	463,279		$	93,115		$	62,889		$	124,192		$	(1,232	)

F-111

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Avebury			Avondale			Badminton			Bandelier			Baron			Basil			Bayside
Balance at January 1, 2023	$	92,573		$	-		$	84,054		$	110,135		$	574,107		$	70,288		$	99,814
Issuance of membership units, net of offering costs		-			359,466			-			-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			-			-
Distributions		(2,503	)		-			(3,444	)		(2,360	)		(10,411	)		(2,836	)		(3,815	)
Net income (loss)		(5,144	)		(3,975	)		(4,912	)		(20	)		(226	)		(1,818	)		(6,555	)
Balance at June 30, 2023	$	84,926		$	355,490		$	75,697		$	107,755		$	563,470		$	65,634		$	89,445

F-112

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Bazzel			Bedford			Bella			Belle			Belvedere			Bergenia			Blossom
Balance at January 1, 2023	$	256,450		$	98,872		$	-		$	446,293		$	-		$	-		$	275,525
Issuance of membership units, net of offering costs		-			-			-			-			322,875			-			-
Deemed contribution from Manager		-			-			-			-			-			-			-
Distributions		(4,360	)		(3,421	)		-			(6,528	)		-			-			(7,326	)
Net income (loss)		587			260			(985	)		(9,378	)		(8,029	)		(159	)		(894	)
Balance at June 30, 2023	$	252,677		$	95,711		$	(985	)	$	430,387		$	314,845		$	(159	)	$	267,306

F-113

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Bonneau			Brainerd			Braxton			Brennan			Brooklyn			Burlington			Butter
Balance at January 1, 2023	$	340,414		$	172,962		$	334,693		$	(10,323	)	$	102,768		$	640,125		$	116,216
Issuance of membership units, net of offering costs		-			-			(100	)		90,822			99			-			(2,500	)
Deemed contribution from Manager		-			-			-			(2,443	)		-			-			-
Distributions		(6,263	)		(3,671	)		(9,880	)		(849	)		(2,466	)		(11,597	)		(3,989	)
Net income (loss)		(2,554	)		(8,060	)		(4,614	)		(10,354	)		(12,926	)		1,033			(2,575	)
Balance at June 30, 2023	$	331,598		$	161,232		$	320,099		$	66,853		$	87,475		$	629,561		$	107,152

F-114

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Camino			Campbell			Cawley			Centennial			Chaparral			Chelsea			Chester
Balance at January 1, 2023	$	280,251		$	(19,436	)	$	-		$	95,037		$	89,185		$	102,632		$	210,665
Issuance of membership units, net of offering costs		-			-			-			-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			-			-
Distributions		(7,137	)		-			-			(2,839	)		(4,192	)		(3,299	)		(2,732	)
Net income (loss)		668			(41,245	)		(3,881	)		(1,857	)		3,076			(305	)		(7,067	)
Balance at June 30, 2023	$	273,782		$	(60,680	)	$	(3,881	)	$	90,341		$	88,070		$	99,028		$	200,866

F-115

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Chickamauga			Chinook			Chitwood			Clover			Coatbridge			Collier			Collinston
Balance at January 1, 2023	$	3,049		$	-		$	391,243		$	340,644		$	104,608		$	356,996		$	65,580
Issuance of membership units, net of offering costs		398,181			-			-			-			-			(100	)		-
Deemed contribution from Manager		-			-			-			-			-			-			-
Distributions		(9,478	)		-			(8,389	)		(8,714	)		(3,403	)		(6,529	)		(1,430	)
Net income (loss)		(6,152	)		(1,102	)		1,694			655			(13,870	)		(3,492	)		(7,041	)
Balance at June 30, 2023	$	385,600		$	(1,102	)	$	384,549		$	332,585		$	87,335		$	346,875		$	57,109

F-116

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Conway			Cove			Creekside			Creekwood			Cumberland			Cupcake			Cypress
Balance at January 1, 2023	$	681,755		$	-		$	324,614		$	168,173		$	313,735		$	82,851		$	204,742
Issuance of membership units, net of offering costs		-			227,408			(1,200	)		-			-			-			-
Deemed contribution from Manager		-			890			-			-			-			-			-
Distributions		(11,733	)		-			(8,288	)		(2,135	)		(7,251	)		(4,302	)		(2,953	)
Net income (loss)		(5,189	)		(2,903	)		753			(4,545	)		1,087			(555	)		(8,176	)
Balance at June 30, 2023	$	664,833		$	225,394		$	315,878		$	161,493		$	307,571		$	77,994		$	193,613

F-117

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Daisy			Davidson			Dawson			Delta			Dewberry			Diablo			Dogwood
Balance at January 1, 2023	$	315,110		$	60,995		$	73,939		$	100,118		$	69,213		$	76,957		$	250,991
Issuance of membership units, net of offering costs		-			-			-			-			-			-			(100	)
Deemed contribution from Manager		-			-			-			-			-			-			-
Distributions		(6,989	)		(1,387	)		(2,302	)		(2,321	)		(2,382	)		(1,806	)		(5,577	)
Net income (loss)		(649	)		(2,340	)		(4,771	)		(27,243	)		(4,553	)		(13,782	)		(290	)
Balance at June 30, 2023	$	307,472		$	57,268		$	66,866		$	70,553		$	62,278		$	61,369		$	245,024

F-118

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Dolittle			Dolly			Dops			Dorchester			Dunbar			Eagle			Eastfair
Balance at January 1, 2023	$	103,056		$	697,006		$	(900	)	$	350,394		$	318,473		$	157,055		$	69,956
Issuance of membership units, net of offering costs		-			(2,500	)		221,871			-			(100	)		-			-
Deemed contribution from Manager		-			-			(262	)		-			-			-			-
Distributions		(3,075	)		(11,092	)		(2,647	)		(6,012	)		(4,449	)		(3,894	)		(2,881	)
Net income (loss)		(5,593	)		(13,341	)		(5,342	)		(6,455	)		(13,213	)		(917	)		(611	)
Balance at June 30, 2023	$	94,388		$	670,072		$	212,719		$	337,927		$	300,712		$	152,243		$	66,464

F-119

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Elevation			Ella			Ellen			Elm			Emporia			Ensenada			Falcon
Balance at January 1, 2023	$	99,050		$	-		$	-		$	61,659		$	113,623		$	177,988		$	154,723
Issuance of membership units, net of offering costs		-			283,479			-			-			(100	)		-			-
Deemed contribution from Manager		-			896			-			-			-			-			-
Distributions		(2,011	)		(3,374	)		-			(2,053	)		(2,288	)		(5,087	)		(3,688	)
Net income (loss)		(16,264	)		(14,977	)		(557	)		(3,462	)		(12,032	)		(4,133	)		409
Balance at June 30, 2023	$	80,775		$	266,024		$	(557	)	$	56,145		$	99,203		$	168,767		$	151,444

F-120

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Felix			Fenwick			Folly			Forest			Foster			Franklin			Gardens
Balance at January 1, 2023	$	-		$	-		$	322,669		$	112,792		$	-		$	-		$	90,486
Issuance of membership units, net of offering costs		-			-			-			-			-			-			-
Deemed contribution from Manager		-			388			-			-			82			-			-
Distributions		-			-			(5,799	)		(3,733	)		-			-			(2,645	)
Net income (loss)		(841	)		(2,304	)		(11,933	)		(8,018	)		(1,275	)		(1,371	)		(344	)
Balance at June 30, 2023	$	(841	)	$	(1,916	)	$	304,937		$	101,040		$	(1,193	)	$	(1,371	)	$	87,498

F-121

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	General			Goose			Grant			Greenhill			Gretal			Grove			Hadden
Balance at January 1, 2023	$	-		$	145,301		$	119,168		$	113,152		$	478,067		$	75,984		$	84,506
Issuance of membership units, net of offering costs		-			(250	)		-			(4,000	)		-			-			-
Deemed contribution from Manager		-			-			-			-			-			-			-
Distributions		-			(4,327	)		(3,723	)		(3,601	)		(9,416	)		(1,634	)		(3,179	)
Net income (loss)		(780	)		(258	)		(2,626	)		(2,876	)		(11,902	)		(1,448	)		1,090
Balance at June 30, 2023	$	(780	)	$	140,466		$	112,819		$	102,675		$	456,749		$	72,902		$	82,417

F-122

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Hansard			Hansel			Harrison			Henry			Heritage			Heron			Highland
Balance at January 1, 2023	$	(900	)	$	222,297		$	254,440		$	417,931		$	88,728		$	98,180		$	282,783
Issuance of membership units, net of offering costs		325,432			-			(100	)		-			-			-			-
Deemed contribution from Manager		1,926			-			-			-			-			-			-
Distributions		(3,879	)		(4,274	)		(4,281	)		(7,130	)		(1,999	)		(2,285	)		(5,177	)
Net income (loss)		(4,828	)		(14,967	)		(5,258	)		(2,614	)		(3,443	)		(4,187	)		517
Balance at June 30, 2023	$	317,751		$	203,056		$	244,801		$	408,186		$	83,285		$	91,708		$	278,122

F-123

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Hines			Holcomb			Holland			Hollandaise			Holloway			Inglewood			Jack
Balance at January 1, 2023	$	259,919		$	359,072		$	68,008		$	125,632		$	121,577		$	684,630		$	143,237
Issuance of membership units, net of offering costs		-			-			-			-			-			(100	)		-
Deemed contribution from Manager		-			-			-			-			-			-			-
Distributions		(5,320	)		(6,546	)		(1,516	)		(3,288	)		(4,574	)		(10,932	)		(3,119	)
Net income (loss)		(180	)		(58	)		(3,361	)		(4,951	)		(3,751	)		(4,801	)		(9,704	)
Balance at June 30, 2023	$	254,418		$	352,468		$	63,131		$	117,393		$	113,252		$	668,797		$	130,413

F-124

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Jake			Jefferson			Jill			Johnny			June			Jupiter			Kawana
Balance at January 1, 2023	$	597,448		$	(900	)	$	229,017		$	568,318		$	570,463		$	71,731		$	93,538
Issuance of membership units, net of offering costs		(1,000	)		294,864			-			-			-			-			-
Deemed contribution from Manager		-			2,893			-			-			-			-			-
Distributions		(10,781	)		(3,515	)		(4,290	)		(9,981	)		(10,641	)		(1,680	)		(3,046	)
Net income (loss)		(1,904	)		(7,116	)		(7,968	)		(13,757	)		(12,727	)		(3,709	)		(931	)
Balance at June 30, 2023	$	583,763		$	286,227		$	216,759		$	544,580		$	547,094		$	66,342		$	89,560

F-125

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Kennesaw			Kenny			KerriAnn			Kessler			Kingsley			Kirkwood			Korin
Balance at January 1, 2023	$	426,903		$	700,843		$	95,660		$	146,499		$	101,900		$	82,431		$	(1,308	)
Issuance of membership units, net of offering costs		-			-			-			-			-			-			298,785
Deemed contribution from Manager		-			-			-			-			-			-			(939	)
Distributions		(7,286	)		(11,108	)		(2,045	)		(1,732	)		(3,912	)		(1,702	)		(3,893	)
Net income (loss)		2,166			(5,895	)		(2,257	)		(7,226	)		(4,645	)		(3,541	)		(3,779	)
Balance at June 30, 2023	$	421,783		$	683,840		$	91,359		$	137,541		$	93,343		$	77,188		$	288,866

F-126

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Lallie			Lanier			Lannister			Latte			Lennox			Lierly			Lily
Balance at January 1, 2023	$	123,846		$	131,558		$	65,502		$	375,130		$	85,080		$	81,700		$	162,022
Issuance of membership units, net of offering costs		-			(100	)		(100	)		-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			-			-
Distributions		(3,171	)		(2,970	)		(1,520	)		(6,661	)		(3,390	)		(4,066	)		(3,607	)
Net income (loss)		(14,252	)		(4,005	)		(1,723	)		1,437			(3,589	)		952			(5,416	)
Balance at June 30, 2023	$	106,423		$	124,482		$	62,159		$	369,906		$	78,102		$	78,586		$	153,000

F-127

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Limestone			Litton			Longwoods			Lookout			Loretta			Louis			Louise
Balance at January 1, 2023	$	106,459		$	191,920		$	-		$	343,336		$	696,340		$	-		$	104,866
Issuance of membership units, net of offering costs		-			(100	)		-			-			(100	)		-			-
Deemed contribution from Manager		-			-			370			-			-			106			-
Distributions		(4,524	)		(4,497	)		-			(5,805	)		(11,670	)		-			(3,705	)
Net income (loss)		(4,191	)		(7,425	)		(1,546	)		93			(5,551	)		(2,018	)		(2,264	)
Balance at June 30, 2023	$	97,744		$	179,899		$	(1,176	)	$	337,625		$	679,019		$	(1,912	)	$	98,897

F-128

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Lovejoy			Luna			Lurleen			Madison			Mae			Magnolia			Malbec
Balance at January 1, 2023	$	93,689		$	68,442		$	(1,596	)	$	105,115		$	374,107		$	79,416		$	113,333
Issuance of membership units, net of offering costs		-			-			136,159			-			(100	)		-			-
Deemed contribution from Manager		-			-			-			3,887			-			-			-
Distributions		(2,950	)		(3,052	)		(3,995	)		(1,905	)		(8,263	)		(1,795	)		(4,963	)
Net income (loss)		(4,599	)		(1,752	)		(6,142	)		(13,531	)		(574	)		(3,148	)		(7,844	)
Balance at June 30, 2023	$	86,141		$	63,638		$	124,426		$	93,565		$	365,171		$	74,473		$	100,525

F-129

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Mammoth			Marcelo			Marie			Marietta			Marion			Marple			Martell
Balance at January 1, 2023	$	111,366		$	299,825		$	(900	)	$	170,915		$	-		$	-		$	-
Issuance of membership units, net of offering costs		-			(100	)		341,882			-			-			196,682			286,198
Deemed contribution from Manager		-			-			3,438			-			333			376			-
Distributions		(2,342	)		(7,430	)		(4,447	)		(3,663	)		-			-			-
Net income (loss)		(1,268	)		(4,254	)		(5,140	)		(4,482	)		(1,749	)		(3,957	)		(9,195	)
Balance at June 30, 2023	$	107,756		$	288,041		$	334,832		$	162,770		$	(1,416	)	$	193,101		$	277,003

F-130

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Mary			Matchingham			McGregor			McLovin			Meadow			Mimosa			Mojave
Balance at January 1, 2023	$	-		$	76,536		$	298,839		$	161,841		$	111,898		$	125,096		$	76,249
Issuance of membership units, net of offering costs		-			-			-			-			-			(3,510	)		-
Deemed contribution from Manager		675			-			-			-			-			-			-
Distributions		-			(3,110	)		(6,600	)		(4,618	)		(2,303	)		(3,448	)		(3,425	)
Net income (loss)		(4,619	)		(2,505	)		702			(9,300	)		(7,224	)		(1,591	)		(1,969	)
Balance at June 30, 2023	$	(3,944	)	$	70,921		$	292,941		$	147,923		$	102,371		$	116,548		$	70,855

F-131

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Murphy			Mycroft			Nugget			Odessa			Olive			Oly			Onyx
Balance at January 1, 2023	$	101,077		$	-		$	555,985		$	150,309		$	111,685		$	168,914		$	-
Issuance of membership units, net of offering costs		-			200,772			-			-			-			-			-
Deemed contribution from Manager		-			252			-			-			-			-			283
Distributions		(3,917	)		-			(10,051	)		(3,282	)		(3,686	)		(4,587	)		-
Net income (loss)		(3,879	)		(3,886	)		5,721			(14,886	)		(5,958	)		(10,507	)		(1,410	)
Balance at June 30, 2023	$	93,280		$	197,138		$	551,655		$	132,141		$	102,041		$	153,820		$	(1,127	)

F-132

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Oscar			Osceola			Osprey			Otoro			Palmer			Patrick			Peanut
Balance at January 1, 2023	$	-		$	-		$	359,692		$	122,842		$	-		$	91,661		$	80,736
Issuance of membership units, net of offering costs		-			-			-			-			-			-			-
Deemed contribution from Manager		-			7			-			-			-			-			-
Distributions		-			-			(6,448	)		(2,557	)		-			(3,053	)		(2,065	)
Net income (loss)		(725	)		(7,603	)		(1,486	)		(31,120	)		(1,327	)		3,323			(7,519	)
Balance at June 30, 2023	$	(725	)	$	(7,596	)	$	351,757		$	89,165		$	(1,327	)	$	91,931		$	71,152

F-133

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Pearl			Pecan			Piedmont			Pinot			Pioneer			Plumtree			Point
Balance at January 1, 2023	$	555,868		$	92,297		$	219,551		$	111,561		$	574,168		$	91,278		$	130,572
Issuance of membership units, net of offering costs		-			-			-			-			-			-			(400	)
Deemed contribution from Manager		7,527			-			-			-			-			-			-
Distributions		(11,075	)		(4,169	)		(2,835	)		(5,000	)		(8,482	)		(5,005	)		(3,343	)
Net income (loss)		(11,195	)		145			(7,429	)		(2,363	)		3,054			4,789			(5,563	)
Balance at June 30, 2023	$	541,125		$	88,272		$	209,286		$	104,198		$	568,740		$	91,062		$	121,267

F-134

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Porthos			Quincy			Redondo			Regency			Reginald			Reynolds			Ribbonwalk
Balance at January 1, 2023	$	-		$	553,575		$	180,868		$	(1,167	)	$	426,237		$	436,550		$	90,883
Issuance of membership units, net of offering costs		-			(200	)		(100	)		165,047			(200	)		-			-
Deemed contribution from Manager		237			-			-			-			-			-			-
Distributions		-			(8,816	)		(3,383	)		(4,114	)		(7,530	)		(7,865	)		(2,083	)
Net income (loss)		(1,902	)		(10,953	)		(14,526	)		(3,778	)		1,981			4,219			(9,177	)
Balance at June 30, 2023	$	(1,665	)	$	533,606		$	162,859		$	155,989		$	420,488		$	432,905		$	79,624

F-135

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Richardson			Ridge			Ritter			River			Riverwalk			Rooney			Roseberry
Balance at January 1, 2023	$	328,483		$	83,550		$	506,679		$	100,942		$	402,648		$	107,342		$	109,042
Issuance of membership units, net of offering costs		(200	)		-			-			-			(100	)		-			-
Deemed contribution from Manager		-			-			-			-			-			-			-
Distributions		(6,636	)		(3,120	)		(8,127	)		(4,066	)		(8,166	)		(2,499	)		(3,656	)
Net income (loss)		(1,835	)		(4,084	)		(17,823	)		(1,558	)		(1,530	)		(5,688	)		1,445
Balance at June 30, 2023	$	319,811		$	76,345		$	480,730		$	95,319		$	392,853		$	99,155		$	106,832

F-136

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Rosewood			Roxy			Saddlebred			Saint			Sajni			Salem			Salinas
Balance at January 1, 2023	$	83,715		$	101,734		$	143,605		$	120,330		$	-		$	109,633		$	-
Issuance of membership units, net of offering costs		-			(400	)		-			-			323,300			-			251,086
Deemed contribution from Manager		-			-			-			-			1,424			-			948
Distributions		(1,811	)		(2,008	)		(2,967	)		(3,695	)		(4,204	)		(4,526	)		(2,990	)
Net income (loss)		(3,951	)		(5,919	)		(12,164	)		(3,214	)		(12,870	)		(4,814	)		(16,992	)
Balance at June 30, 2023	$	77,953		$	93,407		$	128,473		$	113,421		$	307,650		$	100,293		$	232,052

F-137

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Saturn			Scepter			Sequoyah			Shallowford			Shoreline			Sigma			Simon
Balance at January 1, 2023	$	76,128		$	83,236		$	146,901		$	200,450		$	97,216		$	122,373		$	-
Issuance of membership units, net of offering costs		-			-			-			-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			-			-
Distributions		(1,448	)		(1,743	)		(3,365	)		(3,898	)		(3,544	)		(3,396	)		-
Net income (loss)		(4,891	)		(7,676	)		(14,968	)		(10,448	)		(1,159	)		(5,679	)		(4,607	)
Balance at June 30, 2023	$	69,789		$	73,816		$	128,567		$	186,104		$	92,513		$	113,299		$	(4,607	)

F-138

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Sims			Soapstone			Sodalis			Spencer			Splash			Spring			Stonebriar
Balance at January 1, 2023	$	-		$	84,806		$	291,596		$	106,749		$	91,827		$	253,852		$	66,437
Issuance of membership units, net of offering costs		289,893			-			-			-			-			-			-
Deemed contribution from Manager		1,053			-			-			-			-			-			-
Distributions		-			(3,601	)		(5,042	)		(4,425	)		(4,249	)		(5,463	)		(1,514	)
Net income (loss)		(4,861	)		2,640			(2,040	)		(4,653	)		(225	)		1,568			(6,756	)
Balance at June 30, 2023	$	286,085		$	83,845		$	284,514		$	97,671		$	87,353		$	249,958		$	58,166

F-139

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Sugar			Summerset			Sundance			Sunnyside			Swift			Taylor			Terracotta
Balance at January 1, 2023	$	115,048		$	84,713		$	184,096		$	(900	)	$	350,095		$	138,711		$	113,091
Issuance of membership units, net of offering costs		-			-			-			243,594			-			-			-
Deemed contribution from Manager		-			-			-			(556	)		-			-			-
Distributions		(2,497	)		(1,867	)		(3,592	)		(3,162	)		(7,504	)		(2,071	)		(3,630	)
Net income (loss)		(5,536	)		(1,653	)		(12,160	)		2,764			3,031			(3,584	)		(8,112	)
Balance at June 30, 2023	$	107,016		$	81,194		$	168,344		$	241,739		$	345,622		$	133,057		$	101,350

F-140

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Theodore			Tulip			Tuscan			Tuscarora			Tuxford			Vernon			Walton
Balance at January 1, 2023	$	-		$	97,441		$	131,864		$	(900	)	$	78,935		$	82,726		$	290,069
Issuance of membership units, net of offering costs		-			-			-			360,177			-			-			-
Deemed contribution from Manager		-			-			-			1,971			-			-			-
Distributions		-			(2,242	)		(5,923	)		(3,511	)		(2,290	)		(2,438	)		(4,850	)
Net income (loss)		(1,828	)		(15,864	)		1,294			(9,644	)		(5,573	)		(5,996	)		(25,152	)
Balance at June 30, 2023	$	(1,828	)	$	79,334		$	127,235		$	348,093		$	71,072		$	74,292		$	260,068

F-141

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Wave			Weldon			Wellington			Wentworth			Wescott			Westchester			Wildwood
Balance at January 1, 2023	$	99,105		$	72,614		$	425,944		$	83,990		$	138,760		$	151,038		$	120,130
Issuance of membership units, net of offering costs		(2,500	)		-			(200	)		-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			-			-
Distributions		(2,118	)		(1,531	)		(8,021	)		(4,303	)		(2,664	)		(5,069	)		(2,494	)
Net income (loss)		(16,712	)		(2,411	)		(580	)		(2,944	)		(4,778	)		(6,751	)		1,491
Balance at June 30, 2023	$	77,775		$	68,671		$	417,144		$	76,744		$	131,318		$	139,218		$	119,128

F-142

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Willow			Wilson			Windsor			Winston			Wisteria			Consolidated
Balance at January 1, 2023	$	304,187		$	400,541		$	124,688		$	351,670		$	102,274		$	39,036,651
Issuance of membership units, net of offering costs		(1,200	)		(100	)		-			(100	)		(100	)		5,595,011
Deemed contribution from Manager		-			-			-			-			-			36,312
Distributions		(6,116	)		(8,485	)		(4,957	)		(7,243	)		(2,554	)		(910,997	)
Net income (loss)		(100	)		(515	)		9,771			(2,641	)		(1,672	)		(1,102,187	)
Balance at June 30, 2023	$	296,771		$	391,441		$	129,502		$	341,685		$	97,948		$	42,654,789

F-143

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENTS OF CHANGES IN MEMBERS’ EQUITY (DEFICIT)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Apollo			Avebury			Chelsea			Clover			Dogwood			Gardens			Grove			Kawana			Lannister			Latte
Balance at January 1, 2022	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Membership contributions, net of issuance costs		77,571			106,673			116,517			-			-			100,941			89,767			107,916			83,245			384,994
Deemed contribution from Manager		555			1,027			1,294			-			-			180			901			373			425			-
Distributions		(456	)		(1,389	)		(1,651	)		-			-			(1,278	)		(526	)		(2,795	)		(479	)		-
Net income (loss)		(2,228	)		(7,344	)		(6,283	)		(1,070	)		(820	)		(4,268	)		(4,844	)		(7,634	)		(8,692	)		(1,534	)
Balance at June 30, 2022 (unaudited)	$	75,442		$	98,967		$	109,878		$	(1,070	)	$	(820	)	$	95,575		$	85,298		$	97,860		$	74,499		$	383,460

F-144

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENTS OF CHANGES IN MEMBERS’ EQUITY (DEFICIT)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Louise			Madison			Peanut			Rosewood			Stonebriar			Tulip			Wisteria			Chaparral			Cupcake			Lierly
Balance at January 1, 2022	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	99,751		$	91,091		$	89,155
Membership contributions, net of issuance costs		113,471			130,979			84,532			104,490			85,622			118,471			110,463			-			-			-
Deemed contribution from Manager		332			489			194			399			309			293			1,458			-			-			-
Distributions		(1,853	)		(880	)		(992	)		(616	)		(598	)		(1,822	)		(783	)		(5,344	)		(5,107	)		(4,917	)
Net income (loss)		(2,810	)		(2,455	)		(1,872	)		(8,856	)		(3,277	)		(6,711	)		(5,664	)		(1,325	)		695			641
Balance at June 30, 2022 (unaudited)	$	109,140		$	128,133		$	81,862		$	95,417		$	82,056		$	110,230		$	105,474		$	93,082		$	86,679		$	84,879

F-145

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENTS OF CHANGES IN MEMBERS’ EQUITY (DEFICIT)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Malbec			Mojave			Patrick			Pecan			Pinot			Plumtree			Salem			Soapstone			Splash			Tuscan
Balance at January 1, 2022	$	122,827		$	96,504		$	102,846		$	100,140		$	123,675		$	101,731		$	119,345		$	94,556		$	99,672		$	149,360
Membership contributions, net of issuance costs		-			(100	)		-			-			-			-			-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			-			-			-			-			-
Distributions		(6,479	)		(5,449	)		(4,976	)		(5,025	)		(6,534	)		(6,202	)		(6,782	)		(4,701	)		(5,260	)		(8,270	)
Net income (loss)		111			181			(1,743	)		551			122			484			(531	)		23			419			270
Balance at June 30, 2022 (unaudited)	$	116,459		$	91,136		$	96,127		$	95,666		$	117,263		$	96,013		$	112,032		$	89,878		$	94,831		$	141,360

F-146

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENTS OF CHANGES IN MEMBERS’ EQUITY (DEFICIT)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Walton			Wentworth			Bandelier			Diablo			Rooney			Saint			Scepter			Terracotta			Baron			Burlington
Balance at January 1, 2022	$	-		$	94,728		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Membership contributions, net of issuance costs		-			-			125,963			108,210			133,516			126,643			98,684			118,438			604,098			687,621
Deemed contribution from Manager		-			-			-			-			-			(150	)		-			6,599			(2,500	)		(3,500	)
Distributions		-			(6,269	)		(2,954	)		(2,580	)		(3,440	)		(2,514	)		(2,351	)		(1,536	)		(3,265	)		(3,719	)
Net income (loss)		(1,625	)		18			(11,788	)		(13,632	)		(18,401	)		(833	)		(8,508	)		(6,929	)		1,136			2,085
Balance at June 30, 2022 (unaudited)	$	(1,625	)	$	88,477		$	111,221		$	91,998		$	111,675		$	123,146		$	87,825		$	116,572		$	599,469		$	682,487

F-147

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENTS OF CHANGES IN MEMBERS’ EQUITY (DEFICIT)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Ensenada			Jake			Lily			McLovin			Nugget			Odessa			Oly			Pioneer			Ritter			Saddlebred
Balance at January 1, 2022	$	-		$	-		$	(3,140	)	$	-		$	-		$	(2,919	)	$	-		$	-		$	-		$	(3,195	)
Membership contributions, net of issuance costs		198,683			612,906			210,494			188,651			590,293			187,276			187,196			605,434			536,806			169,337
Deemed contribution from Manager		-			-			-			-			-			-			-			-			(1,000	)		-
Distributions		(5,097	)		-			(5,342	)		(4,838	)		(3,193	)		(4,821	)		(4,805	)		-			-			(4,358	)
Net income (loss)		(10,495	)		(1,899	)		(21,114	)		(13,421	)		(1,484	)		(17,345	)		(7,047	)		(3,123	)		(608	)		(43,296	)
Balance at June 30, 2022 (unaudited)	$	183,091		$	611,007		$	180,898		$	170,392		$	585,616		$	162,191		$	175,344		$	602,311		$	535,198		$	118,488

F-148

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENTS OF CHANGES IN MEMBERS’ EQUITY (DEFICIT)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Delta			Emporia			Grant			Heritage			Holcomb			Kennesaw			Lanier			Lovejoy			Magnolia			Mammoth
Balance at January 1, 2022	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Membership contributions, net of issuance costs		122,469			128,705			139,954			107,684			378,585			447,255			143,238			108,167			97,484			126,564
Deemed contribution from Manager		4,513			6,066			-			3,127			-			-			886			3,802			1,777			1,568
Distributions		(2,902	)		(3,052	)		(3,914	)		(637	)		-			-			(840	)		(2,565	)		(574	)		(744	)
Net income (loss)		(10,646	)		(7,569	)		(10,967	)		(5,618	)		(2,171	)		(2,146	)		(5,068	)		(9,238	)		(4,109	)		(6,166	)
Balance at June 30, 2022 (unaudited)	$	113,435		$	124,151		$	125,073		$	104,556		$	376,414		$	445,109		$	138,216		$	100,166		$	94,578		$	121,222

F-149

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENTS OF CHANGES IN MEMBERS’ EQUITY (DEFICIT)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Otoro			Reynolds			Swift			Wave			Amber			Centennial			Collinston			Davidson			Holland			Jupiter
Balance at January 1, 2022	$	-		$	-		$	-		$	-		$	(3,480	)	$	105,219		$	(1,756	)	$	(160	)	$	(1,942	)	$	(1,829	)
Membership contributions, net of issuance costs		144,539			453,488			365,241			120,942			123,685			-			86,939			77,126			87,518			89,288
Deemed contribution from Manager		965			-			870			2,774			-			-			-			-			-			-
Distributions		(2,060	)		-			(2,769	)		(2,863	)		(2,615	)		(4,259	)		(1,851	)		(1,664	)		(1,857	)		(1,894	)
Net income (loss)		(10,379	)		(1,427	)		(3,651	)		(5,562	)		(9,208	)		(3,069	)		(15,327	)		(11,312	)		(16,347	)		(12,421	)
Balance at June 30, 2022 (unaudited)	$	133,065		$	452,061		$	359,690		$	115,291		$	108,382		$	97,891		$	68,005		$	63,990		$	67,372		$	73,144

F-150

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENTS OF CHANGES IN MEMBERS’ EQUITY (DEFICIT)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	KerriAnn			Meadow			Ribbonwalk			Saturn			Sigma			Weldon			Badminton			Basil			Bayside			Bazzel
Balance at January 1, 2022	$	(8,340	)	$	(6,829	)	$	(3,121	)	$	(1,961	)	$	-		$	(1,999	)	$	90,129		$	77,526		$	(338	)	$	-
Membership contributions, net of issuance costs		124,720			138,331			116,972			89,100			139,260			87,439			-			-			104,740			-
Deemed contribution from Manager		-			-			-			-			-			-			-			-			-			-
Distributions		(2,921	)		(2,855	)		(2,499	)		(1,891	)		(3,269	)		(1,855	)		(4,479	)		(3,730	)		(3,199	)		-
Net income (loss)		(13,430	)		(10,657	)		(15,484	)		(8,382	)		(19,987	)		(11,415	)		850			487			1,023			(1,338	)
Balance at June 30, 2022 (unaudited)	$	100,029		$	117,990		$	95,867		$	76,866		$	116,004		$	72,170		$	86,500		$	74,283		$	102,225		$	(1,338	)

F-151

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENTS OF CHANGES IN MEMBERS’ EQUITY (DEFICIT)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Bedford			Butter			Coatbridge			Dawson			Dewberry			Dolittle			Dorchester			Eastfair			Elevation			Elm
Balance at January 1, 2022	$	-		$	-		$	(2,591	)	$	(1,519	)	$	75,690		$	-		$	-		$	74,600		$	(1,624	)	$	(861	)
Membership contributions, net of issuance costs		103,855			137,859			111,730			93,203			-			112,713			-			(500	)		106,933			69,199
Deemed contribution from Manager		1,023			-			-			-			-			-			-			-			-			-
Distributions		(1,355	)		(4,188	)		(3,406	)		(2,853	)		(3,790	)		(3,209	)		-			(3,521	)		(3,268	)		(2,135	)
Net income (loss)		(4,568	)		(15,428	)		1,439			(2,921	)		(1,215	)		(6,180	)		(1,558	)		1,044			(629	)		2,274
Balance at June 30, 2022 (unaudited)	$	98,955		$	118,243		$	107,172		$	85,909		$	70,685		$	103,325		$	(1,558	)	$	71,623		$	101,411		$	68,477

F-152

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENTS OF CHANGES IN MEMBERS’ EQUITY (DEFICIT)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Folly			Forest			Greenhill			Hadden			Heron			Holloway			Kingsley			Lallie			Lennox			Limestone
Balance at January 1, 2022	$	-		$	(9,426	)	$	-		$	-		$	-		$	130,068		$	111,543		$	142,753		$	(1,881	)	$	(2,805	)
Membership contributions, net of issuance costs		-			141,388			118,705			95,215			112,381			100			(500	)		-			89,971			120,037
Deemed contribution from Manager		-			-			3,024			1,865			538			-			-			-			-			-
Distributions		-			(4,237	)		(3,091	)		(1,549	)		(661	)		(5,762	)		(5,194	)		(6,604	)		(2,754	)		(3,595	)
Net income (loss)		(2,263	)		407			(4,086	)		(9,068	)		(4,157	)		481			(317	)		517			934			(4,342	)
Balance at June 30, 2022 (unaudited)	$	(2,263	)	$	128,132		$	114,551		$	86,463		$	108,101		$	124,887		$	105,532		$	136,666		$	86,270		$	109,295

F-153

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENTS OF CHANGES IN MEMBERS’ EQUITY (DEFICIT)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Luna			Matchingham			Murphy			Olive			Osprey			Ridge			River			Roseberry			Shoreline			Spencer
Balance at January 1, 2022	$	73,214		$	-		$	-		$	(2,975	)	$	-		$	(522	)	$	(2,177	)	$	116,448		$	108,054		$	116,356
Membership contributions, net of issuance costs		(500	)		79,848			110,084			119,519			371,970			89,030			108,634			-			(100	)		(500	)
Deemed contribution from Manager		-			-			-			-			-			-			-			-			-			-
Distributions		(3,700	)		(2,476	)		(3,134	)		(3,565	)		-			(2,730	)		(3,318	)		(5,706	)		(4,850	)		(5,406	)
Net income (loss)		437			549			(3,996	)		1,521			(2,242	)		426			228			(153	)		(396	)		(360	)
Balance at June 30, 2022 (unaudited)	$	69,451		$	77,921		$	102,954		$	114,500		$	369,728		$	86,204		$	103,367		$	110,589		$	102,708		$	110,090

F-154

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENTS OF CHANGES IN MEMBERS’ EQUITY (DEFICIT)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Sugar			Summerset			Tuxford			Vernon			Westchester			Windsor			100			101			Abbington			Collier
Balance at January 1, 2022	$	(2,904	)	$	97,623		$	-		$	-		$	(292	)	$	134,771		$	-		$	-		$	-		$	-
Membership contributions, net of issuance costs		127,779			-			102,464			97,709			159,639			(500	)		652,349			665,033			512,153			-
Deemed contribution from Manager		-			-			549			-			-			-			450			-			2,752			-
Distributions		(2,941	)		(4,632	)		(2,654	)		(3,018	)		(4,722	)		(6,113	)		(4,233	)		-			(2,768	)		-
Net income (loss)		(3,378	)		(448	)		(11,199	)		(10,861	)		294			467			(7,343	)		(1,805	)		(1,644	)		(770	)
Balance at June 30, 2022 (unaudited)	$	118,556		$	92,543		$	89,160		$	83,830		$	154,918		$	128,625		$	641,223		$	663,228		$	510,492		$	(770	)

F-155

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENTS OF CHANGES IN MEMBERS’ EQUITY (DEFICIT)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Dunbar			Hines			Hollandaise			Jack			Johnny			June			Kirkwood			Lookout			McGregor			Pearl
Balance at January 1, 2022	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Membership contributions, net of issuance costs		213,788			272,916			140,374			155,481			557,458			615,532			98,854			214,162			327,129			577,658
Deemed contribution from Manager		300			-			8,681			1,506			-			-			690			-			475			-
Distributions		-			-			(1,480	)		(1,651	)		-			-			(582	)		-			(2,122	)		(3,124	)
Net income (loss)		(1,470	)		(1,724	)		(9,523	)		(9,450	)		(5,325	)		(5,378	)		(4,545	)		(1,193	)		(4,318	)		1,667
Balance at June 30, 2022 (unaudited)	$	212,618		$	271,192		$	138,053		$	145,886		$	552,133		$	610,154		$	94,417		$	212,969		$	321,164		$	576,201

See the accompanying notes to these consolidated and consolidating financial statements.

F-156

ARRIVED HOMES, LLC AND ITS SERIES

CONSOLIDATED AND CONSOLIDATING STATEMENTS OF CHANGES IN MEMBERS’ EQUITY (DEFICIT)

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Point			Riverwalk			Roxy			Wescott			Wildwood			Consolidated
Balance at January 1, 2022	$	-		$	-		$	-		$	-		$	-		$	2,868,789
Membership contributions, net of issuance costs		144,818			-			122,171			158,815			134,048			19,795,358
Deemed contribution from Manager		1,669			-			1,148			454			741			59,891
Distributions		(850	)		-			(718	)		(896	)		(752	)		(355,319	)
Net income (loss)		(5,876	)		(1,914	)		(5,447	)		(1,446	)		(3,282	)		(635,040	)
Balance at June 30, 2022 (unaudited)	$	139,760		$	(1,914	)	$	117,154		$	156,927		$	130,756		$	21,733,680

See the accompanying notes to these consolidated and consolidating financial statements.

F-157

ARRIVED HOMES, LLC AND ITS SERIES
CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023 (UNAUDITED)

	100			101			Abbington			Amber			Apollo			Aster			Augusta
Cash flows from operating activities:
Net income (loss)	$	(2,331	)	$	(43,759	)	$	(26,014	)	$	(24,132	)	$	(12,006	)	$	(29,727	)	$	(1,262	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		2,815			8,719			6,578			4,208			2,691			3,510			-
Amortization		-			-			-			38			58			-			-
Changes in assets and liabilities:
Prepaid expenses		(1,469	)		(1,513	)		(1,400	)		(1,228	)		(219	)		(870	)		-
Accrued expenses		14,224			7,856			7,789			5,351			2,197			3,779			936
Due from third party property managers		(9,158	)		-			-			(6,458	)		(4,914	)		(3,508	)		-
Due to (from) related party		4,021			34,357			12,841			22,530			14,421			30,159			30
Net cash provided by (used in) operating activities		8,102			5,945			4,341			309			2,230			3,342			-
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-			-
Net proceeds from the issuance of membership units		(1,000	)		-			-			-			-			-			-
Distributions		(15,286	)		(8,695	)		(9,339	)		(2,145	)		(1,444	)		(1,732	)		-
Net cash provided by (used in) financing activities		(16,286	)		(8,695	)		(9,339	)		(2,145	)		(1,444	)		(1,732	)		-
Net change in cash and cash equivalents		(8,184	)		(2,750	)		(4,998	)		(1,837	)		785			1,610			-
Cash at beginning of period		34,876			15,458			12,352			6,844			24			97			-
Cash at end of period	$	26,693		$	12,708		$	7,354		$	5,007		$	809		$	1,707		$	-
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	1,263		$	1,023		$	792		$	510		$	60		$	153		$	-
Cash paid for interest	$	-		$	-		$	-		$	(3,929	)	$	(5,817	)	$	(4,223	)	$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	600,998		$	621,942		$	475,904		$	295,212		$	195,468		$	254,289		$	298,848
Acquisition of property	$	600,998		$	621,942		$	475,904		$	295,212		$	195,468		$	254,289		$	298,848
Mortgage payable for acquisition of property	$	28,792		$	51,083		$	16,832		$	214,658		$	138,395		$	136,183		$	299,784
Offering expenses and fees related to issuance of membership units	$	(53,151	)	$	(54,794	)	$	(41,498	)	$	(21,345	)	$	(13,599	)	$	(19,400	)	$	-
Deemed contribution from Manager	$	-		$	8,827		$	-		$	-		$	-		$	1,695		$	30

F-158

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Avebury			Avondale			Badminton			Bandelier			Baron			Basil			Bayside
Cash flows from operating activities:
Net income (loss)	$	(16,431	)	$	(3,975	)	$	(9,474	)	$	(16,343	)	$	(11,935	)	$	(5,304	)	$	(6,157	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		3,995			-			3,505			4,170			8,229			2,784			3,525
Amortization		38			-			42			43			-			34			40
Changes in assets and liabilities:
Prepaid expenses		(1,258	)		(851	)		(602	)		(1,779	)		(1,656	)		(943	)		(3,082	)
Accrued expenses		3,972			3,343			3,379			3,139			7,920			2,775			4,818
Due from third party property managers		(7,177	)		-			(3,734	)		(6,107	)		(6,090	)		(1,401	)		(6,504	)
Due to (from) related party		20,858			1,464			5,356			20,044			14,572			3,170			2,575
Net cash provided by (used in) operating activities		3,996			-			(1,529	)		3,167			11,039			1,116			(4,784	)
Cash flows from financing activities:
Repayments of amounts due to related party		-			(333,970	)		-			-			-			-			-
Net proceeds from the issuance of membership units		-			359,466			-			-			-			-			-
Distributions		(2,503	)		-			(3,444	)		(2,360	)		(10,411	)		(2,836	)		(3,815	)
Net cash provided by (used in) financing activities		(2,503	)		25,496			(3,444	)		(2,360	)		(10,411	)		(2,836	)		(3,815	)
Net change in cash and cash equivalents		1,494			25,496			(4,973	)		807			629			(1,720	)		(8,599	)
Cash at beginning of period		1,134			-			15,849			13,098			19,732			9,670			18,745
Cash at end of period	$	2,628		$	25,496		$	10,875		$	13,904		$	20,361		$	7,951		$	10,147
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	225		$	-		$	-		$	50		$	-		$	89		$	114
Cash paid for interest	$	(3,971	)	$	-		$	(4,070	)	$	(4,789	)	$	-		$	(2,228	)	$	(3,873	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	285,263		$	331,707		$	244,997		$	340,510		$	566,714		$	194,692		$	246,508
Acquisition of property	$	285,263		$	331,707		$	244,997		$	340,510		$	566,714		$	194,692		$	246,508
Mortgage payable for acquisition of property	$	211,299		$	2,543		$	184,338		$	254,401		$	31,351		$	139,208		$	176,635
Offering expenses and fees related to issuance of membership units	$	(19,557	)	$	(29,554	)	$	(17,966	)	$	(21,747	)	$	(48,882	)	$	(15,082	)	$	(18,311	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-		$	-

F-159

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Bazzel			Bedford			Bella			Belle			Belvedere			Bergenia			Blossom
Cash flows from operating activities:
Net income (loss)	$	(7,245	)	$	(2,087	)	$	(985	)	$	(23,902	)	$	(8,029	)	$	(159	)	$	(5,752	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		3,763			3,847			-			6,042			-			-			3,495
Amortization		-			37			-			-			-			-			-
Changes in assets and liabilities:
Prepaid expenses		(1,035	)		(1,299	)		-			(1,885	)		(779	)		(721	)		(953	)
Accrued expenses		5,478			3,593			761			8,479			3,158			879			9,079
Due from third party property managers		(3,857	)		(9,255	)		-			(8,786	)		-			-			(3,817	)
Due to (from) related party		7,705			6,495			224			28,638			3,895			-			2,727
Net cash provided by (used in) operating activities		4,809			1,331			-			8,587			-			0			4,779
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			(298,830	)		-			-
Net proceeds from the issuance of membership units		-			-			-			-			322,875			-			-
Distributions		(4,360	)		(3,421	)		-			(6,528	)		-			-			(7,326	)
Net cash provided by (used in) financing activities		(4,360	)		(3,421	)		-			(6,528	)		24,045			-			(7,326	)
Net change in cash and cash equivalents		449			(2,090	)		-			2,059			24,045			0			(2,547	)
Cash at beginning of period		14,346			19,399			-			471			-			-			27,514
Cash at end of period	$	14,795		$	17,309		$	-		$	2,530		$	24,045		$	0		$	24,967
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	116		$	-		$	250		$	-		$	-		$	-
Cash paid for interest	$	-		$	(3,835	)	$	-		$	-		$	-		$	-		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	262,450		$	274,739		$	308,439		$	432,007		$	297,105		$	-		$	250,482
Acquisition of property	$	262,450		$	274,739		$	308,439		$	432,007		$	297,105		$	-		$	250,482
Mortgage payable for acquisition of property	$	29,461		$	206,792		$	309,424		$	14,820		$	5,327		$	879		$	12,913
Offering expenses and fees related to issuance of membership units	$	(22,248	)	$	(19,315	)	$	-		$	(38,162	)	$	(26,835	)	$	-		$	(22,742	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-		$	-

F-160

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Bonneau			Brainerd			Braxton			Brennan			Brooklyn			Burlington			Butter
Cash flows from operating activities:
Net income (loss)	$	(17,885	)	$	(7,007	)	$	(19,908	)	$	(21,102	)	$	(15,211	)	$	(12,309	)	$	(17,762	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		5,137			3,998			4,458			3,115			2,802			8,916			5,190
Amortization		-			423			493			65			242			-			45
Changes in assets and liabilities:
Prepaid expenses		(2,034	)		(1,085	)		(1,323	)		(1,900	)		(820	)		(3,523	)		(2,911	)
Accrued expenses		8,125			8,978			10,930			2,425			5,615			8,271			5,311
Due from third party property managers		(6,793	)		(6,436	)		(4,914	)		(2,133	)		-			(9,901	)		(11,232	)
Due to (from) related party		18,069			3,914			5,736			19,530			(4,803	)		6,825			21,517
Net cash provided by (used in) operating activities		4,618			2,785			(4,527	)		-			(2,340	)		(1,721	)		157
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			(78,448	)		-			-			-
Net proceeds from the issuance of membership units		-			-			(100	)		90,822			99			-			(2,500	)
Distributions		(6,263	)		(3,671	)		(9,880	)		(849	)		(2,466	)		(11,597	)		(3,989	)
Net cash provided by (used in) financing activities		(6,263	)		(3,671	)		(9,980	)		11,524			(2,367	)		(11,597	)		(6,489	)
Net change in cash and cash equivalents		(1,645	)		(886	)		(14,506	)		11,524			(4,707	)		(13,318	)		(6,332	)
Cash at beginning of period		6,661			8,705			27,902			2,706			10,118			17,715			12,333
Cash at end of period	$	5,016		$	7,819		$	13,396		$	14,230		$	5,411		$	4,397		$	6,000
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	204		$	-		$	223		$	60		$	-		$	146
Cash paid for interest	$	-		$	(4,737	)	$	(493	)	$	(4,495	)	$	(2,712	)	$	-		$	(5,130	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	334,508		$	292,032		$	318,297		$	225,570		$	172,195		$	636,000		$	366,775
Acquisition of property	$	334,508		$	292,032		$	318,297		$	225,570		$	172,195		$	636,000		$	366,775
Mortgage payable for acquisition of property	$	16,754		$	145,717		$	17,831		$	176,828		$	80,874		$	24,259		$	279,691
Offering expenses and fees related to issuance of membership units	$	(29,826	)	$	(21,696	)	$	(28,206	)	$	(15,358	)	$	(12,671	)	$	(56,149	)	$	(23,211	)
Deemed contribution from Manager	$	-		$	-		$	-		$	(2,443	)	$	-		$	-		$	-

F-161

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Camino			Campbell			Cawley			Centennial			Chaparral			Chelsea			Chester
Cash flows from operating activities:
Net income (loss)	$	(3,011	)	$	(63,841	)	$	(3,881	)	$	(11,493	)	$	2,020		$	(10,858	)	$	(16,415	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		3,644			1,421.54			-			3,917			2,700			4,234			5,944
Amortization		-			-			-			44			79			39			-
Changes in assets and liabilities:
Prepaid expenses		(838	)		-			-			(406	)		(637	)		(2,341	)		(897	)
Accrued expenses		8,145			662.50			2,309			3,009			5,774			4,593			3,825
Due from third party property managers		(5,269	)		(9,738.36	)		-			(3,774	)		(2,441	)		(6,235	)		(6,235	)
Due to (from) related party		3,398			71,044			(1,210	)		9,642			(3,507	)		15,448			16,517
Net cash provided by (used in) operating activities		6,069			(451	)		(0	)		940			3,988			4,880			2,739
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			-			-
Distributions		(7,137	)		-			-			(2,839	)		(4,192	)		(3,299	)		(2,732	)
Net cash provided by (used in) financing activities		(7,137	)		-			-			(2,839	)		(4,192	)		(3,299	)		(2,732	)
Net change in cash and cash equivalents		(1,068	)		(451	)		(0	)		(1,899	)		(204	)		1,580			7
Cash at beginning of period		18,534			451			-			13,328			17,171			2,482			4,224
Cash at end of period	$	17,466		$	-		$	(0	)	$	11,429		$	16,968		$	4,062		$	4,231
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	60		$	-		$	-		$	510		$	-		$	225		$	488
Cash paid for interest	$	-		$	-		$	-		$	(4,438	)	$	(2,154	)	$	(4,215	)	$	(6,161	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	260,564		$	-		$	316,203		$	273,657		$	185,790		$	302,263		$	369,193
Acquisition of property	$	260,564		$	-		$	316,203		$	273,657		$	185,790		$	302,263		$	369,193
Mortgage payable for acquisition of property	$	10,355		$	70,419		$	317,302		$	198,741		$	117,385		$	215,768		$	179,691
Offering expenses and fees related to issuance of membership units	$	(23,218	)	$	-		$	-		$	(11,055	)	$	(3,144	)	$	(21,053	)	$	(27,595	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-		$	-

F-162

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Chickamauga			Chinook			Chitwood			Clover			Coatbridge			Collier			Collinston
Cash flows from operating activities:
Net income (loss)	$	(3,528	)	$	(1,102	)	$	(8,431	)	$	(4,156	)	$	(15,625	)	$	(18,034	)	$	(27,649	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		5,129			-			5,255			4,397			3,730			4,879			2,906
Amortization		-			-			-			-			42			-			30
Changes in assets and liabilities:
Prepaid expenses		(1,535	)		-			(980	)		(1,210	)		(1,395	)		(956	)		(744	)
Accrued expenses		8,864			2,219			10,046			9,628			3,482			5,247			1,984
Due from third party property managers		(6,476	)		-			(6,740	)		(5,895	)		(4,948	)		(4,813	)		(8,010	)
Due to (from) related party		(2,455	)		(1,219	)		8,690			4,250			7,338			24,183			32,505
Net cash provided by (used in) operating activities		-			(0	)		7,840			7,014			(7,375	)		10,507			1,022
Cash flows from financing activities:
Repayments of amounts due to related party		(368,035	)		-			-			-			-			-			-
Net proceeds from the issuance of membership units		398,181			-			-			-			-			(100	)		-
Distributions		(9,478	)		-			(8,389	)		(8,714	)		(3,403	)		(6,529	)		(1,430	)
Net cash provided by (used in) financing activities		20,668			-			(8,389	)		(8,714	)		(3,403	)		(6,629	)		(1,430	)
Net change in cash and cash equivalents		20,668			(0	)		(549	)		(1,700	)		(10,779	)		3,878			(408	)
Cash at beginning of period		-			-			10,706			20,929			16,300			5,567			1,164
Cash at end of period	$	20,668		$	(0	)	$	10,157		$	19,229		$	5,521		$	9,444		$	756
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	346		$	-		$	-		$	96		$	121		$	523		$	510
Cash paid for interest	$	-		$	-		$	-		$	-		$	(4,778	)	$	-		$	(2,674	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	370,044		$	306,915		$	375,740		$	314,353		$	260,852		$	348,824		$	203,911
Acquisition of property	$	370,044		$	306,915		$	375,740		$	314,353		$	260,852		$	348,824		$	203,911
Mortgage payable for acquisition of property	$	13,123		$	307,915		$	9,069		$	8,102		$	185,214		$	17,162		$	156,208
Offering expenses and fees related to issuance of membership units	$	(32,599	)	$	-		$	(33,450	)	$	(28,647	)	$	(19,270	)	$	(31,054	)	$	(15,631	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-		$	-

F-163

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Conway			Cove			Creekside			Creekwood			Cumberland			Cupcake			Cypress
Cash flows from operating activities:
Net income (loss)	$	(32,853	)	$	(2,903	)	$	(2,328	)	$	(10,173	)	$	(1,926	)	$	(563	)	$	(19,687	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		9,454			963			4,260			3,975			4,059			3,275			5,011
Amortization		493			-			-			-			-			61			-
Changes in assets and liabilities:
Prepaid expenses		(2,255	)		(927	)		(1,057	)		(2,405	)		(880	)		(467	)		(3,945	)
Accrued expenses		9,195			3,249			10,452			2,911			6,428			3,727			4,644
Due from third party property managers		(8,598	)		(4,471	)		(5,908	)		(7,051	)		(4,945	)		(1,458	)		(13,581	)
Due to (from) related party		29,583			4,089			3,985			15,951			6,487			120			30,910
Net cash provided by (used in) operating activities		5,020			-			9,403			3,207			9,222			4,696			3,352
Cash flows from financing activities:
Repayments of amounts due to related party		-			(212,288	)		-			-			-			-			-
Net proceeds from the issuance of membership units		-			227,408			(1,200	)		-			-			-			-
Distributions		(11,733	)		-			(8,288	)		(2,135	)		(7,251	)		(4,302	)		(2,953	)
Net cash provided by (used in) financing activities		(11,733	)		15,120			(9,488	)		(2,135	)		(7,251	)		(4,302	)		(2,953	)
Net change in cash and cash equivalents		(6,713	)		15,120			(85	)		1,071			1,970			394			399
Cash at beginning of period		18,351			-			18,793			29			17,990			10,468			987
Cash at end of period	$	11,638		$	15,120		$	18,709		$	1,100		$	19,960		$	10,862		$	1,386
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	1,026		$	60		$	153		$	60		$	445		$	164		$	200
Cash paid for interest	$	(493	)	$	-		$	-		$	(4,795	)	$	-		$	(2,814	)	$	(6,045	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	674,597		$	210,970		$	305,460		$	287,849		$	290,897		$	220,967		$	362,988
Acquisition of property	$	674,597		$	210,970		$	305,460		$	287,849		$	290,897		$	220,967		$	362,988
Mortgage payable for acquisition of property	$	32,255		$	6,093		$	15,255		$	136,912		$	9,112		$	155,556		$	188,287
Offering expenses and fees related to issuance of membership units	$	(59,057	)	$	(18,922	)	$	(27,252	)	$	(21,582	)	$	(25,734	)	$	(16,326	)	$	(27,504	)
Deemed contribution from Manager	$	-		$	890		$	-		$	-		$	-		$	-		$	-

F-164

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Daisy			Davidson			Dawson			Delta			Dewberry			Diablo			Dogwood
Cash flows from operating activities:
Net income (loss)	$	(5,640	)	$	(17,248	)	$	(19,773	)	$	(48,719	)	$	(11,975	)	$	(41,923	)	$	(3,100	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		4,138			2,909			3,617			4,749			2,613			2,380			3,320
Amortization		-			31			37			41			33			38			-
Changes in assets and liabilities:
Prepaid expenses		(969	)		(1,925	)		(2,015	)		(2,296	)		(24	)		(1,255	)		(1,107	)
Accrued expenses		7,201			2,268			2,896			2,811			2,526			4,805			6,891
Due from third party property managers		(5,248	)		(2,985	)		(5,321	)		-			(6,479	)		(4,809	)		(5,700	)
Due to (from) related party		7,424			18,365			19,791			41,024			13,670			43,326			2,274
Net cash provided by (used in) operating activities		6,906			1,416			(768	)		2,321			364			2,562			2,579
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			-			(100	)
Distributions		(6,989	)		(1,387	)		(2,302	)		(2,321	)		(2,382	)		(1,806	)		(5,577	)
Net cash provided by (used in) financing activities		(6,989	)		(1,387	)		(2,302	)		(2,321	)		(2,382	)		(1,806	)		(5,677	)
Net change in cash and cash equivalents		(83	)		30			(3,071	)		-			(2,019	)		756			(3,099	)
Cash at beginning of period		16,955			4,997			3,688			329			4,997			-			18,140
Cash at end of period	$	16,872		$	5,026		$	617		$	329		$	2,978		$	756		$	15,041
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	153		$	-		$	614		$	125		$	92		$	50		$	73
Cash paid for interest	$	-		$	(2,879	)	$	(3,419	)	$	(4,435	)	$	(2,836	)	$	(4,067	)	$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	295,867		$	204,663		$	221,927		$	333,609		$	182,711		$	291,980		$	236,054
Acquisition of property	$	295,867		$	204,663		$	221,927		$	333,609		$	182,711		$	291,980		$	236,054
Mortgage payable for acquisition of property	$	11,483		$	157,227		$	162,867		$	260,853		$	129,778		$	237,316		$	12,878
Offering expenses and fees related to issuance of membership units	$	(26,245	)	$	(15,314	)	$	(16,537	)	$	(22,611	)	$	(14,404	)	$	(20,790	)	$	(21,063	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-		$	-

F-165

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Dolittle			Dolly			Dops			Dorchester			Dunbar			Eagle			Eastfair
Cash flows from operating activities:
Net income (loss)	$	(10,753	)	$	(37,501	)	$	(6,667	)	$	(21,096	)	$	(32,292	)	$	(8,522	)	$	948
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:								-
Depreciation		4,221			9,477			2,341			4,727			4,430			3,707			2,956
Amortization		38			-			-			-			-			57			38
Changes in assets and liabilities:								-
Prepaid expenses		(1,418	)		(1,890	)		(861	)		(2,548	)		(578	)		(1,781	)		(1,630	)
Accrued expenses		4,374			9,382			5,415			5,913			4,334			3,865			4,018
Due from third party property managers		(8,038	)		(8,481	)		(2,993	)		(6,356	)		(2,658	)		(1,501	)		(5,695	)
Due to (from) related party		2,446			26,553			(21,568	)		22,105			28,855			11,168			(659	)
Net cash provided by (used in) operating activities		(9,128	)		(2,461	)		-			2,746			2,091			6,993			(24	)
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			(205,723	)		-			-			-			-
Net proceeds from the issuance of membership units		-			(2,500	)		221,871			-			(100	)		-			-
Distributions		(3,075	)		(11,092	)		(2,647	)		(6,012	)		(4,449	)		(3,894	)		(2,881	)
Net cash provided by (used in) financing activities		(3,075	)		(13,592	)		13,501			(6,012	)		(4,549	)		(3,894	)		(2,881	)
Net change in cash and cash equivalents		(12,203	)		(16,054	)		13,501			(3,266	)		(2,458	)		3,099			(2,905	)
Cash at beginning of period		18,533			23,914			-			10,872			2,823			2,681			16,361
Cash at end of period	$	6,330		$	7,860		$	13,501		$	7,606		$	365		$	5,781		$	13,456
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	143		$	964		$	60		$	-		$	496		$	153		$	83
Cash paid for interest	$	(4,060	)	$	-		$	-		$	-		$	-		$	(4,529	)	$	(3,506	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	297,215		$	677,458		$	203,389		$	337,973		$	315,999		$	269,759		$	206,751
Acquisition of property	$	297,215		$	677,458		$	203,389		$	337,973		$	315,999		$	269,759		$	206,751
Mortgage payable for acquisition of property	$	218,491		$	25,617		$	8,025		$	16,556		$	18,888		$	126,483		$	160,912
Offering expenses and fees related to issuance of membership units	$	(20,977	)	$	(59,958	)	$	(18,769	)	$	(30,687	)	$	(28,056	)	$	(20,184	)	$	(10,926	)
Deemed contribution from Manager	$	-		$	-		$	(262	)	$	-		$	-		$	-		$	-

F-166

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Elevation			Ella			Ellen			Elm			Emporia			Ensenada			Falcon
Cash flows from operating activities:
Net income (loss)	$	(23,676	)	$	(14,977	)	$	(557	)	$	(8,177	)	$	(27,044	)	$	(22,908	)	$	(7,614	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		3,657			2,391			-			2,300			4,918			6,666			3,723
Amortization		34			25			-			26			43			62			57
Changes in assets and liabilities:
Prepaid expenses		(1,417	)		(912	)		-			(2,012	)		(1,552	)		(2,005	)		(1,875	)
Accrued expenses		2,453			7,565			-			2,264			2,909			5,774			4,853
Due from third party property managers		(7,847	)		(5,052	)		-			(6,956	)		(4,547	)		(10,081	)		(5,828	)
Due to (from) related party		19,567			10,960			557			11,025			21,556			23,253			10,421
Net cash provided by (used in) operating activities		(7,230	)		-			-			(1,530	)		(3,716	)		762			3,737
Cash flows from financing activities:
Repayments of amounts due to related party		-			(267,751	)		-			-			-			-			-
Net proceeds from the issuance of membership units		-			283,479			-			-			(100	)		-			-
Distributions		(2,011	)		(3,374	)		-			(2,053	)		(2,288	)		(5,087	)		(3,688	)
Net cash provided by (used in) financing activities		(2,011	)		12,355			-			(2,053	)		(2,388	)		(5,087	)		(3,688	)
Net change in cash and cash equivalents		(9,241	)		12,355			-			(3,582	)		(6,104	)		(4,325	)		49
Cash at beginning of period		11,215			-			-			7,318			7,584			24,616			8,945
Cash at end of period	$	1,974		$	12,355		$	-		$	3,735		$	1,479		$	20,290		$	8,994
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	121		$	-		$	-		$	81		$	125		$	-		$	153
Cash paid for interest	$	(4,240	)	$	(4,049	)	$	-		$	(1,887	)	$	(4,790	)	$	(7,656	)	$	(4,529	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	254,980		$	262,459		$	-		$	159,547		$	344,114		$	543,683		$	270,595
Acquisition of property	$	254,980		$	262,459		$	-		$	159,547		$	344,114		$	543,683		$	270,595
Mortgage payable for acquisition of property	$	185,307		$	14,728		$	-		$	116,010		$	252,368		$	407,087		$	135,762
Offering expenses and fees related to issuance of membership units	$	(18,777	)	$	(23,221	)	$	-		$	(12,901	)	$	(23,875	)	$	(33,007	)	$	(20,618	)
Deemed contribution from Manager	$	-		$	896		$	-		$	-		$	-		$	-		$	-

F-167

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Felix			Fenwick			Folly			Forest			Foster			Franklin			Gardens
Cash flows from operating activities:
Net income (loss)	$	(841	)	$	(2,304	)	$	(18,557	)	$	(37,196	)	$	(1,275	)	$	(1,371	)	$	(6,481	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		-			-			5,126			4,823			-			-			3,031
Amortization		-			-			-			41			-			-			30
Changes in assets and liabilities:
Prepaid expenses		-			-			(2,208	)		(3,741	)		(817	)		-			(1,875	)
Accrued expenses		786			2,122			11,015			5,011			3,687			2,099			2,929
Due from third party property managers		-			(1,116	)		(7,083	)		(11,098	)		-			-			(10,301	)
Due to (from) related party		55			1,299			19,267			40,985			(1,595	)		(728	)		17,648
Net cash provided by (used in) operating activities		0			0			7,559			(1,176	)		(0	)		0			4,981
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			-			-
Distributions		-			-			(5,799	)		(3,733	)		-			-			(2,645	)
Net cash provided by (used in) financing activities		-			-			(5,799	)		(3,733	)		-			-			(2,645	)
Net change in cash and cash equivalents		0			0			1,760			(4,909	)		(0	)		0			2,336
Cash at beginning of period		-			-			8,390			5,242			-			-			3,979
Cash at end of period	$	0		$	0		$	10,150		$	333		$	(0	)	$	0		$	6,315
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	-		$	-		$	157		$	-		$	-		$	60
Cash paid for interest	$	-		$	-		$	-		$	(5,302	)	$	-		$	-		$	(3,271	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	249,528		$	302,140		$	313,243		$	335,921		$	315,843		$	300,987		$	216,984
Acquisition of property	$	249,528		$	302,140		$	313,243		$	335,921		$	315,843		$	300,987		$	216,984
Mortgage payable for acquisition of property	$	250,257		$	305,173		$	27,748		$	249,896		$	317,712		$	302,245		$	147,903
Offering expenses and fees related to issuance of membership units	$	-		$	-		$	(27,742	)	$	(21,312	)	$	-		$	-		$	(15,259	)
Deemed contribution from Manager	$	-		$	388		$	-		$	-		$	82		$	-		$	-

F-168

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	General			Goose			Grant			Greenhill			Gretal			Grove			Hadden
Cash flows from operating activities:
Net income (loss)	$	(780	)	$	(8,556	)	$	(21,050	)	$	(5,482	)	$	(21,527	)	$	(11,272	)	$	(7,613	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		-			3,455			4,451			4,444			6,213			4,401			2,981
Amortization		-			54			45			41			-			32			30
Changes in assets and liabilities:
Prepaid expenses		-			(2,028	)		(2,435	)		(2,251	)		(1,337	)		(1,493	)		(1,768	)
Accrued expenses		543			4,239			3,606			3,745			8,393			2,306			3,042
Due from third party property managers		-			(1,953	)		(4,832	)		(10,420	)		(4,178	)		(4,944	)		(4,914	)
Due to (from) related party		237			10,422			17,647			8,129			6,021			12,217			10,715
Net cash provided by (used in) operating activities		(0	)		5,634			(2,567	)		(1,795	)		(6,414	)		1,248			2,473
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			(250	)		-			(4,000	)		-			-			-
Distributions		-			(4,327	)		(3,723	)		(3,601	)		(9,416	)		(1,634	)		(3,179	)
Net cash provided by (used in) financing activities		-			(4,577	)		(3,723	)		(7,601	)		(9,416	)		(1,634	)		(3,179	)
Net change in cash and cash equivalents		(0	)		1,057			(6,289	)		(9,396	)		(15,830	)		(386	)		(706	)
Cash at beginning of period		-			9,998			16,831			17,898			35,493			1,780			10,521
Cash at end of period	$	(0	)	$	11,055		$	10,542		$	8,502		$	19,662		$	1,394		$	9,814
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	153		$	125		$	131		$	717		$	60		$	108
Cash paid for interest	$	-		$	(4,220	)	$	(5,063	)	$	(4,454	)	$	-		$	(3,773	)	$	(2,811	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	318,419		$	251,412		$	362,173		$	319,358		$	445,531		$	232,750		$	215,702
Acquisition of property	$	318,419		$	251,412		$	362,173		$	319,358		$	445,531		$	232,750		$	215,702
Mortgage payable for acquisition of property	$	319,175		$	125,891		$	267,012		$	237,740		$	13,958		$	167,598		$	149,696
Offering expenses and fees related to issuance of membership units	$	-		$	(18,948	)	$	(23,146	)	$	(21,805	)	$	(39,215	)	$	(15,333	)	$	(15,415	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-		$	-

F-169

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Hansard			Hansel			Harrison			Henry			Heritage			Heron			Highland
Cash flows from operating activities:
Net income (loss)	$	(6,153	)	$	(30,397	)	$	(16,844	)	$	(19,279	)	$	(20,795	)	$	(11,489	)	$	(10,775	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		3,475			5,564			6,278			5,912			4,506			4,474			3,942
Amortization		-			80			-			-			38			38			-
Changes in assets and liabilities:
Prepaid expenses		(1,046	)		(2,158	)		(1,915	)		(1,112	)		(2,790	)		(2,322	)		(718	)
Accrued expenses		7,302			4,145			5,767			9,858			2,472			4,658			9,130
Due from third party property managers		(6,671	)		(5,611	)		(8,696	)		(9,570	)		(18,591	)		(6,314	)		(6,713	)
Due to (from) related party		3,094			20,256			20,382			12,286			28,855			13,493			13,753
Net cash provided by (used in) operating activities		-			(8,120	)		4,971			(1,905	)		(6,305	)		2,537			8,620
Cash flows from financing activities:
Repayments of amounts due to related party		(304,256	)		-			-			-			-			-			-
Net proceeds from the issuance of membership units		325,432			-			(100	)		-			-			-			-
Distributions		(3,879	)		(4,274	)		(4,281	)		(7,130	)		(1,999	)		(2,285	)		(5,177	)
Net cash provided by (used in) financing activities		17,297			(4,274	)		(4,381	)		(7,130	)		(1,999	)		(2,285	)		(5,177	)
Net change in cash and cash equivalents		17,297			(12,394	)		590			(9,035	)		(8,304	)		251			3,442
Cash at beginning of period		-			26,990			3,443			19,176			12,257			561			-
Cash at end of period	$	17,297		$	14,596		$	4,033		$	10,141		$	3,953		$	813		$	3,442
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	100		$	608		$	604		$	250		$	-		$	-		$	-
Cash paid for interest	$	-		$	(6,771	)	$	(7,619	)	$	-		$	(4,859	)	$	(7,195	)	$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	301,561		$	404,439		$	456,122		$	422,678		$	291,006		$	287,119		$	281,854
Acquisition of property	$	301,561		$	404,439		$	456,122		$	422,678		$	291,006		$	287,119		$	281,854
Mortgage payable for acquisition of property	$	8,823		$	223,615		$	225,966		$	35,314		$	232,966		$	204,797		$	14,605
Offering expenses and fees related to issuance of membership units	$	(27,188	)	$	(28,926	)	$	(34,504	)	$	(35,965	)	$	(19,767	)	$	(19,789	)	$	(24,774	)
Deemed contribution from Manager	$	1,926		$	-		$	-		$	-		$	-		$	-		$	-

F-170

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Hines			Holcomb			Holland			Hollandaise			Holloway			Inglewood			Jack
Cash flows from operating activities:
Net income (loss)	$	(9,138	)	$	(13,245	)	$	(22,777	)	$	(24,031	)	$	(15,047	)	$	(36,601	)	$	(18,926	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		3,510			4,880			2,909			5,028			4,672			9,377			6,377
Amortization		-			-			31			44			49			493			49
Changes in assets and liabilities:
Prepaid expenses		(675	)		-			(2,022	)		(1,936	)		(1,919	)		(2,642	)		(1,920	)
Accrued expenses		5,034			8,164			2,079			3,428			4,149			7,763			3,383
Due from third party property managers		-			(17,660	)		(5,475	)		(13,553	)		(8,757	)		(10,489	)		(6,603	)
Due to (from) related party		7,507			17,859			26,699			35,482			12,756			13,576			19,150
Net cash provided by (used in) operating activities		6,239			(2	)		1,443			4,463			(4,097	)		(18,522	)		1,510
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			(100	)		-
Distributions		(5,320	)		(6,546	)		(1,516	)		(3,288	)		(4,574	)		(10,932	)		(3,119	)
Net cash provided by (used in) financing activities		(5,320	)		(6,546	)		(1,516	)		(3,288	)		(4,574	)		(11,032	)		(3,119	)
Net change in cash and cash equivalents		919			(6,548	)		(73	)		1,175			(8,670	)		(29,554	)		(1,609	)
Cash at beginning of period		10,080			19,039			2,472			2,675			18,012			32,769			7,161
Cash at end of period	$	10,999		$	12,491		$	2,399		$	3,850		$	9,342		$	3,215		$	5,552
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	404		$	250		$	510		$	856		$	148		$	905		$	891
Cash paid for interest	$	-		$	-		$	(2,879	)	$	(4,303	)	$	(5,160	)	$	(493	)	$	(6,384	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	259,330		$	347,896		$	204,178		$	358,832		$	326,223		$	668,980		$	420,391
Acquisition of property	$	259,330		$	347,896		$	204,178		$	358,832		$	326,223		$	668,980		$	420,391
Mortgage payable for acquisition of property	$	11,557		$	25,579		$	150,835		$	260,658		$	232,783		$	16,529		$	303,930
Offering expenses and fees related to issuance of membership units	$	(22,366	)	$	(30,935	)	$	(15,642	)	$	(24,036	)	$	(14,853	)	$	(58,640	)	$	(28,009	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-		$	-

F-171

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Jake			Jefferson			Jill			Johnny			June			Jupiter			Kawana
Cash flows from operating activities:
Net income (loss)	$	(19,045	)	$	(8,441	)	$	(16,453	)	$	(49,223	)	$	(45,850	)	$	(18,922	)	$	(10,137	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		8,093			3,148			5,461			8,049			8,049			2,906			3,786
Amortization		-			-			-			492			492			30			37
Changes in assets and liabilities:
Prepaid expenses		(2,292	)		(1,602	)		(3,923	)		(1,582	)		(1,583	)		(1,047	)		(1,969	)
Accrued expenses		8,364			6,585			4,016			7,561			13,064			2,118			3,274
Due from third party property managers		(9,673	)		(5,712	)		(5,936	)		(10,844	)		(10,210	)		(4,909	)		(6,047	)
Due to (from) related party		28,588			6,022			24,876			45,525			52,522			21,252			14,042
Net cash provided by (used in) operating activities		14,035			-			8,041			(22	)		16,483			1,427			2,985
Cash flows from financing activities:
Repayments of amounts due to related party		-			(277,992	)		-			-			-			-			-
Net proceeds from the issuance of membership units		(1,000	)		294,864			-			-			-			-			-
Distributions		(10,781	)		(3,515	)		(4,290	)		(9,981	)		(10,641	)		(1,680	)		(3,046	)
Net cash provided by (used in) financing activities		(11,781	)		13,357			(4,290	)		(9,981	)		(10,641	)		(1,680	)		(3,046	)
Net change in cash and cash equivalents		2,254			13,357			3,751			(10,003	)		5,842			(253	)		(61	)
Cash at beginning of period		17,446			-			648			34,856			5,677			6,229			836
Cash at end of period	$	19,700		$	13,357		$	4,399		$	24,853		$	11,519		$	5,976		$	775
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	100		$	644		$	939		$	939		$	500		$	174
Cash paid for interest	$	-		$	-		$	(6,669	)	$	(15,288	)	$	(15,288	)	$	(3,262	)	$	(3,766	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	577,299		$	273,048		$	399,496		$	575,336		$	575,336		$	203,931		$	270,350
Acquisition of property	$	577,299		$	273,048		$	399,496		$	575,336		$	575,336		$	203,931		$	270,350
Mortgage payable for acquisition of property	$	25,201		$	7,493		$	196,995		$	68,034		$	51,552		$	149,416		$	189,483
Offering expenses and fees related to issuance of membership units	$	(51,028	)	$	(24,636	)	$	(29,571	)	$	(50,527	)	$	(50,527	)	$	(15,942	)	$	(19,114	)
Deemed contribution from Manager	$	-		$	2,893		$	-		$	-		$	-		$	-		$	-

F-172

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Kennesaw			Kenny			KerriAnn			Kessler			Kingsley			Kirkwood			Korin
Cash flows from operating activities:
Net income (loss)	$	(13,224	)	$	(26,272	)	$	(32,276	)	$	(16,294	)	$	(10,714	)	$	(15,657	)	$	(5,511	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		5,836			9,477			4,686			4,111			4,290			3,592			3,823
Amortization		-			-			44			-			48			35			-
Changes in assets and liabilities:
Prepaid expenses		(1,365	)		(1,890	)		(860	)		(978	)		(946	)		(2,277	)		(818	)
Accrued expenses		8,374			9,400			2,820			2,427			3,974			3,237			7,881
Due from third party property managers		(21,876	)		(8,725	)		(7,801	)		(4,317	)		(6,686	)		(5,626	)		(6,075	)
Due to (from) related party		21,761			18,697			33,012			16,973			5,416			18,528			701
Net cash provided by (used in) operating activities		(493	)		688			(375	)		1,923			(4,618	)		1,832			-
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-			(276,604	)
Net proceeds from the issuance of membership units		-			-			-			-			-			-			298,785
Distributions		(7,286	)		(11,108	)		(2,045	)		(1,732	)		(3,912	)		(1,702	)		(3,893	)
Net cash provided by (used in) financing activities		(7,286	)		(11,108	)		(2,045	)		(1,732	)		(3,912	)		(1,702	)		18,288
Net change in cash and cash equivalents		(7,779	)		(10,420	)		(2,420	)		192			(8,530	)		130			18,288
Cash at beginning of period		17,930			24,406			14,504			2,740			17,910			1,921			-
Cash at end of period	$	10,151		$	13,986		$	12,084		$	2,932		$	9,380		$	2,050		$	18,288
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	250		$	970		$	510		$	-		$	123		$	501		$	-
Cash paid for interest	$	-		$	-		$	(4,655	)	$	(6,385	)	$	(5,020	)	$	(4,358	)	$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	417,307		$	677,458		$	329,731		$	261,890		$	302,556		$	257,751		$	276,149
Acquisition of property	$	417,307		$	677,458		$	329,731		$	261,890		$	302,556		$	257,751		$	276,149
Mortgage payable for acquisition of property	$	28,917		$	18,219		$	258,970		$	132,538		$	226,032		$	190,434		$	12,464
Offering expenses and fees related to issuance of membership units	$	(36,935	)	$	(59,955	)	$	(21,331	)	$	(19,181	)	$	(13,559	)	$	(17,616	)	$	(25,655	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-		$	(939	)

F-173

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Lallie			Lanier			Lannister			Latte			Lennox			Lierly			Lily
Cash flows from operating activities:
Net income (loss)	$	(18,291	)	$	(10,491	)	$	(17,811	)	$	(2,378	)	$	(4,098	)	$	1,106		$	(60,999	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		5,115			5,194			3,027			5,011			2,978			2,932			7,493
Amortization		53			45			51			-			36			96			51
Changes in assets and liabilities:
Prepaid expenses		(1,007	)		(2,881	)		(2,234	)		(1,375	)		(848	)		(686	)		(4,503	)
Accrued expenses		4,565			3,467			2,079			6,989			3,196			8,156			3,981
Due from third party property managers		(4,513	)		(8,996	)		(5,362	)		(8,178	)		(5,085	)		(1,685	)		(7,488	)
Due to (from) related party		14,445			5,119			18,479			6,234			(2,311	)		(8,436	)		60,699
Net cash provided by (used in) operating activities		367			(8,543	)		(1,773	)		6,303			(6,132	)		1,483			(767	)
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			(100	)		(100	)		-			-			-			-
Distributions		(3,171	)		(2,970	)		(1,520	)		(6,661	)		(3,390	)		(4,066	)		(3,607	)
Net cash provided by (used in) financing activities		(3,171	)		(3,070	)		(1,620	)		(6,661	)		(3,390	)		(4,066	)		(3,607	)
Net change in cash and cash equivalents		(2,804	)		(11,613	)		(3,392	)		(357	)		(9,522	)		(2,583	)		(4,374	)
Cash at beginning of period		4,816			24,791			4,232			17,864			21,323			21,568			41,852
Cash at end of period	$	2,013		$	13,178		$	839		$	17,506		$	11,801		$	18,985		$	37,478
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	143		$	125		$	60		$	105		$	461		$	153		$	-
Cash paid for interest	$	(5,614	)	$	(6,313	)	$	(3,588	)	$	-		$	(3,267	)	$	(2,645	)	$	(6,087	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	355,918		$	372,351		$	179,626		$	358,276		$	208,265		$	202,590		$	515,122
Acquisition of property	$	355,918		$	372,351		$	179,626		$	358,276		$	208,265		$	202,590		$	515,122
Mortgage payable for acquisition of property	$	256,808		$	272,818		$	125,792		$	15,429		$	147,754		$	144,890		$	411,412
Offering expenses and fees related to issuance of membership units	$	(25,108	)	$	(24,832	)	$	(12,585	)	$	(31,699	)	$	(15,959	)	$	(2,837	)	$	(31,566	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-		$	-

F-174

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Limestone			Litton			Longwoods			Lookout			Loretta			Louis			Louise
Cash flows from operating activities:
Net income (loss)	$	(10,638	)	$	(6,102	)	$	(1,546	)	$	(7,842	)	$	(16,930	)	$	(2,018	)	$	(6,067	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		4,023			4,413			-			4,741			9,445			-			3,789
Amortization		38			467			-			-			-			-			35
Changes in assets and liabilities:
Prepaid expenses		(945	)		(1,059	)		-			(973	)		(2,255	)		(104	)		(2,257	)
Accrued expenses		4,300			9,072			2,783			5,073			9,272			1,844			3,573
Due from third party property managers		(7,938	)		(6,119	)		-			(5,675	)		(9,511	)		-			(6,879	)
Due to (from) related party		10,883			1,874			(1,237	)		372			9,454			277			(1,446	)
Net cash provided by (used in) operating activities		(277	)		2,546			(0	)		(4,304	)		(524	)		(0	)		(9,251	)
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			(100	)		-			-			(100	)		-			-
Distributions		(4,524	)		(4,497	)		-			(5,805	)		(11,670	)		-			(3,705	)
Net cash provided by (used in) financing activities		(4,524	)		(4,597	)		-			(5,805	)		(11,770	)		-			(3,705	)
Net change in cash and cash equivalents		(4,800	)		(2,050	)		(0	)		(10,109	)		(12,293	)		(0	)		(12,956	)
Cash at beginning of period		14,859			10,902			-			15,181			23,875			-			22,275
Cash at end of period	$	10,059		$	8,852		$	(0	)	$	5,073		$	11,582		$	(0	)	$	9,318
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	128		$	236		$	-		$	531		$	1,044		$	-		$	60
Cash paid for interest	$	(4,533	)	$	(5,226	)	$	-		$	-		$	-		$	-		$	(4,017	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	281,950		$	322,302		$	271,468		$	338,224		$	674,211		$	271,384		$	271,130
Acquisition of property	$	281,950		$	322,302		$	271,468		$	338,224		$	674,211		$	271,384		$	271,130
Mortgage payable for acquisition of property	$	203,015		$	157,966		$	272,644		$	12,320		$	18,539		$	272,398		$	190,599
Offering expenses and fees related to issuance of membership units	$	(18,243	)	$	(23,986	)	$	-		$	(29,839	)	$	(59,065	)	$	-		$	(18,860	)
Deemed contribution from Manager	$	-		$	-		$	370		$	-		$	-		$	106		$	-

F-175

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Lovejoy			Luna			Lurleen			Madison			Mae			Magnolia			Malbec
Cash flows from operating activities:
Net income (loss)	$	(17,660	)	$	(5,049	)	$	(8,164	)	$	(26,284	)	$	(8,652	)	$	(18,528	)	$	(7,962	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		4,096			2,956			4,240			2,828			4,864			4,154			4,388
Amortization		38			38			275			47			-			71			67
Changes in assets and liabilities:
Prepaid expenses		(1,736	)		(781	)		(888	)		(702	)		(1,313	)		(1,175	)		(511	)
Accrued expenses		3,200			3,480			8,206			2,326			11,843			2,270			4,262
Due from third party property managers		(324	)		(3,655	)		-			-			(8,852	)		(17,611	)		-
Due to (from) related party		12,997			1,866			(3,669	)		20,649			6,398			29,403			509
Net cash provided by (used in) operating activities		611			(1,146	)		-			(1,137	)		4,286			(1,416	)		753
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			(124,795	)		-			-			-			-
Net proceeds from the issuance of membership units		-			-			136,159			-			(100	)		-			-
Distributions		(2,950	)		(3,052	)		(3,995	)		(1,905	)		(8,263	)		(1,795	)		(4,963	)
Net cash provided by (used in) financing activities		(2,950	)		(3,052	)		7,369			(1,905	)		(8,363	)		(1,795	)		(4,963	)
Net change in cash and cash equivalents		(2,339	)		(4,198	)		7,369			(3,042	)		(4,076	)		(3,211	)		(4,210	)
Cash at beginning of period		5,439			15,413			-			8,751			29,828			3,512			19,049
Cash at end of period	$	3,100		$	11,216		$	7,369		$	5,709		$	25,752		$	301		$	14,839
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	87		$	60		$	60		$	-		$	-		$	153
Cash paid for interest	$	(2,854	)	$	(3,506	)	$	(4,159	)	$	(4,038	)	$	-		$	(4,993	)	$	(4,891	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	288,761		$	206,751		$	229,336		$	204,505		$	347,771		$	255,337		$	306,842
Acquisition of property	$	288,761		$	206,751		$	229,336		$	204,505		$	347,771		$	255,337		$	306,842
Mortgage payable for acquisition of property	$	207,672		$	158,609		$	109,975		$	114,921		$	18,518		$	199,786		$	219,382
Offering expenses and fees related to issuance of membership units	$	(20,093	)	$	(15,516	)	$	(17,501	)	$	(15,721	)	$	(31,237	)	$	(17,286	)	$	(12,207	)
Deemed contribution from Manager	$	-		$	-		$	-		$	3,887		$	-		$	-		$	-

F-176

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Mammoth			Marcelo			Marie			Marietta			Marion			Marple			Martell
Cash flows from operating activities:
Net income (loss)	$	(12,854	)	$	(14,239	)	$	(6,465	)	$	(15,880	)	$	(1,749	)	$	(3,957	)	$	(9,195	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		4,686			3,911			3,664			4,131			-			-			-
Amortization		42			-			-			-			-			-			-
Changes in assets and liabilities:
Prepaid expenses		(2,301	)		(752	)		(939	)		(1,727	)		-			(556	)		(1,406	)
Accrued expenses		2,904			7,499			7,902			4,932			1,888			1,531			3,682
Due from third party property managers		(14,624	)		(5,330	)		(7,471	)		(6,370	)		-			-			-
Due to (from) related party		19,730			8,021			3,309			17,333			(139	)		2,982			6,920
Net cash provided by (used in) operating activities		(2,417	)		(891	)		-			2,420			(0	)		-			-
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			(320,608	)		-			-			(179,370	)		(263,700	)
Net proceeds from the issuance of membership units		-			(100	)		341,882			-			-			196,682			286,198
Distributions		(2,342	)		(7,430	)		(4,447	)		(3,663	)		-			-			-
Net cash provided by (used in) financing activities		(2,342	)		(7,530	)		16,827			(3,663	)		-			17,312			22,498
Net change in cash and cash equivalents		(4,759	)		(8,422	)		16,827			(1,243	)		(0	)		17,312			22,498
Cash at beginning of period		12,991			23,489			-			1,248			-			-			-
Cash at end of period	$	8,233		$	15,067		$	16,827		$	5		$	(0	)	$	17,312		$	22,498
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	125		$	-		$	100		$	-		$	-		$	-		$	-
Cash paid for interest	$	(5,695	)	$	-		$	-		$	(5,039	)	$	-		$	-		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	335,210		$	280,303		$	317,808		$	301,655		$	256,645		$	176,869		$	261,963
Acquisition of property	$	335,210		$	280,303		$	317,808		$	301,655		$	256,645		$	176,869		$	261,963
Mortgage payable for acquisition of property	$	252,506		$	13,412		$	8,213		$	146,986		$	257,489		$	1,216		$	3,878
Offering expenses and fees related to issuance of membership units	$	(22,296	)	$	(25,117	)	$	(28,717	)	$	(23,300	)	$	-		$	(16,138	)	$	(23,662	)
Deemed contribution from Manager	$	-		$	-		$	3,438		$	-		$	333		$	376		$	-

F-177

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Mary			Matchingham			McGregor			McLovin			Meadow			Mimosa			Mojave
Cash flows from operating activities:
Net income (loss)	$	(4,619	)	$	(1,528	)	$	(13,352	)	$	(28,365	)	$	(29,680	)	$	(10,243	)	$	(4,336	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		-			2,913			4,132			6,219			4,410			2,956			3,525
Amortization		-			31			-			58			39			403			66
Changes in assets and liabilities:
Prepaid expenses		-			(762	)		(616	)		(1,711	)		(1,041	)		(798	)		(448	)
Accrued expenses		992			3,578			7,085			5,412			2,873			8,165			3,069
Due from third party property managers		-			(6,257	)		(5,903	)		(8,341	)		(3,576	)		(6,026	)		(1,691	)
Due to (from) related party		3,627			(2,154	)		11,090			23,184			28,366			17,049			4,908
Net cash provided by (used in) operating activities		0			(4,180	)		2,436			(3,543	)		1,391			11,506			5,092
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			(3,510	)		-
Distributions		-			(3,110	)		(6,600	)		(4,618	)		(2,303	)		(3,448	)		(3,425	)
Net cash provided by (used in) financing activities		-			(3,110	)		(6,600	)		(4,618	)		(2,303	)		(6,958	)		(3,425	)
Net change in cash and cash equivalents		0			(7,290	)		(4,164	)		(8,161	)		(912	)		4,549			1,667
Cash at beginning of period		-			20,963			11,409			16,279			4,686			-			5,449
Cash at end of period	$	0		$	13,673		$	7,246		$	8,118		$	3,774		$	4,549		$	7,116
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	91		$	577		$	-		$	510		$	60		$	153
Cash paid for interest	$	-		$	(2,867	)	$	-		$	(7,179	)	$	(4,203	)	$	(3,964	)	$	(3,731	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	273,703		$	204,602		$	294,052		$	511,644		$	309,475		$	212,468		$	236,016
Acquisition of property	$	273,703		$	204,602		$	294,052		$	511,644		$	309,475		$	212,468		$	236,016
Mortgage payable for acquisition of property	$	274,614		$	154,272		$	14,876		$	381,714		$	215,357		$	106,890		$	174,195
Offering expenses and fees related to issuance of membership units	$	-		$	(15,382	)	$	(26,551	)	$	(31,239	)	$	(20,029	)	$	(19,957	)	$	(17,249	)
Deemed contribution from Manager	$	675		$	-		$	-		$	-		$	-		$	-		$	-

F-178

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Murphy			Mycroft			Nugget			Odessa			Olive			Oly			Onyx
Cash flows from operating activities:
Net income (loss)	$	(8,147	)	$	(3,886	)	$	(7,786	)	$	(54,990	)	$	(13,935	)	$	(21,109	)	$	(1,410	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		4,085			-			7,694			7,332			3,689			6,265			-
Amortization		38			-			-			59			34			59			-
Changes in assets and liabilities:
Prepaid expenses		(1,315	)		(565	)		(1,684	)		(1,900	)		(1,395	)		(1,705	)		-
Accrued expenses		5,117			1,576			2,732			4,062			3,319			5,150			2,159
Due from third party property managers		(6,910	)		-			(8,089	)		(6,280	)		(6,785	)		(8,699	)		-
Due to (from) related party		5,677			2,874			10,052			50,566			12,451			18,869			(742	)
Net cash provided by (used in) operating activities		(1,454	)		-			2,919			(1,150	)		(2,622	)		(1,171	)		7
Cash flows from financing activities:
Repayments of amounts due to related party		-			(183,370	)		-			-			-			-			-
Net proceeds from the issuance of membership units		-			200,772			-			-			-			-			-
Distributions		(3,917	)		-			(10,051	)		(3,282	)		(3,686	)		(4,587	)		-
Net cash provided by (used in) financing activities		(3,917	)		17,402			(10,051	)		(3,282	)		(3,686	)		(4,587	)		-
Net change in cash and cash equivalents		(5,371	)		17,402			(7,132	)		(4,432	)		(6,308	)		(5,757	)		7
Cash at beginning of period		20,675			-			18,287			8,131			10,245			20,613			-
Cash at end of period	$	15,304		$	17,402		$	11,154		$	3,699		$	3,937		$	14,856		$	7
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	120		$	-		$	-		$	-		$	135		$	-		$	-
Cash paid for interest	$	(4,054	)	$	-		$	-		$	(7,315	)	$	(2,950	)	$	(7,192	)	$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	287,622		$	180,876		$	548,801		$	514,908		$	226,563		$	512,231		$	327,464
Acquisition of property	$	287,622		$	180,876		$	548,801		$	514,908		$	226,563		$	512,231		$	327,464
Mortgage payable for acquisition of property	$	217,806		$	1,369		$	18,074		$	394,438		$	136,504		$	383,573		$	328,425
Offering expenses and fees related to issuance of membership units	$	(20,496	)	$	(16,448	)	$	(48,217	)	$	(31,604	)	$	(17,601	)	$	(31,214	)	$	-
Deemed contribution from Manager	$	-		$	252		$	-		$	-		$	-		$	-		$	283

F-179

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Oscar			Osceola			Osprey			Otoro			Palmer			Patrick			Peanut
Cash flows from operating activities:
Net income (loss)	$	(725	)	$	(7,603	)	$	(7,911	)	$	(48,002	)	$	(1,327	)	$	(3,975	)	$	(8,860	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		-			-			5,490			5,243			-			3,096			2,964
Amortization		-			-			-			47			-			33			31
Changes in assets and liabilities:
Prepaid expenses		-			-			(2,192	)		(994	)		-			(691	)		(833	)
Accrued expenses		789			2,406			13,816			2,760			2,083			5,621			2,610
Due from third party property managers		-			-			(9,295	)		(1,920	)		-			(1,382	)		(3,488	)
Due to (from) related party		(64	)		5,197			5,523			44,951			(756	)		(7,614	)		7,836
Net cash provided by (used in) operating activities		(0	)		(0	)		5,431			2,086			0			(4,911	)		261
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			-			-
Distributions		-			-			(6,448	)		(2,557	)		-			(3,053	)		(2,065	)
Net cash provided by (used in) financing activities		-			-			(6,448	)		(2,557	)		-			(3,053	)		(2,065	)
Net change in cash and cash equivalents		(0	)		(0	)		(1,016	)		(471	)		0			(7,965	)		(1,804	)
Cash at beginning of period		-			-			15,951			2,223			-			14,028			5,669
Cash at end of period	$	(0	)	$	(0	)	$	14,934		$	1,752		$	0		$	6,064		$	3,865
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	-		$	-		$	125		$	-		$	153		$	60
Cash paid for interest	$	-		$	-		$	-		$	(5,363	)	$	-		$	(2,139	)	$	(4,911	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	251,638		$	282,359		$	348,723		$	385,986		$	294,574		$	203,777		$	212,320
Acquisition of property	$	251,638		$	282,359		$	348,723		$	385,986		$	294,574		$	203,777		$	212,320
Mortgage payable for acquisition of property	$	252,363		$	283,271		$	23,386		$	301,370		$	295,714		$	119,822		$	149,277
Offering expenses and fees related to issuance of membership units	$	-		$	-		$	(30,838	)	$	(27,121	)	$	-		$	(3,417	)	$	(14,658	)
Deemed contribution from Manager	$	-		$	7		$	-		$	-		$	-		$	-		$	-

F-180

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Pearl			Pecan			Piedmont			Pinot			Pioneer			Plumtree			Point
Cash flows from operating activities:
Net income (loss)	$	(11,486	)	$	(671	)	$	(19,697	)	$	(5,163	)	$	(17,719	)	$	3,721		$	(15,246	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		7,498			2,863			5,255			4,429			7,845			2,768			5,250
Amortization		-			34			-			71			-			82			46
Changes in assets and liabilities:
Prepaid expenses		(1,548	)		(667	)		(1,059	)		(927	)		(1,907	)		(653	)		(2,972	)
Accrued expenses		9,280			6,864			3,571			4,290			5,981			7,049			3,516
Due from third party property managers		(2,654	)		(4,743	)		(6,780	)		-			(9,647	)		(3,041	)		(7,307	)
Due to (from) related party		(1,395	)		(4,444	)		21,543			(1,836	)		24,260			(4,282	)		15,116
Net cash provided by (used in) operating activities		(305	)		(765	)		2,833			864			8,812			5,645			(1,598	)
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			-			(400	)
Distributions		(11,075	)		(4,169	)		(2,835	)		(5,000	)		(8,482	)		(5,005	)		(3,343	)
Net cash provided by (used in) financing activities		(11,075	)		(4,169	)		(2,835	)		(5,000	)		(8,482	)		(5,005	)		(3,743	)
Net change in cash and cash equivalents		(11,380	)		(4,935	)		(2	)		(4,136	)		330			639			(5,341	)
Cash at beginning of period		34,369			21,146			3,075			20,217			16,528			22,430			17,871
Cash at end of period	$	22,990		$	16,212		$	3,072		$	16,081		$	16,858		$	23,069		$	12,530
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	929		$	153		$	200		$	153		$	-		$	153		$	773
Cash paid for interest	$	-		$	(2,228	)	$	(6,377	)	$	(4,945	)	$	-		$	(2,243	)	$	(6,405	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	534,885		$	196,048		$	381,910		$	309,812		$	575,882		$	190,351		$	376,380
Acquisition of property	$	534,885		$	196,048		$	381,910		$	309,812		$	575,882		$	190,351		$	376,380
Mortgage payable for acquisition of property	$	20,952		$	129,235		$	183,535		$	221,745		$	35,554		$	125,668		$	277,816
Offering expenses and fees related to issuance of membership units	$	(47,112	)	$	(3,207	)	$	(28,603	)	$	(12,303	)	$	(49,596	)	$	(3,267	)	$	(25,242	)
Deemed contribution from Manager	$	7,527		$	-		$	-		$	-		$	-		$	-		$	-

F-181

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Porthos			Quincy			Redondo			Regency			Reginald			Reynolds			Ribbonwalk
Cash flows from operating activities:
Net income (loss)	$	(1,902	)	$	(38,337	)	$	(20,180	)	$	(5,370	)	$	(32,032	)	$	(6,348	)	$	(36,391	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		-			7,515			4,309			3,161			6,826			5,905			4,395
Amortization		-			8			525			344			493			-			41
Changes in assets and liabilities:
Prepaid expenses		(2,371	)		(1,684	)		(1,025	)		(1,480	)		(1,384	)		(1,553	)		(1,431	)
Accrued expenses		5,926			6,655			9,770			12,999			9,358			9,897			2,799
Due from third party property managers		(1,915	)		(5,045	)		(7,186	)		(7,997	)		(10,990	)		(23,683	)		(2,272	)
Due to (from) related party		263			35,959			18,553			(1,657	)		41,308			15,779			33,056
Net cash provided by (used in) operating activities		(0	)		5,071			4,766			-			13,578			(2	)		196
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			(150,382	)		-			-			-
Net proceeds from the issuance of membership units		-			(200	)		(100	)		165,047			(200	)		-			-
Distributions		-			(8,816	)		(3,383	)		(4,114	)		(7,530	)		(7,865	)		(2,083	)
Net cash provided by (used in) financing activities		-			(9,016	)		(3,483	)		10,552			(7,730	)		(7,865	)		(2,083	)
Net change in cash and cash equivalents		(0	)		(3,946	)		1,283			10,552			5,849			(7,867	)		(1,887	)
Cash at beginning of period		-			27,074			1,721			-			2,299			17,087			7,106
Cash at end of period	$	(0	)	$	23,128		$	3,004		$	10,552		$	8,148		$	9,220		$	5,220
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	-		$	50		$	-		$	-		$	-		$	510
Cash paid for interest	$	-		$	(4,225	)	$	(5,742	)	$	(5,150	)	$	(493	)	$	-		$	(4,380	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	304,152		$	537,794		$	314,603		$	277,644		$	435,477		$	422,207		$	309,519
Acquisition of property	$	304,152		$	537,794		$	314,603		$	277,644		$	435,477		$	422,207		$	309,519
Mortgage payable for acquisition of property	$	310,104		$	34,030		$	162,433		$	141,340		$	35,511		$	23,759		$	238,683
Offering expenses and fees related to issuance of membership units	$	-		$	(47,405	)	$	(23,879	)	$	(21,933	)	$	(38,128	)	$	(37,282	)	$	(21,868	)
Deemed contribution from Manager	$	237		$	-		$	-		$	-		$	-		$	-		$	-

F-182

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Richardson			Ridge			Ritter			River			Riverwalk			Rooney			Roseberry
Cash flows from operating activities:
Net income (loss)	$	(11,556	)	$	(4,367	)	$	(37,983	)	$	(3,678	)	$	(11,560	)	$	(31,900	)	$	(6,966	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		4,325			2,992			6,932			3,662			5,427			4,422			4,513
Amortization		-			36			-			34			-			45			39
Changes in assets and liabilities:
Prepaid expenses		(1,105	)		(837	)		(1,761	)		(963	)		(974	)		(2,448	)		(1,725	)
Accrued expenses		9,644			3,189			6,337			3,932			6,686			3,715			4,860
Due from third party property managers		(5,010	)		(6,208	)		-			(7,288	)		(6,923	)		(5,905	)		(7,796	)
Due to (from) related party		11,575			(65	)		27,114			1,583			15,996			34,648			5,467
Net cash provided by (used in) operating activities		7,875			(5,260	)		639			(2,718	)		8,653			2,577			(1,608	)
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-			-
Net proceeds from the issuance of membership units		(200	)		-			-			-			(100	)		-			-
Distributions		(6,636	)		(3,120	)		(8,127	)		(4,066	)		(8,166	)		(2,499	)		(3,656	)
Net cash provided by (used in) financing activities		(6,836	)		(3,120	)		(8,127	)		(4,066	)		(8,266	)		(2,499	)		(3,656	)
Net change in cash and cash equivalents		1,039			(8,380	)		(7,488	)		(6,784	)		388			78			(5,264	)
Cash at beginning of period		16,699			17,882			14,795			21,045			12,003			3,150			11,158
Cash at end of period	$	17,738		$	9,501		$	7,308		$	14,261		$	12,390		$	3,228		$	5,894
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	153		$	99		$	-		$	118		$	604		$	50		$	50
Cash paid for interest	$	-		$	(3,680	)	$	-		$	(4,017	)	$	-		$	(5,591	)	$	(4,924	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	309,207		$	209,222		$	494,497		$	255,644		$	388,055		$	360,670		$	315,241
Acquisition of property	$	309,207		$	209,222		$	494,497		$	255,644		$	388,055		$	360,670		$	315,241
Mortgage payable for acquisition of property	$	13,248		$	149,280		$	22,499		$	182,701		$	15,490		$	272,946		$	223,675
Offering expenses and fees related to issuance of membership units	$	(27,497	)	$	(15,970	)	$	(43,974	)	$	(18,917	)	$	(34,495	)	$	(22,854	)	$	(19,062	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-		$	-

F-183

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Rosewood			Roxy			Saddlebred			Saint			Sajni			Salem			Salinas
Cash flows from operating activities:
Net income (loss)	$	(20,482	)	$	(24,913	)	$	(46,214	)	$	(4,136	)	$	(12,870	)	$	(4,559	)	$	(16,992	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		3,719			4,479			7,639			3,771			3,457			4,387			2,093
Amortization		36			40			54			39			-			68			-
Changes in assets and liabilities:
Prepaid expenses		(760	)		(718	)		(1,514	)		(1,119	)		(2,359	)		(1,288	)		(627	)
Accrued expenses		2,553			2,541			3,635			3,609			9,730			4,043			5,732
Due from third party property managers		(8,261	)		(6,226	)		(11,315	)		(6,515	)		(3,392	)		(4,832	)		(1,121	)
Due to (from) related party		23,443			27,333			47,541			3,188			5,433			470			10,916
Net cash provided by (used in) operating activities		248			2,537			(174	)		(1,164	)		-			(1,709	)		-
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			(316,004	)		-			(239,574	)
Net proceeds from the issuance of membership units		-			(400	)		-			-			323,300			-			251,086
Distributions		(1,811	)		(2,008	)		(2,967	)		(3,695	)		(4,204	)		(4,526	)		(2,990	)
Net cash provided by (used in) financing activities		(1,811	)		(2,408	)		(2,967	)		(3,695	)		3,092			(4,526	)		8,523
Net change in cash and cash equivalents		(1,563	)		129			(3,141	)		(4,859	)		3,092			(6,234	)		8,523
Cash at beginning of period		1,800			2,685			21,247			26,429			-			16,872			-
Cash at end of period	$	237		$	2,814		$	18,105		$	21,570		$	3,092		$	10,638		$	8,523
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	60		$	640		$	-		$	50		$	-		$	160		$	50
Cash paid for interest	$	(4,525	)	$	(5,277	)	$	(6,496	)	$	(4,146	)	$	-		$	(4,983	)	$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	266,831		$	321,168		$	470,712		$	313,014		$	313,136		$	306,884		$	228,134
Acquisition of property	$	266,831		$	321,168		$	470,712		$	313,014		$	313,136		$	306,884		$	228,134
Mortgage payable for acquisition of property	$	198,052		$	237,426		$	374,360		$	228,686		$	14,328		$	223,075		$	6,353
Offering expenses and fees related to issuance of membership units	$	(18,740	)	$	(21,459	)	$	(28,493	)	$	(21,267	)	$	(27,030	)	$	(12,085	)	$	(20,694	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	1,424		$	-		$	948

F-184

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Saturn			Scepter			Sequoyah			Shallowford			Shoreline			Sigma			Simon
Cash flows from operating activities:
Net income (loss)	$	(20,119	)	$	(23,977	)	$	(17,959	)	$	(24,899	)	$	(12,009	)	$	(16,732	)	$	(4,607	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		2,984			3,238			3,401			4,970			4,260			5,327			-
Amortization		30			36			362			-			48			46			-
Changes in assets and liabilities:
Prepaid expenses		(913	)		(1,146	)		(993	)		(1,504	)		(813	)		(1,353	)		-
Accrued expenses		2,003			2,376			8,283			6,877			3,692			3,838			1,603
Due from third party property managers		(3,762	)		(5,027	)		(4,830	)		(6,823	)		(6,100	)		(5,431	)		-
Due to (from) related party		19,993			21,745			6,741			26,855			8,833			(220	)		3,004
Net cash provided by (used in) operating activities		217			(2,755	)		(4,995	)		5,474			(2,090	)		(14,524	)		0
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			-			-
Distributions		(1,448	)		(1,743	)		(3,365	)		(3,898	)		(3,544	)		(3,396	)		-
Net cash provided by (used in) financing activities		(1,448	)		(1,743	)		(3,365	)		(3,898	)		(3,544	)		(3,396	)		-
Net change in cash and cash equivalents		(1,231	)		(4,499	)		(8,360	)		1,577			(5,633	)		(17,920	)		0
Cash at beginning of period		6,596			7,959			10,446			1,845			12,274			28,918			-
Cash at end of period	$	5,365		$	3,460		$	2,086		$	3,422		$	6,640		$	10,998		$	0
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	510		$	50		$	-		$	476		$	124		$	510		$	-
Cash paid for interest	$	(3,262	)	$	(3,698	)	$	(4,050	)	$	(5,996	)	$	(4,948	)	$	(5,268	)	$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	214,435		$	263,944		$	248,738		$	359,292		$	297,629		$	376,029		$	291,597
Acquisition of property	$	214,435		$	263,944		$	248,738		$	359,292		$	297,629		$	376,029		$	291,597
Mortgage payable for acquisition of property	$	154,576		$	199,641		$	127,718		$	184,938		$	218,470		$	280,373		$	293,075
Offering expenses and fees related to issuance of membership units	$	(15,940	)	$	(18,886	)	$	(18,777	)	$	(27,151	)	$	(13,668	)	$	(23,700	)	$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-		$	-

F-185

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Sims			Soapstone			Sodalis			Spencer			Splash			Spring			Stonebriar
Cash flows from operating activities:
Net income (loss)	$	(4,861	)	$	(41	)	$	(16,029	)	$	(10,124	)	$	(853	)	$	(5,960	)	$	(19,328	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		-			3,000			3,980			4,157			2,978			3,401			2,787
Amortization		-			96			-			45			12			-			29
Changes in assets and liabilities:
Prepaid expenses		-			(666	)		(809	)		(1,571	)		(798	)		(838	)		(683	)
Accrued expenses		2,162			7,979			4,436			5,994			5,033			7,857			2,349
Due from third party property managers		-			(1,936	)		(5,495	)		(7,602	)		(4,704	)		(5,185	)		(8,726	)
Due to (from) related party		2,699			(6,912	)		17,212			4,520			(2,359	)		6,219			24,520
Net cash provided by (used in) operating activities		-			1,519			3,295			(4,581	)		(692	)		5,494			948
Cash flows from financing activities:
Repayments of amounts due to related party		(276,650	)		-			-			-			-			-			-
Net proceeds from the issuance of membership units		289,893			-			-			-			-			-			-
Distributions		-			(3,601	)		(5,042	)		(4,425	)		(4,249	)		(5,463	)		(1,514	)
Net cash provided by (used in) financing activities		13,243			(3,601	)		(5,042	)		(4,425	)		(4,249	)		(5,463	)		(1,514	)
Net change in cash and cash equivalents		13,243			(2,081	)		(1,747	)		(9,006	)		(4,940	)		31			(567	)
Cash at beginning of period		-			18,435			6,342			16,586			17,449			11,480			1,421
Cash at end of period	$	13,243		$	16,354		$	4,595		$	7,580		$	12,509		$	11,512		$	855
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	153		$	-		$	127		$	3		$	-		$	60
Cash paid for interest	$	-		$	(2,561	)	$	-		$	(4,554	)	$	(2,366	)	$	-		$	(3,221	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	274,929		$	207,249		$	284,546		$	288,758		$	205,306		$	243,200		$	200,104
Acquisition of property	$	274,929		$	207,249		$	284,546		$	288,758		$	205,306		$	243,200		$	200,104
Mortgage payable for acquisition of property	$	1,828		$	141,892		$	10,930		$	207,653		$	135,917		$	10,777		$	152,133
Offering expenses and fees related to issuance of membership units	$	(24,558	)	$	(3,001	)	$	(25,554	)	$	(20,918	)	$	(9,672	)	$	(21,942	)	$	(14,028	)
Deemed contribution from Manager	$	1,053		$	-		$	-		$	-		$	-		$	-		$	-

F-186

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Sugar			Summerset			Sundance			Sunnyside			Swift			Taylor			Terracotta
Cash flows from operating activities:
Net income (loss)	$	(19,614	)	$	(13,242	)	$	(14,389	)	$	1,439		$	(2,530	)	$	(8,727	)	$	(15,455	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		4,279			3,505			5,104			2,533			5,287			3,680			3,787
Amortization		46			40			525			-			-			-			40
Changes in assets and liabilities:
Prepaid expenses		(1,992	)		(1,370	)		(1,025	)		(1,004	)		(397	)		(751	)		(1,021	)
Accrued expenses		3,891			3,016			15,334			5,922			9,421			2,689			3,501
Due from third party property managers		(7,180	)		(5,798	)		(17,656	)		(8,461	)		(23,725	)		(3,277	)		(6,406	)
Due to (from) related party		14,735			19,825			12,123			(428	)		15,493			8,336			13,997
Net cash provided by (used in) operating activities		(5,834	)		5,976			16			-			3,549			1,948			(1,558	)
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			(222,141	)		-			-			-
Net proceeds from the issuance of membership units		-			-			-			243,594			-			-			-
Distributions		(2,497	)		(1,867	)		(3,592	)		(3,162	)		(7,504	)		(2,071	)		(3,630	)
Net cash provided by (used in) financing activities		(2,497	)		(1,867	)		(3,592	)		18,290			(7,504	)		(2,071	)		(3,630	)
Net change in cash and cash equivalents		(8,331	)		4,109			(3,576	)		18,290			(3,954	)		(123	)		(5,188	)
Cash at beginning of period		20,024			1,043			10,726			-			11,245			2,567			13,875
Cash at end of period	$	11,694		$	5,152		$	7,151		$	18,290		$	7,291		$	2,444		$	8,687
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	144		$	111		$	50		$	60		$	250		$	60		$	50
Cash paid for interest	$	(5,354	)	$	(3,873	)	$	(5,742	)	$	-		$	-		$	(3,095	)	$	(4,353	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	299,096		$	244,913		$	323,148		$	220,349		$	340,653		$	233,173		$	313,982
Acquisition of property	$	299,096		$	244,913		$	323,148		$	220,349		$	340,653		$	233,173		$	313,982
Mortgage payable for acquisition of property	$	212,761		$	175,872		$	180,112		$	6,365		$	26,444		$	106,589		$	228,639
Offering expenses and fees related to issuance of membership units	$	(19,281	)	$	(18,225	)	$	(23,877	)	$	(19,946	)	$	(30,389	)	$	(17,420	)	$	(21,182	)
Deemed contribution from Manager	$	-		$	-		$	-		$	(556	)	$	-		$	-		$	-

F-187

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Theodore			Tulip			Tuscan			Tuscarora			Tuxford			Vernon			Walton
Cash flows from operating activities:
Net income (loss)	$	(1,828	)	$	(32,286	)	$	(3,483	)	$	(10,969	)	$	(24,548	)	$	(17,210	)	$	(50,169	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		-			4,363			4,439			3,826			3,601			6,031			4,123
Amortization		-			40			14			-			35			35			492
Changes in assets and liabilities:
Prepaid expenses		-			(937	)		(1,374	)		(976	)		(1,689	)		(1,000	)		(940	)
Accrued expenses		1,603			2,565			8,578			9,700			2,490			2,939			12,496
Due from third party property managers		-			(6,528	)		(4,599	)		(7,389	)		(5,685	)		(21,533	)		-
Due to (from) related party		225			35,358			(6,103	)		5,808			30,917			30,582			40,127
Net cash provided by (used in) operating activities		0			2,576			(2,528	)		-			5,122			(156	)		6,130
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			(334,565	)		-			-			-
Net proceeds from the issuance of membership units		-			-			-			360,177			-			-			-
Distributions		-			(2,242	)		(5,923	)		(3,511	)		(2,290	)		(2,438	)		(4,850	)
Net cash provided by (used in) financing activities		-			(2,242	)		(5,923	)		22,101			(2,290	)		(2,438	)		(4,850	)
Net change in cash and cash equivalents		0			333			(8,450	)		22,101			2,831			(2,594	)		1,280
Cash at beginning of period		-			771			18,855			-			746			6,224			483
Cash at end of period	$	0		$	1,104		$	10,405		$	22,101		$	3,577		$	3,630		$	1,763
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	60		$	153		$	50		$	-		$	109		$	153
Cash paid for interest	$	-		$	(5,310	)	$	(3,503	)	$	-		$	(3,493	)	$	(3,558	)	$	(10,173	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	289,427		$	312,193		$	306,284		$	332,679		$	257,191		$	252,162		$	296,353
Acquisition of property	$	289,427		$	312,193		$	306,284		$	332,679		$	257,191		$	252,162		$	296,353
Mortgage payable for acquisition of property	$	290,905		$	241,327		$	195,370		$	15,052		$	196,977		$	203,974		$	36,286
Offering expenses and fees related to issuance of membership units	$	-		$	(21,680	)	$	(13,037	)	$	(29,923	)	$	(18,176	)	$	(18,381	)	$	(26,286	)
Deemed contribution from Manager	$	-		$	-		$	-		$	1,971		$	-		$	-		$	-

F-188

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Wave			Weldon			Wellington			Wentworth			Wescott			Westchester			Wildwood
Cash flows from operating activities:
Net income (loss)	$	(36,020	)	$	(16,735	)	$	(10,632	)	$	(3,855	)	$	(20,461	)	$	(13,005	)	$	(8,053	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		4,569			2,906			6,139			3,417			3,765			4,687			3,031
Amortization		41			30			-			61			58			46			49
Changes in assets and liabilities:
Prepaid expenses		(983	)		(816	)		(1,007	)		(679	)		(721	)		(878	)		(600	)
Accrued expenses		2,409			2,086			10,314			3,695			2,791			4,749			2,568
Due from third party property managers		(4,609	)		(5,013	)		(13,756	)		(773	)		(5,423	)		(9,403	)		(8,493	)
Due to (from) related party		38,979			17,907			3,054			2,811			25,683			10,633			11,545
Net cash provided by (used in) operating activities		4,385			365			(5,889	)		4,677			5,693			(3,170	)		48
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-			-
Net proceeds from the issuance of membership units		(2,500	)		-			(200	)		-			-			-			-
Distributions		(2,118	)		(1,531	)		(8,021	)		(4,303	)		(2,664	)		(5,069	)		(2,494	)
Net cash provided by (used in) financing activities		(4,618	)		(1,531	)		(8,221	)		(4,303	)		(2,664	)		(5,069	)		(2,494	)
Net change in cash and cash equivalents		(233	)		(1,166	)		(14,109	)		374			3,029			(8,239	)		(2,446	)
Cash at beginning of period		1,737			10,131			27,539			8,400			1,739			20,902			8,765
Cash at end of period	$	1,504		$	8,964		$	13,430		$	8,775		$	4,768		$	12,663		$	6,319
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	125		$	510		$	250		$	153		$	481		$	172		$	423
Cash paid for interest	$	(4,380	)	$	(2,674	)	$	-		$	(3,129	)	$	(4,145	)	$	(5,055	)	$	(3,074	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	328,302		$	203,911		$	404,722		$	227,944		$	272,062		$	327,563		$	218,685
Acquisition of property	$	328,302		$	203,911		$	404,722		$	227,944		$	272,062		$	327,563		$	218,685
Mortgage payable for acquisition of property	$	257,515		$	149,929		$	15,771		$	161,325		$	151,530		$	211,106		$	114,854
Offering expenses and fees related to issuance of membership units	$	(22,188	)	$	(15,631	)	$	(35,430	)	$	(16,782	)	$	(20,365	)	$	(21,491	)	$	(16,342	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-		$	-

F-189

ARRIVED HOMES, LLC AND ITS SERIES
UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Willow			Wilson			Windsor			Winston			Wisteria			Consolidated
Cash flows from operating activities:
Net income (loss)	$	(5,368	)	$	(7,999	)	$	5,560		$	(3,896	)	$	(6,005	)	$	(3,246,171	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		4,025			5,861			4,809			4,519			4,076			901,791
Amortization		-			-			50			-			38			11,947
Changes in assets and liabilities:
Prepaid expenses		(1,058	)		(1,126	)		(3,224	)		(1,204	)		(981	)		(290,607	)
Accrued expenses		8,569			11,275			9,907			7,805			3,098			1,175,118
Due from third party property managers		(4,767	)		(6,417	)		(20,729	)		(7,341	)		(1,765	)		(1,318,012	)
Due to (from) related party		9,480			7,966			5,242			4,875			5,005			2,975,613
Net cash provided by (used in) operating activities		10,881			9,561			1,615			4,759			3,467			258,348
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			(5,235,057	)
Net proceeds from the issuance of membership units		(1,200	)		(100	)		-			(100	)		(100	)		5,595,011
Distributions		(6,116	)		(8,485	)		(4,957	)		(7,243	)		(2,554	)		(910,997	)
Net cash provided by (used in) financing activities		(7,316	)		(8,585	)		(4,957	)		(7,343	)		(2,654	)		(551,044	)
Net change in cash and cash equivalents		3,565			976			(3,342	)		(2,585	)		813			(292,696	)
Cash at beginning of period		965			18,254			19,324			20,935			15,575			2,322,195
Cash at end of period	$	4,530		$	19,230		$	15,982		$	18,351		$	16,388			2,029,499
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	153		$	153		$	144		$	98		$	60		$	42,994
Cash paid for interest	$	-		$	-		$	(5,311	)	$	-		$	(4,966	)	$	(628,272	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisiton of property	$	287,668		$	381,455		$	336,590		$	323,888		$	291,713		$	71,997,973
Acquisition of property	$	287,668		$	381,455		$	336,590		$	323,888		$	291,713		$	71,997,973
Mortgage payable for acquisition of property	$	1,251		$	16,785		$	246,822		$	9,097		$	212,802		$	32,931,465
Offering expenses and fees related to issuance of membership units	$	(25,515	)	$	(33,590	)	$	(20,300	)	$	(28,479	)	$	(20,097	)	$	(5,032,021	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	36,312

F-190

ARRIVED HOMES, LLC

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Apollo			Avebury			Chelsea			Clover			Dogwood			Gardens			Grove			Kawana			Lannister			Latte
Cash flows from operating activities:
Net income (loss)	$	(2,228	)	$	(7,344	)	$	(6,283	)	$	(1,070	)	$	(820	)	$	(4,268	)	$	(4,844	)	$	(7,634	)	$	(8,692	)	$	(1,534	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		-			1,998			2,117			-			-			1,010			1,034			1,893			610			-
Amortization		10			25			26			-			-			15			16			24			9			-
Changes in assets and liabilities:
Accounts receivable		-			-			-			-			-			-			-			-			-			-
Prepaid expenses		(1,414	)		(2,140	)		(4,755	)		(1,283	)		(1,143	)		(1,379	)		(1,616	)		(1,518	)		(1,740	)		(1,453	)
Due from related party		(8,703	)		(7,936	)		(11,907	)		-			-			-			(513	)		(14,363	)		(7,584	)		-
Accrued expenses		1,748			3,251			4,572			2,013			1,103			2,219			2,487			3,772			8,297			1,341
Due to related party		10,303			10,066			15,743			340			860			2,239			2,361			8,258			8,814			1,646
Net cash provided by (used in) operating activities		(284	)		(2,080	)		(487	)		-			-			(164	)		(1,076	)		(9,568	)		(286	)		(0	)
Cash flows from financing activities:
Repayments of amounts due to related party		(86,787	)		(119,585	)		(133,395	)		-			-			(103,457	)		(87,612	)		(113,044	)		(84,807	)		(396,579	)
Net proceeds from the issuance of membership units		90,258			124,968			136,194			-			-			115,038			104,049			125,760			94,872			412,523
Distributions		(456	)		(1,389	)		(1,651	)		-			-			(1,278	)		(526	)		(2,795	)		(479	)		-
Net cash provided by (used in) financing activities		3,015			3,994			1,148			-			-			10,303			15,912			9,921			9,586			15,944
Net change in cash and cash equivalents		2,731			1,914			661			-			-			10,139			14,836			353			9,300			15,944
Cash at beginning of period		-			-			-			-			-			-			-			-			-			-
Cash at end of period	$	2,731		$	1,914		$	661		$	-		$	-		$	10,139		$	14,836		$	353		$	9,300		$	15,944
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Cash paid for interest	$	1,036		$	2,775		$	2,946		$	-		$	-		$	1,801		$	1,954		$	2,860		$	864		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	60,871		$	89,978		$	94,990		$	332,453		$	242,125		$	85,783		$	69,939		$	85,121		$	61,731		$	367,463
Acquisition of property	$	197,371		$	292,978		$	310,481		$	332,453		$	242,125		$	222,283		$	227,439		$	277,621		$	177,231		$	367,463
Mortgage payable for acquisition of property	$	136,500		$	203,000		$	215,492		$	-		$	-		$	136,500		$	157,500		$	192,500		$	115,500		$	-
Offering expenses	$	2,147		$	3,005		$	3,267		$	-		$	-		$	2,327		$	2,102		$	2,994		$	2,067		$	8,349
Deemed contribution from Manager	$	555		$	1,027		$	1,294		$	-		$	-		$	180		$	901		$	373		$	425		$	-

F-191

ARRIVED HOMES, LLC

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Louise			Madison			Peanut			Rosewood			Stonebriar			Tulip			Wisteria			Chaparral			Cupcake			Lierly
Cash flows from operating activities:
Net income (loss)	$	(2,810	)	$	(2,455	)	$	(1,872	)	$	(8,856	)	$	(3,277	)	$	(6,711	)	$	(5,664	)	$	(1,325	)	$	695		$	641
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		1,263			-			988			620			465			1,454			1,359			2,700			3,275			2,932
Amortization		18			8			15			12			10			20			19			79			61			96
Changes in assets and liabilities:
Accounts receivable		-			-			-			-			-			-			-			-			-			-
Prepaid expenses		(1,830	)		(1,454	)		(1,685	)		(2,012	)		(1,793	)		(1,945	)		(2,360	)		331			445			396
Due from related party		-			(4,626	)		(5,908	)		(11,769	)		(9,448	)		(7,399	)		(276	)		-			4,007			-
Accrued expenses		2,947			2,655			886			6,546			2,293			3,216			2,738			2,985			3,316			3,723
Due to related party		11,881			6,119			6,981			14,202			10,955			16,950			2,850			5,107			(380	)		3,794
Net cash provided by (used in) operating activities		11,469			247			(595	)		(1,257	)		(795	)		5,585			(1,334	)		9,877			11,419			11,582
Cash flows from financing activities:
Repayments of amounts due to related party		(116,697	)		(127,544	)		(93,100	)		(117,200	)		(95,422	)		(137,410	)		(114,141	)		-			-			-
Net proceeds from the issuance of membership units		131,009			145,233			98,198			121,998			98,654			138,749			129,254			-			-			-
Distributions		(1,853	)		(880	)		(992	)		(616	)		(598	)		(1,822	)		(783	)		(5,344	)		(5,107	)		(4,917	)
Net cash provided by (used in) financing activities		12,459			16,809			4,106			4,182			2,634			(483	)		14,330			(5,344	)		(5,107	)		(4,917	)
Net change in cash and cash equivalents		23,928			17,056			3,511			2,925			1,839			5,102			12,996			4,533			6,312			6,665
Cash at beginning of period		-			-			-			-			-			-			-			13,754			6,540			15,054
Cash at end of period	$	23,928		$	17,056		$	3,511		$	2,925		$	1,839		$	5,102		$	12,996		$	18,287		$	12,852		$	21,719
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Cash paid for interest	$	2,322		$	804		$	1,419		$	1,895		$	1,347		$	2,928		$	2,574		$	2,156		$	2,753		$	2,710
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	95,856		$	104,860		$	70,385		$	83,722		$	69,985		$	98,059		$	91,441		$	-		$	-		$	-
Acquisition of property	$	277,856		$	207,360		$	217,385		$	272,722		$	204,385		$	319,959		$	298,918		$	-		$	-		$	-
Mortgage payable for acquisition of property	$	182,000		$	102,500		$	147,000		$	189,000		$	134,400		$	221,900		$	207,477		$	-		$	-		$	-
Offering expenses	$	2,748		$	2,934		$	2,266		$	2,908		$	2,182		$	3,328		$	2,611		$	-		$	-		$	-
Deemed contribution from Manager	$	332		$	489		$	194		$	399		$	309		$	293		$	1,458		$	-		$	-		$	-

F-192

ARRIVED HOMES, LLC

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Malbec			Mojave			Patrick			Pecan			Pinot			Plumtree			Salem			Soapstone			Splash			Tuscan
Cash flows from operating activities:
Net income (loss)	$	111		$	181		$	(1,743	)	$	551		$	122		$	484		$	(531	)	$	23		$	419		$	270
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		4,388			3,525			2,886			2,863			4,429			2,768			4,387			3,000			2,978			4,439
Amortization		67			66			33			34			71			82			68			96			12			14
Changes in assets and liabilities:
Accounts receivable		-			-			-			-			-			-			-			-			-			-
Prepaid expenses		(413	)		(300	)		369			353			(290	)		358			(290	)		415			439			613
Due from related party		-			4,271			-			-			-			-			-			-			-			-
Accrued expenses		3,158			3,484			3,309			3,535			3,177			5,558			3,086			3,625			3,025			4,969
Due to related party		5,071			(782	)		4,230			3,106			5,101			3,097			4,951			3,696			3,894			3,597
Net cash provided by (used in) operating activities		12,382			10,445			9,084			10,442			12,610			12,347			11,671			10,855			10,767			13,902
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			-			-			-			-			-
Distributions		(6,479	)		(5,449	)		(4,976	)		(5,025	)		(6,534	)		(6,202	)		(6,782	)		(4,701	)		(5,260	)		(8,270	)
Net cash provided by (used in) financing activities		(6,479	)		(5,449	)		(4,976	)		(5,025	)		(6,534	)		(6,202	)		(6,782	)		(4,701	)		(5,260	)		(8,270	)
Net change in cash and cash equivalents		5,903			4,996			4,108			5,417			6,076			6,145			4,889			6,154			5,507			5,632
Cash at beginning of period		13,709			6,496			10,913			16,203			14,131			18,569			13,926			12,913			12,537			15,689
Cash at end of period	$	19,612		$	11,492		$	15,021		$	21,620		$	20,207		$	24,714		$	18,815		$	19,067		$	18,044		$	21,321
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Cash paid for interest	$	4,824		$	2,947		$	2,238		$	2,332		$	4,874		$	2,297		$	4,915		$	2,650		$	2,531		$	3,751
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-

F-193

ARRIVED HOMES, LLC

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Walton			Wentworth			Bandelier			Diablo			Rooney			Saint			Scepter			Terracotta			Baron			Burlington
Cash flows from operating activities:
Net income (loss)	$	(1,625	)	$	18		$	(11,788	)	$	(13,632	)	$	(18,401	)	$	(833	)	$	(8,508	)	$	(6,929	)	$	1,136		$	2,085
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		-			3,417			4,170			3,571			4,422			2,536			3,238			1,262			-			-
Amortization		-			61			43			38			45			33			36			27			-			-
Changes in assets and liabilities:
Accounts receivable		-			-			-			-			-			(1,995	)		-			-			-			-
Prepaid expenses		(1,250	)		897			(1,458	)		(858	)		(728	)		(3,252	)		(1,070	)		(3,388	)		(13	)		(2,709	)
Due from related party		-			4,143			-			(10,874	)		-			-			-			(4,308	)		-			(4,655	)
Accrued expenses		2,413			3,446			3,777			11,385			3,794			3,452			2,908			3,433			6,024			6,419
Due to related party		462			(379	)		3,526			13,760			3,771			7,065			3,412			8,038			(3,882	)		2,579
Net cash provided by (used in) operating activities		-			11,603			(1,730	)		3,390			(7,097	)		7,006			16			(1,865	)		3,265			3,719
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			(129,750	)		(128,520	)		(137,700	)		(130,508	)		(103,500	)		(120,996	)		(615,172	)		(705,121	)
Net proceeds from the issuance of membership units		-			-			146,233			127,710			154,806			146,431			116,394			138,224			646,450			736,332
Distributions		-			(6,269	)		(2,954	)		(2,580	)		(3,440	)		(2,514	)		(2,351	)		(1,536	)		(3,265	)		(3,719	)
Net cash provided by (used in) financing activities		-			(6,269	)		13,529			(3,390	)		13,666			13,408			10,543			15,692			28,013			27,492
Net change in cash and cash equivalents		-			5,334			11,799			-			6,569			20,414			10,559			13,827			31,278			31,211
Cash at beginning of period		-			6,607			-			-			101			-			-			-			-			-
Cash at end of period	$	-		$	11,941		$	11,799		$	-		$	6,670		$	20,414		$	10,559		$	13,827		$	31,278		$	31,211
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Cash paid for interest	$	508		$	3,068		$	4,746		$	4,029		$	5,018		$	3,879		$	3,662		$	3,474		$	-		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	75,167		$	-		$	-		$	-		$	-		$	108,791		$	-		$	97,798		$	582,719		$	653,831
Acquisition of property	$	302,367		$	-		$	-		$	-		$	-		$	320,783		$	-		$	320,398		$	582,719		$	653,831
Mortgage payable for acquisition of property	$	227,200		$	-		$	-		$	-		$	-		$	211,992		$	-		$	222,600		$	-		$	-
Offering expenses	$	-		$	-		$	2,950		$	2,890		$	3,130		$	2,958		$	2,360		$	2,796		$	13,062		$	14,881
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	150		$	-		$	6,599		$	2,500		$	3,500

F-194

ARRIVED HOMES, LLC

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Ensenada			Jake			Lily			McLovin			Nugget			Odessa			Oly			Pioneer			Ritter			Saddlebred
Cash flows from operating activities:
Net income (loss)	$	(10,495	)	$	(1,899	)	$	(21,114	)	$	(13,421	)	$	(1,484	)	$	(17,345	)	$	(7,047	)	$	(3,123	)	$	(608	)	$	(43,296	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		6,666			-			6,920			6,219			-			7,332			6,267			1,307			-			7,642
Amortization		62			-			51			58			-			59			59			-			-			54
Changes in assets and liabilities:
Accounts receivable		-			-			-			-			-			-			(2,895	)		-			-			-
Prepaid expenses		(1,364	)		(2,334	)		(2,763	)		(5,858	)		(141	)		(1,914	)		(2,250	)		(227	)		(2,051	)		(1,722	)
Due from related party		-			(2,139	)		-			-			(2,233	)		-			-			-			(876	)		-
Accrued expenses		4,800			3,817			6,035			4,335			6,428			5,464			5,315			2,693			2,147			4,719
Due to related party		6,067			2,555			4,101			5,089			623			5,472			8,086			(650	)		1,388			22,882
Net cash provided by (used in) operating activities		5,736			-			(6,770	)		(3,578	)		3,193			(932	)		7,535			-			-			(9,721	)
Cash flows from financing activities:
Repayments of amounts due to related party		(205,020	)		(640,306	)		(185,540	)		(191,830	)		(606,642	)		(195,480	)		(192,990	)		(620,666	)		(548,916	)		(173,860	)
Net proceeds from the issuance of membership units		229,373			657,172			239,624			217,691			632,125			216,686			216,226			648,480			574,972			195,847
Distributions		(5,097	)		-			(5,342	)		(4,838	)		(3,193	)		(4,821	)		(4,805	)		-			-			(4,358	)
Net cash provided by (used in) financing activities		19,256			16,866			48,743			21,024			22,290			16,385			18,431			27,814			26,056			17,629
Net change in cash and cash equivalents		24,992			16,866			41,973			17,446			25,483			15,453			25,966			27,814			26,056			7,908
Cash at beginning of period		-			-			-			-			-			-			-			-			-			-
Cash at end of period	$	24,992		$	16,866		$	41,973		$	17,446		$	25,483		$	15,453		$	25,966		$	27,814		$	26,056		$	7,908
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Cash paid for interest	$	7,594		$	-		$	6,036		$	7,121		$	-		$	7,256		$	7,133		$	-		$	-		$	6,442
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	593,485		$	-		$	-		$	564,188		$	-		$	-		$	590,263		$	508,362		$	-
Acquisition of property	$	-		$	593,485		$	-		$	-		$	564,188		$	-		$	-		$	590,263		$	508,362		$	-
Mortgage payable for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Offering expenses	$	4,640		$	13,526		$	4,880		$	4,400		$	12,782		$	4,410		$	4,380		$	13,116		$	11,616		$	3,970
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	1,000		$	-

F-195

ARRIVED HOMES, LLC

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Delta			Emporia			Grant			Heritage			Holcomb			Kennesaw			Lanier			Lovejoy			Magnolia			Mammoth
Cash flows from operating activities:
Net income (loss)	$	(10,646	)	$	(7,569	)	$	(10,967	)	$	(5,618	)	$	(2,171	)	$	(2,146	)	$	(5,068	)	$	(9,238	)	$	(4,109	)	$	(6,166	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		3,099			3,188			4,451			667			-			973			866			2,005			575			1,562
Amortization		34			36			45			13			-			-			15			25			24			21
Changes in assets and liabilities:
Accounts receivable		(3,535	)		(4,590	)		-			(534	)		-			-			-			-			-			-
Prepaid expenses		(2,861	)		(4,043	)		(1,438	)		(3,134	)		(2,200	)		(1,885	)		(3,444	)		(2,968	)		(2,201	)		(1,866	)
Due from related party		-			(5,664	)		-			(5,476	)		-			(240	)		-			(3,929	)		(10,319	)		-
Accrued expenses		5,697			4,454			4,474			3,721			3,104			1,976			2,642			5,531			2,565			2,078
Due to related party		(11,320	)		12,728			4,072			8,768			607			1,323			3,430			8,532			11,899			2,823
Net cash provided by (used in) operating activities		(19,532	)		(1,460	)		637			(1,593	)		(660	)		1			(1,559	)		(42	)		(1,566	)		(1,548	)
Cash flows from financing activities:
Repayments of amounts due to related party		(108,020	)		(139,789	)		(139,500	)		(116,762	)		(383,110	)		(461,384	)		(140,251	)		(117,250	)		(108,430	)		(126,617	)
Net proceeds from the issuance of membership units		143,629			151,054			161,469			126,176			405,425			479,309			166,389			126,977			113,622			147,371
Distributions		(2,902	)		(3,052	)		(3,914	)		(637	)		-			-			(840	)		(2,565	)		(574	)		(744	)
Net cash provided by (used in) financing activities		32,708			8,214			18,055			8,776			22,315			17,925			25,298			7,162			4,618			20,010
Net change in cash and cash equivalents		13,176			6,754			18,692			7,183			21,655			17,925			23,739			7,120			3,052			18,462
Cash at beginning of period		-			-			-			-			-			-			-			-			-			-
Cash at end of period	$	13,176		$	6,754		$	18,692		$	7,183		$	21,655		$	17,925		$	23,739		$	7,120		$	3,052		$	18,462
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Cash paid for interest	$	3,857		$	4,088		$	5,017		$	2,116		$	-		$	-		$	2,925		$	3,761		$	1,777		$	2,889
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	116,854		$	109,415		$	-		$	90,356		$	357,651		$	428,008		$	116,975		$	91,484		$	77,920		$	105,608
Acquisition of property	$	343,654		$	354,415		$	-		$	293,356		$	357,651		$	428,008		$	380,875		$	296,584		$	252,920		$	343,608
Mortgage payable for acquisition of property	$	226,800		$	245,000		$	-		$	203,000		$	-		$	-		$	263,900		$	205,100		$	175,000		$	238,000
Offering expenses	$	2,910		$	3,629		$	3,285		$	3,022		$	8,190		$	9,764		$	3,361		$	3,050		$	2,708		$	2,977
Deemed contribution from Manager	$	4,513		$	6,066		$	-		$	3,127		$	-		$	-		$	886		$	3,802		$	1,777		$	1,568

F-196

ARRIVED HOMES, LLC

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Otoro			Reynolds			Swift			Wave			Amber			Centennial			Collinston			Davidson			Holland			Jupiter
Cash flows from operating activities:
Net income (loss)	$	(10,379	)	$	(1,427	)	$	(3,651	)	$	(5,562	)	$	(9,208	)	$	(3,069	)	$	(15,327	)	$	(11,312	)	$	(16,347	)	$	(12,421	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		1,953			-			787			2,307			4,208			3,918			2,906			2,909			2,909			2,906
Amortization		23			-			-			27			38			44			30			31			31			30
Changes in assets and liabilities:
Accounts receivable		-			-			-			(779	)		-			-			-			-			-			-
Prepaid expenses		(3,906	)		(1,848	)		-			(3,011	)		(1,583	)		(1,099	)		(447	)		(640	)		(598	)		(1,254	)
Due from related party		(4,518	)		(579	)		(925	)		-			-			1,595			-			-			(3,556	)		-
Accrued expenses		4,142			2,547			4,795			3,372			2,908			2,066			3,110			2,488			7,056			1,804
Due to related party		10,772			1,308			1,764			2,530			2,159			3,728			8,126			5,244			8,455			6,480
Net cash provided by (used in) operating activities		(1,913	)		1			2,770			(1,116	)		(1,478	)		7,183			(1,602	)		(1,280	)		(2,050	)		(2,455	)
Cash flows from financing activities:
Repayments of amounts due to related party		(157,124	)		(466,695	)		(373,703	)		(124,337	)		(131,580	)		-			(92,180	)		(81,750	)		(92,470	)		(94,240	)
Net proceeds from the issuance of membership units		169,943			485,843			391,674			141,699			143,575			-			101,539			91,516			102,128			104,178
Distributions		(2,060	)		-			(2,769	)		(2,863	)		(2,615	)		(4,259	)		(1,851	)		(1,664	)		(1,857	)		(1,894	)
Net cash provided by (used in) financing activities		10,759			19,148			15,201			14,499			9,380			(4,259	)		7,509			8,102			7,802			8,044
Net change in cash and cash equivalents		8,846			19,148			17,971			13,383			7,902			2,924			5,907			6,822			5,752			5,589
Cash at beginning of period		-			-			-			-			122			9,856			-			-			1,110			-
Cash at end of period	$	8,846		$	19,148		$	17,971		$	13,383		$	8,024		$	12,780		$	5,907		$	6,822		$	6,862		$	5,589
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Cash paid for interest	$	2,984		$	-		$	-		$	3,327		$	4,136		$	4,394		$	2,644		$	2,848		$	2,848		$	3,232
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	121,371		$	433,033		$	346,375		$	113,362		$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	395,771		$	433,033		$	346,375		$	337,362		$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable for acquisition of property	$	274,400		$	-		$	-		$	224,000		$	-		$	-		$	-		$	-		$	-		$	-
Offering expenses	$	4,084		$	9,855		$	7,913		$	2,867		$	2,930		$	-		$	2,060		$	1,850		$	2,070		$	2,110
Deemed contribution from Manager	$	965		$	-		$	870		$	2,774		$	-		$	-		$	-		$	-		$	-		$	-

F-197

ARRIVED HOMES, LLC

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	KerriAnn			Meadow			Ribbonwalk			Saturn			Sigma			Weldon			Badminton			Basil			Bayside			Bazzel
Cash flows from operating activities:
Net income (loss)	$	(13,430	)	$	(10,657	)	$	(15,484	)	$	(8,382	)	$	(19,987	)	$	(11,415	)	$	850		$	487		$	1,023		$	(1,338	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		4,686			4,410			4,395			3,200			5,327			2,906			3,505			2,777			3,525			568
Amortization		44			39			41			30			46			30			42			34			40			-
Changes in assets and liabilities:
Accounts receivable		-			-			-			-			-			-			-			-			-			-
Prepaid expenses		(1,254	)		(1,044	)		251			(456	)		(2,396	)		1,112			(2,683	)		(287	)		(977	)		(1,261	)
Due from related party		-			(5,990	)		-			-			-			-			-			-			-			-
Accrued expenses		5,126			3,341			6,312			1,372			33,373			1,855			4,694			768			3,256			1,357
Due to related party		4,944			8,347			3,075			1,979			10,447			5,374			3,957			4,466			2,633			674
Net cash provided by (used in) operating activities		116			(1,554	)		(1,410	)		(2,257	)		26,810			(138	)		10,365			8,245			9,500			-
Cash flows from financing activities:
Repayments of amounts due to related party		(127,220	)		(143,670	)		(120,650	)		(94,250	)		(144,570	)		(92,180	)		-			-			(111,350	)		-
Net proceeds from the issuance of membership units		144,590			156,771			137,452			103,990			161,320			102,039			-			-			121,820			-
Distributions		(2,921	)		(2,855	)		(2,499	)		(1,891	)		(3,269	)		(1,855	)		(4,479	)		(3,730	)		(3,199	)		-
Net cash provided by (used in) financing activities		14,449			10,246			14,302			7,849			13,481			8,004			(4,479	)		(3,730	)		7,270			-
Net change in cash and cash equivalents		14,564			8,692			12,892			5,592			40,291			7,866			5,886			4,515			16,770			-
Cash at beginning of period		209			-			-			77			-			-			10,370			7,938			3,337			-
Cash at end of period	$	14,773		$	8,692		$	12,892		$	5,669		$	40,291		$	7,866		$	16,256		$	12,453		$	20,107		$	-
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Cash paid for interest	$	4,611		$	4,164		$	4,339		$	3,232		$	4,394		$	2,644		$	4,028		$	3,044		$	3,833		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	91,863		$	269,468
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	257,613		$	269,468
Mortgage payable for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	165,750		$	-
Offering expenses	$	2,930		$	3,180		$	2,780		$	2,110		$	3,280		$	2,060		$	-		$	-		$	2,460		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-

F-198

ARRIVED HOMES, LLC

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Bedford			Butter			Coatbridge			Dawson			Dewberry			Dolittle			Dorchester			Eastfair			Elevation			Elm
Cash flows from operating activities:
Net income (loss)	$	(4,568	)	$	(15,428	)	$	1,439		$	(2,921	)	$	(1,215	)	$	(6,180	)	$	(1,558	)	$	1,044		$	(629	)	$	2,274
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		1,924			5,190			3,730			3,114			2,613			4,221			788			2,956			3,657			2,300
Amortization		25			45			42			37			33			38			-			38			34			26
Changes in assets and liabilities:
Accounts receivable		-			-			(2,614	)		(339	)		(2,140	)		-			-			-			520			(595	)
Prepaid expenses		(2,028	)		(1,911	)		(1,475	)		(566	)		(438	)		(613	)		(1,573	)		(411	)		(2,184	)		(772	)
Due from related party		-			-			-			-			1,305			-			-			-			-			-
Accrued expenses		2,209			5,662			3,435			2,652			2,192			3,107			1,829			1,044			4,383			1,873
Due to related party		2,802			4,362			3,709			1,952			1,031			3,297			514			3,824			1,833			1,860
Net cash provided by (used in) operating activities		364			(2,080	)		8,266			3,929			3,381			3,870			-			8,495			7,614			6,966
Cash flows from financing activities:
Repayments of amounts due to related party		(106,433	)		(141,040	)		(117,610	)		(98,950	)		-			(117,160	)		-			-			(114,290	)		(72,810	)
Net proceeds from the issuance of membership units		121,938			159,459			129,690			108,643			-			132,353			-			-			124,453			81,279
Distributions		(1,355	)		(4,188	)		(3,406	)		(2,853	)		(3,790	)		(3,209	)		-			(3,521	)		(3,268	)		(2,135	)
Net cash provided by (used in) financing activities		14,150			14,231			8,674			6,839			(3,790	)		11,985			-			(3,521	)		6,894			6,334
Net change in cash and cash equivalents		14,514			12,151			16,940			10,768			(409	)		15,855			-			4,974			14,508			13,300
Cash at beginning of period		-			-			1,460			4,852			5,617			-			-			10,835			776			477
Cash at end of period	$	14,514		$	12,151		$	18,400		$	15,620		$	5,208		$	15,855		$	-		$	15,809		$	15,284		$	13,777
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Cash paid for interest	$	2,552		$	5,085		$	4,058		$	3,382		$	2,803		$	4,022		$	-		$	3,468		$	3,983		$	2,480
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	86,138		$	118,132		$	97,145		$	81,298		$	-		$	-		$	346,640		$	-		$	-		$	-
Acquisition of property	$	282,138		$	380,558		$	272,645		$	227,548		$	-		$	-		$	346,640		$	-		$	-		$	-
Mortgage payable for acquisition of property	$	196,000		$	262,426		$	175,500		$	146,250		$	-		$	-		$	-		$	-		$	-		$	-
Offering expenses	$	2,463		$	3,220		$	2,620		$	2,200		$	-		$	2,680		$	-		$	-		$	2,520		$	1,640
Deemed contribution from Manager	$	1,023		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-

F-199

ARRIVED HOMES, LLC

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Folly			Forest			Greenhill			Hadden			Heron			Holloway			Kingsley			Lallie			Lennox			Limestone
Cash flows from operating activities:
Net income (loss)	$	(2,263	)	$	407		$	(4,086	)	$	(9,068	)	$	(4,157	)	$	481		$	(317	)	$	517		$	934		$	(4,342	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		713			4,823			3,006			2,036			657			4,672			4,290			5,115			2,978			4,023
Amortization		-			41			34			25			13			49			48			53			36			38
Changes in assets and liabilities:
Accounts receivable		-			-			-			-			-			(405	)		(440	)		-			-			(1,881	)
Prepaid expenses		(1,701	)		(789	)		(3,493	)		(1,322	)		(1,774	)		(709	)		(1,537	)		(2,759	)		489			892
Due from related party		-			-			-			(917	)		(16,985	)		-			41			-			-			(8,923	)
Accrued expenses		1,430			2,005			3,384			5,601			1,894			1,110			(752	)		2,339			2,453			3,280
Due to related party		1,821			3,075			3,413			2,862			19,054			7,329			8,147			5,812			1,995			11,528
Net cash provided by (used in) operating activities		-			9,562			2,258			(783	)		(1,298	)		12,527			9,480			11,077			8,885			4,615
Cash flows from financing activities:
Repayments of amounts due to related party		-			(147,400	)		(124,400	)		(95,579	)		(127,527	)		-			-			-			(94,830	)		(124,390	)
Net proceeds from the issuance of membership units		-			161,068			139,105			109,524			130,848			-			-			-			104,871			136,897
Distributions		-			(4,237	)		(3,091	)		(1,549	)		(661	)		(5,762	)		(5,194	)		(6,604	)		(2,754	)		(3,595	)
Net cash provided by (used in) financing activities		-			9,431			11,614			12,396			2,660			(5,762	)		(5,194	)		(6,604	)		7,287			8,912
Net change in cash and cash equivalents		-			18,993			13,872			11,613			1,362			6,765			4,286			4,473			16,172			13,527
Cash at beginning of period		-			-			-			-			-			11,032			12,813			14,420			4,431			-
Cash at end of period	$	-		$	18,993		$	13,872		$	11,613		$	1,362		$	17,797		$	17,099		$	18,893		$	20,603		$	13,527
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Cash paid for interest	$	-		$	5,261		$	4,193		$	2,333		$	1,855		$	5,111		$	4,972		$	5,561		$	3,231		$	3,652
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	313,570		$	-		$	101,074		$	78,447		$	88,287		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	313,570		$	-		$	328,858		$	221,947		$	289,187		$	-		$	-		$	-		$	-		$	-
Mortgage payable for acquisition of property	$	-		$	-		$	227,784		$	143,500		$	200,900		$	-		$	-		$	-		$	-		$	-
Offering expenses	$	-		$	3,260		$	2,810		$	2,219		$	3,097		$	-		$	-		$	-		$	2,120		$	2,770
Deemed contribution from Manager	$	-		$	-		$	3,024		$	1,865		$	538		$	-		$	-		$	-		$	-		$	-

F-200

ARRIVED HOMES, LLC

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Luna			Matchingham			Murphy			Olive			Osprey			Ridge			River			Roseberry			Shoreline			Spencer
Cash flows from operating activities:
Net income (loss)	$	437		$	549		$	(3,996	)	$	1,521		$	(2,242	)	$	426		$	228		$	(153	)	$	(396	)	$	(360	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		2,956			2,913			4,085			3,184			-			2,992			3,662			4,513			4,260			4,157
Amortization		38			31			38			34			-			36			34			39			48			45
Changes in assets and liabilities:
Accounts receivable		-			-			-			(179	)		-			-			-			(1,645	)		-			-
Prepaid expenses		(423	)		492			(1,000	)		(1,101	)		(1,493	)		(595	)		(337	)		2,396			(287	)		(818	)
Due from related party		981			-			-			-			(1,767	)		-			-			-			1,428			802
Accrued expenses		940			2,773			3,069			1,098			(2,873	)		2,571			3,117			3,832			1,335			1,834
Due to related party		3,098			2,943			3,240			4,777			8,375			5,366			2,404			3,832			3,981			4,556
Net cash provided by (used in) operating activities		8,027			9,701			5,436			9,334			(0	)		10,796			9,108			12,814			10,369			10,216
Cash flows from financing activities:
Repayments of amounts due to related party		-			(82,380	)		(114,190	)		(124,840	)		(381,422	)		(95,210	)		(115,070	)		-			-			-
Net proceeds from the issuance of membership units		-			94,278			129,274			135,749			398,762			103,950			126,274			-			-			-
Distributions		(3,700	)		(2,476	)		(3,134	)		(3,565	)		-			(2,730	)		(3,318	)		(5,706	)		(4,850	)		(5,406	)
Net cash provided by (used in) financing activities		(3,700	)		9,422			11,950			7,344			17,340			6,010			7,886			(5,706	)		(4,850	)		(5,406	)
Net change in cash and cash equivalents		4,327			19,123			17,386			16,678			17,340			16,806			16,994			7,108			5,519			4,810
Cash at beginning of period		9,299			86			-			-			-			677			2,390			2,749			8,882			10,725
Cash at end of period	$	13,626		$	19,209		$	17,386		$	16,678		$	17,340		$	17,483		$	19,384		$	9,857		$	14,401		$	15,535
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Cash paid for interest	$	3,468		$	2,836		$	4,016		$	2,916		$	-		$	3,247		$	3,983		$	4,885		$	4,900		$	4,509
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	352,002		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	352,002		$	-		$	-		$	-		$	-		$	-
Mortgage payable for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Offering expenses	$	-		$	1,900		$	2,610		$	2,750		$	8,092		$	2,110		$	2,550		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-

F-201

ARRIVED HOMES, LLC

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Sugar			Summerset			Tuxford			Vernon			Westchester			Windsor			100			101			Abbington			Collier
Cash flows from operating activities:
Net income (loss)	$	(3,378	)	$	(448	)	$	(11,199	)	$	(10,861	)	$	294		$	467		$	(7,343	)	$	(1,805	)	$	(1,644	)	$	(770	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		4,279			3,505			1,801			3,619			4,687			4,809			1,407			-			-			-
Amortization		46			40			23			35			46			50			-			-			-			-
Changes in assets and liabilities:
Accounts receivable		-			(390	)		-			-			-			-			-			-			-			-
Prepaid expenses		(632	)		(633	)		(8,492	)		(1,094	)		(1,441	)		1,837			-			(2,342	)		-			(1,388	)
Due from related party		-			-			(1,875	)		-			-			-			(3,752	)		(1,814	)		(4,695	)		-
Accrued expenses		2,907			2,343			(5,611	)		3,060			4,416			3,459			(12,424	)		(2,491	)		(5,709	)		(1,263	)
Due to related party		2,330			4,018			17,091			4,200			3,527			4,937			29,583			8,452			18,081			3,421
Net cash provided by (used in) operating activities		5,552			8,435			(8,262	)		(1,041	)		11,529			15,559			7,471			(0	)		6,033			-
Cash flows from financing activities:
Repayments of amounts due to related party		(131,810	)		-			(108,090	)		(101,380	)		(166,300	)		-			(669,676	)		(690,379	)		(522,501	)		-
Net proceeds from the issuance of membership units		145,589			-			119,434			114,929			179,309			-			698,445			712,562			548,114			-
Distributions		(2,941	)		(4,632	)		(2,654	)		(3,018	)		(4,722	)		(6,113	)		(4,233	)		-			(2,768	)		-
Net cash provided by (used in) financing activities		10,838			(4,632	)		8,690			10,531			8,286			(6,113	)		24,536			22,183			22,844			-
Net change in cash and cash equivalents		16,390			3,803			428			9,490			19,815			9,446			32,007			22,183			28,877			-
Cash at beginning of period		3,105			8,216			-			-			1,483			12,404			-			-			-			-
Cash at end of period	$	19,495		$	12,019		$	428		$	9,490		$	21,298		$	21,850		$	32,007		$	22,183		$	28,877		$	-
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Cash paid for interest	$	4,660		$	3,833		$	2,690		$	3,523		$	4,599		$	5,261		$	-		$	-		$	-		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	85,606		$	-		$	-		$	-		$	619,296		$	639,380		$	482,364		$	357,769
Acquisition of property	$	-		$	-		$	264,106		$	-		$	-		$	-		$	619,296		$	639,380		$	482,364		$	357,769
Mortgage payable for acquisition of property	$	-		$	-		$	178,500		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Offering expenses	$	2,940		$	-		$	2,750		$	2,330		$	3,640		$	-		$	14,116		$	14,529		$	11,081		$	-
Deemed contribution from Manager	$	-		$	-		$	549		$	-		$	-		$	-		$	450		$	-		$	2,752		$	-

F-202

ARRIVED HOMES, LLC

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Dunbar			Hines			Hollandaise			Jack			Johnny			June			Kirkwood			Lookout			McGregor			Pearl
Cash flows from operating activities:
Net income (loss)	$	(1,470	)	$	(1,724	)	$	(9,523	)	$	(9,450	)	$	(5,325	)	$	(5,378	)	$	(4,545	)	$	(1,193	)	$	(4,318	)	$	1,667
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		-			-			2,514			1,900			1,341			1,341			599			-			689			-
Amortization		-			-			30			24			-			-			12			-			-			-
Changes in assets and liabilities:
Accounts receivable		-			-			-			-			-			-			-			-			-			-
Prepaid expenses		(1,366	)		(1,019	)		(2,462	)		(4,083	)		(2,131	)		(2,131	)		(2,332	)		(1,254	)		-			(2,263	)
Due from related party		-			(1,596	)		(7,122	)		(9,450	)		-			-			(11,213	)		-			(3,454	)		(1,510	)
Accrued expenses		(1,606	)		(2,099	)		(2,971	)		(3,162	)		(1,246	)		(1,415	)		(2,538	)		(1,529	)		(4,919	)		(6,589	)
Due to related party		4,442			6,438			9,008			34,256			7,361			7,583			18,270			3,977			13,228			16,396
Net cash provided by (used in) operating activities		0			(0	)		(10,526	)		10,035			(0	)		0			(1,747	)		1			1,226			7,701
Cash flows from financing activities:
Repayments of amounts due to related party		(200,000	)		(279,041	)		(139,282	)		(183,404	)		-			-			(112,490	)		(200,000	)		(328,935	)		(593,964	)
Net proceeds from the issuance of membership units		238,125			292,317			162,766			181,655			601,306			659,380			115,305			240,026			350,143			618,522
Distributions		-			-			(1,480	)		(1,651	)		-			-			(582	)		-			(2,122	)		(3,124	)
Net cash provided by (used in) financing activities		38,125			13,276			22,004			(3,400	)		601,306			659,380			2,233			40,026			19,087			21,434
Net change in cash and cash equivalents		38,125			13,276			11,478			6,635			601,306			659,380			486			40,026			20,313			29,135
Cash at beginning of period		-			-			-			-			-			-			-			-			-			-
Cash at end of period	$	38,125		$	13,276		$	11,478		$	6,635		$	601,306		$	659,380		$	486		$	40,026		$	20,313		$	29,135
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Cash paid for interest	$	-		$	-		$	3,554		$	3,555		$	2,367		$	2,367		$	1,681		$	-		$	-		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	324,859		$	257,400		$	113,236		$	128,290		$	126,889		$	126,889		$	81,419		$	347,707		$	303,005		$	549,882
Acquisition of property	$	324,859		$	257,400		$	368,736		$	417,918		$	590,089		$	590,089		$	263,419		$	347,707		$	303,005		$	549,882
Mortgage payable for acquisition of property	$	-		$	-		$	255,500		$	289,629		$	463,200		$	463,200		$	182,000		$	-		$	-		$	-
Offering expenses	$	7,467		$	5,931		$	3,292		$	4,354		$	13,358		$	13,358		$	2,761		$	7,984		$	7,075		$	12,514
Deemed contribution from Manager	$	300		$	-		$	8,681		$	1,506		$	-		$	-		$	690		$	-		$	475		$	-

F-203

ARRIVED HOMES, LLC

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2022 (UNAUDITED)

	Point			Riverwalk			Roxy			Wescott			Wildwood			Consolidated
Cash flows from operating activities:
Net income (loss)	$	(5,876	)	$	(1,914	)	$	(5,447	)	$	(1,446	)	$	(3,282	)	$	(635,040	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		875			905			747			-			505			332,889
Amortization		15			-			13			10			16			3,803
Changes in assets and liabilities:
Accounts receivable		-			-			-			-			-			(24,436	)
Prepaid expenses		(4,003	)		(1,517	)		(2,546	)		(2,893	)		(2,328	)		(187,321	)
Due from related party		(296	)		-			-			(5,831	)		-			(219,340	)
Accrued expenses		(3,446	)		(1,720	)		(2,067	)		(2,635	)		(2,050	)		341,343
Due to related party		11,526			4,246			6,910			13,691			5,631			799,729
Net cash provided by (used in) operating activities		(1,205	)		-			(2,390	)		896			(1,508	)		411,630
Cash flows from financing activities:
Repayments of amounts due to related party		(146,511	)		-			(125,013	)		(169,883	)		(130,628	)		(19,243,196	)
Net proceeds from the issuance of membership units		168,359			-			142,194			177,388			148,886			22,032,198
Distributions		(850	)		-			(718	)		(896	)		(752	)		(355,319	)
Net cash provided by (used in) financing activities		20,998			-			16,463			6,609			17,506			2,433,683
Net change in cash and cash equivalents		19,793			-			14,073			7,505			15,998			2,845,313
Cash at beginning of period		-			-			-			-			-			336,890
Cash at end of period	$	19,793		$	-		$	14,073		$	7,505		$	15,998		$	3,182,203
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	-		$	-		$	-		$	-		$	-
Cash paid for interest	$	3,039		$	-		$	2,444		$	454		$	1,110		$	373,500
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	117,247		$	398,005		$	107,969		$	139,868		$	112,303		$	15,831,218
Acquisition of property	$	384,997		$	398,005		$	328,469		$	276,118		$	222,303		$	24,974,116
Mortgage payable for acquisition of property	$	267,750		$	-		$	220,500		$	136,250		$	110,000		$	9,142,898
Offering expenses	$	3,401		$	-		$	2,873		$	4,033		$	3,008		$	461,842
Deemed contribution from Manager	$	1,669		$	-		$	1,148		$	454		$	741		$	59,891

See the accompanying notes to these consolidated and consolidating financial statements.

F-204

ARRIVED HOMES, LLC AND ITS SERIES

NOTES TO THE UNAUDITED CONSOLIDATED AND CONSOLIDATING FINANCIAL STATEMENTS

NOTE 1: NATURE OF OPERATIONS

Arrived Homes, LLC (the “Company”), a Delaware Series limited liability company, was formed on July 13, 2020 to permit public investment in individual single family rental homes. Each single family rental home will be owned by a separate series of the company that will be established by Arrived Holdings, Inc. (the “Manager”) to acquire that home. Each series may hold the specific property that it acquires directly or in a wholly-owned subsidiary, which would be a limited liability company organized under laws of the state in which the series property is located. As a Delaware Series limited liability company, the debts, liabilities, obligations, and expenses incurred, contracted for or otherwise existing with respect to a particular Series are segregated and enforceable only against the assets of such Series, as provided under Delaware law. Although the company was established on July 13, 2020 principal operations did not commence until the first property acquisition on January 4, 2021.

Each series listed in the Series Offering Table was formed for the sole purpose of purchasing a single-family rental property.

SERIES OFFERING TABLE

Series Name	Series Name	State LLC Name and wholly owned subsidiary of the Series	Date Formed	Acquisition Date
100	Arrived Homes Series 100	Arrived TN 100, LLC	4/12/2022	4/29/2022
101	Arrived Homes Series 101	Arrived TN 101, LLC	5/10/2022	5/31/2022
Abbington	Arrived Homes Series Abbington	Arrived TN Abbington, LLC	5/4/2022	5/12/2022
Amber	Arrived Homes Series Amber	Arrived NC Amber, LLC	8/30/2021	9/30/2021
Apollo	Arrived Homes Series Apollo	Arrived Homes Series Apollo, a series of Arrived Homes, LLC	4/13/2022	5/6/2022
Aster	Arrived Homes Series Aster	Arrived AR Aster, LLC	6/13/2022	7/11/2022
Augusta	Arrived Homes Series Augusta	Arrived GA Augusta, LLC	5/11/2023	5/25/2023
Avebury	Arrived Homes Series Avebury	Arrived AL Avebury, LLC	2/4/2022	2/23/2022
Avondale	Arrived Homes Series Avondale	Arrived GA Avondale, LLC	4/25/2023	5/23/2023
Badminton	Arrived Homes Series Badminton	Arrived SC Badminton, LLC	8/3/2021	6/18/2021
Bandelier	Arrived Homes Series Bandelier	Arrived AZ Bandelier, LLC	9/14/2021	10/27/2021
Baron	Arrived Homes Series Baron	Arrived CO Baron, LLC	4/26/2022	5/10/2022
Basil	Arrived Homes Series Basil	Arrived SC Basil, LLC	8/3/2021	6/25/2021
Bayside	Arrived Homes Series Bayside	Arrived SC Bayside, LLC	8/3/2021	7/16/2021
Bazzel	Arrived Homes Series Bazzel	Arrived SC Bazzel, LLC	5/12/2022	6/10/2022
Bedford	Arrived Homes Series Bedford	Arrived SC Bedford, LLC	12/26/2021	2/28/2022
Bella	Arrived Homes Series Bella	Arrived VA Bella, LLC	5/1/2023	6/7/2023

F-205

Series Name	Series Name	State LLC Name and wholly owned subsidiary of the Series	Date Formed	Acquisition Date
Belle	Arrived Homes Series Belle	Arrived Homes Series Belle, a series of Arrived Homes, LLC	5/27/2022	6/10/2022
Belvedere	Arrived Homes Series Belvedere	Arrived GA Belvedere, LLC	4/25/2023	5/16/2023
Bergenia	Arrived Homes Series Bergenia	Arrived Homes Series Bergenia, a series of Arrived Homes, LLC	4/10/2023	7/12/2023
Blossom	Arrived Homes Series Blossom	Arrived AR Blossom, LLC	6/2/2022	7/25/2022
Bonneau	Arrived Homes Series Bonneau	Arrived SC Bonneau, LLC	6/3/2022	7/21/2022
Brainerd	Arrived Homes Series Brainerd	Arrived TN Brainerd, LLC	10/24/2022	11/9/2022
Braxton	Arrived Homes Series Braxton	Arrived KY Braxton, LLC	6/17/2022	7/8/2022
Brennan	Arrived Homes Series Brennan	Arrived AL Brennan, LLC	4/11/2022	4/25/2022
Brooklyn	Arrived Homes Series Brooklyn	Arrived Homes Series Brooklyn, a series of Arrived Homes, LLC	10/24/2022	11/15/2022
Burlington	Arrived Homes Series Burlington	Arrived CO Burlington, LLC	5/2/2022	5/12/2022
Butter	Arrived Homes Series Butter	Arrived SC Butter, LLC	8/3/2021	11/18/2021
Camino	Arrived Homes Series Camino	Arrived Homes Series Camino, a series of Arrived Homes, LLC	6/21/2022	7/8/2022
Campbell	Arrived Homes Series Campbell	Arrived GA Campbell, LLC	6/13/2022	6/22/2022
Cawley	Arrived Homes Series Cawley	Arrived GA Cawley, LLC	5/12/2023	6/7/2023
Centennial	Arrived Homes Series Centennial	Arrived NC Centennial LLC	8/3/2021	6/4/2021
Chaparral	Arrived Homes Series Chaparral	Arrived AR Chaparral, LLC	8/3/2021	1/14/2021
Chelsea	Arrived Homes Series Chelsea	Arrived AL Chelsea, LLC	2/4/2022	2/24/2022
Chester	Arrived Homes Series Chester	Arrived TN Chester, LLC	6/21/2022	7/11/2022
Chickamauga	Arrived Homes Series Chickamauga	Arrived TN Chickamauga, LLC	10/24/2022	11/14/2022
Chinook	Arrived Homes Series Chinook	Arrived GA Chinook, LLC	5/8/2023	6/7/2023
Chitwood	Arrived Homes Series Chitwood	Arrived OH Chitwood, LLC	5/26/2022	6/9/2022
Clover	Arrived Homes Series Clover	Arrived Homes Series Clover, a series of Arrived Homes, LLC	5/24/2022	6/6/2022
Coatbridge	Arrived Homes Series Coatbridge	Arrived SC Coatbridge, LLC	8/3/2021	7/1/2021
Collier	Arrived Homes Series Collier	Arrived TN Collier, LLC	5/31/2022	6/17/2022
Collinston	Arrived Homes Series Collinston	Arrived NC Collinston, LLC	8/3/2021	9/17/2021
Conway	Arrived Homes Series Conway	Arrived TN Conway, LLC	5/27/2022	7/14/2022
Cove	Arrived Homes Series Cove	Arrived Homes Series Cove, a series of Arrived Homes, LLC	12/8/2022	3/23/2023
Creekside	Arrived Homes Series Creekside	Arrived AR Creekside, LLC	6/9/2022	6/22/2022
Creekwood	Arrived Homes Series Creekwood	Arrived Homes Series Creekwood, a series of Arrived Homes, LLC	6/21/2022	7/11/2022

F-206

Series Name	Series Name	State LLC Name and wholly owned subsidiary of the Series	Date Formed	Acquisition Date
Cumberland	Arrived Homes Series Cumberland	Arrived TN Cumberland, LLC	6/7/2022	7/6/2022
Cupcake	Arrived Homes Series Cupcake	Arrived AR Cupcake LLC	8/3/2021	9/24/2021
Cypress	Arrived Homes Series Cypress	Arrived GA Cypress, LLC	6/21/2022	7/15/2022
Daisy	Arrived Homes Series Daisy	Arrived AR Daisy, LLC	6/7/2022	6/20/2022
Davidson	Arrived Homes Series Davidson	Arrived NC Davidson LLC	8/3/2021	10/1/2021
Dawson	Arrived Homes Series Dawson	Arrived SC Dawson, LLC	8/3/2021	7/6/2021
Delta	Arrived Homes Series Delta	Arrived GA Delta, LLC	12/27/2021	1/26/2022
Dewberry	Arrived Homes Series Dewberry	Arrived SC Dewberry, LLC	8/3/2021	6/29/2021
Diablo	Arrived Homes Series Diablo	Arrived AZ Diablo, LLC	11/23/2021	12/27/2021
Dogwood	Arrived Homes Series Dogwood	Arrived Homes Series Dogwood, a series of Arrived Homes, LLC	5/27/2022	6/6/2022
Dolittle	Arrived Homes Series Dolittle	Arrived SC Dolittle, LLC	8/3/2021	11/10/2021
Dolly	Arrived Homes Series Dolly	Arrived TN Dolly, LLC	6/13/2022	6/24/2022
Dops	Arrived Homes Series Dops	Arrived Homes Series Dops, a Series of Arrived Homes, LLC	11/17/2022	12/15/2022
Dorchester	Arrived Homes Series Dorchester	Arrived SC Dorchester, LLC	5/31/2022	6/10/2022
Dunbar	Arrived Homes Series Dunbar	Arrived TN Dunbar, LLC	5/19/2022	5/31/2022
Eagle	Arrived Homes Series Eagle	Arrived AR Eagle, LLC	8/3/2021	8/5/2022
Eastfair	Arrived Homes Series Eastfair	Arrived SC Eastfair, LLC	8/3/2021	6/9/2021
Elevation	Arrived Homes Series Elevation	Arrived SC Elevation, LLC	8/3/2021	7/21/2021
Ella	Arrived Homes Series Ella	Arrived TN Ella, LLC	1/10/2023	1/31/2023
Ellen	Arrived Homes Series Ellen	Arrived IN Ellen, LLC	5/23/2023	7/12/2023
Elm	Arrived Homes Series Elm	Arrived SC Elm, LLC	8/3/2021	8/16/2021
Emporia	Arrived Homes Series Emporia	Arrived GA Emporia, LLC	1/6/2022	1/27/2022
Ensenada	Arrived Homes Series Ensenada	Arrived CO Ensenada, LLC	9/26/2021	10/15/2021
Falcon	Arrived Homes Series Falcon	Arrived AR Falcon, LLC	8/3/2021	9/9/2022
Felix	Arrived Homes Series Felix	Arrived NC Felix, LLC	5/11/2023	6/7/2023
Fenwick	Arrived Homes Series Fenwick	Arrived GA Fenwick, LLC	5/2/2023	5/31/2023
Folly	Arrived Homes Series Folly	Arrived SC Folly, LLC	5/31/2022	6/8/2022
Forest	Arrived Homes Series Forest	Arrived SC Forest, LLC	8/3/2021	7/26/2021
Foster	Arrived Homes Series Foster	Arrived OH Foster, LLC	5/4/2023	5/31/2023
Franklin	Arrived Homes Series Franklin	Arrived IN Franklin, LLC	5/12/2023	6/14/2023
Gardens	Arrived Homes Series Gardens	Arrived Homes Series Gardens, a series of Arrived Homes, LLC	3/2/2022	3/23/2022
General	Arrived Homes Series General	Arrived VA General, LLC	5/22/2023	6/7/2023

F-207

Series Name	Series Name	State LLC Name and wholly owned subsidiary of the Series	Date Formed	Acquisition Date
Goose	Arrived Homes Series Goose	Arrived AR Goose, LLC	8/3/2021	8/5/2022
Grant	Arrived Homes Series Grant	Arrived GA Grant, LLC	9/29/2021	10/29/2021
Greenhill	Arrived Homes Series Greenhill	Arrived SC Greenhill, LLC	8/3/2021	1/11/2022
Gretal	Arrived Homes Series Gretal	Arrived TN Gretal, LLC	7/20/2022	9/29/2022
Grove	Arrived Homes Series Grove	Arrived Homes Series Grove, a series of Arrived Homes, LLC	3/9/2022	3/29/2022
Hadden	Arrived Homes Series Hadden	Arrived SC Hadden, LLC	12/27/2021	1/31/2022
Hansard	Arrived Homes Series Hansard	Arrived TN Hansard, LLC	12/9/2022	12/28/2022
Hansel	Arrived Homes Series Hansel	Arrived TN Hansel, LLC	7/20/2022	8/26/2022
Harrison	Arrived Homes Series Harrison	Arrived TN Harrison, LLC	6/21/2022	7/8/2022
Henry	Arrived Homes Series Henry	Arrived GA Henry, LLC	6/3/2022	6/16/2022
Heritage	Arrived Homes Series Heritage	Arrived Homes Series Heritage, a series of Arrived Homes, LLC	3/21/2022	4/13/2022
Heron	Arrived Homes Series Heron	Arrived SC Heron, LLC	3/22/2022	4/22/2022
Highland	Arrived Homes Series Highland	Arrived SC Highland, LLC	2/23/2022	6/24/2022
Hines	Arrived Homes Series Hines	Arrived TN Hines, LLC	5/18/2022	5/27/2022
Holcomb	Arrived Homes Series Holcomb	Arrived Homes Series Holcomb, a series of Arrived Homes, LLC	5/2/2022	5/27/2022
Holland	Arrived Homes Series Holland	Arrived NC Holland LLC	8/3/2021	9/29/2021
Hollandaise	Arrived Homes Series Hollandaise	Arrived TN Hollandaise, LLC	1/14/2022	2/3/2022
Holloway	Arrived Homes Series Holloway	Arrived SC Holloway, LLC	8/3/2021	6/16/2021
Inglewood	Arrived Homes Series Inglewood	Arrived TN Inglewood, LLC	6/21/2022	7/12/2022
Jack	Arrived Homes Series Jack	Arrived TN Jack, LLC	2/22/2022	3/22/2022
Jake	Arrived Homes Series Jake	Arrived CO Jake, LLC	5/10/2022	5/24/2022
Jefferson	Arrived Homes Series Jefferson	Arrived TN Jefferson, LLC	12/9/2022	12/28/2022
Jill	Arrived Homes Series Jill	Arrived TN Jill, LLC	5/12/2022	7/27/2022
Johnny	Arrived Homes Series Johnny	Arrived TN Johnny, LLC	5/10/2022	6/15/2022
June	Arrived Homes Series June	Arrived TN June, LLC	5/10/2022	6/15/2022
Jupiter	Arrived Homes Series Jupiter	Arrived NC Jupiter LLC	8/3/2021	9/14/2021
Kawana	Arrived Homes Series Kawana	Arrived AL Kawana, LLC	1/14/2022	2/11/2022
Kennesaw	Arrived Homes Series Kennesaw	Arrived Homes Series Kennesaw, a series of Arrived Homes, LLC	5/17/2022	6/9/2022
Kenny	Arrived Homes Series Kenny	Arrived TN Kenny, LLC	6/13/2022	6/24/2022
KerriAnn	Arrived Homes Series KerriAnn	Arrived NC KerriAnn, LLC	9/28/2021	10/28/2021

F-208

Series Name	Series Name	State LLC Name and wholly owned subsidiary of the Series	Date Formed	Acquisition Date
Kessler	Arrived Homes Series Kessler	Arrived AR Kessler, LLC	6/5/2022	6/22/2022
Kingsley	Arrived Homes Series Kingsley	Arrived SC Kingsley, LLC	8/3/2021	6/1/2021
Kirkwood	Arrived Homes Series Kirkwood	Arrived TN Kirkwood, LLC	4/11/2022	4/22/2022
Korin	Arrived Homes Series Korin	Arrived AR Korin, LLC	11/8/2022	11/29/2022
Lallie	Arrived Homes Series Lallie	Arrived SC Lallie, LLC	8/3/2021	6/18/2021
Lanier	Arrived Homes Series Lanier	Arrived Homes Series Lanier, a series of Arrived Homes, LLC	3/21/2022	4/8/2022
Lannister	Arrived Homes Series Lannister	Arrived Homes Series Lannister, a series of Arrived Homes, LLC	5/2/2022	5/19/2022
Latte	Arrived Homes Series Latte	Arrived Homes Series Latte, a series of Arrived Homes, LLC	5/17/2022	6/1/2022
Lennox	Arrived Homes Series Lennox	Arrived SC Lennox, LLC	8/3/2021	7/1/2021
Lierly	Arrived Homes Series Lierly	Arrived AR Lierly, LLC	8/3/2021	1/21/2021
Lily	Arrived Homes Series Lily	Arrived CO Lily, LLC	9/2/2021	10/1/2021
Limestone	Arrived Homes Series Limestone	Arrived SC Limestone LLC	8/3/2021	9/23/2021
Litton	Arrived Homes Series Litton	Arrived TN Litton, LLC	10/24/2022	11/14/2022
Longwoods	Arrived Homes Series Longwoods	Arrived GA Longwoods, LLC	4/27/2023	5/24/2023
Lookout	Arrived Homes Series Lookout	Arrived TN Lookout, LLC	5/19/2022	5/31/2022
Loretta	Arrived Homes Series Loretta	Arrived TN Loretta, LLC	5/27/2022	7/15/2022
Louis	Arrived Homes Series Louis	Arrived MO Louis, LLC	4/27/2023	5/10/2023
Louise	Arrived Homes Series Louise	Arrived Homes Series Louise, a series of Arrived Homes, LLC	2/24/2022	3/17/2022
Lovejoy	Arrived Homes Series Lovejoy	Arrived GA Lovejoy, LLC	1/6/2022	2/3/2022
Luna	Arrived Homes Series Luna	Arrived SC Luna, LLC	8/3/2021	6/14/2021
Lurleen	Arrived Homes Series Lurleen	Arrived Homes Series Lurleen, a series of Arrived Homes, LLC	10/27/2022	12/5/2022
Madison	Arrived Homes Series Madison	Arrived Homes Series Madison, a series of Arrived Homes, LLC	3/29/2022	5/6/2022
Mae	Arrived Homes Series Mae	Arrived SC Mae, LLC	3/7/2022	6/22/2022
Magnolia	Arrived Homes Series Magnolia	Arrived GA Magnolia, LLC	4/5/2022	4/26/2022
Malbec	Arrived Homes Series Malbec	Arrived AR Malbec, LLC	8/3/2021	5/13/2021
Mammoth	Arrived Homes Series Mammoth	Arrived Homes Series Mammoth, a series of Arrived Homes, LLC	3/14/2022	3/31/2022
Marcelo	Arrived Homes Series Marcelo	Arrived KY Marcelo, LLC	6/17/2022	7/29/2022
Marie	Arrived Homes Series Marie	Arrived TN Marie, LLC	12/9/2022	12/28/2022
Marietta	Arrived Homes Series Marietta	Arrived SC Marietta, LLC	1/17/2022	6/30/2022
Marion	Arrived Homes Series Marion	Arrived GA Marion, LLC	4/19/2023	5/25/2023
Marple	Arrived Homes Series Marple	Arrived AR Marple, LLC	4/19/2023	5/31/2023
Martell	Arrived Homes Series Martell	Arrived GA Martell, LLC	4/19/2023	5/17/2023

F-209

Series Name	Series Name	State LLC Name and wholly owned subsidiary of the Series	Date Formed	Acquisition Date
Mary	Arrived Homes Series Mary	Arrived TN Mary, LLC	2/26/2023	5/31/2023
Matchingham	Arrived Homes Series Matchingham	Arrived SC Matchingham, LLC	8/3/2021	10/22/2021
McGregor	Arrived Homes Series McGregor	Arrived TN McGregor, LLC	4/12/2022	4/14/2022
McLovin	Arrived Homes Series McLovin	Arrived CO McLovin, LLC	11/11/2021	12/3/2021
Meadow	Arrived Homes Series Meadow	Arrived NC Meadow, LLC	8/24/2021	9/28/2021
Mimosa	Arrived Homes Series Mimosa	Arrived Homes Series Mimosa, a series of Arrived Homes, LLC	9/2/2022	9/23/2022
Mojave	Arrived Homes Series Mojave	Arrived AR Mojave LLC	8/3/2021	9/24/2021
Murphy	Arrived Homes Series Murphy	Arrived SC Murphy, LLC	8/3/2021	11/10/2021
Mycroft	Arrived Homes Series Mycroft	Arrived AR Mycroft, LLC	4/19/2023	5/31/2023
Nugget	Arrived Homes Series Nugget	Arrived CO Nugget, LLC	4/25/2022	5/20/2022
Odessa	Arrived Homes Series Odessa	Arrived CO Odessa, LLC	9/2/2021	9/30/2021
Olive	Arrived Homes Series Olive	Arrived SC Olive, LLC	8/3/2021	7/27/2021
Oly	Arrived Homes Series Oly	Arrived CO Oly, LLC	11/4/2021	11/30/2021
Onyx	Arrived Homes Series Onyx	Arrived TN Onyx, LLC	5/7/2023	5/31/2023
Oscar	Arrived Homes Series Oscar	Arrived NC Oscar, LLC	5/11/2023	6/28/2023
Osceola	Arrived Homes Series Osceola	Arrived FL Osceola, LLC	5/3/2023	5/23/2023
Osprey	Arrived Homes Series Osprey	Arrived SC Osprey, LLC	4/14/2022	6/3/2022
Otoro	Arrived Homes Series Otoro	Arrived GA Otoro, LLC	2/1/2022	3/21/2022
Palmer	Arrived Homes Series Palmer	Arrived GA Palmer, LLC	5/7/2023	6/7/2023
Patrick	Arrived Homes Series Patrick	Arrived AR Patrick, LLC	8/3/2021	2/1/2021
Peanut	Arrived Homes Series Peanut	Arrived Homes Series Peanut, a series of Arrived Homes, LLC	3/2/2022	3/22/2022
Pearl	Arrived Homes Series Pearl	Arrived TN Pearl, LLC	5/2/2022	5/13/2022
Pecan	Arrived Homes Series Pecan	Arrived AR Pecan, LLC	8/3/2021	2/1/2021
Piedmont	Arrived Homes Series Piedmont	Arrived GA Piedmont, LLC	6/17/2022	6/29/2022
Pinot	Arrived Homes Series Pinot	Arrived AR Pinot, LLC	8/3/2021	5/13/2021
Pioneer	Arrived Homes Series Pioneer	Arrived CO Pioneer, LLC	5/16/2022	6/7/2022
Plumtree	Arrived Homes Series Plumtree	Arrived AR Plumtree, LLC	8/3/2021	1/4/2021
Point	Arrived Homes Series Point	Arrived TN Point, LLC	3/8/2022	4/5/2022
Porthos	Arrived Homes Series Porthos	Arrived GA Porthos, LLC	4/27/2023	6/14/2023
Quincy	Arrived Homes Series Quincy	Arrived CO Quincy, LLC	6/5/2022	6/28/2022
Redondo	Arrived Homes Series Redondo	Arrived NM Redondo, LLC	9/22/2022	10/31/2022
Regency	Arrived Homes Series Regency	Arrived OH Regency, LLC	12/1/2022	12/21/2022
Reginald	Arrived Homes Series Reginald	Arrived GA Reginald, LLC	6/17/2022	7/5/2022
Reynolds	Arrived Homes Series Reynolds	Arrived Homes Series Reynolds, a series of Arrived Homes, LLC	5/18/2022	6/2/2022

F-210

Series Name	Series Name	State LLC Name and wholly owned subsidiary of the Series	Date Formed	Acquisition Date
Ribbonwalk	Arrived Homes Series Ribbonwalk	Arrived NC Ribbonwalk, LLC	9/26/2021	10/28/2021
Richardson	Arrived Homes Series Richardson	Arrived AR Richardson, LLC	6/21/2022	7/8/2022
Ridge	Arrived Homes Series Ridge	Arrived SC Ridge, LLC	8/3/2021	7/9/2021
Ritter	Arrived Homes Series Ritter	Arrived CO Ritter, LLC	5/11/2022	5/27/2022
River	Arrived Homes Series River	Arrived SC River, LLC	8/3/2021	7/30/2021
Riverwalk	Arrived Homes Series Riverwalk	Arrived TN Riverwalk, LLC	5/31/2022	6/13/2022
Rooney	Arrived Homes Series Rooney	Arrived AZ Rooney, LLC	9/7/2021	10/13/2021
Roseberry	Arrived Homes Series Roseberry	Arrived SC Roseberry, LLC	8/3/2021	8/2/2021
Rosewood	Arrived Homes Series Rosewood	Arrived Homes Series Rosewood, a series of Arrived Homes, LLC	3/15/2022	4/18/2022
Roxy	Arrived Homes Series Roxy	Arrived TN Roxy, LLC	3/16/2022	4/7/2022
Saddlebred	Arrived Homes Series Saddlebred	Arrived CO Saddlebred, LLC	9/7/2021	10/1/2021
Saint	Arrived Homes Series Saint	Arrived AZ Saint, LLC	9/26/2021	1/13/2022
Sajni	Arrived Homes Series Sajni	Arrived GA Sajni, LLC	12/13/2022	1/24/2023
Salem	Arrived Homes Series Salem	Arrived AR Salem, LLC	8/3/2021	5/13/2021
Salinas	Arrived Homes Series Salinas	Arrived NM Salinas, LLC	12/9/2022	1/13/2023
Saturn	Arrived Homes Series Saturn	Arrived NC Saturn, LLC	8/3/2021	8/31/2021
Scepter	Arrived Homes Series Scepter	Arrived AZ Scepter, LLC	9/20/2021	10/13/2021
Sequoyah	Arrived Homes Series Sequoyah	Arrived AR Sequoyah, LLC	10/26/2022	11/9/2022
Shallowford	Arrived Homes Series Shallowford	Arrived TN Shallowford, LLC	6/21/2022	7/12/2022
Shoreline	Arrived Homes Series Shoreline	Arrived SC Shoreline, LLC	8/3/2021	6/18/2021
Sigma	Arrived Homes Series Sigma	Arrived NC Sigma, LLC	11/23/2021	12/17/2021
Simon	Arrived Homes Series Simon	Arrived TN Simon, LLC	5/16/2023	6/14/2023
Sims	Arrived Homes Series Sims	Arrived GA Sims, LLC	5/7/2023	5/31/2023
Soapstone	Arrived Homes Series Soapstone	Arrived AR Soapstone, LLC	8/3/2021	10/11/2019
Sodalis	Arrived Homes Series Sodalis	Arrived IN Sodalis, LLC	6/6/2022	6/27/2022
Spencer	Arrived Homes Series Spencer	Arrived SC Spencer, LLC	8/3/2021	6/22/2021
Splash	Arrived Homes Series Splash	Arrived AR Splash, LLC	8/3/2021	5/3/2021
Spring	Arrived Homes Series Spring	Arrived SC Spring, LLC	5/20/2022	6/30/2022
Stonebriar	Arrived Homes Series Stonebriar	Arrived Homes Series Stonebriar, a series of Arrived Homes, LLC	3/22/2022	4/18/2022
Sugar	Arrived Homes Series Sugar	Arrived SC Sugar, LLC	8/3/2021	7/7/2021
Summerset	Arrived Homes Series Summerset	Arrived SC Summerset, LLC	8/3/2021	6/21/2021
Sundance	Arrived Homes Series Sundance	Arrived NM Sundance, LLC	9/22/2022	10/14/2022
Sunnyside	Arrived Homes Series Sunnyside	Arrived Homes Series Sunnyside, a series of Arrived Homes, LLC	11/16/2022	12/20/2022
Swift	Arrived Homes Series Swift	Arrived GA Swift, LLC	4/13/2022	4/20/2022
Taylor	Arrived Homes Series Taylor	Arrived Homes Series Taylor, a series of Arrived Homes, LLC	6/13/2022	6/29/2022
Terracotta	Arrived Homes Series Terracotta	Arrived AZ Terracotta, LLC	1/17/2022	2/4/2022

F-211

Series Name	Series Name	State LLC Name and wholly owned subsidiary of the Series	Date Formed	Acquisition Date
Theodore	Arrived Homes Series Theodore	Arrived TN Theodore, LLC	5/16/2023	6/14/2023
Tulip	Arrived Homes Series Tulip	Arrived Homes Series Tulip, a series of Arrived Homes, LLC	3/3/2022	3/25/2022
Tuscan	Arrived Homes Series Tuscan	Arrived AR Tuscan, LLC	8/3/2021	5/13/2021
Tuscarora	Arrived Homes Series Tuscarora	Arrived NM Tuscarora, LLC	9/22/2022	12/22/2022
Tuxford	Arrived Homes Series Tuxford	Arrived SC Tuxford, LLC	1/17/2022	2/9/2022
Vernon	Arrived Homes Series Vernon	Arrived SC Vernon, LLC	8/3/2021	11/24/2021
Walton	Arrived Homes Series Walton	Arrived AR Walton, LLC	5/27/2022	6/24/2022
Wave	Arrived Homes Series Wave	Arrived GA Wave, LLC	12/27/2021	2/11/2022
Weldon	Arrived Homes Series Weldon	Arrived NC Weldon LLC	8/3/2021	9/17/2021
Wellington	Arrived Homes Series Wellington	Arrived GA Wellington, LLC	6/16/2022	7/7/2022
Wentworth	Arrived Homes Series Wentworth	Arrived AR Wentworth, LLC	8/3/2021	9/24/2021
Wescott	Arrived Homes Series Wescott	Arrived TN Wescott, LLC	4/15/2022	5/12/2022
Westchester	Arrived Homes Series Westchester	Arrived SC Westchester, LLC	8/3/2021	7/15/2021
Wildwood	Arrived Homes Series Wildwood	Arrived TN Wildwood, LLC	3/24/2022	4/25/2022
Willow	Arrived Homes Series Willow	Arrived AR Willow, LLC	6/8/2022	7/13/2022
Wilson	Arrived Homes Series Wilson	Arrived AR Wilson, LLC	6/7/2022	7/1/2022
Windsor	Arrived Homes Series Windsor	Arrived SC Windsor, LLC	8/3/2021	7/22/2021
Winston	Arrived Homes Series Winston	Arrived Homes Series Winston, a series of Arrived Homes, LLC	6/21/2022	7/8/2022
Wisteria	Arrived Homes Series Wisteria	Arrived Homes Series Wisteria, a series of Arrived Homes, LLC	3/4/2022	3/29/2022

F-212

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (U.S. GAAP) for interim financial information and the instructions to Form 1-SA and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the six months ended June 30, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. For further information, refer to the financial statements and footnotes thereto included in the Company’s latest Form 1-K.

The Series has adopted a calendar year as its fiscal year.

The Company is an emerging growth company as the term is used in The Jumpstart Our Business Startups Act, enacted on April 5, 2012, and has elected to comply with certain reduced public company reporting requirements, however, the Company may adopt accounting standards based on the effective dates for public entities.

Principles of Consolidation

These consolidated and consolidating financial statements include the accounts of Arrived Homes, LLC (the Company) and each Series listed in Note 1 (collectively the “Series”). All inter-company transactions and balances have been eliminated on consolidation.

Use of Estimates

The preparation of the consolidated and consolidating financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and liabilities at the date of the consolidated and consolidating financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ significantly from those estimates.

Deferred Offering Costs

The Company and Series complies with the requirements of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 340-10-S99-1 with regards to offering costs. Prior to the completion of an offering, offering costs are capitalized. The deferred offering costs are charged to members’ equity upon the completion of an offering or to expense if the offering is not completed. Offering costs include offering expense reimbursements and sourcing fees as noted below.

Per the operating agreement, the Manager is eligible to receive up to a maximum of 2% of the gross offering proceeds per the Series offering, as reimbursement for offering expenses including legal, accounting, escrow, underwriting, filing and compliance costs, as applicable, related to a specific offering.

Upon completion of an offering, the Series may also be required to pay the Manager sourcing fees as defined in the offering documents. The Manager is responsible for sourcing and analyzing the Series property.

F-213

Fair Value of Financial Instruments

FASB guidance specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect market assumptions. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of the fair value hierarchy are as follows:

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 1 primarily consists of financial instruments whose value is based on quoted market prices such as exchange-traded instruments and listed equities.

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly (e.g., quoted prices of similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in markets that are not active).

Level 3 - Unobservable inputs for the asset or liability. Financial instruments are considered Level 3 when their fair values are determined using pricing models, discounted cash flows or similar techniques and at least one significant model assumption or input is unobservable.

The carrying amounts reported in the balance sheets approximate their fair value.

Management Fee

For all Series qualified prior to July 12, 2022, the manager received and continues to receive from each such Series an annual asset management fee equal to one percent (1%) of the purchase price of the series property for such Series, paid out of the Series’ net operating rental income on a quarterly basis. For all Series qualified after July 12, 2022, the manager has received and will continue to receive from such Series an annual asset management fee equal to six tenths of a percent (0.6%) of the purchase price of the series property for such Series, paid out of the Series’ net operating rental income on a quarterly basis. Additionally, pursuant to the operating agreement, the Manager will receive reimbursements for out-of-pocket expenses in connection with the organization and offerings (up to a maximum of 2% of the gross offering proceeds per series offering), the operations and the acquisition of properties and in connection with third parties providing services to the Series. The Manager may also receive a portion of the property management fee and the property disposition fee as described below. With respect to the operating accounts for each series that the Manager maintains with a third-party bank, the manager will be entitled to receive any interest earned on the cash balances in such accounts. The Manager reserves the right to waive any fees or reimbursements it is due in its sole discretion.

Property Management Fee

The company will appoint an affiliate of the Manager or an unaffiliated third-party property management company to serve as property manager to manage the property of each Series pursuant to a property management agreement. In respect of the services provided by the applicable property manager, each Series will be responsible for a property management fee equal to eight percent (8%) of rents collected on the Series property. To the extent that, under the terms of a specific property management agreement, the property manager is paid a fee that is less than the eight percent (8%) for which the Series is responsible, the Manager will receive the difference as income. If the Series property is vacant and not producing rental income, neither the property management company nor the Manager is entitled to collect such fees.

F-214

The fee arrangements for each third-party property management company are set forth below:

Blue Canopy

As compensation for the services provided by the property manager, each series will be charged a property management fee equal to eight percent (7%) of all rents and fees as remitted to the series on a monthly basis and paid to the property manager pursuant to the property management agreement.

Marketplace Homes

As compensation for the services provided by the property manager, each series will be charged a property management fee of $70 on a monthly basis and paid to the property manager pursuant to the property management agreement.

Mynd

As compensation for the services provided by the property manager, each series will be charged a property management fee equal to six percent (6%) of all rents and fees as remitted to the series or a minimum property management fee of $84 on a monthly basis and paid to the property manager pursuant to the property management agreement.

Great Jones

As compensation for the services provided by the property manager, each series will be charged a property management fee equal to eight percent (8%) of all rents and fees as remitted to the series or a minimum property management fee of $99 on a monthly basis and paid to the property manager pursuant to the property management agreement.

Property Disposition Fee

Upon the disposition and sale of the Series property, the Manager will charge the Series a market rate property disposition fee that will cover property sale expenses such as brokerage commissions, and title, escrow and closing costs. It is expected that the disposition fee charged to the Series will range from six percent (6%) to seven percent (7%) of the property sale price. To the extent that the actual property disposition fees are less than the amount charged to the Series, the Manager will receive the difference as income.

Prepaid and Accrued Expenses

Prepaid expenses consist of prepaid insurance. Accrued expenses includes accrued property taxes, dividends, audit and tax fees, and interest payable on the Series’ mortgage.

Deposits

Deposits classified as assets represent security deposits paid or incurred by the Series. Tenant deposit liabilities represent security deposits received by tenant customers.

Property and Equipment 

Property and equipment are stated at cost less accumulated depreciation. The Series property and equipment includes the cost of the purchased property, including the building and related land. The Company allocates certain capitalized title fees and relevant acquisition expenses to the capitalized costs of the building. All capitalized property costs, except for the value attributable to the land, are depreciated using the straight-line method over the estimated useful life of 27.5 years. Additions and property improvements in excess of $5,000 are capitalized and depreciated using the straight-line method over the estimated useful lives of 5-7 years, while routine repairs and maintenance are charged to expense as incurred. At the time of retirement or other disposition of property and equipment, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is reflected in the statement of comprehensive income.

F-215

Impairment of Long-Lived Assets

The Series continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Series assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Series recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell. The Series did not record any impairment losses on long-lived assets for the six-months ended June 30, 2023.

Operating Expenses

The Series is responsible for the costs and expenses attributable to the activities of the Series. The Manager will bear its own expenses of an ordinary nature. If the operating expenses exceed the amount of revenues generated from a Series property and cannot be covered by any operating expense reserves on the balance sheet of the Series, the Manager may (a) pay such operating expenses and not seek reimbursement, in which case the expenses would be recognized by the Series with a credit to contributed capital. (b) loan the amount of the operating expenses to the Series, on which the Manager may impose a reasonable rate of interest and be entitled to reimbursement of such amount from future revenues generated by Series property, and/or (c) cause additional interests to be issued in the Series in order to cover such additional amounts. 

Revenue Recognition

The Series adopted ASU 2014-09, Revenue from Contracts with Customers, and its related amendments (collectively known as “ASC 606”), effective at inception using the modified retrospective transition approach applied to all contracts. There were no cumulative impacts that were made. The Series determines revenue recognition through the following steps:

● Identification of a contract with a customer;

● Identification of the performance obligations in the contract;

● Determination of the transaction price;

● Allocation of the transaction price to the performance obligations in the contract; and

● Recognition of revenue when or as the performance obligations are satisfied.

Revenue is recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Series expects to be entitled to in exchange for those goods or services. As a practical expedient, the Series does not adjust the transaction price for the effects of a significant financing component if, at contract inception, the period between customer payment and the transfer of goods or services is expected to be one year or less.

The Series recognizes rental revenue on a monthly basis when earned.

F-216

Comprehensive Income (Loss)

The Company and Series follows FASB ASC 220 in reporting comprehensive income. Comprehensive income is a more inclusive financial reporting methodology that includes disclosure of certain financial information that historically has not been recognized in the calculation of net income. Since the Company has no items of other comprehensive income (loss), comprehensive income (loss) is equal to net income (loss).

Organizational Costs

In accordance with FASB ASC 720, Organizational Costs, including accounting fees, legal fees, and costs of incorporation, are expensed as incurred.

Income Taxes

Some Series have elected and qualify to be taxed as a separate real estate investment trust, or REIT, for U.S. federal and state income tax purposes. Therefore, the net incomes (loss) from each Series is passed through to the members these Series and reported on their individual tax returns.

Other Series have elected and are qualified to be taxed as a C corporation.

Each Series that elected to be taxed as a C Corporation uses the liability method of accounting for income taxes as set forth in ASC 740, Income Taxes. Under the liability method, deferred taxes are determined based on the temporary differences between the financial statement and tax basis of assets and liabilities using tax rates expected to be in effect during the years in which the basis differences reverse. A valuation allowance is recorded when it is unlikely that the deferred tax assets will not be realized. Each Series assesses its income tax positions and record tax benefits for all years subject to examination based upon our evaluation of the facts, circumstances and information available at the reporting date. In accordance with ASC 740-10, for those tax positions where there is a greater than 50% likelihood that a tax benefit will be sustained, the Series policy will be to record the largest amount of tax benefit that is more likely than not to be realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where there is less than 50% likelihood that a tax benefit will be sustained, no tax benefit will be recognized in the consolidated financial statements.

Recently Issued and not yet adopted and adopted accounting pronouncements

In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842). This ASU requires a lessee to recognize a right-of-use asset and a lease liability under most operating leases in its balance sheet. The ASU is effective for annual and interim periods beginning after December 15, 2021. Early adoption is permitted. The Series adopted this standard effective January 1, 2023 and it did not have a material impact on their consolidated and consolidating financial statements.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) and has issued subsequent amendments to this guidance. This new standard will replace all current guidance on this topic and eliminate all industry-specific guidance. The new revenue recognition standard provides a unified model to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. The guidance is effective for interim and annual periods beginning after December 31, 2018. The standard may be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. The Company and Series has adopted this standard upon inception and it did not have a material impact on their consolidated and consolidating financial statements.

Management does not believe that any other recently issued, but not yet adopted, accounting standards could have a material effect on the accompanying consolidated and consolidating financial statements. As new accounting pronouncements are issued, the Company and Series will adopt those that are applicable under the circumstances.

F-217

NOTE 3: GOING CONCERN

The accompanying consolidated and consolidating financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company and Series has a lack of liquidity, nominal cash, and has limited operations since inception. These factors, among others, raise substantial doubt about the ability of the Company and Series to continue as a going concern for a reasonable period of time. The Company and Series’ ability to continue as a going concern in the next twelve months from this filing is dependent upon their ability to continue to generate cash flow from their rental properties and/or obtain financing from the Manager. However, there are no assurance that the Company and Series can continue to generate cash flow from their rental properties or that the Manager will always be in the position to provide funding when needed. The consolidated and consolidating financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company and Series be unable to continue as a going concern.

NOTE 4: PROPERTY AND EQUIPMENT

Property and equipment, net consists of the following:

June 30, 2023

Series	Building		Land		Property Improvements		Total		Less: Accumulated Depreciation		Property and equipment, net
100	$	464,472	$	154,824	$	-	$	619,296	$	18,297	$	600,998
101		479,535		159,845		-		639,380		17,438		621,942
Abbington		361,773		120,591		6,695		489,059		13,155		475,904
Amber		231,434		76,250		-		307,684		14,728		292,956
Apollo		148,028		49,343		-		197,371		5,383		191,988
Aster		192,736		64,093		-		256,829		5,841		250,989
Augusta		224,136		74,712		-		298,848		-		298,848
Avebury		219,734		73,245		-		292,978		9,988		282,990
Avondale		248,780		82,927		-		331,707		-		331,707
Badminton		192,775		63,750		-		256,525		14,020		242,505
Bandelier		229,358		122,465		-		351,823		13,900		337,923
Baron		440,147		142,573		-		582,719		16,005		566,714
Basil		153,138		50,625		-		203,763		11,137		192,626
Bayside		193,863		63,750		-		257,613		13,512		244,101
Bazzel		187,453		62,484		19,530		269,468		7,018		262,450
Bedford		211,603		70,534		-		282,138		8,977		273,160
Bella		231,329		77,110		-		308,439		-		308,439
Belle		332,313		110,771		-		443,084		11,077		432,007
Belvedere		222,829		74,276		-		297,105		-		297,105
Bergenia		-		-		-		-		-		-
Blossom		192,230		64,077		-		256,307		5,825		250,482
Bonneau		253,239		84,413		5,330		342,982		8,473		334,508
Brainerd		219,905		72,500		-		292,405		3,998		288,407
Braxton		244,842		80,875		-		325,717		7,419		318,297
Brennan		171,314		57,105		-		228,419		6,749		221,670
Brooklyn		125,094		41,500		6,328		172,922		2,802		170,120
Burlington		490,374		163,458		-		653,831		17,832		636,000
Butter		286,835		93,724		-		380,558		16,433		364,125
Camino		200,434		66,811		-		267,245		6,681		260,564
Campbell		-		-		-		-		-		-

F-218

Series	Building		Land		Property Improvements		Total		Less: Accumulated Depreciation		Property and equipment, net
Cawley		237,152		79,051		-		316,203		-		316,203
Centennial		215,425		71,250		-		286,675		15,668		271,007
Chaparral		148,009		49,491		-		197,500		13,288		184,212
Chelsea		232,861		77,620		-		310,481		10,585		299,897
Chester		280,215		93,000		-		373,215		8,491		364,723
Chickamauga		282,098		93,075		-		375,173		5,129		370,044
Chinook		230,186		76,729		-		306,915		-		306,915
Chitwood		289,031		96,344		-		385,375		9,634		375,740
Clover		241,810		80,603		-		322,413		8,060		314,353
Coatbridge		205,145		67,500		-		272,645		14,298		258,347
Collier		268,326		89,442		-		357,769		8,944		348,824
Collinston		159,806		52,500		-		212,306		10,169		202,137
Conway		519,077		171,250		-		690,327		15,730		674,597
Cove		158,950		52,983		-		211,933		963		210,970
Creekside		234,815		78,472		-		313,287		7,827		305,460
Creekwood		218,448		72,375		-		290,823		6,620		284,204
Cumberland		223,247		74,416		-		297,662		6,765		290,897
Cupcake		166,444		54,639		8,000		229,083		11,278		217,804
Cypress		275,692		91,250		-		366,942		7,518		359,424
Daisy		227,590		75,863		-		303,453		7,586		295,867
Davidson		160,008		52,500		-		212,508		9,697		202,810
Dawson		171,298		56,250		5,028		232,575		12,861		219,715
Delta		257,741		85,914		-		343,654		12,496		331,158
Dewberry		143,700		47,500		-		191,200		10,451		180,749
Diablo		195,243		103,950		-		299,193		9,521		289,671
Dogwood		182,125		60,000		-		242,125		6,071		236,054
Dolittle		232,183		76,093		-		308,276		13,368		294,908
Dolly		521,147		173,682		-		694,829		17,372		677,458
Dops		154,480		51,250		-		205,730		2,341		203,389
Dorchester		259,980		86,660		-		346,640		8,666		337,973
Dunbar		243,644		81,215		-		324,859		8,860		315,999
Eagle		203,903		67,968		-		271,871		5,561		266,309
Eastfair		162,575		53,750		-		216,325		11,824		204,501
Elevation		201,118		65,837		-		266,955		14,017		252,938
Ella		197,272		65,757		-		263,030		2,391		260,639
Ellen		-		-		-		-		-		-
Elm		125,176		41,250		-		166,426		8,433		157,993
Emporia		265,811		88,604		-		354,415		12,888		341,527
Ensenada		366,214		196,000		-		562,214		22,221		539,993
Falcon		204,606		67,500		-		272,106		4,960		267,145
Felix		187,146		62,382		-		249,528		-		249,528
Fenwick		226,605		75,535		-		302,140		-		302,140
Folly		235,178		78,393		8,504		322,074		8,831		313,243
Forest		265,264		87,500		-		352,764		19,292		333,472
Foster		236,883		78,961		-		315,843		-		315,843

F-219

Series	Building		Land		Property Improvements		Total		Less: Accumulated Depreciation		Property and equipment, net
Franklin		225,740		75,247		-		300,987		-		300,987
Gardens		166,712		55,571		-		222,283		7,073		215,210
General		238,814		79,605		-		318,419		-		318,419
Goose		189,997		63,332		-		253,329		5,182		248,147
Grant		244,818		129,500		-		374,318		14,837		359,480
Greenhill		246,644		82,215		-		328,858		11,959		316,900
Gretal		341,305		112,500		-		453,805		8,274		445,531
Grove		170,579		56,860		13,000		240,439		9,620		230,819
Hadden		166,460		55,487		-		221,947		8,071		213,876
Hansard		229,327		75,709		-		305,035		3,475		301,561
Hansel		305,996		101,999		-		407,994		8,345		399,649
Harrison		346,265		115,000		-		461,265		10,493		450,772
Henry		325,137		108,379		-		433,516		10,838		422,678
Heritage		220,017		73,339		5,056		298,412		9,679		288,733
Heron		216,890		72,297		5,305		294,492		9,605		284,887
Highland		216,811		72,270		-		289,081		7,227		281,854
Hines		193,050		64,350		8,950		266,350		7,020		259,330
Holcomb		268,238		89,413		-		357,651		9,754		347,896
Holland		160,008		52,500		-		212,508		10,182		202,325
Hollandaise		276,552		92,184		-		368,736		12,571		356,165
Holloway		256,950		85,000		-		341,950		18,687		323,263
Inglewood		514,831		169,750		-		684,581		15,601		668,980
Jack		313,439		104,480		13,564		431,482		14,013		417,469
Jake		445,114		148,371		-		593,485		16,186		577,299
Jefferson		207,755		68,441		-		276,196		3,148		273,048
Jill		302,035		101,838		-		403,872		9,153		394,720
Johnny		442,591		147,497		-		590,089		14,753		575,336
June		442,591		147,497		-		590,089		14,753		575,336
Jupiter		159,802		52,500		-		212,302		10,169		202,133
Kawana		208,216		69,405		-		277,621		9,464		268,156
Kennesaw		321,006		107,002		-		428,008		10,700		417,307
Kenny		521,147		173,682		-		694,829		17,372		677,458
KerriAnn		257,713		85,000		-		342,713		15,619		327,094
Kessler		195,429		65,143		5,526		266,098		7,527		258,570
Kingsley		238,075		78,750		-		316,825		17,161		299,664
Kirkwood		197,564		65,855		-		263,419		7,783		255,636
Korin		210,256		69,716		-		279,972		3,823		276,149
Lallie		280,725		92,500		-		373,225		20,462		352,763
Lanier		285,656		95,219		-		380,875		11,253		369,622
Lannister		132,923		44,308		6,100		183,331		6,765		176,566
Latte		275,597		91,866		-		367,463		9,187		358,276
Lennox		163,783		53,750		-		217,533		11,415		206,118
Lierly		161,250		53,750		-		215,000		14,333		200,667
Lily		380,574		126,250		31,533		538,356		26,320		512,036
Limestone		221,258		72,500		-		293,758		14,080		279,677
Litton		242,715		80,000		-		322,715		4,413		318,302
Longwoods		203,601		67,867		-		271,468		-		271,468
Lookout		260,780		86,927		-		347,707		9,483		338,224
Loretta		518,678		171,250		-		689,928		15,718		674,211
Louis		203,538		67,846		-		271,384		-		271,384
Louise		208,392		69,464		-		277,856		8,841		269,015

F-220

Series	Building		Land		Property Improvements		Total		Less: Accumulated Depreciation		Property and equipment, net
Lovejoy		222,438		74,146		-		296,584		10,111		286,473
Luna		162,575		53,750		-		216,325		11,824		204,501
Lurleen		165,449		55,150		10,401		230,999		4,414		226,586
Madison		155,520		51,840		-		207,360		5,655		201,705
Mae		267,516		89,172		-		356,688		8,917		347,771
Magnolia		189,690		63,230		7,050		259,970		8,883		251,087
Malbec		241,344		80,225		-		321,568		18,746		302,822
Mammoth		257,706		85,902		-		343,608		10,933		332,675
Marcelo		215,116		71,705		-		286,822		6,519		280,303
Marie		241,848		79,625		-		321,473		3,664		317,808
Marietta		228,678		76,807		-		305,485		7,623		297,862
Marion		192,484		64,161		-		256,645		-		256,645
Marple		132,652		44,217		-		176,869		-		176,869
Martell		196,472		65,491		-		261,963		-		261,963
Mary		205,277		68,426		-		273,703		-		273,703
Matchingham		160,191		52,273		-		212,463		9,709		202,755
McGregor		227,254		75,751		-		303,005		8,952		294,052
McLovin		343,044		183,750		-		526,794		18,656		508,137
Meadow		242,548		80,000		-		322,548		15,435		307,113
Mimosa		159,969		53,750		-		213,719		3,939		209,780
Mojave		178,180		58,500		8,000		244,680		12,641		232,039
Murphy		224,701		73,612		-		298,312		12,937		285,375
Mycroft		135,657		45,219		-		180,876		-		180,876
Nugget		423,141		141,047		-		564,188		15,387		548,801
Odessa		403,261		133,750		-		537,011		25,662		511,349
Olive		175,139		57,500		5,044		237,683		13,131		224,552
Oly		344,549		184,100		-		528,649		19,842		508,807
Onyx		245,598		81,866		-		327,464		-		327,464
Oscar		188,729		62,910		-		251,638		-		251,638
Osceola		211,769		70,590		-		282,359		-		282,359
Osprey		264,002		88,001		6,901		358,903		10,180		348,723
Otoro		296,828		98,943		-		395,771		12,593		383,178
Palmer		220,930		73,643		-		294,574		-		294,574
Patrick		158,368		52,551		6,319		217,239		14,127		203,112
Peanut		163,038		54,346		-		217,385		6,917		210,468
Pearl		412,412		137,471		-		549,882		14,997		534,885
Pecan		157,052		52,124		-		209,176		13,804		195,372
Piedmont		289,947		97,027		-		386,974		9,665		377,310
Pinot		243,611		81,054		-		324,665		18,923		305,742
Pioneer		431,448		143,816		15,000		590,263		14,382		575,882
Plumtree		151,745		50,738		-		202,483		13,776		188,707
Point		288,748		96,249		-		384,997		11,375		373,622
Porthos		228,114		76,038		-		304,152		-		304,152
Quincy		413,303		137,768		-		551,071		13,777		537,294
Redondo		236,941		78,750		-		315,691		5,026		310,665
Regency		208,617		68,750		-		277,367		3,161		274,206
Reginald		329,750		108,750		8,200		446,700		11,222		435,477
Reynolds		324,775		108,258		-		433,033		10,826		422,207
Ribbonwalk		241,740		80,000		-		321,740		14,651		307,089
Richardson		237,659		78,750		-		316,409		7,202		309,207

F-221

Series	Building		Land		Property Improvements		Total		Less: Accumulated Depreciation		Property and equipment, net
Ridge		164,536		54,000		-		218,536		11,468		207,068
Ritter		381,271		127,090		-		508,362		13,864		494,497
River		201,388		66,250		-		267,638		14,036		253,602
Riverwalk		298,504		99,501		-		398,005		9,950		388,055
Rooney		243,218		129,500		-		372,718		14,740		357,977
Roseberry		248,204		81,250		-		329,454		16,547		312,907
Rosewood		204,541		68,180		-		272,722		8,058		264,664
Roxy		246,352		82,117		-		328,469		9,705		318,764
Saddlebred		357,856		118,750		17,602		494,208		26,740		467,468
Saint		208,509		112,274		-		320,783		10,110		310,674
Sajni		226,838		75,613		14,142		316,592		3,457		313,136
Salem		241,306		80,225		-		321,531		18,744		302,787
Salinas		172,670		57,557		-		230,227		2,093		228,134
Saturn		163,562		53,750		6,480		223,792		11,155		212,637
Scepter		178,069		94,500		-		272,569		10,792		261,777
Sequoyah		187,039		62,000		-		249,039		3,401		245,638
Shallowford		272,709		90,500		-		363,209		8,287		354,922
Shoreline		234,300		77,500		-		311,800		16,330		295,470
Sigma		292,989		96,250		-		389,239		15,981		373,258
Simon		218,698		72,899		-		291,597		-		291,597
Sims		206,196		68,732		-		274,929		-		274,929
Soapstone		165,000		55,000		-		220,000		14,667		205,333
Sodalis		218,882		72,961		-		291,842		7,296		284,546
Spencer		227,685		75,000		-		302,685		16,627		286,058
Splash		163,770		53,750		-		217,520		12,903		204,617
Spring		187,077		62,359		-		249,436		6,236		243,200
Stonebriar		153,288		51,096		-		204,385		6,039		198,346
Sugar		235,235		77,500		-		312,735		16,404		296,331
Summerset		192,776		63,750		-		256,526		14,020		242,505
Sundance		238,965		78,750		7,575		325,290		6,079		319,211
Sunnyside		167,162		55,721		-		222,882		2,533		220,349
Swift		259,781		86,594		5,641		352,015		11,362		340,653
Taylor		173,433		58,010		5,354		236,796		6,673		230,123
Terracotta		208,259		112,139		-		320,398		8,835		311,562
Theodore		217,070		72,357		-		289,427		-		289,427
Tulip		239,969		79,990		-		319,959		10,181		309,778
Tuscan		244,164		80,225		-		324,389		18,941		305,447
Tuscarora		252,508		83,998		-		336,505		3,826		332,679
Tuxford		198,079		66,026		-		264,106		9,004		255,102
Vernon		199,031		64,942		-		263,973		13,872		250,101
Walton		226,775		75,592		-		302,367		7,559		294,808
Wave		252,771		84,590		-		337,362		11,490		325,872
Weldon		159,806		52,500		-		212,306		10,169		202,137
Wellington		306,669		101,250		6,650		414,569		9,847		404,722
Wentworth		172,251		56,550		8,000		236,801		12,257		224,544
Wescott		207,088		69,029		-		276,118		7,530		268,587
Westchester		257,791		85,000		-		342,791		17,967		324,824
Wildwood		166,727		55,576		-		222,303		6,568		215,735
Willow		221,118		73,250		-		294,368		6,701		287,668
Wilson		289,478		96,830		5,795		392,103		10,649		381,455
Windsor		264,500		87,500		-		352,000		18,435		333,565
Winston		248,565		82,855		-		331,420		7,532		323,888
Wisteria		224,188		74,729		-		298,918		9,511		289,407
Consolidated	$	54,812,800	$	18,717,454	$	292,602	$	73,822,856	$	2,177,102	$	71,645,754

F-222

June 30, 2022

Series	Building		Land		Property Improvements		Total		Less: Accumulated Depreciation		Property and equipment, net
100	$	465,546	$	153,750	$	-	$	619,296	$	1,407	$	617,888
101		480,630		158,750		-		639,380		-	$	639,380
Abbington		362,364		120,000		-		482,364		-	$	482,364
Amber		231,434		76,250		-		307,684		6,312	$	301,372
Apollo		148,621		48,750		-		197,371		-	$	197,371
Avebury		219,734		73,245		-		292,978		1,998	$	290,980
Badminton		192,775		63,750		-		256,525		7,010	$	249,515
Bandelier		229,358		122,465		-		351,823		5,560	$	346,263
Baron		440,219		142,500		-		582,719		-	$	582,719
Basil		153,138		50,625		-		203,763		5,569	$	198,194
Bayside		193,863		63,750		-		257,613		6,462	$	251,150
Bazzel		207,343		62,125		-		269,468		568	$	268,900
Bedford		211,603		70,534		-		282,138		1,924	$	280,214
Burlington		490,456		163,375		-		653,831		-	$	653,831
Butter		286,835		93,724		-		380,558		6,054	$	374,504
Centennial		215,425		71,250		-		286,675		7,835	$	278,840
Chaparral		148,009		49,491		-		197,500		7,889	$	189,611
Chelsea		232,861		77,620		-		310,481		2,117	$	308,364
Clover		249,953		82,500		-		332,453		-	$	332,453
Coatbridge		205,145		67,500		-		272,645		6,838	$	265,807
Collier		269,019		88,750		-		357,769		-	$	357,769
Collinston		159,806		52,500		-		212,306		4,358	$	207,948
Cupcake		174,444		54,639		-		229,083		4,785	$	224,298
Davidson		160,008		52,500		-		212,508		3,879	$	208,629
Dawson		171,298		56,250		-		227,548		5,710	$	221,838
Delta		257,741		85,914		-		343,654		3,099	$	340,555
Dewberry		143,700		47,500		-		191,200		5,225	$	185,974
Diablo		195,243		103,950		-		299,193		3,571	$	295,622
Dogwood		182,125		60,000		-		242,125		-	$	242,125
Dolittle		232,183		76,093		-		308,276		4,925	$	303,351
Dorchester		260,390		86,250		-		346,640		788	$	345,852
Dunbar		244,359		80,500		-		324,859		-	$	324,859
Eastfair		162,575		53,750		-		216,325		5,912	$	210,413
Elevation		201,118		65,837		-		266,955		6,704	$	260,251
Elm		125,176		41,250		-		166,426		3,833	$	162,592
Emporia		265,811		88,604		-		354,415		3,188	$	351,227
Ensenada		366,214		196,000		-		562,214		8,888	$	553,326
Folly		235,570		78,000		-		313,570		713	$	312,858
Forest		265,264		87,500		-		352,764		9,646	$	343,118
Gardens		167,308		54,975		-		222,283		1,010	$	221,272
Grant		244,818		129,500		-		374,318		5,935	$	368,383
Greenhill		246,644		82,215		-		328,858		3,006	$	325,852
Grove		171,189		56,250		-		227,439		1,034	$	226,405
Hadden		166,460		55,487		-		221,947		2,036	$	219,911
Heritage		220,856		72,500		-		293,356		667	$	292,689
Heron		217,437		71,750		-		289,187		657	$	288,530
Hines		193,650		63,750		-		257,400		-	$	257,400
Holcomb		268,901		88,750		-		357,651		-	$	357,651

F-223

Series	Building		Land		Property Improvements		Total		Less: Accumulated Depreciation		Property and equipment, net
Holland		160,008		52,500		-		212,508		4,364	$	208,144
Hollandaise		276,552		92,184		-		368,736		2,514	$	366,222
Holloway		256,950		85,000		-		341,950		9,344	$	332,606
Jack		314,480		103,439		-		417,918		1,900	$	416,019
Jake		445,185		148,300		-		593,485		-	$	593,485
Johnny		443,839		146,250		-		590,089		1,341	$	588,748
June		443,839		146,250		-		590,089		1,341	$	588,748
Jupiter		159,802		52,500		-		212,302		4,358	$	207,944
Kawana		208,216		69,405		-		277,621		1,893	$	275,728
Kennesaw		321,758		106,250		-		428,008		973	$	427,035
KerriAnn		257,713		85,000		-		342,713		6,248	$	336,465
Kingsley		238,075		78,750		-		316,825		8,580	$	308,245
Kirkwood		198,419		65,000		-		263,419		599	$	262,820
Lallie		280,725		92,500		-		373,225		10,231	$	362,994
Lanier		286,625		94,250		-		380,875		866	$	380,009
Lannister		133,481		43,750		-		177,231		610	$	176,621
Latte		276,213		91,250		-		367,463		-	$	367,463
Lennox		163,783		53,750		-		217,533		5,459	$	212,074
Lierly		161,250		53,750		-		215,000		8,470	$	206,530
Lily		412,106		126,250		-		538,356		10,379	$	527,977
Limestone		221,258		72,500		-		293,758		6,034	$	287,723
Lookout		261,457		86,250		-		347,707		-	$	347,707
Louise		209,106		68,750		-		277,856		1,263	$	276,593
Lovejoy		222,438		74,146		-		296,584		2,005	$	294,579
Luna		162,575		53,750		-		216,325		5,912	$	210,413
Madison		156,110		51,250		-		207,360		-	$	207,360
Magnolia		190,420		62,500		-		252,920		575	$	252,345
Malbec		241,344		80,225		-		321,568		9,970	$	311,598
Mammoth		258,608		85,000		-		343,608		1,562	$	342,046
Matchingham		160,191		52,273		-		212,463		3,883	$	208,580
McGregor		228,005		75,000		-		303,005		689	$	302,316
McLovin		343,044		183,750		-		526,794		6,219	$	520,575
Meadow		242,548		80,000		-		322,548		6,615	$	315,933
Mojave		186,180		58,500		-		244,680		5,148	$	239,532
Murphy		224,701		73,612		-		298,312		4,766	$	293,546
Nugget		423,688		140,500		-		564,188		-	$	564,188
Odessa		403,261		133,750		-		537,011		10,998	$	526,013
Olive		175,139		57,500		-		232,639		5,838	$	226,801
Oly		344,549		184,100		-		528,649		7,311	$	521,337
Osprey		264,502		87,500		-		352,002		-	$	352,002
Otoro		297,771		98,000		-		395,771		1,953	$	393,818
Patrick		158,368		52,551		-		210,919		8,144	$	202,775
Peanut		163,635		53,750		-		217,385		988	$	216,396
Pearl		413,382		136,500		-		549,882		-	$	549,882

F-224

Series	Building		Land		Property Improvements		Total		Less: Accumulated Depreciation		Property and equipment, net
Pecan		157,052		52,124		-		209,176		8,079	$	201,097
Pinot		243,611		81,054		-		324,665		10,064	$	314,600
Pioneer		446,563		143,700		-		590,263		1,307	$	588,956
Plumtree		151,745		50,738		-		202,483		8,241	$	194,242
Point		289,372		95,625		-		384,997		875	$	384,122
Reynolds		325,533		107,500		-		433,033		-	$	433,033
Ribbonwalk		241,740		80,000		-		321,740		5,860	$	315,880
Ridge		164,536		54,000		-		218,536		5,484	$	213,052
Ritter		381,362		127,000		-		508,362		-	$	508,362
River		201,388		66,250		-		267,638		6,713	$	260,925
Riverwalk		299,255		98,750		-		398,005		905	$	397,101
Rooney		243,218		129,500		-		372,718		5,896	$	366,821
Roseberry		248,204		81,250		-		329,454		7,521	$	321,932
Rosewood		205,222		67,500		-		272,722		-	$	272,722
Roxy		247,219		81,250		-		328,469		747	$	327,722
Saddlebred		357,856		118,750		-		476,606		11,302	$	465,305
Saint		208,509		112,274		-		320,783		2,536	$	318,248
Salem		241,306		80,225		-		321,531		9,969	$	311,562
Saturn		170,042		53,750		-		223,792		5,187	$	218,604
Scepter		178,069		94,500		-		272,569		4,317	$	268,252
Shoreline		234,300		77,500		-		311,800		8,520	$	303,280
Sigma		292,989		96,250		-		389,239		5,327	$	383,912
Soapstone		165,000		55,000		-		220,000		8,667	$	211,333
Spencer		227,685		75,000		-		302,685		8,313	$	294,372
Splash		163,770		53,750		-		217,520		6,948	$	210,572
Stonebriar		153,885		50,500		-		204,385		465	$	203,920
Sugar		235,235		77,500		-		312,735		7,846	$	304,889
Summerset		192,776		63,750		-		256,526		7,010	$	249,515
Swift		259,875		86,500		-		346,375		787	$	345,587
Terracotta		208,259		112,139		-		320,398		1,262	$	319,136
Tulip		240,709		79,250		-		319,959		1,454	$	318,504
Tuscan		244,164		80,225		-		324,389		10,063	$	314,326
Tuxford		198,079		66,026		-		264,106		1,801	$	262,305
Vernon		199,031		64,942		-		263,973		4,222	$	259,751
Walton		227,367		75,000		-		302,367		-	$	302,367
Wave		252,771		84,590		-		337,362		2,307	$	335,055
Weldon		159,806		52,500		-		212,306		4,358	$	207,948
Wentworth		180,251		56,550		-		236,801		4,980	$	231,822
Wescott		207,993		68,125		-		276,118		-	$	276,118
Westchester		257,791		85,000		-		342,791		8,593	$	334,198
Wildwood		167,303		55,000		-		222,303		505	$	221,797
Windsor		264,500		87,500		-		352,000		8,817	$	343,183
Wisteria		224,819		74,099		-		298,918		1,359	$	297,559
Consolidated	$	32,686,064	$	11,283,335	$	-	$	43,969,399	$	525,058	$	43,444,342

Depreciation expense was $2,177,102 for the six months ended June 30, 2023 and $525,058 for the six months ended June 30, 2022. 

F-225

NOTE 5: MORTGAGE PAYABLE, NET

The Series have mortgages with Arvest Bank, Certain Lending and Arrived Holdings, Inc. The following is a summary of the mortgages by each Series as of June 30, 2023 and 2022:

JUNE 30, 2023

Series	Lender	Mortgage Principal		Financing Strategy	Term	Interest Only Period		Interest Rate
100	Cash no Lender	$	-	Cash	Cash
101	Cash no Lender		-	Cash	Cash
Abbington	Cash no Lender		-	Cash	Cash
Amber	Certain Lending		200,830	Term	30		7		3.875	%
Apollo	Certain Lending		136,500	Term	30		7		5.625	%
Aster	Certain Lending		127,500	Term	30		7		6.625	%
Augusta	Cash no Lender		-	Cash	Cash
Avebury	Certain Lending		203,000	Term	30		7		3.875	%
Avondale	Cash no Lender		-	Cash	Cash
Badminton	Certain Lending		174,200	Term	30		5		4.625	%
Bandelier	Certain Lending		244,930	Term	30		7		3.875	%
Baron	Cash no Lender		-	Cash	Cash
Basil	Certain Lending		131,625	Term	30		5		4.625	%
Bayside	Certain Lending		165,750	Term	30		7		4.625	%
Bazzel	Cash no Lender		-	Cash	Cash
Bedford	Certain Lending		196,000	Term	30		7		3.875	%
Bella	Cash no Lender		-	Cash	Cash
Belle	Cash no Lender		-	Cash	Cash		0
Belvedere	Cash no Lender		-	Cash	Cash
Bergenia	Cash no Lender		-	Cash	Cash
Blossom	Cash no Lender		-	Cash	Cash		0
Bonneau	Cash no Lender		-	Cash	Cash		0
Brainerd	Arrived Holdings		145,000	Term	30		5
Braxton	Cash no Lender		-	Cash	Cash		0
Brennan	Certain Lending		157,500	Term	30		7		5.625	%
Brooklyn	Arrived Holdings		83,000	Term	30		5
Burlington	Cash no Lender		-	Cash	Cash
Butter	Certain Lending		262,426	Term	30		7		3.875	%
Camino	Cash no Lender		-	Cash	Cash		0
Campbell	Cash no Lender		-	Cash	Cash		0
Cawley	Cash no Lender		-	Cash	Cash
Centennial	Certain Lending		190,000	Term	30		5		4.625	%
Chaparral	Arvest Bank		104,310	Term	10		5		4.000	%
Chelsea	Certain Lending		215,492	Term	30		7		3.875	%
Chester	Certain Lending		186,000	Term	30		7		6.625	%
Chickamauga	Cash no Lender		-	Cash	Cash		0
Chinook	Cash no Lender		-	Cash	Cash
Chitwood	Cash no Lender		-	Cash	Cash		0
Clover	Cash no Lender		-	Cash	Cash
Coatbridge	Certain Lending		175,500	Term	30		5		4.625	%
Collier	Cash no Lender		-	Cash	Cash
Collinston	Certain Lending		136,500	Term	30		5		3.875	%
Conway	Cash no Lender		-	Cash	Cash		0
Cove	Cash no Lender		-	Cash	Cash

F-226

Series	Lender	Mortgage Principal		Financing Strategy	Term	Interest Only Period		Interest Rate
Creekside	Cash no Lender		-	Cash	Cash		0
Creekwood	Certain Lending		144,750	Term	30		7		6.625	%
Cumberland	Cash no Lender		-	Cash	Cash		0
Cupcake	Certain Lending		152,989	Term	30		7		3.875	%
Cypress	Certain Lending		182,500	Term	30		7		6.625	%
Daisy	Cash no Lender		-	Cash	Cash		0
Davidson	Certain Lending		147,000	Term	30		7		3.875	%
Dawson	Certain Lending		146,250	Term	30		5		4.625	%
Delta	Certain Lending		226,800	Term	30		7		3.875	%
Dewberry	Certain Lending		121,225	Term	30		5		4.625	%
Diablo	Certain Lending		207,900	Term	30		7		3.875	%
Dogwood	Cash no Lender		-	Cash	Cash
Dolittle	Certain Lending		207,577	Term	30		7		3.875	%
Dolly	Cash no Lender		-	Cash	Cash		0
Dops	Cash no Lender		-	Cash	Cash		0
Dorchester	Cash no Lender		-	Cash	Cash
Dunbar	Cash no Lender		-	Cash	Cash
Eagle	Certain Lending		135,000	Term	30		7		6.625	%
Eastfair	Certain Lending		150,000	Term	30		5		4.625	%
Elevation	Certain Lending		172,250	Term	30		5		4.625	%
Ella	Cash no Lender		-	Cash	Cash
Ellen	Cash no Lender		-	Cash	Cash
Elm	Certain Lending		107,250	Term	30		5		4.625	%
Emporia	Certain Lending		245,000	Term	30		7		3.875	%
Ensenada	Certain Lending		392,000	Term	30		7		3.875	%
Falcon	Certain Lending		135,000	Term	30		7		6.625	%
Felix	Cash no Lender		-	Cash	Cash
Fenwick	Cash no Lender		-	Cash	Cash
Folly	Cash no Lender		-	Cash	Cash
Forest	Certain Lending		227,500	Term	30		5		4.625	%
Foster	Cash no Lender		-	Cash	Cash
Franklin	Cash no Lender		-	Cash	Cash
Gardens	Certain Lending		136,500	Term	30		7		4.750	%
General	Cash no Lender		-	Cash	Cash
Goose	Certain Lending		125,750	Term	30		7		6.625	%
Grant	Certain Lending		259,000	Term	30		7		3.875	%
Greenhill	Certain Lending		227,784	Term	30		7		3.875	%
Gretal	Cash no Lender		-	Cash	Cash		0
Grove	Certain Lending		157,500	Term	30		7		4.750	%
Hadden	Certain Lending		143,500	Term	30		7		3.875	%
Hansard	Cash no Lender		-	Cash	Cash		0
Hansel	Certain Lending		201,995	Term	30		7		6.625	%
Harrison	Certain Lending		230,000	Term	30		7		6.625	%
Henry	Cash no Lender		-	Cash	Cash		0
Heritage	Certain Lending		203,000	Term	30		7		4.750	%
Heron	Certain Lending		200,900	Term	30		7		4.750	%
Highland	Cash no Lender		-	Cash	Cash		0
Hines	Cash no Lender		-	Cash	Cash

F-227

Series	Lender	Mortgage Principal		Financing Strategy	Term	Interest Only Period		Interest Rate
Holcomb	Cash no Lender		-	Cash	Cash
Holland	Certain Lending		147,000	Term	30		5		4.625	%
Hollandaise	Certain Lending		255,500	Term	30		7		3.875	%
Holloway	Certain Lending		221,000	Term	30		5		4.625	%
Inglewood	Cash no Lender		-	Cash	Cash		0
Jack	Certain Lending		289,629	Term	30		7		4.375	%
Jake	Cash no Lender		-	Cash	Cash
Jefferson	Cash no Lender		-	Cash	Cash		0
Jill	Certain Lending		201,320	Term	30		7		6.625	%
Johnny	Certain Lending		-	Cash	Cash		1		11.500	%
June	Certain Lending		-	Cash	Cash		1		11.500	%
Jupiter	Certain Lending		139,750	Term	30		5		4.625	%
Kawana	Certain Lending		192,500	Term	30		7		3.875	%
Kennesaw	Cash no Lender		-	Cash	Cash
Kenny	Cash no Lender		-	Cash	Cash		0
KerriAnn	Certain Lending		238,000	Term	30		7		3.875	%
Kessler	Certain Lending		128,500	Term	30		7		6.625	%
Kingsley	Certain Lending		215,000	Term	30		5		4.625	%
Kirkwood	Certain Lending		182,000	Term	30		7		4.750	%
Korin	Cash no Lender		-	Cash	Cash		0
Lallie	Certain Lending		240,500	Term	30		5		4.625	%
Lanier	Certain Lending		263,900	Term	30		7		4.750	%
Lannister	Certain Lending		115,500	Term	30		7		6.125	%
Latte	Cash no Lender		-	Cash	Cash
Lennox	Certain Lending		139,750	Term	30		5		4.625	%
Lierly	Arvest Bank		131,100	Term	10		5		4.000	%
Lily	Certain Lending		311,500	Term	30		7		3.875	%
Limestone	Certain Lending		203,000	Term	30		5		3.875	%
Litton	Arrived Holdings		160,000	Term	30		5		5.950	%
Longwoods	Cash no Lender		-	Cash	Cash
Lookout	Cash no Lender		-	Cash	Cash
Loretta	Cash no Lender		-	Cash	Cash		0
Louis	Cash no Lender		-	Cash	Cash
Louise	Certain Lending		182,000	Term	30		7		4.375	%
Lovejoy	Certain Lending		205,100	Term	30		7		3.875	%
Luna	Certain Lending		150,000	Term	30		5		4.625	%
Lurleen	Arrived Holdings		110,000	Term	30		5		6.990	%
Madison	Certain Lending		102,500	Term	30		7		6.000	%
Mae	Cash no Lender		-	Cash	Cash		0
Magnolia	Certain Lending		175,000	Term	30		7		5.625	%
Malbec	Certain Lending		208,585	Term	30		5		4.625	%
Mammoth	Certain Lending		238,000	Term	30		7		4.750	%
Marcelo	Cash no Lender		-	Cash	Cash		0
Marie	Cash no Lender		-	Cash	Cash		0
Marietta	Certain Lending		152,113	Term	30		7		6.625	%
Marion	Cash no Lender		-	Cash	Cash
Marple	Cash no Lender		-	Cash	Cash
Martell	Cash no Lender		-	Cash	Cash
Mary	Cash no Lender		-	Cash	Cash
Matchingham	Certain Lending		146,364	Term	30		7		3.875	%
McGregor	Cash no Lender		-	Cash	Cash
McLovin	Certain Lending		367,500	Term	30		7		3.875	%
Meadow	Certain Lending		214,900	Term	30		7		3.875	%
Mimosa	Arrived Holdings		107,500	Term	30		5		6.625	%

F-228

Series	Lender	Mortgage Principal		Financing Strategy	Term	Interest Only Period		Interest Rate
Mojave	Certain Lending		163,800	Term	30		7		3.875	%
Murphy	Certain Lending		207,270	Term	30		7		3.875	%
Mycroft	Cash no Lender		-	Cash	Cash
Nugget	Cash no Lender		-	Cash	Cash
Odessa	Certain Lending		374,500	Term	30		7		3.875	%
Olive	Certain Lending		126,100	Term	30		5		4.625	%
Oly	Certain Lending		368,200	Term	30		7		3.875	%
Onyx	Cash no Lender		-	Cash	Cash
Oscar	Cash no Lender		-	Cash	Cash
Osceola	Cash no Lender		-	Cash	Cash
Osprey	Cash no Lender		-	Cash	Cash
Otoro	Certain Lending		274,400	Term	30		7		3.875	%
Palmer	Cash no Lender		-	Cash	Cash
Patrick	Arvest Bank		108,300	Term	10		5		4.000	%
Peanut	Certain Lending		147,000	Term	30		7		4.750	%
Pearl	Cash no Lender		-	Cash	Cash
Pecan	Arvest Bank		112,860	Term	10		5		4.000	%
Piedmont	Certain Lending		192,500	Term	30		7		6.625	%
Pinot	Certain Lending		210,740	Term	30		5		4.625	%
Pioneer	Cash no Lender		-	Cash	Cash
Plumtree	Arvest Bank		111,150	Term	10		5		4.000	%
Point	Certain Lending		267,750	Term	30		7		4.750	%
Porthos	Cash no Lender		-	Cash	Cash
Quincy	Cash no Lender		-	Cash	Cash		0
Redondo	Arrived Holdings		157,500	Term	30		5		6.625	%
Regency	Arrived Holdings		137,500	Term	30		5		6.990	%
Reginald	Cash no Lender		-	Cash	Cash		0
Reynolds	Cash no Lender		-	Cash	Cash
Ribbonwalk	Certain Lending		224,000	Term	30		7		3.875	%
Richardson	Cash no Lender		-	Cash	Cash		0
Ridge	Certain Lending		140,400	Term	30		5		4.625	%
Ritter	Cash no Lender		-	Cash	Cash
River	Certain Lending		172,250	Term	30		5		4.625	%
Riverwalk	Cash no Lender		-	Cash	Cash
Rooney	Certain Lending		259,000	Term	30		7		3.875	%
Roseberry	Certain Lending		211,250	Term	30		5		4.625	%
Rosewood	Certain Lending		189,000	Term	30		7		4.750	%
Roxy	Certain Lending		220,500	Term	30		7		4.750	%
Saddlebred	Certain Lending		332,500	Term	30		5		3.875	%
Saint	Certain Lending		211,992	Term	30		7		3.875	%
Sajni	Cash no Lender		-	Cash	Cash
Salem	Certain Lending		212,550	Term	30		5		4.625	%
Salinas	Cash no Lender		-	Cash	Cash
Saturn	Certain Lending		139,750	Term	30		5		4.625	%
Scepter	Certain Lending		189,000	Term	30		5		3.875	%
Sequoyah	Arrived Holdings		124,000	Term	30		5		6.490	%
Shallowford	Certain Lending		181,000	Term	30		7		6.625	%
Shoreline	Certain Lending		211,900	Term	30		5		4.625	%

F-229

Series	Lender	Mortgage Principal		Financing Strategy	Term	Interest Only Period		Interest Rate
Sigma	Certain Lending		269,500	Term	30		7		3.875	%
Simon	Cash no Lender		-	Cash	Cash
Sims	Cash no Lender		-	Cash	Cash
Soapstone	Arvest Bank		128,250	Term	10		5		4.000	%
Sodalis	Cash no Lender		-	Cash	Cash		0
Spencer	Certain Lending		195,000	Term	30		5		4.625	%
Splash	Arvest Bank		122,500	Term	10		5		4.000	%
Spring	Cash no Lender		-	Cash	Cash		0
Stonebriar	Certain Lending		134,400	Term	30		7		4.750	%
Sugar	Certain Lending		201,500	Term	30		5		4.625	%
Summerset	Certain Lending		165,750	Term	30		5		4.625	%
Sundance	Arrived Holdings		157,500	Term	30		5		6.625	%
Sunnyside	Cash no Lender		-	Cash	Cash		0
Swift	Cash no Lender		-	Cash	Cash
Taylor	Certain Lending		115,000	Term	30		7		6.625	%
Terracotta	Certain Lending		222,600	Term	30		7		3.875	%
Theodore	Cash no Lender		-	Cash	Cash
Tulip	Certain Lending		221,900	Term	30		7		4.750	%
Tuscan	Arvest Bank		181,480	Term	10		5		4.000	%
Tuscarora	Cash no Lender		-	Cash	Cash		0
Tuxford	Certain Lending		178,500	Term	30		7		3.875	%
Vernon	Certain Lending		181,837	Term	30		7		3.875	%
Walton	Certain Lending		-	Cash	1		1		11.500	%
Wave	Certain Lending		224,000	Term	30		7		3.875	%
Weldon	Certain Lending		136,500	Term	30		5		3.875	%
Wellington	Cash no Lender		-	Cash	Cash		0
Wentworth	Certain Lending		158,340	Term	30		7		3.875	%
Wescott	Certain Lending		136,250	Term	30		7		6.125	%
Westchester	Certain Lending		198,900	Term	30		5		4.625	%
Wildwood	Certain Lending		110,000	Term	30		7		5.500	%
Willow	Cash no Lender		-	Cash	Cash		0
Wilson	Cash no Lender		-	Cash	Cash		0
Windsor	Certain Lending		227,500	Term	30		5		4.625	%
Winston	Cash no Lender		-	Cash	Cash		0
Wisteria	Certain Lending		207,477	Term	30		7		4.750	%
		$	24,211,338

F-230

JUNE 30, 2022

Series	Lender	Mortgage Principal		Financing Strategy	Term	Interest Only Period		Interest Rate
100	Cash no Lender	$	-	Cash	Cash
101	Cash no Lender		-	Cash	Cash
Abbington	Cash no Lender		-	Cash	Cash
Amber	Certain Lending		200,830	Term	30		7		3.875	%
Apollo	Certain Lending		136,500	Term	30		7		5.625	%
Avebury	Certain Lending		203,000	Term	30		7		3.875	%
Badminton	Certain Lending		174,200	Term	30		5		4.625	%
Bandelier	Certain Lending		244,930	Term	30		7		3.875	%
Baron	Cash no Lender		-	Cash	Cash
Basil	Certain Lending		131,625	Term	30		5		4.625	%
Bayside	Certain Lending		165,750	Term	30		7		4.625	%
Bazzel	Cash no Lender		-	Cash	Cash
Bedford	Certain Lending		196,000	Term	30		7		3.875	%
Burlington	Cash no Lender		-	Cash	Cash
Butter	Certain Lending		262,426	Term	30		7		3.875	%
Centennial	Certain Lending		190,000	Term	30		5		4.625	%
Chaparral	Arvest Bank		104,310	Term	10		5		4.000	%
Chelsea	Certain Lending		215,492	Term	30		7		3.875	%
Clover	Cash no Lender		-	Cash	Cash
Coatbridge	Certain Lending		175,500	Term	30		5		4.625	%
Collier	Cash no Lender		-	Cash	Cash
Collinston	Certain Lending		136,500	Term	30		5		3.875	%
Cupcake	Certain Lending		152,989	Term	30		7		3.875	%
Davidson	Certain Lending		147,000	Term	30		7		3.875	%
Dawson	Certain Lending		146,250	Term	30		5		4.625	%
Delta	Certain Lending		226,800	Term	30		7		3.875	%
Dewberry	Certain Lending		121,225	Term	30		5		4.625	%
Diablo	Certain Lending		207,900	Term	30		7		3.875	%
Dogwood	Cash no Lender		-	Cash	Cash
Dolittle	Certain Lending		207,577	Term	30		7		3.875	%
Dorchester	Cash no Lender		-	Cash	Cash
Dunbar	Cash no Lender		-	Cash	Cash
Eastfair	Certain Lending		150,000	Term	30		5		4.625	%
Elevation	Certain Lending		172,250	Term	30		5		4.625	%
Elm	Certain Lending		107,250	Term	30		5		4.625	%
Emporia	Certain Lending		245,000	Term	30		7		3.875	%
Ensenada	Certain Lending		392,000	Term	30		7		3.875	%
Folly	Cash no Lender		-	Cash	Cash
Forest	Certain Lending		227,500	Term	30		5		4.625	%
Gardens	Certain Lending		136,500	Term	30		7		4.750	%
Grant	Certain Lending		259,000	Term	30		7		3.875	%
Greenhill	Certain Lending		227,784	Term	30		7		3.875	%

F-231

Series	Lender	Mortgage Principal		Financing Strategy	Term	Interest Only Period		Interest Rate
Grove	Certain Lending		157,500	Term	30		7		4.750	%
Hadden	Certain Lending		143,500	Term	30		7		3.875	%
Heritage	Certain Lending		203,000	Term	30		7		4.750	%
Heron	Certain Lending		200,900	Term	30		7		4.750	%
Hines	Cash no Lender		-	Cash	Cash
Holcomb	Cash no Lender		-	Cash	Cash
Holland	Certain Lending		147,000	Term	30		5		4.625	%
Hollandaise	Certain Lending		255,500	Term	30		7		3.875	%
Holloway	Certain Lending		221,000	Term	30		5		4.625	%
Jack	Certain Lending		289,629	Term	30		7		4.375	%
Jake	Cash no Lender		-	Cash	Cash
Johnny	Certain Lending		463,200	Cash	Bridge		1		11.500	%
June	Certain Lending		463,200	Cash	Bridge		1		11.500	%
Jupiter	Certain Lending		139,750	Term	30		5		4.625	%
Kawana	Certain Lending		192,500	Term	30		7		3.875	%
Kennesaw	Cash no Lender		-	Cash	Cash
KerriAnn	Certain Lending		238,000	Term	30		7		3.875	%
Kingsley	Certain Lending		215,000	Term	30		5		4.625	%
Kirkwood	Certain Lending		182,000	Term	30		7		4.750	%
Lallie	Certain Lending		240,500	Term	30		5		4.625	%
Lanier	Certain Lending		263,900	Term	30		7		4.750	%
Lannister	Certain Lending		115,500	Term	30		7		6.125	%
Latte	Cash no Lender		-	Cash	Cash
Lennox	Certain Lending		139,750	Term	30		5		4.625	%
Lierly	Arvest Bank		131,100	Term	10		5		4.000	%
Lily	Certain Lending		311,500	Term	30		7		3.875	%
Limestone	Certain Lending		203,000	Term	30		5		3.875	%
Lookout	Cash no Lender		-	Cash	Cash
Louise	Certain Lending		182,000	Term	30		7		4.375	%
Lovejoy	Certain Lending		205,100	Term	30		7		3.875	%
Luna	Certain Lending		150,000	Term	30		5		4.625	%
Madison	Certain Lending		102,500	Term	30		7		6.000	%
Magnolia	Certain Lending		175,000	Term	30		7		5.625	%
Malbec	Certain Lending		208,585	Term	30		5		4.625	%
Mammoth	Certain Lending		238,000	Term	30		7		4.750	%
Matchingham	Certain Lending		146,364	Term	30		7		3.875	%
McGregor	Cash no Lender		-	Cash	Cash
McLovin	Certain Lending		367,500	Term	30		7		3.875	%
Meadow	Certain Lending		214,900	Term	30		7		3.875	%
Mojave	Certain Lending		163,800	Term	30		7		3.875	%
Murphy	Certain Lending		207,270	Term	30		7		3.875	%
Nugget	Cash no Lender		-	Cash	Cash
Odessa	Certain Lending		374,500	Term	30		7		3.875	%
Olive	Certain Lending		126,100	Term	30		5		4.625	%
Oly	Certain Lending		368,200	Term	30		7		3.875	%
Osprey	Cash no Lender		-	Cash	Cash

F-232

Series	Lender	Mortgage Principal		Financing Strategy	Term	Interest Only Period		Interest Rate
Otoro	Certain Lending		274,400	Term	30		7		3.875	%
Patrick	Arvest Bank		108,300	Term	10		5		4.000	%
Peanut	Certain Lending		147,000	Term	30		7		4.750	%
Pearl	Cash no Lender		-	Cash	Cash
Pecan	Arvest Bank		112,860	Term	10		5		4.000	%
Pinot	Certain Lending		210,740	Term	30		5		4.625	%
Pioneer	Cash no Lender		-	Cash	Cash
Plumtree	Arvest Bank		111,150	Term	10		5		4.000	%
Point	Certain Lending		267,750	Term	30		7		4.750	%
Reynolds	Cash no Lender		-	Cash	Cash
Ribbonwalk	Certain Lending		224,000	Term	30		7		3.875	%
Ridge	Certain Lending		140,400	Term	30		5		4.625	%
Ritter	Cash no Lender		-	Cash	Cash
River	Certain Lending		172,250	Term	30		5		4.625	%
Riverwalk	Cash no Lender		-	Cash	Cash
Rooney	Certain Lending		259,000	Term	30		7		3.875	%
Roseberry	Certain Lending		211,250	Term	30		5		4.625	%
Rosewood	Certain Lending		189,000	Term	30		7		4.750	%
Roxy	Certain Lending		220,500	Term	30		7		4.750	%
Saddlebred	Certain Lending		332,500	Term	30		5		3.875	%
Saint	Certain Lending		211,992	Term	30		7		3.875	%
Salem	Certain Lending		212,550	Term	30		5		4.625	%
Saturn	Certain Lending		139,750	Term	30		5		4.625	%
Scepter	Certain Lending		189,000	Term	30		5		3.875	%
Shoreline	Certain Lending		211,900	Term	30		5		4.625	%
Sigma	Certain Lending		269,500	Term	30		7		3.875	%
Soapstone	Arvest Bank		128,250	Term	10		5		4.000	%
Spencer	Certain Lending		195,000	Term	30		5		4.625	%
Splash	Arvest Bank		122,500	Term	10		5		4.000	%
Stonebriar	Certain Lending		134,400	Term	30		7		4.750	%
Sugar	Certain Lending		201,500	Term	30		5		4.625	%
Summerset	Certain Lending		165,750	Term	30		5		4.625	%
Swift	Cash no Lender		-	Cash	Cash
Terracotta	Certain Lending		222,600	Term	30		7		3.875	%
Tulip	Certain Lending		221,900	Term	30		7		4.750	%
Tuscan	Arvest Bank		181,480	Term	10		5		4.000	%
Tuxford	Certain Lending		178,500	Term	30		7		3.875	%
Vernon	Certain Lending		181,837	Term	30		7		3.875	%
Walton	Certain Lending		227,200	Bridge	Bridge		1		11.500	%
Wave	Certain Lending		224,000	Term	30		7		3.875	%
Weldon	Certain Lending		136,500	Term	30		5		3.875	%
Wentworth	Certain Lending		158,340	Term	30		7		3.875	%
Wescott	Certain Lending		136,250	Term	30		7		6.125	%
Westchester	Certain Lending		198,900	Term	30		5		4.625	%
Wildwood	Certain Lending		110,000	Term	30		7		5.500	%
Windsor	Certain Lending		227,500	Term	30		5		4.625	%
Wisteria	Certain Lending		207,477	Term	30		7		4.750	%
		$	21,586,510

The mortgages are secured by each Series’ property. As of the period ending June 30, 2023, the entire principal of the mortgage loans remained outstanding.

As of June 30, 2023, the bridge loans for all Series have been paid off.

Loan fees incurred in connection with the mortgage were capitalized as a debt discount and are being amortized to interest expenses over the life of the loan. For the six months ended June 30, 2023 and 2022, the Series recorded amortization of loan fees of $19,338 and $6,708, respectively. For the six months ended June 30, 2023 the Series’ total mortgage payable was $24,211,388, and the amount net of unamortized loan fees of $331,335 was $23,880,003 and for the six months ended June 30, 2022 the Series’ total mortgage payable was $21,586,510, and the amount net of unamortized loan fees of $252,456 was $21,334,055.

F-233

NOTE 6: MEMBERS’ EQUITY

Each Series is managed by Arrived Holdings, Inc., a Delaware corporation and managing member of the Company (the “Manager”). Pursuant to the terms of the operating agreement, the Manager will provide certain management and advisory services, as well as management team and appropriate support personnel to the Series.

 The Manager will be responsible for directing the management of Series’ business and affairs, managing the day-to-day affairs, and implementing the Series’ investment strategy. The Manager has a unilateral ability to amend the operating agreement and the allocation policy in certain circumstances without the consent of the investors. The investors only have limited voting rights with respect to the Series.

The Manager has sole discretion in determining what distributions, if any, are made to interest holders except as otherwise limited by law or the operating agreement. The Series expects the Manager to make distributions on a quarterly basis. However, the Manager may change the timing of distributions or determine that no distributions shall be made, in its sole discretion.

Membership Interests

During the six months ended June 30, 2023 and 2022, the Series closed on its public offerings for net proceeds of $44,651,097 and $22,032,198, respectively.

The following is a comparative summary of the public offerings by each Series.

June 30, 2023

Series	# of Units issued and outstanding		Net cumulative proceeds from the issuance of membership units		Net cumulative, 1% issuance expense		Net cumulative, offering expense (2%)
100		69,840	$	619,899	$	7,055	$	14,116
101		72,486		632,909		7,198		14,596
Abbington		54,965		472,424		5,537		11,081
Amber		14,303		103,869		1,455		2,930
Apollo		9,087		68,607		912		2,147
Aster		17,319		140,762		1,715		3,885
Augusta		-		-		-		-
Avebury		12,613		92,573		1,262		3,005
Avondale		38,902		359,466		3,890		7,784
Badminton		10,884		84,054		1,102		2,205
Bandelier		14,771		110,135		1,477		2,950
Baron		65,178		574,107		6,530		13,062
Basil		9,464		70,288		956		1,913
Bayside		12,305		99,814		1,231		2,460
Bazzel		29,076		256,450		2,913		5,825
Bedford		12,317		98,872		1,232		2,463
Bella		-		-		-		-
Belle		50,320		446,293		4,990		10,082
Belvedere		34,971		322,875		3,497		6,998
Bergenia		-		-		-		-
Blossom		30,573		275,525		3,037		6,135
Bonneau		39,141		340,414		3,875		7,841
Brainerd		19,318		172,962		1,913		4,163
Braxton		37,990		334,593		3,763		7,603

F-234

Series	# of Units issued and outstanding		Net cumulative proceeds from the issuance of membership units		Net cumulative, 1% issuance expense		Net cumulative, offering expense (2%)
Brennan		10,618		80,500		1,062		2,136
Brooklyn		11,740		102,867		1,162		2,519
Burlington		72,967		640,125		7,438		14,881
Butter		15,857		113,716		1,611		3,220
Camino		31,028		280,251		3,072		6,206
Campbell		-		-		-		-
Cawley		-		-		-		-
Centennial		11,830		95,037		1,183		2,366
Chaparral		10,479		89,185		1,048		2,096
Chelsea		13,747		102,632		1,376		3,267
Chester		24,833		210,665		2,459		5,596
Chickamauga		43,078		401,230		4,309		8,620
Chinook		-		-		-		-
Chitwood		44,150		391,243		4,377		8,843
Clover		38,092		340,644		3,778		7,639
Coatbridge		13,100		104,608		1,310		2,620
Collier		40,945		356,896		4,066		8,218
Collinston		10,257		65,580		1,031		2,060
Conway		78,213		681,755		7,745		15,662
Cove		24,633		227,408		2,463		4,939
Creekside		36,019		323,414		3,583		7,239
Creekwood		19,411		168,173		1,922		4,360
Cumberland		34,527		313,735		3,418		6,906
Cupcake		10,765		82,851		1,092		2,183
Cypress		24,614		204,742		2,437		5,527
Daisy		35,190		315,110		3,484		7,041
Davidson		9,244		60,995		924		1,850
Dawson		10,974		73,939		1,097		2,200
Delta		14,508		100,118		1,451		2,910
Dewberry		9,243		69,213		924		1,849
Diablo		12,900		76,957		1,290		2,890
Dogwood		27,909		250,891		2,771		5,612
Dolittle		13,369		103,056		1,337		2,680
Dolly		79,090		694,506		7,863		15,885
Dops		24,064		220,971		2,406		4,813
Dorchester		40,173		350,394		3,982		8,045
Dunbar		37,074		318,373		3,719		7,467
Eagle		18,540		157,055		1,836		3,708
Eastfair		8,473		69,956		860		1,721
Elevation		12,571		99,050		1,257		2,520
Ella		30,670		283,479		3,067		6,134
Ellen		-		-		-		-
Elm		8,210		61,659		821		1,640
Emporia		15,248		113,523		1,526		3,629
Ensenada		23,144		177,988		2,317		4,640
Falcon		18,460		154,723		1,830		4,148
Felix		-		-		-		-
Fenwick		-		-		-		-
Folly		36,241		322,669		3,593		7,259
Forest		16,270		112,792		1,632		3,260

F-235

Series	# of Units issued and outstanding		Net cumulative proceeds from the issuance of membership units		Net cumulative, 1% issuance expense		Net cumulative, offering expense (2%)
Foster		-		-		-		-
Franklin		-		-		-		-
Gardens		11,510		90,486		1,162		2,327
General		-		-		-		-
Goose		17,295		145,051		1,717		3,471
Grant		16,185		119,168		1,631		3,285
Greenhill		13,651		109,152		1,405		2,810
Gretal		52,308		478,067		5,180		10,465
Grove		10,210		75,984		1,051		2,102
Hadden		11,063		84,506		1,106		2,219
Hansard		35,262		324,532		3,526		7,052
Hansel		26,707		222,297		2,644		5,342
Harrison		30,323		254,340		3,028		6,876
Henry		47,570		417,931		4,710		9,515
Heritage		12,495		88,728		1,275		3,022
Heron		12,717		98,180		1,322		3,097
Highland		32,406		282,783		3,208		6,486
Hines		29,615		259,919		2,953		5,943
Holcomb		40,932		359,072		4,095		8,190
Holland		10,116		68,008		1,032		2,070
Hollandaise		16,441		125,632		1,644		3,292
Holloway		14,764		121,577		1,478		2,957
Inglewood		78,079		684,530		7,732		15,628
Jack		18,349		143,237		1,835		4,354
Jake		67,501		596,448		6,638		13,650
Jefferson		31,950		293,964		3,195		6,391
Jill		26,809		229,017		2,654		6,027
Johnny		66,589		568,318		6,074		13,963
June		66,569		570,463		6,660		13,377
Jupiter		10,523		71,731		1,052		2,110
Kawana		12,703		93,538		1,270		2,994
Kennesaw		48,660		426,903		4,842		9,804
Kenny		79,345		700,843		7,861		15,885
KerriAnn		14,605		95,660		1,461		2,930
Kessler		17,316		146,499		1,717		3,894
Kingsley		12,620		101,900		1,269		2,537
Kirkwood		11,347		82,431		1,165		2,761
Korin		32,444		297,477		3,244		6,491
Lallie		15,914		123,846		1,697		3,395
Lanier		16,497		131,458		1,681		3,361
Lannister		9,533		65,402		958		2,067
Latte		41,689		375,130		4,167		8,352
Lennox		10,593		85,080		1,059		2,120
Lierly		9,456		81,700		946		1,891
Lily		24,106		162,022		2,436		4,880
Limestone		13,728		106,459		1,383		2,770
Litton		21,406		191,820		2,120		4,616
Longwoods		-		-		-		-
Lookout		38,697		343,336		3,975		7,984
Loretta		78,033		696,240		7,753		15,662
Louis		-		-		-		-
Louise		13,233		104,866		1,322		2,748

F-236

Series	# of Units issued and outstanding		Net cumulative proceeds from the issuance of membership units		Net cumulative, 1% issuance expense		Net cumulative, offering expense (2%)
Lovejoy		12,826		93,689		1,283		3,050
Luna		8,976		68,442		907		1,814
Lurleen		15,366		134,563		1,537		3,304
Madison		13,610		105,115		1,467		2,934
Mae		41,305		374,007		4,091		8,266
Magnolia		11,227		79,416		1,148		2,708
Malbec		13,786		113,333		1,379		2,757
Mammoth		14,636		111,366		1,489		2,977
Marcelo		33,767		299,725		3,345		6,762
Marie		37,060		340,982		3,705		7,412
Marietta		20,447		170,915		2,024		4,596
Marion		-		-		-		-
Marple		21,282		196,682		2,128		4,260
Martell		30,986		286,198		3,099		6,203
Mary		-		-		-		-
Matchingham		9,423		76,536		952		1,900
McGregor		34,768		298,839		3,537		7,075
McLovin		21,989		161,841		2,199		4,400
Meadow		15,365		111,898		1,589		3,180
Mimosa		14,989		121,586		1,484		6,863
Mojave		10,449		76,249		1,160		2,320
Murphy		13,058		101,077		1,306		2,610
Mycroft		21,722		200,772		2,172		4,346
Nugget		63,191		555,985		6,385		12,782
Odessa		21,888		150,309		2,194		4,410
Olive		13,712		111,685		1,371		2,750
Oly		21,841		168,914		2,184		4,380
Onyx		-		-		-		-
Oscar		-		-		-		-
Osceola		-		-		-		-
Osprey		40,299		359,692		4,028		8,110
Otoro		17,146		122,842		1,717		4,084
Palmer		-		-		-		-
Patrick		11,309		91,661		1,139		2,278
Peanut		9,909		80,736		992		2,266
Pearl		61,777		555,868		6,248		12,514
Pecan		10,691		92,297		1,069		2,138
Piedmont		25,774		219,551		2,552		5,791
Pinot		13,898		111,561		1,392		2,785
Pioneer		65,393		574,168		6,550		13,116
Plumtree		10,881		91,278		1,089		2,178
Point		16,706		130,172		1,701		3,401
Porthos		-		-		-		-
Quincy		62,957		553,375		6,254		12,601
Redondo		21,157		180,768		2,096		4,753
Regency		18,698		163,880		1,870		4,023
Reginald		50,281		426,037		4,981		10,077
Reynolds		49,185		436,550		4,908		9,874
Ribbonwalk		13,884		90,883		1,388		2,780
Richardson		36,857		328,283		3,661		7,376
Ridge		10,400		83,550		1,050		2,110
Ritter		58,068		506,679		5,808		11,616
River		12,755		100,942		1,277		2,550
Riverwalk		45,484		402,548		4,511		9,144
Rooney		15,637		107,342		1,564		3,130
Roseberry		14,632		109,042		1,464		2,928
Rosewood		12,073		83,715		1,232		2,908
Roxy		14,323		101,334		1,436		2,873
Saddlebred		19,783		143,605		1,983		3,970
Saint		14,781		120,330		1,479		2,958

F-237

Series	# of Units issued and outstanding		Net cumulative proceeds from the issuance of membership units		Net cumulative, 1% issuance expense		Net cumulative, offering expense (2%)
Sajni		35,033		323,300		3,503		7,007
Salem		13,311		109,633		1,338		2,676
Salinas		27,178		251,086		2,718		5,436
Saturn		10,404		76,128		1,050		2,110
Scepter		11,732		83,236		1,176		2,360
Sequoyah		16,824		146,901		1,666		3,621
Shallowford		24,358		200,450		2,412		5,479
Shoreline		12,230		97,216		1,249		2,498
Sigma		16,171		122,373		1,640		3,280
Simon		-		-		-		-
Sims		31,445		289,893		3,145		6,493
Soapstone		10,002		84,806		1,000		2,000
Sodalis		33,610		291,596		3,334		6,740
Spencer		13,827		106,749		1,388		2,775
Splash		11,181		91,827		1,119		2,238
Spring		28,759		253,852		2,852		5,769
Stonebriar		9,465		66,437		997		2,182
Sugar		14,706		115,048		1,471		2,940
Summerset		11,676		84,713		1,189		2,377
Sundance		21,147		184,096		2,094		4,753
Sunnyside		26,354		242,694		2,635		5,271
Swift		39,543		350,095		3,956		7,913
Taylor		15,937		138,711		1,583		3,577
Terracotta		13,962		113,091		1,396		2,796
Theodore		-		-		-		-
Tulip		14,015		97,441		1,402		3,328
Tuscan		16,452		131,864		1,655		3,310
Tuscarora		39,010		359,277		3,901		7,802
Tuxford		12,054		78,935		1,206		2,750
Vernon		11,609		82,726		1,161		2,330
Walton		34,650		290,069		3,436		6,940
Wave		14,053		96,605		1,431		2,867
Weldon		10,207		72,614		1,031		2,060
Wellington		47,166		425,744		4,672		9,438
Wentworth		11,043		83,990		1,124		2,251
Wescott		17,768		138,760		1,792		4,033
Westchester		18,113		151,038		1,821		3,640
Wildwood		14,829		120,130		1,504		3,008
Willow		33,914		302,987		3,376		6,819
Wilson		44,873		400,441		4,449		8,991
Windsor		15,501		124,688		1,572		3,144
Winston		38,152		351,570		3,794		7,635
Wisteria		12,796		102,174		1,306		2,611
Total		5,255,623	$	44,651,097	$	524,916	$	1,079,049

F-238

June 30, 2022

Series	# of Units issued and outstanding		Net cumulative proceeds from the issuance of membership units		Net cumulative, 1% issuance expense		Net cumulative, offering Expense (2%)
100		69,840	$	698,445	$	7,055	$	14,116
101		72,486		712,562		7,198		14,529
Abbington		54,965		548,114		5,537		11,081
Amber		14,303		143,575		1,455		2,930
Apollo		9,087		90,258		912		2,147
Avebury		12,613		124,968		1,262		3,005
Badminton		-		-		1,102		2,205
Bandelier		14,771		146,233		1,477		2,950
Baron		65,178		646,450		6,530		13,062
Basil		-		-		956		1,913
Bayside		12,305		121,820		1,231		2,460
Bazzel		-		-		-		-
Bedford		12,317		121,938		1,232		2,463
Burlington		72,967		736,332		7,438		14,881
Butter		15,857		159,459		1,611		3,220
Centennial		-		-		1,183		2,366
Chaparral		-		-		1,048		2,096
Chelsea		13,747		136,194		1,376		3,267
Clover		-		-		-		-
Coatbridge		13,100		129,690		1,310		2,620
Collier		-		-		-		-
Collinston		10,257		101,539		1,031		2,060
Cupcake		-		-		1,092		2,183
Davidson		9,244		91,516		924		1,850
Dawson		10,974		108,643		1,097		2,200
Delta		14,508		143,629		1,451		2,910
Dewberry		-		-		924		1,849
Diablo		12,900		127,710		1,290		2,890
Dogwood		-		-		-		-
Dolittle		13,369		132,353		1,337		2,680
Dorchester		-		-		-		-
Dunbar		37,074		238,125		2,405		7,467
Eastfair		-		-		860		1,721
Elevation		12,571		124,453		1,257		2,520
Elm		8,210		81,279		821		1,640
Emporia		15,248		151,054		1,526		3,629
Ensenada		23,144		229,373		2,317		4,640
Folly		-		-		-		-
Forest		16,270		161,068		1,632		3,260
Gardens		11,510		115,038		1,162		2,327
Grant		16,185		161,469		1,631		3,285
Greenhill		13,651		139,105		1,405		2,810
Grove		10,210		104,049		1,051		2,102

F-239

Series	# of Units issued and outstanding		Net cumulative proceeds from the issuance of membership units		Net cumulative, 1% issuance expense		Net cumulative, offering Expense (2%)
Hadden		11,063		109,524		1,106		2,219
Heritage		12,495		126,176		1,275		3,022
Heron		12,717		130,848		1,322		3,097
Hines		29,615		292,317		2,953		5,931
Holcomb		40,932		405,425		4,095		8,190
Holland		10,116		102,128		1,032		2,070
Hollandaise		16,441		162,766		1,644		3,292
Holloway		-		-		1,478		2,957
Jack		18,349		181,655		1,835		4,354
Jake		67,501		657,172		6,638		13,526
Johnny		66,589		601,306		6,074		13,358
June		66,569		659,380		6,660		13,358
Jupiter		10,523		104,178		1,052		2,110
Kawana		12,703		125,760		1,270		2,994
Kennesaw		48,660		479,309		4,842		9,764
KerriAnn		14,605		144,590		1,461		2,930
Kingsley		-		-		1,269		2,537
Kirkwood		11,347		115,305		1,165		2,761
Lallie		-		-		1,697		3,395
Lanier		16,497		166,389		1,681		3,361
Lannister		9,533		94,872		958		2,067
Latte		41,689		412,523		4,167		8,349
Lennox		10,593		104,871		1,059		2,120
Lierly		-		-		946		1,891
Lily		24,106		239,624		2,436		4,880
Limestone		13,728		136,897		1,383		2,770
Lookout		38,697		240,026		2,425		7,984
Louise		13,233		131,009		1,322		2,748
Lovejoy		12,826		126,977		1,283		3,050
Luna		-		-		907		1,814
Madison		13,610		145,233		1,467		2,934
Magnolia		11,227		113,622		1,148		2,708
Malbec		-		-		1,379		2,757
Mammoth		14,636		147,371		1,489		2,977
Matchingham		9,423		94,278		952		1,900
McGregor		34,768		350,143		3,537		7,075
McLovin		21,989		217,691		2,199		4,400
Meadow		15,365		156,771		1,589		3,180
Mojave		-		-		1,160		2,320
Murphy		13,058		129,274		1,306		2,610
Nugget		63,191		632,125		6,385		12,782
Odessa		21,888		216,686		2,194		4,410
Olive		13,712		135,749		1,371		2,750
Oly		21,841		216,226		2,184		4,380
Osprey		40,299		398,762		4,028		8,092
Otoro		17,146		169,943		1,717		4,084

F-240

Series	# of Units issued and outstanding		Net cumulative proceeds from the issuance of membership units		Net cumulative, 1% issuance expense		Net cumulative, offering Expense (2%)
Patrick		-		-		1,139		2,278
Peanut		9,909		98,198		992		2,266
Pearl		61,777		618,522		6,248		12,514
Pecan		-		-		1,069		2,138
Pinot		-		-		1,392		2,785
Pioneer		65,393		648,480		6,550		13,116
Plumtree		-		-		1,089		2,178
Point		16,706		168,359		1,701		3,401
Reynolds		49,185		485,843		4,908		9,855
Ribbonwalk		13,884		137,452		1,388		2,780
Ridge		10,400		103,950		1,050		2,110
Ritter		58,068		574,972		5,808		11,616
River		12,755		126,274		1,277		2,550
Riverwalk		-		-		-		-
Rooney		15,637		154,806		1,564		3,130
Roseberry		-		-		1,464		2,928
Rosewood		12,073		121,998		1,232		2,908
Roxy		14,323		142,194		1,436		2,873
Saddlebred		19,783		195,847		1,983		3,970
Saint		14,781		146,431		1,479		2,958
Salem		-		-		1,338		2,676
Saturn		10,404		103,990		1,050		2,110
Scepter		11,732		116,394		1,176		2,360
Shoreline		-		-		1,249		2,498
Sigma		16,171		161,320		1,640		3,280
Soapstone		-		-		1,000		2,000
Spencer		-		-		1,388		2,775
Splash		-		-		1,119		2,238
Stonebriar		9,465		98,654		997		2,182
Sugar		14,706		145,589		1,471		2,940
Summerset		-		-		1,189		2,377
Swift		39,543		391,674		3,956		7,913
Terracotta		13,962		138,224		1,396		2,796
Tulip		14,015		138,749		1,402		3,328
Tuscan		-		-		1,655		3,310
Tuxford		12,054		119,434		1,206		2,750
Vernon		11,609		114,929		1,161		2,330
Walton		-		-		-		-
Wave		14,053		141,699		1,431		2,867
Weldon		10,207		102,039		1,031		2,060
Wentworth		-		-		1,124		2,251
Wescott		17,768		177,388		1,792		4,033
Westchester		18,113		179,309		1,821		3,640
Wildwood		14,829		148,886		1,504		3,008
Windsor		-		-		1,572		3,144
Wisteria		12,796		129,254		1,306		2,611
Total		2,248,242	$	22,032,198	$	256,402	$	529,423

F-241

In connection with the public offering, each Series incurred brokerage fees of 1% of gross proceeds, which is paid directly to the broker as a deduction from gross proceeds. Additionally, pursuant to the operating agreement, the Manager charged each Series an offering expense reimbursement of 2% of gross proceeds. During the six month ended June 30, 2023 and 2022, the net cumulative, offering expenses were $1,079,049 and $529,423, respectively.

Distributions

During the six months ended June 30, 2023, the Series made distributions to investors to of the respective Series totaling $910,997 which were recorded as a reduction to members’ capital. During the six months ended June 30, 2022, the Series made distributions to investors to the respective Series totaling $355,319, which was recorded as a reduction to members’ capital.

The following table are the total distributions by Series during the six months ended June 30, 2023 and 2022.

Series	June 30, 2023		June 30, 2022
100	$	15,286	$	4,233
101		8,695		-
Abbington		9,339		2,768
Amber		2,145		2,615
Apollo		1,444		456
Aster		1,732		-
Augusta		-		-
Avebury		2,503		1,389
Avondale		-		-
Badminton		3,444		4,479
Bandelier		2,360		2,954
Baron		10,411		3,265
Basil		2,836		3,730
Bayside		3,815		3,199
Bazzel		4,360		-
Bedford		3,421		1,355
Bella		-		-
Belle		6,528		-
Belvedere		-		-
Bergenia		-		-
Blossom		7,326		-
Bonneau		6,263		-
Brainerd		3,671		-
Braxton		9,880		-
Brennan		849		-
Brooklyn		2,466		-
Burlington		11,597		3,719
Butter		3,989		4,188
Camino		7,137		-
Campbell		-		-
Cawley		-		-
Centennial		2,839		4,259
Chaparral		4,192		5,344
Chelsea		3,299		1,651
Chester		2,732		-
Chickamauga		9,478		-

F-242

Series	June 30, 2023		June 30, 2022
Chinook		-		-
Chitwood		8,389		-
Clover		8,714		-
Coatbridge		3,403		3,406
Collier		6,529		-
Collinston		1,430		1,851
Conway		11,733		-
Cove		-		-
Creekside		8,288		-
Creekwood		2,135		-
Cumberland		7,251		-
Cupcake		4,302		5,107
Cypress		2,953		-
Daisy		6,989		-
Davidson		1,387		1,664
Dawson		2,302		2,853
Delta		2,321		2,902
Dewberry		2,382		3,790
Diablo		1,806		2,580
Dogwood		5,577		-
Dolittle		3,075		3,209
Dolly		11,092		-
Dops		2,647		-
Dorchester		6,012		-
Dunbar		4,449		-
Eagle		3,894		-
Eastfair		2,881		3,521
Elevation		2,011		3,268
Ella		3,374		-
Ellen		-		-
Elm		2,053		2,135
Emporia		2,288		3,052
Ensenada		5,087		5,097
Falcon		3,688		-
Felix		-		-
Fenwick		-		-
Folly		5,799		-
Forest		3,733		4,237
Foster		-		-
Franklin		-		-
Gardens		2,645		1,278
General		-		-
Goose		4,327		-
Grant		3,723		3,914
Greenhill		3,601		3,091
Gretal		9,416		-
Grove		1,634		526
Hadden		3,179		1,549
Hansard		3,879		-
Hansel		4,274		-
Harrison		4,281		-
Henry		7,130		-
Heritage		1,999		637
Heron		2,285		661
Highland		5,177		-
Hines		5,320		-
Holcomb		6,546		-
Holland		1,516		1,857
Hollandaise		3,288		1,480
Holloway		4,574		5,762

F-243

Series	June 30, 2023		June 30, 2022
Inglewood		10,932		-
Jack		3,119		1,651
Jake		10,781		-
Jefferson		3,515		-
Jill		4,290		-
Johnny		9,981		-
June		10,641		-
Jupiter		1,680		1,894
Kawana		3,046		2,795
Kennesaw		7,286		-
Kenny		11,108		-
KerriAnn		2,045		2,921
Kessler		1,732		-
Kingsley		3,912		5,194
Kirkwood		1,702		582
Korin		3,893		-
Lallie		3,171		6,604
Lanier		2,970		840
Lannister		1,520		479
Latte		6,661		-
Lennox		3,390		2,754
Lierly		4,066		4,917
Lily		3,607		5,342
Limestone		4,524		3,595
Litton		4,497		-
Longwoods		-		-
Lookout		5,805		-
Loretta		11,670		-
Louis		-		-
Louise		3,705		1,853
Lovejoy		2,950		2,565
Luna		3,052		3,700
Lurleen		3,995		-
Madison		1,905		880
Mae		8,263		-
Magnolia		1,795		574
Malbec		4,963		6,479
Mammoth		2,342		744
Marcelo		7,430		-
Marie		4,447		-
Marietta		3,663		-
Marion		-		-
Marple		-		-
Martell		-		-
Mary		-		-
Matchingham		3,110		2,476
McGregor		6,600		2,122
McLovin		4,618		4,838
Meadow		2,303		2,855
Mimosa		3,448		-
Mojave		3,425		5,449
Murphy		3,917		3,134

F-244

Series	June 30, 2023		June 30, 2022
Mycroft		-		-
Nugget		10,051		3,193
Odessa		3,282		4,821
Olive		3,686		3,565
Oly		4,587		4,805
Onyx		-		-
Oscar		-		-
Osceola		-		-
Osprey		6,448		-
Otoro		2,557		2,060
Palmer		-		-
Patrick		3,053		4,976
Peanut		2,065		992
Pearl		11,075		3,124
Pecan		4,169		5,025
Piedmont		2,835		-
Pinot		5,000		6,534
Pioneer		8,482		-
Plumtree		5,005		6,202
Point		3,343		850
Porthos		-		-
Quincy		8,816		-
Redondo		3,383		-
Regency		4,114		-
Reginald		7,530		-
Reynolds		7,865		-
Ribbonwalk		2,083		2,499
Richardson		6,636		-
Ridge		3,120		2,730
Ritter		8,127		-
River		4,066		3,318
Riverwalk		8,166		-
Rooney		2,499		3,440
Roseberry		3,656		5,706
Rosewood		1,811		616
Roxy		2,008		718
Saddlebred		2,967		4,358
Saint		3,695		2,514
Sajni		4,204		-
Salem		4,526		6,782
Salinas		2,990		-
Saturn		1,448		1,891
Scepter		1,743		2,351
Sequoyah		3,365		-
Shallowford		3,898		-
Shoreline		3,544		4,850
Sigma		3,396		3,269
Simon		-		-
Sims		-		-
Soapstone		3,601		4,701

F-245

Series	June 30, 2023		June 30, 2022
Sodalis		5,042		-
Spencer		4,425		5,406
Splash		4,249		5,260
Spring		5,463		-
Stonebriar		1,514		598
Sugar		2,497		2,941
Summerset		1,867		4,632
Sundance		3,592		-
Sunnyside		3,162		-
Swift		7,504		2,769
Taylor		2,071		-
Terracotta		3,630		1,536
Theodore		-		-
Tulip		2,242		1,822
Tuscan		5,923		8,270
Tuscarora		3,511		-
Tuxford		2,290		2,654
Vernon		2,438		3,018
Walton		4,850		-
Wave		2,118		2,863
Weldon		1,531		1,855
Wellington		8,021		-
Wentworth		4,303		6,269
Wescott		2,664		896
Westchester		5,069		4,722
Wildwood		2,494		752
Willow		6,116		-
Wilson		8,485		-
Windsor		4,957		6,113
Winston		7,243		-
Wisteria		2,554		783
	$	910,997	$	355,319

F-246

NOTE 7: RELATED PARTY TRANSACATIONS

The Series’ Manager, Arrived Holdings, Inc., is a managing member with common management of the Series.

Due from (to) Related Party

Each Series enters into various transactions with the Manager and affiliates of the Manager in the normal course of operating and financing activities. As of June 30, 2023, certain Series owed an aggregate of $7,324,342 including the initial funding for the certain properties’ purchases. As of June 30, 2023, certain Series were owed an aggregate of $268,393 from the Manager.

Deemed Contributions

During the six months ended June 30, 2023 and 2022, certain Series received deemed contributions from the Manager totaling $36,312 and $59,891, respectively, in exchange for forgiveness of amounts previously due.

Management Compensation

During the six months ended June 30, 2023, total management compensation charged by manager, including asset management fees, sourcing fees, offering expenses, and property management fees, were an aggregate of $609,267. During the six months ended June 30, 2022, the total management compensation charged by manager, including asset management fees, sourcing fees, offering expenses, and property management fees, were an aggregate of $2,306,124. The decrease in management compensation was the result of less properties being acquired in 2023 compared to 2022, that earned the sourcing fees and offering expense reimbursement from the offering.

The following table reflects the total management fee paid by Series during the six months ended June 30, 2023 and 2022. The difference in results between the six month period ended June 30, 2023 and the six month period ended June 30, 2022 is due to changes in financial operations. The portion of the property management fees owed to the manager during the 6 months ended June 30, 2022 was deferred and collected at year end 2022.

June 30, 2023

Series	Sourcing Fees		Offering Expenses		Asset Management Fee		Property Management Fee
100	$	-	$	-	$	3,529		1,216
101		-		-		3,632		-
Abbington		-		-		2,770		687
Amber		-		-		732		303
Apollo		-		-		537		223
Aster		-		-		765		97
Augusta		-		-		-		-
Avebury		-		-		751		299
Avondale		11,550		7,784		165		-
Badminton		-		-		551		319
Bandelier		-		-		739		634
Baron		-		-		3,265		970
Basil		-		-		478		120
Bayside		-		-		615		335
Bazzel		-		-		1,456		152
Bedford		-		-		616		367
Bella		-		-		-		-
Belle		-		-		1,320		966
Belvedere		10,320		6,998		148		-
Bergenia		-		-		-		-
Blossom		-		-		765		266
Bonneau		-		-		1,008		652
Brainerd		-		-		870		402
Braxton		-		-		971		384
Brennan		7,870		2,136		338		102
Brooklyn		-		-		498		164
Burlington		-		-		3,720		1,210
Butter		-		-		805		448
Camino		-		-		795		192
Campbell		-		-		-		-
Cawley		-		-		-		-
Centennial		-		-		592		152
Chaparral		-		-		524		250
Chelsea		-		-		817		319
Chester		-		-		1,116		642
Chickamauga		13,030		8,620		1,117		464
Chinook		-		-		-		-
Chitwood		-		-		1,925		526

F-247

Series	Sourcing Fees		Offering Expenses		Asset Management Fee		Property Management Fee
Clover		-		-		1,910		303
Coatbridge		-		-		656		-
Collier		-		-		2,054		472
Collinston		-		-		515		393
Conway		-		-		2,055		985
Cove		7,350		4,939		105		260
Creekside		-		-		1,558		518
Creekwood		-		-		869		158
Cumberland		-		-		885		394
Cupcake		-		-		546		121
Cypress		-		-		1,095		289
Daisy		-		-		906		394
Davidson		-		-		463		54
Dawson		-		-		550		247
Delta		-		-		727		-
Dewberry		-		-		462		85
Diablo		-		-		723		-
Dogwood		-		-		1,403		239
Eagle		-		-		810		132
Eastfair		-		-		430		287
Elevation		-		-		629		-
Ella		9,100		6,134		520		169
Ellen		-		-		-		-
Elm		-		-		411		346
Emporia		-		-		907		490
Ensenada		-		-		1,160		1,162
Falcon		-		-		810		478
Felix		-		-		-		-
Fenwick		-		-		-		-
Folly		-		-		1,815		586
Forest		-		-		816		-
Foster		-		-		-		-
Franklin		-		-		-		-
Gardens		-		-		582		250
General		-		-		-		-
Goose		-		-		755		129
Grant		-		-		816		359
Greenhill		-		-		703		399
Gretal		-		-		1,350		175
Grove		-		-		526		239
Hadden		-		-		555		267
Hansard		10,590		7,052		606		473
Hansel		-		-		1,212		385
Harrison		-		-		1,380		914
Henry		-		-		2,060		124
Heritage		-		-		756		225
Heron		-		-		774		303
Highland		-		-		819		253
Hines		-		-		1,483		360
Holcomb		-		-		2,048		107
Holland		-		-		517		184
Hollandaise		-		-		823		576
Holloway		-		-		739		368
Inglewood		-		-		2,037		797

F-248

Series	Sourcing Fees		Offering Expenses		Asset Management Fee		Property Management Fee
Jack		-		-		1,089		806
Jake		-		-		3,382		898
Jefferson		9,580		6,391		548		190
Jill		-		-		1,208		505
Johnny		-		-		3,339		1,094
June		-		-		3,339		1,176
Jupiter		-		-		527		243
Kawana		-		-		749		136
Kennesaw		-		-		2,441		299
Kenny		-		-		3,450		802
KerriAnn		-		-		732		303
Kessler		-		-		771		346
Kingsley		-		-		634		424
Kirkwood		-		-		690		346
Korin		9,760		6,491		558		388
Lallie		-		-		849		405
Lanier		-		-		840		367
Lannister		-		-		517		308
Latte		-		-		2,087		273
Lennox		-		-		530		271
Lierly		-		-		473		12
Lily		-		-		1,219		813
Limestone		-		-		692		220
Litton		-		-		960		466
Longwoods		-		-		-		-
Lookout		-		-		1,996		668
Loretta		-		-		2,055		993
Louis		-		-		-		-
Louise		-		-		662		311
Lovejoy		-		-		763		160
Luna		-		-		454		280
Lurleen		7,700		3,304		550		343
Madison		-		-		734		152
Mae		-		-		1,061		191
Magnolia		-		-		677		194
Malbec		-		-		689		-
Mammoth		-		-		744		688
Marcelo		-		-		855		223
Marie		11,140		7,412		159		402
Marietta		-		-		913		168
Marion		-		-		-		-
Marple		6,160		4,260		88		-
Martell		9,100		6,203		130		-
Mary		-		-		-		-
Matchingham		-		-		476		337
McGregor		-		-		1,769		490
McLovin		-		-		1,100		1,046

F-249

Series	Sourcing Fees		Offering Expenses		Asset Management Fee		Property Management Fee
Meadow		-		-		795		138
Mimosa		-		3,510		645		193
Mojave		-		-		580		103
Murphy		-		-		653		367
Mycroft		6,300		4,346		90		-
Nugget		-		-		3,196		950
Odessa		-		-		1,102		698
Olive		-		-		687		348
Oly		-		-		1,096		501
Onyx		-		-		-		-
Oscar		-		-		-		-
Osceola		-		-		-		-
Osprey		-		-		2,023		367
Otoro		-		-		1,021		-
Palmer		-		-		-		-
Patrick		-		-		565		107
Peanut		-		-		567		113
Pearl		-		-		3,129		472
Pecan		-		-		534		-
Piedmont		-		-		1,155		682
Pinot		-		-		696		176
Pioneer		-		-		3,279		726
Plumtree		-		-		544		312
Point		-		-		850		795
Porthos		-		-		-		-
Quincy		-		-		1,650		541
Redondo		-		-		945		600
Regency		9,620		4,023		550		548
Reginald		-		-		1,305		877
Reynolds		-		-		2,464		299
Ribbonwalk		-		-		695		-
Richardson		-		-		945		252
Ridge		-		-		527		319
Ritter		-		-		2,904		298
River		-		-		638		341
Riverwalk		-		-		2,286		538
Rooney		-		-		782		586
Roseberry		-		-		732		-
Rosewood		-		-		727		355
Roxy		-		-		718		538
Saddlebred		-		-		992		538
Saint		-		-		740		406
Sajni		10,500		7,007		600		396
Salem		-		-		669		-
Salinas		8,050		5,436		460		205
Saturn		-		-		527		135
Scepter		-		-		589		386

F-250

Series	Sourcing Fees		Offering Expenses		Asset Management Fee		Property Management Fee
Sequoyah		-		-		744		188
Shallowford		-		-		1,086		660
Shoreline		-		-		625		623
Sigma		-		-		820		371
Simon		-		-		-		-
Sims		9,550		6,493		136		-
Soapstone		-		-		500		99
Sodalis		-		-		1,450		319
Spencer		-		-		694		442
Splash		-		-		560		216
Spring		-		-		744		271
Stonebriar		-		-		545		56
Sugar		-		-		735		287
Summerset		-		-		594		-
Sundance		-		-		945		399
Sunnyside		7,900		5,271		452		564
Swift		-		-		1,978		275
Taylor		-		-		690		11
Terracotta		-		-		699		411
Theodore		-		-		-		-
Tulip		-		-		832		-
Tuscan		-		-		828		-
Tuscarora		11,750		7,802		672		371
Tuxford		-		-		688		303
Vernon		-		-		581		303
Walton		-		-		1,735		159
Wave		-		-		717		-
Weldon		-		-		515		231
Wellington		-		-		1,215		287
Wentworth		-		-		563		-
Wescott		-		-		1,008		442
Westchester		-		-		911		503
Wildwood		-		-		752		624
Willow		-		-		879		422
Wilson		-		-		1,155		648
Windsor		-		-		786		1,205
Winston		-		-		987		59
Wisteria		-		-		653		2
Total	$	194,090	$	126,425	$	215,284	$	73,469

F-251

June 30, 2022

Series	Sourcing Fees		Offering Expenses		Asset Management Fee		Property Management Fee
100	$	31,980	$	14,116	$	1,176	$	-
101		33,000		14,529		600		-
Abbington		24,880		11,081		461		-
Amber		16,960		2,930		849		-
Apollo		10,540		2,147		76		-
Avebury		15,290		3,005		349		-
Badminton		-		-		546		-
Bandelier		17,320		2,950		862		-
Baron		29,290		13,062		544		-
Basil		-		-		478		-
Bayside		14,620		2,460		718		-
Bazzel		-		-		-		-
Bedford		15,620		2,463		308		-
Burlington		33,830		14,881		620		-
Butter		18,380		3,220		940		-
Centennial		-		-		591		-
Chaparral		-		-		524		-
Chelsea		16,410		3,267		344		-
Clover		-		-		-		-
Coatbridge		15,340		2,620		764		-
Collier		-		-		-		-
Collinston		12,540		2,060		601		-
Cupcake		-		-		543		-
Davidson		12,540		1,850		539		-
Dawson		13,240		2,200		640		-
Delta		18,250		2,910		484		-
Dewberry		-		-		462		-
Diablo		16,610		2,890		753		-
Dogwood		-		-		-		-
Dolittle		16,960		2,680		780		-
Dorchester		-		-		-		-
Dunbar		16,870		7,467		200		-
Eastfair		-		-		430		-
Elevation		15,000		2,520		733		-
Elm		10,440		1,640		479		-
Emporia		18,720		3,629		509		-
Ensenada		26,050		4,640		1,352		-
Folly		-		-		-		-
Forest		16,420		3,260		952		-
Gardens		11,770		2,327		288		-
Grant		18,230		3,285		951		-
Greenhill		17,590		2,810		468		-
Grove		12,180		2,102		175		-

F-252

Series	Sourcing Fees		Offering Expenses		Asset Management Fee		Property Management Fee
Hadden		12,090		2,219		396		-
Heritage		15,470		3,022		212		-
Heron		15,370		3,097		220		-
Hines		13,470		5,931		246		-
Holcomb		18,650		8,190		341		-
Holland		12,540		2,070		602		-
Hollandaise		19,100		3,292		411		-
Holloway		-		-		738		-
Jack		21,820		4,354		459		-
Jake		30,740		13,526		553		-
Johnny		30,490		13,358		506		-
June		30,490		13,358		555		-
Jupiter		12,780		2,110		614		-
Lallie		-		-		847		-
Lanier		19,790		3,361		280		-
Lannister		9,560		2,067		80		-
Latte		19,180		8,349		347		-
Lennox		12,780		2,120		618		-
Lierly		-		-		473		-
Lily		24,250		4,880		1,421		-
Limestone		14,090		2,770		807		-
Lookout		17,880		7,984		202		-
Louise		14,790		2,748		327		-
Lovejoy		15,760		3,050		428		-
Luna		-		-		452		-
Madison		11,320		2,934		122		-
Magnolia		13,430		2,708		191		-
Malbec		-		-		689		-
Mammoth		17,830		2,977		248		-
Matchingham		12,530		1,900		556		-
McGregor		15,940		7,075		589		-
McLovin		24,640		4,400		1,283		-
Meadow		15,260		3,180		927		-
Mojave		-		-		580		-
Murphy		16,580		2,610		762		-
Nugget		29,050		12,782		532		-
Odessa		25,000		4,410		1,280		-
Olive		13,480		2,750		800		-
Oly		24,650		4,380		1,274		-
Osprey		18,700		8,092		336		-
Otoro		21,320		4,084		429		-

F-253

Series	Sourcing Fees		Offering Expenses		Asset Management Fee		Property Management Fee
Patrick		-		-		565		-
Peanut		11,400		2,266		245		-
Pearl		28,350		12,514		521		-
Pecan		-		-		534		-
Pinot		-		-		696		-
Pioneer		29,930		13,116		546		-
Plumtree		-		-		544		-
Point		20,140		3,401		283		-
Reynolds		22,500		9,855		409		-
Ribbonwalk		17,700		2,780		810		-
Ridge		12,810		2,110		613		-
Ritter		26,550		11,616		484		-
River		15,090		2,550		745		-
Riverwalk		-		-		-		-
Rooney		18,160		3,130		912		-
Roseberry		-		-		732		-
Rosewood		14,600		2,908		205		-
Roxy		17,150		2,873		239		-
Saddlebred		22,540		3,970		1,157		-
Saint		16,830		2,958		493		-
Salem		-		-		669		-
Saturn		12,780		2,110		613		-
Scepter		15,350		2,360		686		-
Shoreline		-		-		622		-
Sigma		18,780		3,280		956		-
Soapstone		-		-		500		-
Spencer		-		-		694		-
Splash		-		-		560		-
Stonebriar		10,850		2,182		166		-
Sugar		14,870		2,940		858		-
Summerset		-		-		594		-
Swift		18,520		7,913		330		-
Terracotta		16,990		2,796		316		-
Tulip		16,950		3,328		350		-
Tuscan		-		-		828		-
Tuxford		14,220		2,750		402		-
Vernon		14,890		2,330		677		-
Walton		-		-		-		-
Wave		17,890		2,867		477		-
Weldon		12,540		2,060		601		-
Wentworth		-		-		562		-
Wescott		14,540		4,033		149		-
Westchester		16,030		3,640		1,062		-
Wildwood		11,830		3,008		125		-
Windsor		-		-		785		-
Wisteria		16,180		2,611		218		-
Total	$	1,772,420	$	461,842	$	71,862	$	-

F-254

NOTE 8: SUBSEQUENT EVENTS

The following list represents acquisitions that are in contract but have not closed as of June 30, 2023.

Series Member Name	Address	Contract Date	Acquisition Date	Purchase Price
Arrived Homes Series Eastwood	516 Cliff Street, Morristown, TN 37814	7/25/2023	8/30/2023	$	318,285
Arrived Homes Series Alvin	506 Cliff Street, Morristown, TN 37814	7/25/2023	8/30/2023		317,505
Arrived Homes Series Abernant	5632 Barretts Trace Lane, Tuscaloosa, AL 35405	7/24/2023	8/16/2023		227,240
Arrived Homes Series Briarwood	27 Erwin Drive, Austin, AR 72007	7/5/2023	8/10/2023		209,925
Arrived Homes Series Peterson	4557 Barretts Trace Blvd, Tuscaloosa, AL 35405	7/24/2023	8/3/2023		225,790
Arrived Homes Series Richmond	2105 Richmond Avenue, Portsmouth, VA 23704	7/20/2023	8/2/2023		379,883
Arrived Homes Series Hobbes	542 Wilson Street, Suffolk, VA 23434	7/20/2023	7/27/2023		232,500
Arrived Homes Series Hargrave	106 Halifax Street, Suffolk, VA 23434	7/20/2023	7/27/2023		232,500
Arrived Homes Series Calvin	540 Wilson Street, Suffolk, VA 23434	7/20/2023	7/27/2023		235,000
Arrived Homes Series Irene	612 W 23rd Street, North Little Rock, AR 72114	7/5/2023	7/26/2023		176,000
Arrived Homes Series Fletcher	1917 Moss Street, North Little Rock, AR 72114	7/5/2023	7/26/2023		176,000
Arrived Homes Series Winchester	4596 Winchester Hills Way, Birmingham, AL 35215	7/5/2023	7/14/2023		265,000
Arrived Homes Series Ellen	3553 Chokecherry Lane, Indianapolis, IN 46235	5/24/2023	7/12/2023		249,500
Arrived Homes Series Bergenia	1621 N Street SE, Decatur, AL 35601	4/13/2023	7/12/2023		217,000
				$	3,462,128.00

F-255

ITEM 4. EXHIBITS

Exhibit No.	Description
2.1*	Certificate of Formation of Arrived Homes, LLC
2.2*	Operating Agreement of Arrived Homes, LLC
3.1*	Form of Series Designation of Arrived Homes Series [*] LLC, a series of Arrived Homes, LLC
4.1*	Form of subscription agreement of Arrived Homes Series [*] LLC, a Series of Arrived Homes, LLC
6.1*	Broker Dealer Agreement, dated September 23, 2020, between Arrived Homes LLC and Dalmore Group, LLC
6.2*	Form of Purchase and Sale Agreement dated October 26, 2020, between Arrived Holdings, Inc. and Arrived Homes Series Lierly LLC, a series of Arrived Homes, LLC
6.3*	Form of Promissory Note between Arrived Homes Series Lierly LLC, a series of Arrived Holdings, LLC, and Arrived Holdings, Inc.
6.4*	Form of Property Management Agreement dated [*], 202[*], between Blue Canopy Realty and Arrived Homes Series [*] LLC, a series of Arrived Homes, LLC
6.5*	Form of Purchase and Sale Agreement dated October 26, 2020, between Arrived Holdings, Inc. and Arrived Homes Series Soapstone LLC, a series of Arrived Homes, LLC
6.6*	Promissory Note between Arrived Homes Series Soapstone LLC, a series of Arrived Holdings, LLC, and Arrived Holdings, Inc.
6.7*	Form of Purchase and Sale Agreement dated January 4, 2021, between Arrived Holdings, Inc. and Arrived Homes Series Patrick LLC, a series of Arrived Homes, LLC
6.8*	Form of Software and Services License Agreement dated [*], 2020 by and between North Capital Investment Technology, Inc. and Arrived Holdings, Inc.
6.9*	Promissory Note between Arrived Homes Series Patrick LLC, a series of Arrived Homes, LLC and Arrived Holdings, Inc. dated January 4, 2021
6.10*	Form of Purchase and Sale Agreement dated January 1, 2021, between Arrived Holdings, Inc. and Arrived Homes Series Pecan LLC, a series of Arrived Homes, LLC
6.11*	Promissory Note between Arrived Homes Series Pecan LLC, a series of Arrived Homes, LLC and Arrived Holdings, Inc. dated January 1, 2021
6.12*	Form of Membership Interest Purchase Agreement dated January 4, 2021, between Arrived Holdings, Inc. and Arrived Homes Series Plumtree LLC, a series of Arrived Homes, LLC
6.13*	Promissory Note between Arrived Homes Series Plumtree LLC, a series of Arrived Homes, LLC and Arrived Holdings, Inc. dated January 4, 2021
6.14*	Form of Membership Interest Purchase Agreement dated January 14, 2021, between Arrived Holdings, Inc. and Arrived Homes Series Chaparral LLC, a series of Arrived Homes, LLC
6.15*	Promissory Note between Arrived Homes Series Chaparral LLC, a series of Arrived Homes, LLC and Arrived Holdings, Inc. dated January 14, 2021
6.16*	Membership Interest Purchase Agreement dated April 30, 2021, between Arrived Holdings, Inc. and Arrived Homes Series Splash LLC, a series of Arrived Homes, LLC
6.17*	Promissory Note between Arrived Homes Series Splash LLC, a series of Arrived Homes, LLC and Arrived Holdings, Inc. dated April 30, 2021
6.18*	Membership Interest Purchase Agreement dated May 12, 2021, between Arrived Holdings, Inc. and Arrived Homes Series Tuscan LLC, a series of Arrived Homes, LLC
6.19*	Promissory Note between Arrived Homes Series Tuscan LLC, a series of Arrived Homes, LLC and Arrived Holdings, Inc. dated May 12, 2021

23

6.20*	Contract of Sale Residential dated May 11, 2021 by and between the seller and Arrived SC Kingsley, LLC
6.21*	Promissory Note between Arrived Homes Series Kingsley LLC, a series of Arrived Homes, LLC and Arrived Holdings, Inc. dated June 1, 2021
6.22*	Offer to Purchase and Contract dated May 14, 2021 by and between certain sellers and Arrived NC Centennial, LLC
6.23*	Promissory Note between Arrived Homes Series Centennial LLC, a series of Arrived Homes, LLC and Arrived Holdings, Inc. dated June 7, 2021
6.24*	Contract of Sale Residential dated May 14, 2021 by and between the seller named therein and Arrived SC Eastfair, LLC
6.25*	Promissory Note between Arrived Homes Series Eastfair LLC, a series of Arrived Homes, LLC and Arrived Holdings, Inc. dated June 4, 2021
6.26*	Purchase and Sale Agreement dated May 13, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Badminton Property
6.27*	Purchase and Sale Agreement dated May 21, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Basil Property
6.28*	Purchase and Sale Agreement dated May 15, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Eastfair Property
6.29*	Purchase and Sale Agreement dated May 12, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Holloway Property
6.30*	Purchase and Sale Agreement dated May 11, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Kingsley Property
6.31*	Purchase and Sale Agreement dated May 21, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Lallie Property
6.32*	Purchase and Sale Agreement dated March 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Pinot Property
6.32.1*	Counteroffer to Offer dated March 27, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Pinot Property
6.33*	Purchase and Sale Agreement dated March 26, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Salem Property
6.33.1*	Counteroffer to Offer dated March 30, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Salem Property
6.34*	Purchase and Sale Agreement dated May 24, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Shoreline Property
6.35*	Purchase and Sale Agreement dated May 24, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Spencer Property
6.36*	Purchase and Sale Agreement dated March 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Splash Property
6.36.1*	Counteroffer to Offer dated March 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Splash Property
6.37*	Purchase and Sale Agreement dated May 14, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Centennial Property
6.38*	Purchase and Sale Agreement dated May 25, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Dewberry Property
6.39*	Purchase and Sale Agreement dated May 11, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Luna Property

24

6.40*	Purchase and Sale Agreement dated March 27, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Malbec Property
6.41*	Purchase and Sale Agreement dated June 2, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Roseberry Property
6.42*	Purchase and Sale Agreement dated May 21, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Summerset Property
6.43*	Purchase and Sale Agreement dated March 27, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Tuscan Property
6.43.1*	Counteroffer to Offer dated March 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Tuscan Property
6.44*	Purchase and Sale Agreement dated June 3, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Windsor Property
6.45*	Form of Property Management Agreement dated [*], 20[*], between Great Jones and Arrived Homes Series [*], a series of Arrived Homes, LLC
6.46*	Form of Promissory Note between Arrived Holdings, Inc. and Arrived Homes Series [*], a Series of Arrived Homes, LLC
6.47*	Form of Lease Agreement between Tenant and Arrived Homes Series [*], a Series of Arrived Homes, LLC through its Authorized Agent, Blue Canopy Realty LLC
6.48*	Purchase and Sale Agreement dated August 30, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Amber Property
6.49*	Purchase and Sale Agreement dated June 4, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Bayside Property
6.49.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Bayside dated June 22, 2021 for Series Bayside Property
6.50*	Purchase and Sale Agreement dated June 8, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Coatbridge Property
6.50.1*	Addendum to Purchase and Sale Agreement dated June 8, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Coatbridge Property
6.51*	Purchase and Sale Agreement dated July 19, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Collinston Property
6.52*	Purchase and Sale Agreement dated June 4, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Dawson Property
6.53*	Purchase and Sale Agreement dated June 9, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Elevation Property
6.53.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Elevation dated July 15, 2021 for Series Elevation Property
6.54*	Purchase and Sale Agreement dated May 20, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Elm Property
6.54.1*	Addendum to Purchase and Sale Agreement dated May 20, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Elm Property
6.55*	Purchase and Sale Agreement dated June 9, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Forest Property
6.55.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Forest dated July 15, 2021 for Series Forest Property
6.56*	Purchase and Sale Agreement dated June 12, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Holland Property

25

6.57*	Purchase and Sale Agreement dated June 8, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Jupiter Property
6.58*	Purchase and Sale Agreement dated June 9, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Lennox Property
6.58.1*	Addendum to Purchase and Sale Agreement dated June 9, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Lennox Property
6.59*	Purchase and Sale Agreement dated August 30, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Lily Property
6.60*	Purchase and Sale Agreement dated June 13, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Limestone Property
6.60.1*	Addendum to Purchase and Sale Agreement dated June 13, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Limestone Property
6.60.2*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Limestone dated August 5, 2021 for Series Limestone Property
6.61*	Purchase and Sale Agreement dated August 22, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Meadow Property
6.62*	Purchase and Sale Agreement dated August 30, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Odessa Property
6.62.1*	Counteroffer to Offer Dated September 1, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Odessa Property
6.63*	Purchase and Sale Agreement dated June 10, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Olive Property
6.63.1*	Addendum to Purchase and Sale Agreement dated June 10, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Olive Property
6.64*	Purchase and Sale Agreement dated June 9, 2021 between Ar rived Holdings, Inc./Assignee and Seller for Series Ridge Property
6.64.1*	Addendum to Purchase and Sale Agreement dated June 9, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Ridge Property
6.65*	Purchase and Sale Agreement dated June 7, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series River Property
6.66*	Purchase and Sale Agreement dated August 30, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Saddlebred Property
6.66.1*	Counteroffer to Offer Dated September 7, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Saddlebred Property
6.67*	Purchase and Sale Agreement dated July 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Saturn Property
6.68*	Purchase and Sale Agreement dated June 11, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Sugar Property
6.68.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Sugar dated June 17, 2021 for Series Sugar Property
6.69*	Purchase and Sale Agreement dated June 12, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Weldon Property
6.70*	Purchase and Sale Agreement dated June 4, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Westchester Property

26

6.70.1*	Addendum to Purchase and Sale Agreement dated June 4, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Westchester Property
6.71*	Form of Lease Agreement between Tenant and Arrived Homes Series [*], a Series of Arrived Homes, LLC holding a series property located in North Carolina through its Authorized Agent, Great Jones North Carolina, LLC
6.72*	Form of Lease Agreement between Tenant and Arrived Homes Series [*], a Series of Arrived Homes, LLC holding a series property located in South Carolina through its Authorized Agent, Great Jones South Carolina, LLC
6.73*	Form of Mortgage Agreement between Arrived Homes Series [*], a Series of Arrived Homes, LLC and Certain Lending, Inc. for series property in the state of South Carolina
6.74*	Form of Deed of Trust Agreement between Arrived Homes Series [*], a Series of Arrived Homes, LLC and Certain Lending, Inc. for series property in the state of North Carolina
6.75*	Form of Deed of Trust Agreement between Arrived Homes Series [*], a Series of Arrived Homes, LLC and Certain Lending, Inc. for series property in the state of Colorado
6.76*	Purchase and Sale Agreement dated September 8, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Bandelier Property
6.76.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Bandelier dated September 29, 2021 for Series Bandelier Property
6.76.2*	Addendum to Purchase and Sale Agreement dated September 8, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Bandelier Property
6.77*	Purchase and Sale Agreement dated June 13, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Butter Property
6.77.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Butter dated September 7, 2021 for Series Butter Property
6.78*	Purchase and Sale Agreement dated June 12, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Davidson Property
6.79*	Purchase and Sale Agreement dated November 18, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Diablo Property
6.79.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Diablo dated December 1, 2021 for Series Diablo Property
6.79.2*	Addendum to Purchase and Sale Agreement dated November 19, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Diablo Property
6.79.3*	Counteroffer to Offer dated November 19, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Diablo Property
6.80*	Purchase and Sale Agreement dated June 6, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Dolittle Property
6.81*	Purchase and Sale Agreement dated September 22, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Ensenada Property
6.81.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Ensenada dated September 23, 2021 for Series Ensenada Property
6.81.2*	Counteroffer to Offer dated September 23, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Ensenada Property
6.82*	Purchase and Sale Agreement dated September 26, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Grant Property
6.82.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Ensenada dated October 12, 2021 for Series Grant Property

27

6.82.2*	Addendum to Purchase and Sale Agreement dated October 13, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Grant Property
6.83*	Purchase and Sale Agreement dated September 26, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Kerriann Property
6.83.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Ensenada dated October 20, 2021 for Series Kerriann Property
6.83.2*	Addendum to Purchase and Sale Agreement dated September 26, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Kerriann Property
6.84*	Purchase and Sale Agreement dated May 25, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Matchingham Property
6.84.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Matchingham dated September 17, 2021 for Series Matchingham Property
6.85*	Purchase and Sale Agreement dated November 6, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series McLovin Property
6.85.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series McLovin dated November 19, 2021 for Series McLovin Property
6.85.2*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series McLovin dated November 29, 2021 for Series McLovin Property
6.85.3*	Addendum to Purchase and Sale Agreement dated November 24, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series McLovin Property
6.86*	Purchase and Sale Agreement dated May 21, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Murphy Property
6.87*	Purchase and Sale Agreement dated October 28, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Oly Property
6.87.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Oly dated November 10, 2021 for Series Oly Property
6.88*	Purchase and Sale Agreement dated September 18, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Ribbonwalk Property
6.88.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Ribbonwalk dated September 18, 2021 for Series Ribbonwalk Property
6.89*	Purchase and Sale Agreement dated September 3, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Rooney Property
6.89.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Rooney dated October 2, 2021 for Series Rooney Property
6.90*	Purchase and Sale Agreement dated September 18, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Scepter Property
6.90.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Scepter dated September 29, 2021 for Series Scepter Property
6.91*	Purchase and Sale Agreement dated November 17, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Sigma Property
6.91.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Sigma dated November 24, 2021 for Series Sigma Property
6.91.2*	Addendum to Purchase and Sale Agreement dated December 3, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Sigma Property
6.91.3*	Addendum to Purchase and Sale Agreement dated November 24, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Sigma Property

28

6.92*	Purchase and Sale Agreement dated June 6, 2021 between Arrived Holdings, Inc._Assignee and Seller for Series Vernon Property
6.92.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Vernon dated July 15, 2021 for Series Vernon Property
6.92.2*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Vernon dated August 31, 2021 for Series Vernon Property
6.93*	Transfer Agent Agreement dated November 30, 2020, between Arrived Homes, LLC and Colonial Stock Transfer Company, Inc.
6.94*	Purchase and Sale Agreement dated December 24, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Delta Property
6.94.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Delta dated December 31, 2021 for Series Delta Property
6.94.2*	Addendum to Purchase and Sale Agreement dated January 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Delta Property
6.95*	Purchase and Sale Agreement dated January 6, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Emporia Property
6.95.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Emporia dated January 11, 2022 for Series Emporia Property
6.96*	Purchase and Sale Agreement dated June 7, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Greenhill Property
6.96.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Greenhill dated January 4, 2022 for Series Greenhill Property
6.97*	Purchase and Sale Agreement dated January 5, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Kawana Property
6.97.1*	Counteroffer to Offer Dated January 11, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Kawana Property
6.98*	Purchase and Sale Agreement dated January 5, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Lovejoy Property
6.98.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Lovejoy dated January 11, 2022 for Series Lovejoy Property
6.99*	Purchase and Sale Agreement dated December 16, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Saint Property
6.99.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Saint dated December 22, 2021 for Series Saint Property
6.100*	Purchase and Sale Agreement dated January 13, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Tuxford Property
6.101*	Purchase and Sale Agreement dated December 27, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Wave Property
6.101.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Saint dated December 31, 2021 for Series Wave Property
6.102*	Form of Property Management Agreement dated December 30, 2021, between Marketplace Homes and Arrived Homes Series [*], a series of Arrived Homes, LLC
6.103*	Purchase and Sale Agreement dated January 20, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Avebury Property
6.103.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Avebury dated February 4, 2022 for Series Avebury Property

29

6.103.2*	Addendum to Purchase and Sale Agreement dated January 20, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Avebury Property
6.104*	Purchase and Sale Agreement dated January 26, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Chelsea Property
6.104.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Chelsea dated February 7, 2022 for Series Chelsea Property
6.105*	Purchase and Sale Agreement dated December 24, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Hadden Property
6.105.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Hadden dated January 3, 2022 for Series Hadden Property
6.105.2*	Addendum to Purchase and Sale Agreement dated January 24, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Hadden Property
6.106*	Purchase and Sale Agreement dated January 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Hollandaise Property
6.106.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Hollandaise dated January 20, 2022 for Series Hollandaise Property
6.106.2*	Counteroffer to Offer dated January 13, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Hollandaise Property
6.107*	Purchase and Sale Agreement dated January 25, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Otoro Property
6.107.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Otoro dated February 4, 2022 for Series Otoro Property
6.108*	Purchase and Sale Agreement dated January 14, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Terracotta Property
6.108.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Terracotta dated January 21, 2022 for Series Terracotta Property
6.109*	Purchase and Sale Agreement dated December 22, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Bedford Property
6.109.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Bedford dated January 3, 2022 for Series Bedford Property
6.109.2*	Addendum to Purchase and Sale Agreement dated February 1, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Bedford Property
6.110*	Purchase and Sale Agreement dated December 22, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Gardens Property
6.110.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Gardens dated March 11, 2022 for Series Gardens Property
6.111*	Purchase and Sale Agreement dated Janaury 21, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Jack Property
6.111.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Jack dated March 18, 2022 for Series Jack Property
6.112*	Purchase and Sale Agreement dated February 24, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Louise Property
6.112.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Louise dated March 11, 2022 for Series Louise Property
6.113*	Purchase and Sale Agreement dated March 1, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Peanut Property

30

6.113.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Peanut dated March 11, 2022 for Series Peanut Property
6.114*	Purchase and Sale Agreement dated March 1, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Tulip Property
6.114.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Tulip dated March 11, 2022 for Series Tulip Property
6.115*	Purchase and Sale Agreement dated April 11, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series 100 Property
6.115.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series 100 dated April 12, 2022 for Series 100 Property
6.116*	Purchase and Sale Agreement dated March 7, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Grove Property
6.116.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Grove dated March 11, 2022 for Series Grove Property
6.117.*	Purchase and Sale Agreement dated March 18, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Heritage Property
6.117.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Heritage dated March 21, 2022 for Series Heritage Property
6.118*	Purchase and Sale Agreement dated March 21, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Heron Property
6.118.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Heron dated March 23, 2022 for Series Heron Property
6.119*	Purchase and Sale Agreement dated March 23, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Kirkwood Property
6.119.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Kirkwood dated March 23, 2022 for Series Kirkwood Property
6.120*	Purchase and Sale Agreement dated March 18, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Lanier Property
6.120.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Lanier dated March 21, 2022 for Series Lanier Property
6.121*	Purchase and Sale Agreement dated April 4, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Magnolia Property
6.121.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Magnolia dated April 5, 2022 for Series Magnolia Property
6.122*	Purchase and Sale Agreement dated March 12, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Mammoth Property
6.122.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Mammoth dated March 14, 2022 for Series Mammoth Property
6.123*	Purchase and Sale Agreement dated March 25, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series McGregor Property
6.123.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series McGregor dated April 12, 2022 for Series McGregor Property
6.123.2*	Counteroffer to Offer dated March 25, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series McGregor Property
6.124*	Purchase and Sale Agreement dated March 8, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Point Property

31

6.124.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Point dated March 22, 2022 for Series Point Property
6.124.2*	Counteroffer to Offer dated March 9, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Point Property
6.124.3*	Addendum to Purchase and Sale Agreement dated March 22, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Point Property
6.125*	Purchase and Sale Agreement dated March 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Rosewood Property
6.125.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Rosewood dated March 15, 2022 for Series Rosewood Property
6.126*	Purchase and Sale Agreement dated March 15, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Roxy Property
6.126.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Roxy dated March 16, 2022 for Series Roxy Property
6.126.2*	Counteroffer to Offer dated March 16, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Roxy Property
6.127*	Purchase and Sale Agreement dated March 22, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Stonebriar Property
6.127.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Stonebriar dated March 23, 2022 for Series Stonebriar Property
6.127.2*	Addendum to Purchase and Sale Agreement dated April 6, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Stonebriar Property
6.128*	Purchase and Sale Agreement dated February 3, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Wisteria Property
6.128.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Wisteria dated March 11, 2022 for Series Wisteria Property
6.129*	Purchase and Sale Agreement dated April 11, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Apollo Property
6.129.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Apollo dated April 14, 2022 for Series Apollo Property
6.130*	Purchase and Sale Agreement dated April 25, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Baron Property
6.131*	Purchase and Sale Agreement dated March 29, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Madison Property
6.131.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Madison dated March 30, 2022 for Series Madison Property
6.132*	Purchase and Sale Agreement dated April 14, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Swift Property
6.132.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Swift dated April 13, 2022 for Series Swift Property
6.133*	Purchase and Sale Agreement dated April 15, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Wescott Property
6.133.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Wescott dated April 18, 2022 for Series Wescott Property
6.134*	Purchase and Sale Agreement dated March 23, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Wildwood Property

32

6.134.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Wildwood dated April 13, 2022 for Series Wildwood Property
6.135*	Purchase and Sale Agreement dated May 3, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Abbington Property
6.135.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Abbington dated May 4, 2022 for Series Abbington Property
6.136*	Purchase and Sale Agreement dated April 29, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Burlington Property
6.137*	Purchase and Sale Agreement dated April 29, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Lannister Property
6.137.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Lannister dated May 2, 2022 for Series Lannister Property
6.138*	Purchase and Sale Agreement dated April 22, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Nugget Property
6.138.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Nugget dated April 28, 2022 for Series Nugget Property
6.138.2*	Counteroffer to Offer dated April 22, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Nugget Property
6.139*	Purchase and Sale Agreement dated April 29, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Pearl Property
6.139.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Pearl dated May 2, 2022 for Series Pearl Property
6.140*	Purchase and Sale Agreement dated May 7, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series 101 Property
6.140.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series 101 dated May 10, 2022 for Series 101 Property
6.140.2*	Addendum to Purchase and Sale Agreement dated May 7, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series 101 Property
6.140.3*	Counteroffer to Offer dated May 5, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series 101 Property
6.141*	Purchase and Sale Agreement dated May 18, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Hines Property
6.141.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Hines dated May 18, 2022 for Series Hines Property
6.141.2*	Addendum to Purchase and Sale Agreement dated May 16, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Hines Property
6.142*	Purchase and Sale Agreement dated May 9, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Holcomb Property
6.142.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Holcomb dated May 11, 2022 for Series Holcomb Property
6.143*	Purchase and Sale Agreement dated May 7, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Jake Property
6.143.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Jake dated May 10, 2022 for Series Jake Property
6.144*	Purchase and Sale Agreement dated May 15, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Latte Property

33

6.144.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Latte dated May 17, 2022 for Series Latte Property
6.145*	Purchase and Sale Agreement dated May 9, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Ritter Property
6.145.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Ritter dated May 20, 2022 for Series Ritter Property
6.146*	Purchase and Sale Agreement dated May 13, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Bazzel Property
6.146.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Bazzel dated May 12, 2022 for Series Bazzel Property
6.146.2*	Addendum to Purchase and Sale Agreement dated May 11, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Bazzel Property
6.147*	Purchase and Sale Agreement dated May 18, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Dunbar Property
6.147.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Dunbar dated May 19, 2022 for Series Dunbar Property
6.147.2*	Addendum to Purchase and Sale Agreement dated May 18, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Dunbar Property
6.148*	Purchase and Sale Agreement dated May 8, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Johnny Property
6.148.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Johnny dated May 10, 2022 for Series Johnny Property
6.149*	Purchase and Sale Agreement dated May 8, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series June Property
6.149.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series June dated May 10, 2022 for Series June Property
6.150*	Purchase and Sale Agreement dated May 13, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Kennesaw Property
6.150.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Kennesaw dated May 17, 2022 for Series Kennesaw Property
6.151*	Purchase and Sale Agreement dated May 19, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Lookout Property
6.151.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Lookout dated May 19, 2022 for Series Lookout Property
6.152*	Purchase and Sale Agreement dated April 13, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Osprey Property
6.152.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Osprey dated April 14, 2022 for Series Osprey Property
6.153*	Purchase and Sale Agreement dated May 14, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Pioneer Property
6.153.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Pioneer dated May 14, 2022 for Series Pioneer Property
6.153.2*	Counteroffer to Offer dated May 14, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Pioneer Property
6.154*	Purchase and Sale Agreement dated May 16, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Reynolds Property

34

6.154.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Reynolds dated May 18, 2022 for Series Reynolds Property
6.155*	Purchase and Sale Agreement dated May 31, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Clover Property
6.155.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Clover dated May 24, 2022 for Series Clover Property
6.155.2*	Addendum to Purchase and Sale Agreement dated May 31, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Clover Property
6.155.3*	Counteroffer to Offer dated May 31, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Clover Property
6.156*	Purchase and Sale Agreement dated May 31, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Collier Property
6.156.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Collier dated June 7, 2022 for Series Collier Property
6.157*	Purchase and Sale Agreement dated May 25, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Dogwood Property
6.157.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Dogwood dated May 27, 2022 for Series Dogwood Property
6.157.2*	Counteroffer to Offer dated May 25, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Dogwood Property
6.158*	Purchase and Sale Agreement dated May 31, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Dorchester Property
6.158.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Dorchester dated May 31, 2022 for Series Dorchester Property
6.159*	Purchase and Sale Agreement dated May 31, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Folly Property
6.159.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Folly dated May 31, 2022 for Series Folly Property
6.160*	Purchase and Sale Agreement dated May 25, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Riverwalk Property
6.160.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Riverwalk dated June 1, 2022 for Series Riverwalk Property
6.161*	Purchase and Sale Agreement dated May 30, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Walton Property
6.161.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Walton dated June 1, 2022 for Series Walton Property
6.161.2*	Counteroffer to Offer dated May 19, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Walton Property
6.162*	Purchase and Sale Agreement dated May 25, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Belle Property
6.162.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Belle dated May 27, 2022 for Series Belle Property
6.162.2*	Addendum to Purchase and Sale Agreement dated May 25, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Belle Property
6.163*	Purchase and Sale Agreement dated May 21, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Chitwood Property

35

6.163.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Chitwood dated May 26, 2022 for Series Chitwood Property
6.164*	Purchase and Sale Agreement dated May 31, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Conway Property
6.164.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Conway dated May 31, 2022 for Series Conway Property
6.164.2*	Addendum to Purchase and Sale Agreement dated May 26, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Conway Property
6.165*	Purchase and Sale Agreement dated June 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Creekside Property
6.165.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Creekside dated June 9, 2022 for Series Creekside Property
6.165.2*	Counteroffer to Offer dated June 9, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Creekside Property
6.166*	Purchase and Sale Agreement dated June 2, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Daisy Property
6.166.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Daisy dated June 7, 2022 for Series Daisy Property
6.167*	Purchase and Sale Agreement dated June 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Dolly Property
6.167.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Dolly dated June 13, 2022 for Series Dolly Property
6.168*	Purchase and Sale Agreement dated June 1, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Henry Property
6.168.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Henry dated June 6, 2022 for Series Henry Property
6.169*	Purchase and Sale Agreement dated February 21, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Highland Property
6.169.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Highland dated June 20, 2022 for Series Highland Property
6.169.2*	Addendum to Purchase and Sale Agreement dated March 21, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Highland Property
6.170*	Purchase and Sale Agreement dated June 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Kenny Property
6.170.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Kenny dated June 13, 2022 for Series Kenny Property
6.171*	Purchase and Sale Agreement dated May 31, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Loretta Property
6.171.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Loretta dated May 31, 2022 for Series Loretta Property
6.172*	Purchase and Sale Agreement dated May 27, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Sodalis Property
6.172.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Sodalis dated June 24, 2022 for Series Sodalis Property
6.173*	Purchase and Sale Agreement dated May 20, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Spring Property

36

6.173.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Spring dated May 19, 2022 for Series Spring Property
6.174*	Purchase and Sale Agreement dated June 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Willow Property
6.174.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Willow dated June 28, 2022 for Series Willow Property
6.175*	Purchase and Sale Agreement dated June 7, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Wilson Property
6.175.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Wilson dated June 16, 2022 for Series Wilson Property
6.176*	Purchase and Sale Agreement dated May 19, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Blossom Property
6.176.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Blossom dated June 16, 2022 for Series Blossom Property
6.176.2*	Addendum to Purchase and Sale Agreement dated May 20, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Blossom Property
6.177*	Purchase and Sale Agreement dated June 2, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Bonneau Property
6.177.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Bonneau dated June 16, 2022 for Series Bonneau Property
6.178*	Purchase and Sale Agreement dated June 12, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Braxton Property
6.178.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Braxton dated June 27, 2022 for Series Braxton Property
6.178.2*	Addendum to Purchase and Sale Agreement dated June 14, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Braxton Property
6.179*	Purchase and Sale Agreement dated June 17, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Camino Property
6.179.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Camino dated June 21, 2022 for Series Camino Property
6.179.2*	Addendum to Purchase and Sale Agreement dated June 22, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Camino Property
6.180*	Purchase and Sale Agreement dated June 6, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Cumberland Property
6.180.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Cumberland dated June 7, 2022 for Series Cumberland Property
6.180.2*	Addendum to Purchase and Sale Agreement dated June 6, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Cumberland Property
6.181*	Purchase and Sale Agreement dated June 17, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Inglewood Property
6.181.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Inglewood dated June 21, 2022 for Series Inglewood Property
6.181.2*	Addendum to Purchase and Sale Agreement dated June 16, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Inglewood Property
6.181.3*	Counteroffer to Offer dated June 18, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Inglewood Property

37

6.182*	Purchase and Sale Agreement dated June 17, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Reginald Property
6.182.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Reginald dated June 21, 2022 for Series Reginald Property
6.182.2*	Addendum to Purchase and Sale Agreement dated June 16, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Reginald Property
6.183*	Purchase and Sale Agreement dated June 11, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Richardson Property
6.183.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Richardson dated June 16, 2022 for Series Richardson Property
6.183.2*	Addendum to Purchase and Sale Agreement dated June 16, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Richardson Property
6.183.3*	Counteroffer to Offer dated June 18, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Richardson Property
6.184*	Purchase and Sale Agreement dated June 16, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Wellington Property
6.184.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Wellington dated June 21, 2022 for Series Wellington Property
6.184.2*	Addendum to Purchase and Sale Agreement dated June 17, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Wellington Property
6.185*	Purchase and Sale Agreement dated June 16, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Winston Property
6.185.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Winston dated June 21, 2022 for Series Winston Property
6.185.2*	Addendum to Purchase and Sale Agreement dated June 17, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Winston Property
6.186*	Purchase and Sale Agreement dated June 11, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Aster Property
6.186.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Aster dated June 28, 2022 for Series Aster Property
6.187*	Purchase and Sale Agreement dated May 11, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Jill Property
6.188*	Purchase and Sale Agreement dated June 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Marcelo Property
6.188.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Marcelo dated June 28, 2022 for Series Marcelo Property
6.189*	Purchase and Sale Agreement dated December 23, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Marietta Property
6.189.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Marietta dated June 28, 2022 for Series Marietta Property
6.190*	Purchase and Sale Agreement dated June 3, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Quincy Property
6.190.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Quincy dated June 5, 2022 for Series Quincy Property
6.191*	Purchase and Sale Agreement dated June 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Taylor Property

38

6.191.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Taylor dated June 28, 2022 for Series Taylor Property
6.191.2*	Addendum to Purchase and Sale Agreement dated June 14, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Taylor Property
6.192*	Purchase and Sale Agreement dated June 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Chester Property
6.192.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Chester dated June 21, 2022 for Series Chester Property
6.192.2*	Addendum to Purchase and Sale Agreement dated June 16, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Chester Property
6.193*	Purchase and Sale Agreement dated June 18, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Creekwood Property
6.193.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Creekwood dated June 23, 2022 for Series Creekwood Property
6.193.2*	Addendum to Purchase and Sale Agreement dated June 14, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Creekwood Property
6.194*	Purchase and Sale Agreement dated June 20, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Cypress Property
6.194.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Cypress dated June 22, 2022 for Series Cypress Property
6.195*	Purchase and Sale Agreement dated June 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Harrison Property
6.195.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Harrison dated June 22, 2022 for Series Harrison Property
6.195.2*	Addendum to Purchase and Sale Agreement dated June 14, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Harrison Property
6.196*	Purchase and Sale Agreement dated June 3, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Kessler Property
6.196.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Kessler dated June 16, 2022 for Series Kessler Property
6.197*	Purchase and Sale Agreement dated March 3, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Mae Property
6.197.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Mae dated June 20, 2022 for Series Mae Property
6.198*	Purchase and Sale Agreement dated June 17, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Piedmont Property
6.198.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Piedmont dated June 22, 2022 for Series Piedmont Property
6.199*	Purchase and Sale Agreement dated June 10, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Shallowford Property
6.199.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Shallowford dated June 23, 2022 for Series Shallowford Property
6.199.2*	Addendum to Purchase and Sale Agreement dated June 18, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Shallowford Property
6.200*	Purchase and Sale Agreement dated March 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Eagle Property

39

6.200.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Eagle dated March 29, 2021 for Series Eagle Property
6.200.2*	Counteroffer to Offer dated March 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Eagle Property
6.201*	Purchase and Sale Agreement dated March 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Goose Property
6.201.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Goose dated March 29, 2021 for Series Goose Property
6.201.2*	Counteroffer to Offer dated March 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Goose Property
6.202*	Purchase and Sale Agreement dated March 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Falcon Property
6.202.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Falcon dated March 29, 2021 for Series Falcon Property
6.202.2*	Counteroffer to Offer dated March 29, 2021 between Arrived Holdings, Inc./Assignee and Seller for Series Falcon Property
6.203*	Purchase and Sale Agreement dated May 26, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Hansel Property
6.203.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Hanseel dated July 20, 2022 for Series Hansel Property
6.204*	Purchase and Sale Agreement dated May 26, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Gretal Property
6.204.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Gretal dated July 20, 2022 for Series Gretal Property
6.204.2*	Addendum to Purchase and Sale Agreement dated September 7, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Gretal Property
6.205*	Purchase and Sale Agreement dated September 2, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Mimosa Property
6.205.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Mimosa dated September 2, 2022 for Series Mimosa Property
6.205.2*	Addendum to Purchase and Sale Agreement dated September 2, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Mimosa Property
6.206*	Purchase and Sale Agreement dated September 16, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Redondo Property
6.206.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Redondo dated September 19, 2022 for Series Redondo Property
6.207*	Purchase and Sale Agreement dated September 15, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Sundance Property
6.207.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Sundance dated September 19, 2022 for Series Sundance Property
6.208*	Purchase and Sale Agreement  dated October 21, 2022 between Arrived Holdings,Inc./Assignee and Seller for Series Brainerd Property
6.208.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Brainerd dated  October 24, 2022 for Series Brainerd Property.
6.208.2*	Counteroffer to Offer dated October 22, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Brainerd Property.

40

6.208.3*	Counteroffer to Offer dated October 22, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Brainerd Property
6.209*	Purchase and Sale Agreement  dated October  19, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Brooklyn Property
6.209.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Brooklyn dated October24,2022 for Series Brooklyn Property
6.209.2*	Addendum to Purchase and Sale Agreement dated October 19, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Brooklyn Property
6.210*	Purchase and Sale Agreement  dated October 24,2022 between Arrived Holdings, Inc./Assignee and Seller for Series Chickamauga Property
6.210.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Chickamauga dated October24, 2022 for Series Chickamauga Property
6.210.2*	Addendum to Purchase and Sale Agreement Agreement dated October 21, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Chickamauga Property
6.211*	Purchase and Sale Agreement  dated October 21, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Litton Property
6.211.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Litton dated October24, 2022 for Series Litton Property
6.212*	Purchase and Sale Agreement  dated October 21, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Sequoyah Property
6.213*	Purchase and Sale Agreement dated November 8, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Lurleen Property
6.213.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Lurleen dated December 1, 2022 for Series Lurleen Property
6.214*	Purchase and Sale Agreement dated November 28, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Regency Property
6.214.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Regency dated December 1, 2022 for Series Regency Property
6.215*	Purchase and Sale Agreement dated November 17, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Dops Property
6.215.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Dops dated November 29,2022 for Series Dops Property
6.215.1*	Addendum to Purchase and Sale Agreement Agreement dated November 22, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Dops Property
6.216*	Purchase and Sale Agreement dated November 3, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Korin Property
6.216.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Korin dated November 8, 2022 for Series Korin Property
6.217*	Purchase and Sale Agreement dated November 18, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Sunnyside Property
6.217.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Sunnyside dated November 29, 2022 for Series Sunnyside Property
6.218*	Purchase and Sale Agreement dated April 11, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Brennan Property
6.218.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Brennan dated April 8, 2022 for Series Brennan Property
6.219*	Purchase and Sale Agreement dated January 6, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Ella Property
6.219.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Ella dated January 10, 2023 for Series Ella Property

41

6.219.2*	Counteroffer to Offer dated January 8, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Ella Property
6.220*	Purchase and Sale Agreement dated December 9, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Hansard Property
6.220.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Hansard dated November 29, 2022 for Series Hansard Property
6.221*	Purchase and Sale Agreement dated December 9, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Jefferson Property
6.221.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Jefferson dated December 9, 2022 for Series Jefferson Property
6.222*	Purchase and Sale Agreement dated December 9, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Marie Property
6.222.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Marie dated December 9, 2022 for Series Marie Property
6.223*	Purchase and Sale Agreement dated December 8, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Sajni Property
6.223.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Sajni dated December 15, 2022 for Series Sajni Property
6.223.2*	Counteroffer to Offer dated December 8, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Sajni Property
6.224*	Purchase and Sale Agreement dated November 17, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Salinas Property
6.224.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Salinas dated November 29, 2022 for Series Salinas Property
6.224.2*	Counteroffer to Offer dated October 22, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Salinas Property
6.225*	Purchase and Sale Agreement dated November 17, 2022 between Arrived Holdings, Inc./Assignee and Seller for Series Tuscarora Property
6.225.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Tuscarora dated November 29, 2022 for Series Tuscarora Property
6.226*	Purchase and Sale Agreement dated April 23,202 between Arrived Holdings, Inc./Assignee and Seller for Series Avondale Property
6.226.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Avondale dated May 3,2023 for Series Avondale Property
6.226.2*	Addendum to Purchase and Sale Agreement Agreement dated April 23, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Avondale Property
6.227*	Purchase and Sale Agreement dated April 23,202 between Arrived Holdings, Inc./Assignee and Seller for Series Belvedere Property
6.227.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Belvedere dated April 21,2023 for Series Belvedere Property
6.228*	Purchase and Sale Agreement dated December 6,2022 between Arrived Holdings, Inc./Assignee and Seller for Series Cove Property
6.228.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Cove dated December 8,2022 for Series Cove Property
6.229*	[Reserved.]
6.229.1*	[Reserved.]
6.230*	Purchase and Sale Agreement dated April 13,202 between Arrived Holdings, Inc./Assignee and Seller for Series Martell Property
6.230.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Martell dated April 27,2023 for Series Martell Property
6.230.2*	Counteroffer to Offer dated April 14, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Martell Property

42

6.231*	Purchase and Sale Agreement dated April 29, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Fenwick Property
6.231.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Fenwick dated May 8,2023 for Series Fenwick Property
6.231.2*	Addendum to Purchase and Sale Agreement Agreement dated May 5, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Fenwick Property
6.232*	Purchase and Sale Agreement dated April 21, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Longwoods Property
6.232.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Longwoods dated May 5,2023 for Series Longwoods Property
6.232.2*	Counteroffer to Offer dated April 26, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Longwoods Property
6.233*	Purchase and Sale Agreement dated April 29, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Louis Property
6.233.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Louis dated May 8,2023 for Series Louis Property
6.234*	Purchase and Sale Agreement dated April 27, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Mycroft Property
6.234.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Mycroft dated April 13,2023 for Series Mycroft Property
6.235*	Purchase and Sale Agreement dated April 27, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Osceola Property
6.235.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Osceola dated May 4,2023 for Series Osceola Property
6.235.2*	Addendum to Purchase and Sale Agreement Agreement dated April 27, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Osceola Property
6.236*	Purchase and Sale Agreement dated May 4, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Sims Property
6.236.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Sims dated May 17,2023 for Series Sims Property
6.236.2*	Addendum to Purchase and Sale Agreement Agreement dated May 1, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Sims Property
6.236.3*	Counteroffer to Offer dated April 26, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Sims Property
6.237*	Purchase and Sale Agreement dated May 9, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Augusta Property
6.237.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Augusta dated May 11,2023 for Series Augusta Property
6.238*	Purchase and Sale Agreement dated April 28, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Bella Property
6.238.18	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Bella dated May 15,2023 for Series Bella Property
6.239*	Purchase and Sale Agreement dated May 10, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Cawley Property
6.239.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Cawley dated May 24,2023 for Series Cawley Property
6.240*	Purchase and Sale Agreement dated May 19, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Foster Property
6.240.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Foster dated May 30,2023 for Series Foster Property
6.241*	Purchase and Sale Agreement dated May 10, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Franklin Property

43

6.241.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Franklin dated May 30,2023 for Series Franklin Property
6.241.2*	Counteroffer to Offer dated May 10, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Franklin Property
6.242*	Purchase and Sale Agreement dated May 10, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series General Property
6.242.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series General dated May 30,2023 for Series General Property
6.243*	Purchase and Sale Agreement dated May 10, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Marion Property
6.243.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Marion dated May 22,2023 for Series Marion Property
6.243.2*	Counteroffer to Offer dated April 14, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Marion Property
6.244*	Purchase and Sale Agreement dated April 13, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Marple Property
6.244.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Marple dated April 27,2023 for Series Marple Property
6.245*	Purchase and Sale Agreement dated April 13, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Mary Property
6.245.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Mary dated May 22,2023 for Series Mary Property
6.246*	Purchase and Sale Agreement dated May 4, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Onyx Property
6.246.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Onyx dated May 22,2023 for Series Onyx Property
6.247*	Purchase and Sale Agreement dated May 20, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Palmer Property
6.247.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Palmer dated May 24,2023 for Series Palmer Property
6.248*	Purchase and Sale Agreement dated May 20, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Porthos Property
6.248.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Porthos dated May 24,2023 for Series Porthos Property
6.248.2*	Addendum to Purchase and Sale Agreement Agreement dated April 26, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Porthos Property
6.248.3*	Counteroffer to Offer dated April 26, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Porthos Property
6.249*	Purchase and Sale Agreement dated May 18, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Simon Property
6.249.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Simon dated May 24,2023 for Series Simon Property
6.250*	Purchase and Sale Agreement dated May 18, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Theodore Property
6.250.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Theodore dated May 24,2023 for Series Theodore Property
6.251*	Purchase and Sale Agreement dated April 7, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Bergenia Property
6.251.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Bergenia dated July 5, 2023 for Series Bergenia Property
6.252*	Purchase and Sale Agreement dated May 5, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Chinook Property

44

6.252.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Chinook dated May 23, 2023 for Series Chinook Property
6.252.2*	Addendum to Purchase and Sale Agreement Agreement dated May 2, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Chinook Property
6.252.3*	Counteroffer to Offer dated May 5, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Chinook Property
6.253*	Purchase and Sale Agreement dated May 5, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Ellen Property
6.253.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Ellen dated May 24, 2023 for Series Ellen Property
6.253.2*	Addendum to Purchase and Sale Agreement Agreement dated May 2, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Ellen Property
6.254*	Purchase and Sale Agreement dated May 8, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Felix Property
6.254.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Felix dated May 24, 2023 for Series Felix Property
6.255*	Purchase and Sale Agreement dated May 4, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Oscar Property
6.255.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Oscar dated May 24, 2023 for Series Oscar Property
6.256*	Purchase and Sale Agreement dated March 30, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Abernant Property
6.256.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Abernant dated July 24, 2023 for Series Abernant Property
6.257*	Purchase and Sale Agreement dated June 19, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Alvin Property
6.257.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Alvin dated July 25, 2023 for Series Alvin Property
6.258*	Purchase and Sale Agreement dated June 19, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Ballinger Property
6.258.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Ballinger dated July 25, 2023 for Series Ballinger Property
6.259*	Purchase and Sale Agreement dated March 29, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Briarwood Property
6.259.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Briarwood dated July 5, 2023 for Series Briarwood Property
6.260*	Purchase and Sale Agreement dated April18, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Calvin Property
6.260.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Calvin dated July 20, 2023 for Series Calvin Property
6.260.2*	Addendum to Purchase and Sale Agreement Agreement dated April 17, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Calvin Property
6.261*	Purchase and Sale Agreement dated June 19, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Eastwood Property
6.261.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Eastwood dated July 25], 2023 for Series Eastwood Property
6.262*	Purchase and Sale Agreement dated April 13, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Fletcher Property
6.262.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Fletcher dated July 5, 2023 for Series Fletcher Property
6.263*	Purchase and Sale Agreement dated April 18, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Hargrave Property

45

6.263.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Hargrave dated July 20, 2023 for Series Hargrave Property
6.263.2*	Addendum to Purchase and Sale Agreement Agreement dated April 17, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Hargrave Property
6.264*	Purchase and Sale Agreement dated April 18, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Hobbes Property
6.264.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Hobbes dated July 20, 2023 for Series Hobbes Property
6.264.2*	Addendum to Purchase and Sale Agreement Agreement dated April 17, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Hobbes Property
6.265*	Purchase and Sale Agreement dated April 13, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Irene Property
6.265.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Irene dated July 5, 2023 for Series Irene Property
6.266*	Purchase and Sale Agreement dated March 27, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Peterson Property
6.266.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Peterson dated July 24, 2023 for Series Peterson Property
6.267*	Purchase and Sale Agreement dated May 9, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Richmond Property
6.267.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Richmond dated July 20, 2023 for Series Richmond Property
6.268*	Purchase and Sale Agreement dated May 18, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Winchester Property
6.268.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Winchester dated July 5, 2023 for Series Winchester Property
6.268.2*	Addendum to Purchase and Sale Agreement Agreement dated April 17, 2023 between Arrived Holdings, Inc./Assignee and Seller for Series Winchester Property
8.1*	Form of Escrow Agreement dated [*], 202[*], by and among North Capital Private Securities Corporation, Arrived Holdings, Inc. and Arrived Homes Series [*] LLC, a series of Arrived Homes, LLC (incorporated by reference to Exhibit 8.1 to the Form 1-A filed on January 12, 2021)

* Previously Filed

46

SIGNATURES

Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

ARRIVED HOMES, LLC
By:	Arrived Holdings, Inc., its managing member
By:	/s/ Ryan Frazier
	Name:	Ryan Frazier
	Title:	Chief Executive Officer

Pursuant to the requirements of Regulation A, this report has been signed below by the following persons on behalf of the issuer and in the capacities and on the dates indicated.

SIGNATURE		TITLE	DATE
/s/ Ryan Frazier		Chief Executive Officer of Arrived Holdings, Inc.	November 16, 2023
Ryan Frazier		(principal executive officer) Chief Executive Officer and Director of Arrived Homes, LLC
/s/ Joel Mezistrano		Principal Financial and	November 16, 2023
Joel Mezistrano		Accounting Officer of Arrived Holdings, Inc. Principal Financial and Accounting Officer of Arrived Homes, LLC
Arrived Holdings, Inc.		Managing Member	November 16, 2023
By:	/s/ Ryan Frazier
Name:	Ryan Frazier
Title:	Chief Executive Officer

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