United States

Securities And Exchange Commission 

Washington, D.C. 20549

FORM 1-SA

SEMIANNUAL REPORT PURSUANT TO REGULATION A

For the fiscal period ended

June 30, 2024

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

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

TABLE OF CONTENTS

ITEM 1. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION	1
ITEM 2. OTHER INFORMATION	23
ITEM 3. FINANCIAL STATEMENTS	F-1
ITEM 4. EXHIBITS	24

i

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

The information contained in this Semiannual Report on Form 1-SA (this “Form 1-SA”) 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 Homes 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 Form 1-SA 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 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 detailed under the headings “Summary – Summary Risk Factors” and “Risk Factors” in our Offering Statement on Form 1-A filed by the company with the Securities and Exchange Commission (the “Commission”), as may be amended, and in our subsequent reports and offering statements filed from time to time with the Commission. 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.

Since its formation in July 2020, our company has been engaged primarily in acquiring properties for its series offerings, developing the financial, offering and other materials to facilitate fundraising, and taking the steps necessary to effectuate the series offerings and the management of the associated series properties. As of June 30, 2024, our company has acquired 241 properties.

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.

1

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.

Distributions

In order to qualify as a REIT, a series must distribute annually to investors at least 90% of its REIT taxable income (computed without regard to the dividends paid deduction and excluding net capital gain), and to avoid federal income and excise taxes on retained taxable income and gains it must distribute 100% of such income and gains annually. Our manager may authorize distributions in excess of those required for us to maintain our REIT status and/or avoid such taxes on retained taxable income and gains depending on our financial condition and such other factors as our manager deems relevant.

Our company expects the manager to make distributions of any free cash flow on a monthly or other periodic basis as determined by the manager. However, the manager may change the timing of distributions in its sole discretion. Investors will be required to update their personal information on a regular basis to make sure they receive all allocated distributions. We will utilize a “mobile wallet” feature for payment of distributions (the “Arrived Homes Wallet”). The Arrived Homes Wallet will be used to allow investors to pay for subscriptions, receive distributions and reinvest distributions.

Critical Accounting Policies

Our accounting policies will conform with GAAP. The preparation of financial statements in conformity with GAAP will require us to use judgment in the application of accounting policies, including making estimates and assumptions. These judgments may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. We intend to make these estimates and assumptions in an appropriate manner and in a way that accurately reflects our financial condition. We will continually test and evaluate our estimates and assumptions using our historical knowledge of the business, as well as other factors, to ensure that they are reasonable for reporting purposes. However, actual results may differ from our estimates and assumptions.

We believe our critical accounting policies govern the significant judgments and estimates used in the preparation of our financial statements. Please refer to Note 2, Summary of Significant Accounting Policies, included in the financial statements, for a more thorough discussion of our accounting policies and procedures. 

2

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 months ended June 30, 2024 and 2023 are listed in the table below:

RENTAL REVENUE

Applicable Series	June 30, 2024		June 30, 2023
100	$	17,600	$	21,695
101		18,714		-
Abbington		15,720		17,107
Abernant		7,144		-
Alvin		13,920		-
Amber		10,200		11,370
Apollo		8,465		9,630
Aster		9,420		4,715
Augusta		11,970		-
Avebury		8,450		10,915
Avondale		11,025		-
Badminton		12,890		11,970
Ballinger		9,848		-
Bandelier		12,328		13,170
Baron		14,475		17,370
Basil		9,420		7,475
Bayside		12,815		12,570
Bazzel		10,791		9,075
Bedford		7,727		12,852
Bella		11,670		-
Belle		15,894		13,611
Belvedere		13,770		612
Bergenia		9,720		-
Blossom		8,897		8,575
Bonneau		13,770		13,400
Brainerd		12,870		10,271
Braxton		10,920		10,048
Brennan		8,266		3,625
Briarwood		7,365		-
Brooklyn		7,224		3,244
Burlington		20,446		20,483
Butter		11,618		18,379
Calvin		10,770		-
Camino		9,605		8,775
Campbell		-		-
Cawley		13,170		-
Centennial		12,420		11,370
Chaparral		8,483		10,425
Chelsea		11,620		11,465
Chester		13,320		13,272
Chickamauga		13,920		11,051
Chinook		11,970		-
Chitwood		14,070		14,825
Clover		12,253		12,470
Coatbridge		12,220		6,115
Collier		13,320		11,150
Collinston		6,712		12,421
Conway		14,572		16,686
Cove		1,030		3,245
Creekside		11,520		11,720
Creekwood		10,770		10,960
Cumberland		10,170		10,170
Cupcake		8,830		9,970

3

Applicable Series	June 30, 2024		June 30, 2023
Cypress		14,790		13,927
Daisy		10,170		10,170
Davidson		9,570		8,626
Dawson		10,470		10,073
Delta		4,481		-
Dewberry		9,811		6,625
Diablo		11,520		730
Dogwood		9,020		9,838
Dolittle		14,472		12,800
Dolly		14,223		9,059
Dops		8,275		4,950
Dorchester		13,170		11,707
Dunbar		13,615		2,749
Eagle		10,175		12,120
Eastfair		11,684		10,770
Eastwood		-		-
Elevation		8,030		15
Ella		10,770		5,617
Ellen		14,619		-
Elm		8,535		7,311
Emporia		14,720		6,121
Ensenada		10,023		19,770
Falcon		12,145		14,159
Felix		9,570		-
Fenwick		16,760		698
Fletcher		8,340		-
Folly		13,470		12,569
Forest		12,982		10,841
Foster		14,094		-
Franklin		12,870		-
Gardens		9,040		9,100
General		17,380		-
Goose		11,940		11,850
Grant		14,781		14,392
Greenhill		18,065		14,970
Gretal		14,370		3,940
Grove		9,005		10,224
Hadden		10,300		9,920
Hansard		13,200		10,293
Hansel		8,380		8,312
Hargrave		6,008		-
Harrison		16,920		16,673
Henry		5,873		11,792
Heritage		11,985		11,835
Heron		11,370		12,654
Highland		11,370		10,738
Hines		9,720		9,745
Hobbes		4,200		-
Holcomb		12,570		10,770
Holland		8,525		8,385
Hollandaise		6,603		12,445
Holloway		15,570		14,580
Inglewood		16,238		15,210
Irene		8,370		-
Jack		13,966		15,320

4

Applicable Series	June 30, 2024		June 30, 2023
Jake		17,930		16,475
Jefferson		12,870		5,005
Jill		13,170		11,560
Johnny		16,775		18,924
June		19,920		19,945
Jupiter		6,641		9,020
Kawana		10,170		10,498
Kennesaw		15,741		14,970
Kenny		4,736		15,275
KerriAnn		6,585		14,528
Kessler		8,088		9,570
Kingsley		13,570		14,478
Kirkwood		9,570		9,570
Korin		11,970		10,104
Lallie		12,828		15,040
Lanier		12,134		13,622
Lannister		5,990		9,799
Latte		13,190		13,385
Lennox		10,675		10,170
Lierly		9,883		9,333
Lily		14,370		15,410
Limestone		7,019		11,529
Litton		12,954		11,078
Longwoods		11,970		-
Lookout		9,600		13,602
Loretta		19,595		17,658
Louis		11,370		-
Louise		12,515		9,876
Lovejoy		11,820		9,975
Luna		7,543		10,500
Lurleen		10,220		8,528
Madison		11,093		1,899
Mae		12,570		10,765
Magnolia		10,772		9,675
Malbec		13,770		8,930
Mammoth		3,501		16,985
Marcelo		10,320		8,040
Marie		14,970		9,395
Marietta		10,931		9,475
Marion		11,070		-
Marple		6,975		-
Martell		8,493		-
Mary		12,570		-
Matchingham		12,824		11,392
McGregor		10,188		11,370
McLovin		18,570		18,320
Meadow		10,880		9,200
Mimosa		8,620		9,893
Mojave		12,215		9,664

5

Applicable Series	June 30, 2024		June 30, 2023
Murphy		9,450		13,770
Mycroft		8,520		-
Nugget		16,970		17,120
Odessa		17,670		13,975
Olive		11,405		11,924
Oly		14,084		11,515
Onyx		14,040		-
Oscar		6,272		-
Osceola		10,170		-
Osprey		14,070		13,770
Otoro		4,497		-
Palmer		9,412		-
Patrick		7,980		9,600
Peanut		7,930		4,605
Pearl		16,320		6,780
Pecan		8,875		6,474
Peterson		9,570		-
Piedmont		13,770		13,770
Pinot		14,814		13,860
Pioneer		13,080		18,442
Plumtree		8,325		11,479
Point		3,910		15,192
Porthos		13,770		-
Quincy		17,230		12,014
Redondo		13,470		12,746
Regency		13,710		12,094
Reginald		16,874		16,216
Reynolds		14,970		14,970
Ribbonwalk		12,690		6,110
Richardson		10,620		8,400
Richmond		16,170		-
Ridge		10,565		10,769
Ritter		11,643		8,098
River		14,465		12,245
Riverwalk		10,870		11,975
Rooney		11,826		12,570
Roseberry		14,370		11,965
Rosewood		9,800		9,971
Roxy		11,970		11,970
Saddlebred		15,145		11,975
Saint		13,045		10,325
Sajni		15,120		8,454
Salem		14,528		11,130
Salinas		10,320		6,941
Saturn		8,720		7,820
Scepter		11,038		10,075
Sequoyah		2,608		5,848
Shallowford		9,480		13,501
Shoreline		13,490		16,965
Sigma		13,686		13,815
Simon		12,570		-
Sims		11,070		-
Soapstone		12,525		9,900

6

Applicable Series	June 30, 2024		June 30, 2023
Sodalis		10,650		8,368
Spencer		13,519		11,615
Splash		9,450		8,125
Spring		10,170		10,170
Stonebriar		8,370		6,975
Sugar		12,300		10,770
Summerset		11,615		10,880
Sundance		13,470		10,239
Sunnyside		8,348		12,303
Swift		13,532		13,770
Taylor		9,780		6,637
Terracotta		8,380		9,510
Theodore		10,100		-
Tulip		13,420		(73	)
Tuscan		11,475		11,600
Tuscarora		14,520		7,260
Tuxford		7,868		11,370
Vernon		11,478		11,370
Walton		11,220		5,492
Wave		6,336		-
Weldon		8,625		8,670
Wellington		14,369		14,370
Wentworth		10,830		8,389
Wescott		9,720		10,770
Westchester		14,895		15,845
Wildwood		10,320		13,047
Willow		10,569		10,520
Wilson		13,320		13,345
Winchester		11,370		-
Windsor		13,970		23,750
Winston		10,770		7,911
Wisteria		11,808		11,000
	$	2,762,017	$	2,182,209

7

Operating Expenses

The Company incurred the following operating expenses during the six months ended June 30, 2024 and 2023. 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.

During the six months ended June 30, 2024 and 2023, at the close of the respective offerings, each individual series became responsible for its own operating expenses. The following table summarizes the total operating expenses by series as of June 30, 2024 and 2023:

OPERATIONAL EXPENSES

	June 30, 2024							June 30, 2023
Applicable Series	Operating expenses		Depreciation		Total expenses		Series Name	Operating expenses		Depreciation		Total expenses
100	$	13,210	$	8,445	$	21,655	100	$	13,968	$	2,815	$	16,783
101		12,604		8,719		21,323	101		9,068		8,719		17,787
Abbington		10,091		7,247		17,338	Abbington		10,336		6,578		16,913
Abernant		7,863		3,124		10,987	Amber		11,842		4,208		16,049
Alvin		8,165		4,368		12,532	Apollo		5,396		2,691		8,087
Amber		6,412		4,208		10,619	Aster		13,514		3,510		17,024
Apollo		4,538		2,691		7,230	Augusta		1,262		-		1,262
Aster		4,887		3,504		8,391	Avebury		8,093		3,995		12,088
Augusta		5,102		4,075		9,177	Avondale		3,975		-		3,975
Avebury		5,063		3,995		9,058	Badminton		9,307		3,505		12,812
Avondale		8,281		4,523		12,805	Bandelier		4,231		4,170		8,401
Badminton		8,223		4,230		12,453	Baron		9,378		8,229		17,606
Ballinger		10,158		4,108		14,265	Basil		4,280		2,784		7,065
Bandelier		5,326		4,134		9,459	Bayside		11,727		3,525		15,252
Baron		9,990		8,003		17,993	Bazzel		4,725		3,763		8,489
Basil		2,882		2,784		5,667	Bedford		4,911		3,847		8,758
Bayside		8,956		3,525		12,481	Bella		985		-		985
Bazzel		7,913		3,763		11,676	Belle		16,947		6,042		22,989
Bedford		11,276		3,847		15,124	Belvedere		8,641		-		8,641
Bella		9,013		4,206		13,219	Bergenia		159		-		159
Belle		10,492		6,042		16,534	Blossom		5,974		3,495		9,469
Belvedere		6,170		4,051		10,221	Bonneau		10,816		5,137		15,953
Bergenia		2,738		4,977		7,715	Brainerd		9,596		3,998		13,594
Blossom		8,490		3,495		11,985	Braxton		9,710		4,458		14,169
Bonneau		7,598		5,137		12,735	Brennan		6,370		3,115		9,484
Brainerd		5,437		3,998		9,435	Brooklyn		10,675		2,802		13,477
Braxton		9,643		4,452		14,094	Burlington		10,577		8,916		19,493
Brennan		17,008		3,115		20,123	Butter		10,635		5,190		15,824
Briarwood		5,397		2,866		8,264	Camino		4,463		3,644		8,107
Brooklyn		3,083		2,907		5,991	Campbell		8,442		1,422		9,863
Burlington		11,964		8,916		20,880	Cawley		3,881		-		3,881
Butter		15,746		5,190		20,936	Centennial		4,872		3,917		8,789
Calvin		6,409		3,245		9,655	Chaparral		2,496		2,700		5,195
Camino		4,982		3,644		8,626	Chelsea		3,322		4,234		7,555
Cawley		6,245		4,312		10,557	Chester		8,233		5,944		14,177
Centennial		4,780		3,917		8,697	Chickamauga		12,082		5,129		17,211
Chaparral		5,344		2,700		8,043	Chinook		1,102		-		1,102
Chelsea		4,669		4,234		8,903	Chitwood		7,876		5,255		13,131
Chester		7,602		5,095		12,697	Clover		7,419		4,397		11,816
Chickamauga		6,868		5,129		11,997	Coatbridge		11,478		3,730		15,208
Chinook		6,972		4,952		11,924	Collier		9,764		4,879		14,642
Chitwood		7,291		5,255		12,546	Collinston		13,883		2,906		16,788
Clover		14,204		4,397		18,601	Conway		11,928		9,454		21,382
Coatbridge		11,204		4,526		15,730	Cove		5,187		963		6,150
Collier		8,276		4,879		13,155	Creekside		6,707		4,260		10,967
Collinston		11,630		2,906		14,535	Creekwood		6,734		3,975		10,709
Conway		14,979		9,438		24,416	Cumberland		5,024		4,059		9,083
Cove		5,726		2,890		8,616	Cupcake		4,436		3,275		7,711
Creekside		4,929		4,269		9,199	Cypress		11,047		5,011		16,058
Creekwood		4,579		3,972		8,550	Daisy		6,681		4,138		10,819
Cumberland		5,722		4,059		9,781	Davidson		5,178		2,909		8,088
Cupcake		4,426		3,275		7,701	Dawson		7,807		3,617		11,425

8

	June 30, 2024							June 30, 2023
Applicable Series	Operating expenses		Depreciation		Total expenses		Series Name	Operating expenses		Depreciation		Total expenses
Cypress		11,260		5,013		16,272	Delta		18,059		4,749		22,808
Daisy		4,182		4,138		8,320	Dewberry		5,729		2,613		8,342
Davidson		3,976		2,909		6,885	Diablo		8,065		2,380		10,445
Dawson		11,402		3,617		15,019	Dogwood		6,808		3,320		10,128
Delta		18,214		4,966		23,181	Dolittle		10,111		4,221		14,333
Dewberry		7,658		2,613		10,271	Dolly		12,923		9,477		22,400
Diablo		7,094		3,571		10,665	Dops		7,951		2,341		10,292
Dogwood		5,411		3,311		8,723	Dorchester		13,435		4,727		18,162
Dolittle		9,478		4,222		13,700	Dunbar		11,546		4,430		15,976
Dolly		15,802		9,475		25,278	Eagle		4,801		3,707		8,508
Dops		4,828		2,809		7,636	Eastfair		4,919		2,956		7,875
Dorchester		8,076		4,727		12,803	Elevation		8,383		3,657		12,039
Dunbar		10,053		5,811		15,865	Ella		14,179		2,391		16,570
Eagle		3,788		3,946		7,734	Ellen		557		-		557
Eastfair		10,209		2,956		13,165	Elm		6,586		2,300		8,886
Eastwood		7,518		4,378		11,896	Emporia		8,444		4,918		13,363
Elevation		12,138		5,056		17,194	Ensenada		9,581		6,666		16,247
Ella		5,794		3,587		9,381	Falcon		5,497		3,723		9,220
Ellen		4,271		3,404		7,674	Felix		841		-		841
Elm		6,265		2,300		8,565	Fenwick		3,003		-		3,003
Emporia		7,584		4,833		12,417	Folly		19,375		5,126		24,502
Ensenada		14,081		6,666		20,747	Forest		8,735		4,823		13,558
Falcon		3,945		3,953		7,899	Foster		1,275		-		1,275
Felix		3,305		4,101		7,406	Franklin		1,371		-		1,371
Fenwick		6,388		4,120		10,508	Gardens		3,141		3,031		6,173
Fletcher		3,560		2,412		5,972	General		780		-		780
Folly		7,766		5,126		12,893	Goose		4,434		3,455		7,888
Forest		13,416		6,070		19,486	Grant		7,504		4,451		11,955
Foster		5,366		4,307		9,673	Greenhill		8,947		4,444		13,391
Franklin		9,802		4,623		14,425	Gretal		9,654		6,213		15,867
Gardens		5,395		3,586		8,981	Grove		3,498		4,401		7,899
General		9,002		4,342		13,345	Hadden		3,038		2,981		6,019
Goose		4,901		3,678		8,579	Hansard		11,646		3,475		15,121
Grant		7,168		4,451		11,619	Hansel		10,945		5,564		16,509
Greenhill		10,897		4,484		15,381	Harrison		8,034		6,278		14,313
Gretal		8,131		6,206		14,337	Henry		8,494		5,912		14,406
Grove		5,780		4,401		10,182	Heritage		5,913		4,506		10,419
Hadden		7,125		3,027		10,152	Heron		5,172		4,474		9,646
Hansard		6,162		4,170		10,331	Highland		6,280		3,942		10,222
Hansel		7,921		5,564		13,484	Hines		6,430		3,510		9,940
Hargrave		10,858		3,212		14,070	Holcomb		5,948		4,880		10,828
Harrison		8,563		6,296		14,859	Holland		5,958		2,909		8,867
Henry		24,161		5,912		30,073	Hollandaise		8,065		5,028		13,093
Heritage		7,519		4,506		12,025	Holloway		8,500		4,672		13,171
Heron		9,097		4,474		13,570	Inglewood		10,176		9,377		19,554
Highland		5,115		3,942		9,057	Jack		12,263		6,377		18,640
Hines		5,932		4,405		10,337	Jake		10,286		8,093		18,379
Hobbes		8,745		3,216		11,961	Jefferson		8,973		3,148		12,121
Holcomb		6,976		4,877		11,853	Jill		7,424		5,461		12,885
Holland		4,829		2,909		7,738	Johnny		9,344		8,049		17,393
Hollandaise		20,171		5,028		25,199	June		9,335		8,049		17,384
Holloway		9,638		4,672		14,310	Jupiter		6,562		2,906		9,468
Inglewood		13,731		9,361		23,091	Kawana		3,877		3,786		7,663

9

	June 30, 2024							June 30, 2023
Applicable Series	Operating expenses		Depreciation		Total expenses		Series Name	Operating expenses		Depreciation		Total expenses
Irene		2,545		2,412		4,957	Kennesaw		6,967		5,836		12,804
Jack		6,165		6,377		12,542	Kenny		11,693		9,477		21,170
Jake		11,162		8,093		19,255	KerriAnn		7,444		4,686		12,130
Jefferson		4,839		3,777		8,616	Kessler		6,300		4,111		10,411
Jill		6,396		5,492		11,888	Kingsley		9,812		4,290		14,103
Johnny		11,442		8,047		19,489	Kirkwood		5,161		3,592		8,753
June		11,776		8,047		19,823	Korin		10,059		3,823		13,882
Jupiter		5,442		2,906		8,348	Lallie		18,563		5,115		23,678
Kawana		5,213		3,786		8,999	Lanier		6,121		5,194		11,314
Kennesaw		11,674		5,836		17,510	Lannister		4,907		3,027		7,933
Kenny		13,638		9,475		23,114	Latte		6,937		5,011		11,948
KerriAnn		13,501		4,686		18,187	Lennox		7,514		2,978		10,491
Kessler		6,563		4,106		10,669	Lierly		2,804		2,932		5,736
Kingsley		12,112		4,290		16,402	Lily		7,247		7,493		14,739
Kirkwood		5,274		3,592		8,866	Limestone		7,164		4,023		11,187
Korin		5,019		3,823		8,842	Litton		8,945		4,413		13,358
Lallie		13,685		6,202		19,887	Longwoods		1,546		-		1,546
Lanier		11,783		5,706		17,489	Lookout		8,768		4,741		13,509
Lannister		3,922		3,027		6,948	Loretta		13,778		9,445		23,224
Latte		7,559		5,011		12,570	Louis		2,018		-		2,018
Lennox		6,950		2,978		9,928	Louise		4,334		3,789		8,123
Lierly		6,067		2,932		8,999	Lovejoy		7,624		4,096		11,720
Lily		7,946		7,493		15,439	Luna		5,790		2,956		8,746
Limestone		19,434		4,023		23,457	Lurleen		6,271		4,240		10,511
Litton		5,626		4,413		10,039	Madison		8,565		2,828		11,392
Longwoods		9,351		3,702		13,053	Mae		6,474		4,864		11,338
Lookout		7,499		4,741		12,241	Magnolia		3,676		4,154		7,830
Loretta		12,219		9,431		21,650	Malbec		7,496		4,388		11,884
Louis		4,254		3,701		7,954	Mammoth		7,873		4,686		12,559
Louise		11,965		3,789		15,754	Marcelo		8,382		3,911		12,293
Lovejoy		7,412		4,044		11,456	Marie		10,871		3,664		14,535
Luna		8,820		2,956		11,776	Marietta		4,787		4,131		8,918
Lurleen		5,475		2,141		7,616	Marion		1,749		-		1,749
Madison		5,668		2,828		8,496	Marple		3,957		-		3,957
Mae		6,102		4,864		10,966	Martell		9,195		-		9,195
Magnolia		5,882		4,154		10,036	Mary		4,619		-		4,619
Malbec		8,191		4,388		12,579	Matchingham		8,118		2,913		11,031
Mammoth		21,301		4,686		25,986	McGregor		6,536		4,132		10,668
Marcelo		4,575		3,911		8,486	McLovin		14,227		6,219		20,446
Marie		5,503		4,397		9,900	Meadow		7,810		4,410		12,220
Marietta		10,389		4,158		14,546	Mimosa		4,574		2,956		7,530
Marion		9,772		4,427		14,199	Mojave		4,377		3,525		7,902
Marple		3,471		2,412		5,883	Murphy		9,510		4,085		13,595
Martell		12,491		3,572		16,063	Mycroft		3,886		-		3,886
Mary		4,674		3,732		8,406	Nugget		3,715		7,694		11,409
Matchingham		9,763		2,913		12,676	Odessa		14,214		7,332		21,546
McGregor		7,841		4,132		11,973	Olive		11,243		3,689		14,932
McLovin		10,055		6,219		16,274	Oly		8,610		6,265		14,875
Meadow		5,214		4,410		9,624	Onyx		1,410		-		1,410
Mimosa		4,364		2,954		7,318	Oscar		725		-		725
Mojave		4,689		3,525		8,214	Osceola		7,603		-		7,603
Murphy		12,130		4,085		16,215	Osprey		9,766		5,490		15,256
Mycroft		2,964		2,466		5,430	Otoro		20,514		5,243		25,757

10

	June 30, 2024								June 30, 2023
Applicable Series	Operating expenses			Depreciation		Total expenses		Series Name	Operating expenses		Depreciation		Total expenses
Nugget		9,522			7,694		17,216	Palmer		1,327		-		1,327
Odessa		9,126			7,332		16,458	Patrick		1,041		3,096		4,138
Olive		9,503			3,689		13,192	Peanut		4,249		2,964		7,213
Oly		9,707			6,265		15,972	Pearl		10,487		7,498		17,985
Onyx		8,155			6,008		14,164	Pecan		1,238		2,863		4,100
Oscar		(341	)		4,018		3,677	Piedmont		9,568		5,255		14,823
Osceola		7,732			3,850		11,582	Pinot		6,849		4,429		11,279
Osprey		8,268			5,490		13,758	Pioneer		7,544		7,845		15,389
Otoro		18,737			6,084		24,822	Plumtree		1,679		2,768		4,447
Palmer		8,899			4,586		13,485	Point		9,100		5,250		14,350
Patrick		5,837			3,518		9,355	Porthos		1,902		-		1,902
Peanut		3,355			2,964		6,319	Quincy		11,228		7,515		18,742
Pearl		11,767			7,498		19,265	Redondo		17,221		4,309		21,530
Pecan		4,218			2,863		7,081	Regency		7,561		3,161		10,722
Peterson		3,536			3,104		6,640	Reginald		6,915		6,826		13,741
Piedmont		8,804			5,272		14,076	Reynolds		4,846		5,905		10,751
Pinot		8,330			4,429		12,760	Ribbonwalk		6,511		4,395		10,906
Pioneer		10,413			8,117		18,530	Richardson		5,910		4,325		10,235
Plumtree		4,121			2,768		6,888	Ridge		8,181		2,992		11,173
Point		11,504			5,250		16,754	Ritter		18,988		6,932		25,920
Porthos		8,695			4,148		12,843	River		6,124		3,662		9,785
Quincy		10,442			7,515		17,957	Riverwalk		8,077		5,427		13,505
Redondo		6,165			4,308		10,473	Rooney		8,245		4,422		12,667
Regency		7,062			3,793		10,855	Roseberry		1,083		4,513		5,596
Reginald		11,205			6,815		18,020	Rosewood		5,678		3,719		9,397
Reynolds		8,584			5,905		14,489	Roxy		8,158		4,479		12,637
Ribbonwalk		8,300			4,395		12,695	Saddlebred		10,004		7,639		17,643
Richardson		4,278			4,321		8,599	Saint		5,622		3,771		9,393
Richmond		12,638			5,232		17,870	Sajni		17,868		3,457		21,324
Ridge		7,291			2,992		10,282	Salem		6,574		4,387		10,961
Ritter		16,210			6,932		23,143	Salinas		21,840		2,093		23,933
River		6,647			3,662		10,308	Saturn		6,465		2,984		9,449
Riverwalk		11,318			5,427		16,745	Scepter		10,816		3,238		14,053
Rooney		5,583			4,422		10,005	Sequoyah		13,386		3,401		16,786
Roseberry		7,546			4,513		12,059	Shallowford		12,991		4,970		17,961
Rosewood		5,070			3,719		8,789	Shoreline		8,916		4,260		13,176
Roxy		7,173			4,479		11,652	Sigma		8,899		5,327		14,226
Saddlebred		7,721			7,639		15,360	Simon		4,607		-		4,607
Saint		5,174			3,791		8,965	Sims		4,861		-		4,861
Sajni		9,722			5,539		15,261	Soapstone		1,699		3,000		4,699
Salem		9,001			4,387		13,389	Sodalis		6,428		3,980		10,408
Salinas		3,978			4,039		8,017	Spencer		7,557		4,157		11,714
Saturn		3,737			3,632		7,369	Splash		3,007		2,978		5,984
Scepter		5,453			3,238		8,690	Spring		5,200		3,401		8,602
Sequoyah		12,567			3,401		15,968	Stonebriar		7,723		2,787		10,510
Shallowford		8,337			4,958		13,296	Sugar		6,673		4,279		10,952
Shoreline		7,934			4,260		12,194	Summerset		5,155		3,505		8,660
Sigma		8,531			5,240		13,771	Sundance		11,552		5,104		16,657
Simon		4,677			3,976		8,653	Sunnyside		7,006		2,533		9,539
Sims		5,927			3,749		9,676	Swift		5,452		5,287		10,739

11

	June 30, 2024							June 30, 2023
Applicable Series	Operating expenses		Depreciation		Total expenses		Series Name	Operating expenses		Depreciation		Total expenses
Soapstone		4,673		3,000		7,673	Taylor		3,446		3,680		7,126
Sodalis		8,531		3,980		12,511	Terracotta		9,481		3,787		13,268
Spencer		7,741		4,157		11,898	Theodore		1,828		-		1,828
Splash		4,826		2,978		7,804	Tulip		6,118		4,363		10,481
Spring		11,221		3,401		14,622	Tuscan		2,365		4,439		6,804
Stonebriar		6,430		2,787		9,217	Tuscarora		13,078		3,826		16,904
Sugar		8,703		4,279		12,982	Tuxford		9,848		3,601		13,449
Summerset		6,440		5,058		11,497	Vernon		7,776		6,031		13,807
Sundance		7,233		5,102		12,336	Walton		16,348		4,123		20,471
Sunnyside		5,069		3,039		8,108	Wave		7,763		4,569		12,332
Swift		7,550		5,287		12,837	Weldon		5,502		2,906		8,407
Taylor		9,653		3,689		13,342	Wellington		8,811		6,139		14,950
Terracotta		6,502		3,787		10,289	Wentworth		4,787		3,417		8,204
Theodore		5,269		3,947		9,216	Wescott		7,658		3,765		11,423
Tulip		5,582		4,363		9,945	Westchester		12,854		4,687		17,541
Tuscan		7,303		4,439		11,742	Wildwood		5,480		3,031		8,512
Tuscarora		6,172		4,591		10,763	Willow		6,596		4,025		10,620
Tuxford		12,197		3,601		15,798	Wilson		7,999		5,861		13,860
Vernon		8,916		3,619		12,535	Windsor		3,859		4,809		8,668
Walton		3,601		4,123		7,724	Winston		6,034		4,519		10,553
Wave		24,413		4,596		29,009	Wisteria		3,630		4,076		7,706
Weldon		4,431		2,906		7,337			-		-		-
Wellington		8,591		6,241		14,832		$	1,723,452	$	901,791	$	2,625,243
Wentworth		4,603		3,417		8,020
Wescott		13,972		3,765		17,737
Westchester		13,729		4,687		18,416
Wildwood		5,415		3,031		8,446
Willow		3,933		4,020		7,954
Wilson		7,512		5,861		13,373
Winchester		6,640		4,209		10,849
Windsor		8,808		4,809		13,617
Winston		5,090		4,519		9,609
Wisteria		7,494		4,867		12,361
	$	1,955,178	$	1,088,121	$	3,043,299

12

Other Income (Expenses)

As of June 30, 2024 and 2023, each certain incurred interest expenses, including mortgage interest and amortization of loan fees. Other income includes lease break fees, other recording fees refunded by closing agent, and insurance proceed claims. The following table summarizes the total of such expenses incurred by each series for the six months ended June 30, 2024 and 2023.

OTHER EXPENSES			OTHER EXPENSES
Applicable Series	June 30, 2024		Applicable Series	June 30, 2023
100	$	-	100	$	-
101		-	101		-
Abbington		-	Abbington		-
Abernant		-	Amber		3,929
Alvin		-	Apollo		5,817
Amber		3,929	Aster		4,223
Apollo		3,897	Augusta		-
Aster		4,416	Avebury		3,971
Augusta		-	Avondale		-
Avebury		3,971	Badminton		4,070
Avondale		-	Bandelier		4,789
Badminton		4,070	Baron		(10	)
Ballinger		-	Basil		2,228
Bandelier		4,789	Bayside		3,873
Baron		-	Bazzel		-
Basil		3,078	Bedford		3,835
Bayside		3,873	Bella		-
Bazzel		-	Belle		-
Bedford		3,785	Belvedere		-
Bella		-	Bergenia		-
Belle		-	Blossom		-
Belvedere		-	Bonneau		-
Bergenia		-	Brainerd		4,737
Blossom		-	Braxton		493
Bonneau		-	Brennan		4,495
Brainerd		5,396	Brooklyn		2,694
Braxton		-	Burlington		(43	)
Brennan		4,495	Butter		5,130
Briarwood		-	Camino		-
Brooklyn		3,089	Campbell		31,381
Burlington		-	Cawley		-
Butter		5,129	Centennial		4,438
Calvin		-	Chaparral		2,154
Camino		-	Chelsea		4,215
Cawley		-	Chester		6,161
Centennial		4,438	Chickamauga		(8	)
Chaparral		2,200	Chinook		-
Chelsea		4,215	Chitwood		-
Chester		6,422	Clover		-
Chickamauga		-	Coatbridge		4,778
Chinook		-	Collier		-
Chitwood		-	Collinston		2,674
Clover		-	Conway		493
Coatbridge		4,100	Cove		(2	)
Collier		-	Creekside		-
Collinston		2,674	Creekwood		4,795
Conway		-	Cumberland		-
Cove		-	Cupcake		2,814
Creekside		-	Cypress		6,045

13

OTHER EXPENSES			OTHER EXPENSES
Applicable Series	June 30, 2024		Applicable Series	June 30, 2023
Creekwood		5,008	Daisy		-
Cumberland		-	Davidson		2,879
Cupcake		2,981	Dawson		3,419
Cypress		6,253	Delta		4,435
Daisy		-	Dewberry		2,836
Davidson		2,879	Diablo		4,067
Dawson		3,419	Dogwood		-
Delta		4,435	Dolittle		4,060
Dewberry		2,836	Dolly		-
Diablo		4,067	Dops		-
Dogwood		-	Dorchester		-
Dolittle		4,060	Dunbar		(15	)
Dolly		-	Eagle		4,529
Dops		-	Eastfair		3,506
Dorchester		-	Elevation		4,240
Dunbar		-	Ella		4,024
Eagle		4,529	Ellen		-
Eastfair		3,505	Elm		1,887
Eastwood		-	Emporia		4,790
Elevation		4,017	Ensenada		7,656
Ella		-	Falcon		4,529
Ellen		-	Felix		-
Elm		2,506	Fenwick		-
Emporia		4,790	Folly		-
Ensenada		7,656	Forest		5,302
Falcon		4,529	Foster		-
Felix		-	Franklin		-
Fenwick		-	Gardens		3,271
Fletcher		-	General		-
Folly		-	Goose		4,220
Forest		5,302	Grant		5,063
Foster		-	Greenhill		4,454
Franklin		-	Gretal		(25	)
Gardens		3,271	Grove		3,773
General		-	Hadden		2,811
Goose		4,220	Hansard		-
Grant		5,063	Hansel		6,771
Greenhill		4,454	Harrison		7,619
Gretal		-	Henry		-
Grove		3,773	Heritage		4,859
Hadden		2,811	Heron		7,195
Hansard		-	Highland		-
Hansel		6,771	Hines		(15	)
Hargrave		-	Holcomb		-
Harrison		7,931	Holland		2,879
Henry		-	Hollandaise		4,303
Heritage		4,859	Holloway		5,160
Heron		4,809	Inglewood		458
Highland		-	Jack		6,384
Hines		-	Jake		-
Hobbes		-	Jefferson		-
Holcomb		-	Jill		6,644
Holland		2,879	Johnny		15,288
Hollandaise		4,995	June		15,288
Holloway		5,160	Jupiter		3,262
Inglewood		-	Kawana		3,766

14

OTHER EXPENSES			OTHER EXPENSES
Applicable Series	June 30, 2024		Applicable Series	June 30, 2023
Irene		-	Kennesaw		-
Jack		6,384	Kenny		-
Jake		-	KerriAnn		4,655
Jefferson		-	Kessler		6,385
Jill		6,947	Kingsley		5,020
Johnny		-	Kirkwood		4,358
June		-	Korin		-
Jupiter		3,262	Lallie		5,614
Kawana		3,766	Lanier		6,313
Kennesaw		-	Lannister		3,588
Kenny		-	Latte		-
KerriAnn		4,655	Lennox		3,267
Kessler		4,423	Lierly		2,645
Kingsley		5,020	Lily		6,087
Kirkwood		4,358	Limestone		4,533
Korin		-	Litton		5,145
Lallie		5,614	Longwoods		-
Lanier		6,313	Lookout		-
Lannister		3,588	Loretta		(15	)
Latte		-	Louis		-
Lennox		3,267	Louise		4,017
Lierly		2,762	Lovejoy		2,854
Lily		6,087	Luna		3,506
Limestone		3,971	Lurleen		4,159
Litton		5,952	Madison		4,038
Longwoods		-	Mae		-
Lookout		-	Magnolia		4,993
Loretta		-	Malbec		4,891
Louis		-	Mammoth		5,695
Louise		4,017	Marcelo		-
Lovejoy		4,012	Marie		-
Luna		3,506	Marietta		5,039
Lurleen		4,761	Marion		-
Madison		3,122	Marple		-
Mae		-	Martell		-
Magnolia		4,993	Mary		-
Malbec		4,891	Matchingham		2,867
Mammoth		5,695	McGregor		-
Marcelo		-	McLovin		7,174
Marie		-	Meadow		4,203
Marietta		5,260	Mimosa		3,954
Marion		-	Mojave		3,731
Marple		-	Murphy		4,054
Martell		-	Mycroft		-
Mary		-	Nugget		(10	)
Matchingham		2,867	Odessa		7,315
McGregor		-	Olive		2,950
McLovin		7,179	Oly		7,147
Meadow		4,203	Onyx		-
Mimosa		4,423	Oscar		-
Mojave		3,240	Osceola		-
Murphy		4,053	Osprey		-
Mycroft		-	Otoro		5,363
Nugget		-	Palmer		-

15

OTHER EXPENSES			OTHER EXPENSES
Applicable Series	June 30, 2024		Applicable Series	June 30, 2023
Odessa		7,315	Patrick		2,139
Olive		2,950	Peanut		4,911
Oly		7,191	Pearl		(10	)
Onyx		-	Pecan		2,228
Oscar		-	Piedmont		6,377
Osceola		-	Pinot		4,945
Osprey		-	Pioneer		-
Otoro		5,363	Plumtree		2,243
Palmer		-	Point		6,405
Patrick		2,235	Porthos		-
Peanut		3,522	Quincy		4,225
Pearl		-	Redondo		5,742
Pecan		2,329	Regency		5,150
Peterson		-	Reginald		493
Piedmont		6,645	Reynolds		-
Pinot		4,941	Ribbonwalk		4,380
Pioneer		-	Richardson		-
Plumtree		2,342	Ridge		3,680
Point		6,405	Ritter		-
Porthos		-	River		4,017
Quincy		-	Riverwalk		-
Redondo		6,480	Rooney		5,591
Regency		5,951	Roseberry		4,924
Reginald		-	Rosewood		4,525
Reynolds		-	Roxy		5,252
Ribbonwalk		4,380	Saddlebred		6,496
Richardson		-	Saint		4,146
Richmond		-	Sajni		-
Ridge		3,283	Salem		4,983
Ritter		-	Salinas		-
River		4,017	Saturn		3,262
Riverwalk		-	Scepter		3,698
Rooney		5,063	Sequoyah		4,030
Roseberry		4,924	Shallowford		5,988
Rosewood		4,525	Shoreline		4,948
Roxy		5,277	Sigma		5,268
Saddlebred		6,496	Simon		-
Saint		4,146	Sims		-
Sajni		-	Soapstone		2,561
Salem		4,983	Sodalis		-
Salinas		-	Spencer		4,554
Saturn		3,262	Splash		2,366
Scepter		3,698	Spring		-
Sequoyah		4,613	Stonebriar		3,221
Shallowford		6,251	Sugar		5,354
Shoreline		4,877	Summerset		3,873
Sigma		5,268	Sundance		5,742
Simon		-	Sunnyside		-
Sims		-	Swift		-

16

OTHER EXPENSES			OTHER EXPENSES
Applicable Series	June 30, 2024		Applicable Series	June 30, 2023
Soapstone		2,704	Taylor		3,095
Sodalis		-	Terracotta		4,353
Spencer		4,554	Theodore		-
Splash		2,637	Tulip		5,310
Spring		-	Tuscan		3,503
Stonebriar		3,221	Tuscarora		-
Sugar		4,706	Tuxford		3,493
Summerset		3,873	Vernon		3,558
Sundance		6,480	Walton		10,173
Sunnyside		-	Wave		4,380
Swift		-	Weldon		2,674
Taylor		3,987	Wellington		-
Terracotta		4,353	Wentworth		3,129
Theodore		-	Wescott		4,125
Tulip		5,310	Westchester		5,055
Tuscan		3,839	Wildwood		3,044
Tuscarora		-	Willow		-
Tuxford		3,493	Wilson		-
Vernon		3,557	Windsor		5,311
Walton		-	Winston		-
Wave		4,380	Wisteria		4,966
Weldon		2,674			-
Wellington		-		$	659,153
Wentworth		3,125
Wescott		4,145
Westchester		4,645
Wildwood		3,074
Willow		-
Wilson		-
Winchester		-
Windsor		5,311
Winston		-
Wisteria		4,966
	$	578,090

17

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.

Cash and Cash Equivalent Balances

Cash is held at the series level. The following table summarizes the cash and cash equivalents by series as of June 30, 2024 and 2023:

Cash and Cash Equivalents

Applicable Series	June 30, 2024		June 30, 2023
100	$	20,703	$	26,693
101		20,723		12,708
Abbington		9,185		7,354
Abernant		16,001		-
Alvin		28,452		-
Amber		4,992		5,007
Apollo		908		808
Aster		6,584		1,708
Augusta		25,698		-
Avebury		2,123		2,628
Avondale		15,764		25,496
Badminton		4,793		10,875
Ballinger		15,295		-
Bandelier		19,035		13,904
Baron		19,609		20,361
Basil		6,417		7,951
Bayside		3,918		10,147
Bazzel		13,445		14,795
Bedford		9,531		17,309
Bella		5,134		-
Belle		12,741		2,530
Belvedere		-		24,045
Bergenia		19,700		-
Blossom		14,309		24,967
Bonneau		1,646		5,016
Brainerd		18,592		7,819
Braxton		9,058		13,396
Brennan		1,909		14,230
Briarwood		17,835		-
Brooklyn		4,537		5,411
Burlington		9,899		4,397
Butter		2,032		6,000
Calvin		22,838		-
Camino		17,055		17,466
Campbell		-		-
Cawley		22,655		-
Centennial		10,962		11,429
Chaparral		14,136		16,968
Chelsea		10,843		4,062
Chester		15,608		4,231
Chickamauga		19,762		20,668
Chinook		4,760		-
Chitwood		16,610		10,157
Clover		1,549		19,229
Coatbridge		4,263		5,521
Collier		448		9,444
Collinston		1,725		756
Conway		11,536		11,638
Cove		4,412		15,120
Creekside		15,939		18,709
Creekwood		13,633		1,100
Cumberland		19,099		19,960
Cupcake		14,523		10,862

18

Applicable Series	June 30, 2024		June 30, 2023
Cypress		4,268		1,386
Daisy		14,944		16,872
Davidson		5,581		5,026
Dawson		2,881		617
Delta		1,328		329
Dewberry		4,629		2,978
Diablo		6,556		756
Dogwood		13,283		15,041
Dolittle		508		6,330
Dolly		5,931		7,860
Dops		9,006		13,501
Dorchester		2,532		7,606
Dunbar		14,609		365
Duncan		-		-
Eagle		20,805		5,781
Eastfair		3,549		13,456
Eastwood		15,245		-
Elevation		2,061		1,974
Ella		6,994		12,355
Ellen		24,230		-
Elm		2,563		3,735
Emporia		4,297		1,479
Ensenada		10,697		20,290
Falcon		17,280		8,994
Felix		10,729		-
Fenwick		19,938		-
Fletcher		18,220		-
Folly		16,282		10,150
Forest		3,387		333
Foster		28,430		-
Franklin		13,068		-
Gardens		2,542		6,315
General		12,941		-
Goose		14,339		11,055
Grant		9,655		10,542
Greenhill		3,654		8,502
Gretal		18,240		19,662
Grove		3,720		1,394
Hadden		6,809		9,814
Hansard		20,615		17,297
Hansel		7,813		14,596
Hargrave		17,392		-
Harrison		19,360		4,033
Henry		455		10,141
Heritage		19,502		3,953
Heron		1,099		813
Highland		4,233		3,442
Hines		2,993		10,999
Hobbes		16,261		-
Holcomb		17,374		12,491
Holland		2,501		2,399
Hollandaise		2,926		3,850
Holloway		7,337		9,342
Inglewood		8,005		3,215

19

Applicable Series	June 30, 2024		June 30, 2023
Irene		19,965		-
Jack		4,202		5,552
Jake		10,949		19,700
Jefferson		18,399		13,357
Jill		11,613		4,399
Johnny		42,500		24,853
June		31,022		11,519
Jupiter		1,809		5,976
Kawana		12,409		775
Kennesaw		16,109		10,151
Kenny		8,376		13,986
KerriAnn		741		12,084
Kessler		3,532		2,932
Kingsley		5,351		9,380
Kirkwood		493		2,050
Korin		19,720		18,288
Lallie		4,604		2,013
Lanier		5,838		13,178
Lannister		2,817		839
Latte		15,000		17,506
Lennox		4,980		11,801
Lierly		17,807		18,985
Lily		10,076		37,478
Limestone		1,996		10,059
Litton		23,688		8,852
Longwoods		16,523		-
Lookout		8,233		5,073
Loretta		11,318		11,582
Louis		22,815		-
Louise		3,036		9,318
Lovejoy		3,866		3,100
Luna		4,022		11,216
Lurleen		4,445		7,369
Madison		5,143		5,709
Mae		10,695		25,752
Magnolia		21,450		301
Malbec		8,540		14,839
Mammoth		858		8,233
Marcelo		11,473		15,067
Marie		22,989		16,827
Marietta		4,533		5
Marion		1,584		-
Marple		15,930		17,312
Martell		1,704		22,498
Mary		18,349		-
Matchingham		6,183		13,673
McGregor		6,131		7,246
McLovin		2,381		8,118
Meadow		8,762		3,774
Mimosa		8,848		4,549
Mojave		3,204		7,116
Murphy		3,655		15,304
Mycroft		16,142		17,402

20

Applicable Series	June 30, 2024		June 30, 2023
Nugget		9,267		11,154
Odessa		5,678		3,699
Olive		3,723		3,937
Oly		7,885		14,856
Onyx		6,619		7
Oscar		7,263		-
Osceola		7,054		-
Osprey		12,737		14,934
Otoro		1,253		1,752
Palmer		11,280		-
Patrick		7,225		6,064
Peanut		7,204		3,865
Pearl		5,602		22,990
Pecan		17,193		16,212
Peterson		21,133		-
Piedmont		14,919		3,072
Pinot		11,005		16,081
Pioneer		6,382		16,858
Plumtree		18,527		23,069
Point		1,303		12,530
Porthos		19,433		-
Quincy		17,681		23,128
Redondo		7,915		3,004
Regency		19,727		10,552
Reginald		15,668		8,148
Reynolds		22,451		9,220
Ribbonwalk		11,672		5,220
Richardson		17,795		17,738
Richmond		28,039		-
Ridge		2,945		9,501
Ritter		6,811		7,308
River		5,682		14,261
Riverwalk		14,667		12,390
Rooney		9,748		3,228
Roseberry		2,519		5,894
Rosewood		764		237
Roxy		6,970		2,814
Saddlebred		13,484		18,105
Saint		14,086		21,570
Sajni		268		3,092
Salem		6,133		10,638
Salinas		8,913		8,523
Saturn		8,775		5,365
Scepter		2,173		3,460
Sequoyah		-		2,086
Shallowford		-		3,422
Shoreline		1,468		6,640
Sigma		371		10,998
Simon		2,600		-
Sims		937		13,243
Soapstone		1,152		16,354
Sodalis		1,846		4,595

21

Applicable Series	June 30, 2024		June 30, 2023
Spencer		1,436		7,580
Splash		1,467		12,509
Spring		2,089		11,512
Stonebriar		10,239		855
Sugar		2,090		11,694
Summerset		4,249		5,152
Sundance		6,006		7,151
Sunnyside		20,260		18,290
Swift		18,822		7,291
Taylor		2,997		2,444
Terracotta		5,197		8,687
Theodore		17,640		-
Tulip		5,858		1,104
Tuscan		22,889		10,405
Tuscarora		15,247		22,101
Tuxford		6,048		3,577
Vernon		4,413		3,630
Walton		12,810		1,763
Wave		312		1,504
Weldon		3,845		8,964
Wellington		13,910		13,430
Wentworth		13,265		8,775
Wescott		2,101		4,768
Westchester		6,964		12,663
Wildwood		8,846		6,319
Willow		14,430		4,530
Wilson		13,564		19,230
Winchester		10,088		-
Windsor		5,776		15,982
Winston		17,689		18,351
Wisteria		6,623		16,388
	$	2,406,441	$	2,029,499

22

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

None.

23

ITEM 3. FINANCIAL STATEMENTS

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING FINANCIAL STATEMENTS

AS OF AND FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2023

CONSOLIDATED AND CONSOLIDATING BALANCE SHEET AS OF JUNE 30, 2024 (UNAUDITED)	F-2
CONSOLIDATED AND CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2023 (AUDITED)	F-42
CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) FOR THE SIX MONTHS ENDED JUNE 30, 2024 (UNAUDITED)	F-83
CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) FOR THE SIX MONTHS ENDED JUNE 30, 2023 (UNAUDITED)	F-123
CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY (DEFICIT) FOR THE SIX MONTHS ENDED JUNE 30, 2023 (UNAUDITED)	F-162
CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN MEMBERS’ EQUITY (DEFICIT) FOR THE SIX MONTHS ENDED JUNE 30, 2024 (UNAUDITED)	F-202
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2024 (UNAUDITED)	F-240
CONSOLIDATED STATEMENT OF CASH FLOWS FOR SIX MONTHS ENDED JUNE 30, 2023 (UNAUDITED)	F-280
NOTES TO CONSOLIDATED AND CONSOLIDATING FINANCIAL STATEMENTS	F-318

F-1

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	100			101			Abbington			Abernant			Alvin			Amber
ASSETS
Current assets:
Cash	$	20,703		$	20,723		$	9,185		$	16,001		$	28,452		$	4,992
Other receivables		-			-			-			-			-			-
Prepaid expenses		-			-			233			212			254			1,838
Due from (to) third party property managers		1,503			3,042			-			1,781			-			1,210
Due from related parties		-			-			-			-			-			-
Total current assets		22,206			23,765			9,417			17,994			28,706			8,040
Property and equipment, net	$	584,108		$	604,504		$	461,409		$	224,400		$	313,743		$	284,541
Deposits	$	-		$	3,095		$	2,845		$	1,745		$	2,545		$	1,950
Total assets	$	606,315		$	631,364		$	473,672		$	244,139		$	344,994		$	294,531
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	8,492		$	10,449		$	5,352		$	3,989		$	5,294		$	2,531
Due to third party property managers		-			-			2,111			-			977			-
Due to (from) related parties		16,287			47,586			12,153			2,036			2,924			10,158
Total Current liabilities		24,780			58,035			19,615			6,025			9,195			12,689
Tenant deposits		-			3,095			2,845			1,745			2,545			1,950
Mortgage payable, net		-			-			-			-			-			198,781
Total Liabilities		24,780			61,130			22,460			7,770			11,740			213,419
Members’ equity (deficit)
Members’ capital		584,173			640,751			476,936			248,180			337,151			114,101
Retained earnings (accumulated deficit)		(2,637	)		(70,517	)		(25,724	)		(11,812	)		(3,896	)		(32,989	)
Total members’ equity (deficit)		581,535			570,234			451,211			236,369			333,255			81,111
Total liabilities and members’ equity (deficit)	$	606,315		$	631,364		$	473,672		$	244,139		$	344,994		$	294,531

F-2

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Apollo			Aster			Augusta			Avebury			Avondale			Badminton
ASSETS
Current assets:
Cash	$	908		$	6,584		$	25,698		$	2,123		$	15,764		$	4,793
Other receivables		-			-			-			-			-			-
Prepaid expenses		2,223			1,435			509			1,848			-			1,261
Due from (to) third party property managers		2,558			951			1,895			1,903			204			2,794
Due from related parties		-			-			-			-			-			-
Total current assets		5,689			8,970			28,101			5,873			15,968			8,848
Property and equipment, net	$	186,606		$	243,980		$	290,698		$	275,000		$	322,660		$	241,781
Deposits	$	-		$	2,245		$	1,995		$	-		$	-		$	2,195
Total assets	$	192,295		$	255,195		$	320,794		$	280,873		$	338,628		$	252,825
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	1,477		$	1,541		$	4,748		$	1,736		$	3,126		$	1,833
Due to third party property managers		-			-			-			-			-			-
Due to (from) related parties		2,171			12,162			3,329			3,202			4,023			20,072
Total Current liabilities		3,648			13,703			8,076			4,938			7,149			21,905
Tenant deposits		-			2,245			1,995			-			-			2,195
Mortgage payable, net		133,262			124,393			-			200,904			-			171,964
Total Liabilities		136,910			140,340			10,071			205,842			7,149			196,064
Members’ equity (deficit)
Members’ capital		71,575			150,003			315,641			96,479			346,554			80,774
Retained earnings (accumulated deficit)		(16,191	)		(35,149	)		(4,918	)		(21,448	)		(15,074	)		(24,013	)
Total members’ equity (deficit)		55,385			114,855			310,722			75,030			331,479			56,761
Total liabilities and members’ equity (deficit)	$	192,295		$	255,195		$	320,794		$	280,873		$	338,628		$	252,825

F-3

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Ballinger			Bandelier			Baron			Basil			Bayside			Bazzel
ASSETS
Current assets:
Cash	$	15,295		$	19,035		$	19,609		$	6,417		$	3,918		$	13,445
Other receivables		-			-			-			-			-			-
Prepaid expenses		-			2,852			-			1,467			3,689			943
Due from (to) third party property managers		2,223			857			-			2,807			2,701			2,480
Due from related parties		-			-			-			-			-			-
Total current assets		17,518			22,743			19,609			10,691			10,308			16,868
Property and equipment, net	$	297,113		$	327,776		$	550,708		$	187,057		$	237,051		$	254,923
Deposits	$	2,320		$	-		$	2,895		$	1,595		$	2,619		$	1,845
Total assets	$	316,951		$	350,520		$	573,213		$	199,343		$	249,978		$	273,636
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	4,419		$	1,406		$	4,364		$	1,642		$	2,086		$	4,247
Due to third party property managers		-			-			1,127			-			-			-
Due to (from) related parties		3,351			4,844			17,547			11,837			10,878			36,489
Total Current liabilities		7,770			6,250			23,038			13,479			12,964			40,736
Tenant deposits		2,320			-			2,895			1,595			2,619			1,845
Mortgage payable, net		-			242,573			-			129,771			163,583			-
Total Liabilities		10,090			248,823			25,933			144,845			179,166			42,581
Members’ equity (deficit)
Members’ capital		318,787			120,476			561,317			66,622			88,710			254,690
Retained earnings (accumulated deficit)		(11,926	)		(18,779	)		(14,037	)		(12,125	)		(17,899	)		(23,635	)
Total members’ equity (deficit)		306,861			101,697			547,280			54,498			70,811			231,055
Total liabilities and members’ equity (deficit)	$	316,951		$	350,520		$	573,213		$	199,343		$	249,978		$	273,636

F-4

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Bedford			Bella			Belle			Belvedere			Bergenia			Blossom
ASSETS
Current assets:
Cash	$	9,531		$	5,134		$	12,741		$	-		$	19,700		$	14,309
Other receivables		-			-			-			-			-			-
Prepaid expenses		2,026			492			799			-			-			208
Due from (to) third party property managers		-			1,607			2,815			3,938			1,526			247
Due from related parties		-			-			-			16,710			-			-
Total current assets		11,558			7,233			16,355			20,649			21,226			14,765
Property and equipment, net	$	265,466		$	300,728		$	419,923		$	289,002		$	214,015		$	243,491
Deposits	$	-		$	1,945		$	2,649		$	2,295		$	1,845		$	1,745
Total assets	$	277,023		$	309,906		$	438,927		$	311,946		$	237,087		$	260,001
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	1,433		$	3,518		$	4,635		$	4,668		$	3,683		$	5,626
Due to third party property managers		80			-			-			-			-			-
Due to (from) related parties		2,910			4,271			33,134			-			2,812			3,597
Total Current liabilities		4,424			7,789			37,769			4,668			6,495			9,223
Tenant deposits		-			1,945			2,649			2,295			1,845			1,745
Mortgage payable, net		194,544			-			-			-			-			-
Total Liabilities		198,968			9,734			40,418			6,963			8,340			10,968
Members’ equity (deficit)
Members’ capital		90,592			324,905			439,904			305,984			231,027			259,961
Retained earnings (accumulated deficit)		(12,537	)		(24,733	)		(41,396	)		(1,002	)		(2,280	)		(10,927	)
Total members’ equity (deficit)		78,055			300,172			398,508			304,982			228,747			249,034
Total liabilities and members’ equity (deficit)	$	277,023		$	309,906		$	438,927		$	311,946		$	237,087		$	260,001

F-5

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Bonneau			Brainerd			Braxton			Brennan			Briarwood			Brooklyn
ASSETS
Current assets:
Cash	$	1,646		$	18,592		$	9,058		$	1,909		$	17,835		$	4,537
Other receivables		-			-			-			-			-			-
Prepaid expenses		267			325			487			2,444			237			227
Due from (to) third party property managers		2,410			2,070			1,875			3,608			1,232			3,144
Due from related parties		-			-			-			-			-			-
Total current assets		4,322			20,986			11,420			7,961			19,304			7,907
Property and equipment, net	$	324,234		$	280,410		$	309,394		$	215,440		$	205,895		$	164,306
Deposits	$	2,295		$	2,595		$	2,045		$	1,545		$	1,995		$	1,249
Total assets	$	330,851		$	303,991		$	322,858		$	224,947		$	227,194		$	173,462
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	6,753		$	5,155		$	4,076		$	1,528		$	4,011		$	3,364
Due to third party property managers		-			-			-			-			-			-
Due to (from) related parties		4,658			3,458			14,858			33,736			2,228			14,057
Total Current liabilities		11,412			8,612			18,934			35,264			6,239			17,420
Tenant deposits		2,295			2,595			2,045			1,545			1,995			1,249
Mortgage payable, net		-			142,523			-			153,882			-			81,582
Total Liabilities		13,707			153,730			20,979			190,691			8,234			100,252
Members’ equity (deficit)
Members’ capital		336,108			159,487			320,704			86,314			230,760			98,506
Retained earnings (accumulated deficit)		(18,964	)		(9,226	)		(18,825	)		(52,058	)		(11,800	)		(25,296	)
Total members’ equity (deficit)		317,144			150,261			301,879			34,256			218,960			73,211
Total liabilities and members’ equity (deficit)	$	330,851		$	303,991		$	322,858		$	224,947		$	227,194		$	173,462

F-6

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Burlington			Butter			Calvin			Camino		Cawley			Centennial
ASSETS
Current assets:
Cash	$	9,899		$	2,032		$	22,838		$	17,055	$	22,655		$	10,962
Other receivables		-			-			-			-		-			-
Prepaid expenses		1,428			3,030			199			3		545			-
Due from (to) third party property managers		2,923			5,374			2,162			1,815		1,590			936
Due from related parties		-			-			-			-		-			-
Total current assets		14,249			10,436			25,199			18,872		24,789			11,898
Property and equipment, net	$	618,168		$	353,746		$	232,591		$	253,275	$	308,298		$	263,173
Deposits	$	3,395		$	2,795		$	1,795		$	1,994	$	2,195		$	2,495
Total assets	$	635,812		$	366,976		$	259,585		$	274,142	$	335,282		$	277,566
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	6,074		$	2,463		$	3,179		$	6,119	$	5,118		$	2,032
Due to third party property managers		-			-			-			-		-			-
Due to (from) related parties		19,394			19,423			3,186			3,724		3,748			4,539
Total Current liabilities		25,467			21,886			6,365			9,843		8,867			6,572
Tenant deposits		3,395			2,795			1,795			1,994		2,195			2,495
Mortgage payable, net		-			259,941			-			-		-			187,622
Total Liabilities		28,862			284,621			8,160			11,836		11,062			196,689
Members’ equity (deficit)
Members’ capital		620,508			118,817			256,058			261,073		326,162			96,228
Retained earnings (accumulated deficit)		(13,558	)		(36,462	)		(4,633	)		1,232		(1,941	)		(15,352	)
Total members’ equity (deficit)		606,950			82,355			251,426			262,305		324,221			80,877
Total liabilities and members’ equity (deficit)	$	635,812		$	366,976		$	259,585		$	274,142	$	335,282		$	277,566

F-7

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Chaparral			Chelsea			Chester			Chickamauga		Chinook			Chitwood
ASSETS
Current assets:
Cash	$	14,136		$	10,843		$	15,608		$	19,762	$	4,760		$	16,610
Other receivables		-			-			-			-		-			-
Prepaid expenses		29			2,977			2,236			597		624			17
Due from (to) third party property managers		-			3,335			2,197			2,212		2,178			2,044
Due from related parties		-			-			-			-		-			-
Total current assets		14,166			17,155			20,040			22,571		7,561			18,672
Property and equipment, net	$	178,813		$	291,429		$	354,534		$	359,786	$	305,502		$	365,230
Deposits	$	1,695		$	1,895		$	-		$	3,693	$	1,995		$	2,795
Total assets	$	194,674		$	310,479		$	374,574		$	386,049	$	315,058		$	386,697
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	6,536		$	3,277		$	1,644		$	5,112	$	4,687		$	9,102
Due to third party property managers		191			-			-			-		-			-
Due to (from) related parties		5,093			3,817			4,403			4,788		3,183			5,447
Total Current liabilities		11,821			7,094			6,046			9,900		7,870			14,549
Tenant deposits		1,695			1,895			-			3,693		1,995			2,795
Mortgage payable, net		103,270			213,309			181,791			-		-			-
Total Liabilities		116,787			222,298			187,837			13,592		9,865			17,344
Members’ equity (deficit)
Members’ capital		79,165			102,915			211,418			372,265		323,170			376,124
Retained earnings (accumulated deficit)		(1,278	)		(14,734	)		(24,681	)		192		(17,977	)		(6,771	)
Total members’ equity (deficit)		77,887			88,181			186,737			372,457		305,193			369,353
Total liabilities and members’ equity (deficit)	$	194,674		$	310,479		$	374,574		$	386,049	$	315,058		$	386,697

F-8

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Clover			Coatbridge			Collier			Collinston			Conway			Cove
ASSETS
Current assets:
Cash	$	1,549		$	4,263		$	448		$	1,725		$	11,536		$	4,412
Other receivables		-			-			-			-			-			-
Prepaid expenses		214			2,076			27			1,095			630			219
Due from (to) third party property managers		4,962			707			2,288			6,426			3,060			4,137
Due from related parties		-			-			-			-			-			-
Total current assets		6,724			7,046			2,764			9,245			15,226			8,768
Property and equipment, net	$	315,600		$	257,522		$	339,067		$	196,326		$	655,722		$	205,190
Deposits	$	1,995		$	3,143		$	2,445		$	1,545		$	3,645		$	1,595
Total assets	$	324,319		$	267,711		$	344,276		$	207,116		$	674,593		$	215,553
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	3,678		$	1,440		$	4,728		$	1,155		$	7,291		$	2,436
Due to third party property managers		-			-			-			-			-			-
Due to (from) related parties		8,445			27,874			8,893			26,424			28,688			1,609
Total Current liabilities		12,123			29,314			13,621			27,578			35,979			4,045
Tenant deposits		1,995			3,143			2,445			1,545			3,645			1,595
Mortgage payable, net		-			173,246			-			134,889			-			-
Total Liabilities		14,118			205,702			16,066			164,012			39,624			5,640
Members’ equity (deficit)
Members’ capital		320,971			98,684			342,205			83,540			681,206			220,661
Retained earnings (accumulated deficit)		(10,770	)		(36,675	)		(13,995	)		(40,436	)		(46,238	)		(10,749	)
Total members’ equity (deficit)		310,201			62,009			328,210			43,104			634,968			209,912
Total liabilities and members’ equity (deficit)	$	324,319		$	267,711		$	344,276		$	207,116		$	674,593		$	215,553

F-9

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Creekside		Creekwood			Cumberland		Cupcake			Cypress			Daisy
ASSETS
Current assets:
Cash	$	15,939	$	13,633		$	19,099	$	14,523		$	4,268		$	14,944
Other receivables		-		-			-		-			-			-
Prepaid expenses		172		2,785			210		874			6,193			113
Due from (to) third party property managers		2,041		-			1,625		1			2,340			2,272
Due from related parties		-		-			-		-			-			-
Total current assets		18,152		16,418			20,933		15,398			12,801			17,329
Property and equipment, net	$	296,921	$	276,260		$	282,779	$	211,254		$	349,399		$	287,591
Deposits	$	2,395	$	2,695		$	-	$	1,595		$	2,395		$	1,695
Total assets	$	317,469	$	295,373		$	303,712	$	228,248		$	364,595		$	306,615
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	8,891	$	1,617		$	5,915	$	1,833		$	2,952		$	8,830
Due to third party property managers		-		355			-		-			-			-
Due to (from) related parties		4,715		3,213			4,341		4,909			4,392			4,592
Total Current liabilities		13,607		5,185			10,256		6,742			7,344			13,423
Tenant deposits		2,395		2,695			-		1,595			2,395			1,695
Mortgage payable, net		-		141,318			-		150,107			179,144			-
Total Liabilities		16,002		149,198			10,256		158,444			188,882			15,118
Members’ equity (deficit)
Members’ capital		299,070		166,988			293,010		70,111			207,442			294,603
Retained earnings (accumulated deficit)		2,396		(20,812	)		446		(308	)		(31,730	)		(3,106	)
Total members’ equity (deficit)		301,467		146,175			293,456		69,804			175,712			291,497
Total liabilities and members’ equity (deficit)	$	317,469	$	295,373		$	303,712	$	228,248		$	364,595		$	306,615

F-10

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Davidson			Dawson			Delta			Dewberry			Diablo			Dogwood
ASSETS
Current assets:
Cash	$	5,581		$	2,881		$	1,328		$	4,629		$	6,556		$	13,283
Other receivables		-			-			-			-			-			-
Prepaid expenses		2,456			2,571			3,297			777			2,380			333
Due from (to) third party property managers		2,973			2,237			8,590			4,207			3,447			2,895
Due from related parties		-			-			-			-			-			-
Total current assets		11,010			7,689			13,215			9,614			12,384			16,510
Property and equipment, net	$	196,992		$	212,480		$	329,905		$	175,524		$	281,340		$	229,432
Deposits	$	1,595		$	1,745		$	3,443		$	2,393		$	2,145		$	2,243
Total assets	$	209,597		$	221,914		$	346,562		$	187,530		$	295,869		$	248,184
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	1,793		$	1,509		$	1,589		$	1,639		$	3,816		$	3,241
Due to third party property managers		-			-			-			-			-			-
Due to (from) related parties		15,198			25,321			89,344			13,897			31,063			6,144
Total Current liabilities		16,991			26,830			90,932			15,536			34,879			9,385
Tenant deposits		1,595			1,745			3,443			2,393			2,145			2,243
Mortgage payable, net		145,312			144,259			224,546			119,464			205,783			-
Total Liabilities		163,898			172,834			318,921			137,393			242,807			11,628
Members’ equity (deficit)
Members’ capital		71,881			83,381			118,838			69,513			100,421			236,823
Retained earnings (accumulated deficit)		(26,183	)		(34,301	)		(91,197	)		(19,375	)		(47,360	)		(266	)
Total members’ equity (deficit)		45,699			49,080			27,641			50,137			53,062			236,557
Total liabilities and members’ equity (deficit)	$	209,597		$	221,914		$	346,562		$	187,530		$	295,869		$	248,184

F-11

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Dolittle			Dolly			Dops			Dorchester			Dunbar			Eagle
ASSETS
Current assets:
Cash	$	508		$	5,931		$	9,006		$	2,532		$	14,609		$	20,805
Other receivables		-			-			-			-			-			-
Prepaid expenses		2,298			249			170			703			-			2,253
Due from (to) third party property managers		2,367			-			2,397			2,137			-			-
Due from related parties		-			-			-			-			-			-
Total current assets		5,173			6,180			11,573			5,372			14,609			23,057
Property and equipment, net	$	286,465		$	658,507		$	197,772		$	328,520		$	318,879		$	265,092
Deposits	$	3,443		$	3,995		$	2,093		$	2,195		$	2,993		$	1,995
Total assets	$	295,081		$	668,682		$	211,437		$	336,087		$	336,480		$	290,144
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	3,140		$	7,333		$	3,379		$	5,249		$	4,497		$	3,257
Due to third party property managers		-			1,373			-			-			213			2,489
Due to (from) related parties		3,898			7,588			2,387			8,723			52,121			3,662
Total Current liabilities		7,038			16,294			5,766			13,971			56,831			9,408
Tenant deposits		3,443			3,995			2,093			2,195			2,993			1,995
Mortgage payable, net		205,469			-			-			-			-			131,761
Total Liabilities		215,950			20,289			7,859			16,166			59,823			143,164
Members’ equity (deficit)
Members’ capital		99,606			693,693			207,715			346,664			322,376			150,295
Retained earnings (accumulated deficit)		(20,475	)		(45,300	)		(4,137	)		(26,743	)		(45,720	)		(3,315	)
Total members’ equity (deficit)		79,131			648,393			203,579			319,921			276,657			146,980
Total liabilities and members’ equity (deficit)	$	295,081		$	668,682		$	211,437		$	336,087		$	336,480		$	290,144

F-12

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Eastfair			Eastwood			Elevation			Ella			Ellen			Elm
ASSETS
Current assets:
Cash	$	3,549		$	15,245		$	2,061		$	6,994		$	24,230		$	2,563
Other receivables		-			-			-			-			-			-
Prepaid expenses		3,001			245			1,935			193			350			2,557
Due from (to) third party property managers		2,447			-			1,738			1,815			1,792			3,547
Due from related parties		-			-			-			-			-			-
Total current assets		8,996			15,490			5,733			9,002			26,372			8,667
Property and equipment, net	$	198,590		$	314,512		$	257,521		$	253,465		$	243,927		$	153,393
Deposits	$	1,949		$	-		$	1,895		$	1,795		$	2,693		$	1,495
Total assets	$	209,534		$	330,001		$	265,149		$	264,262		$	272,992		$	163,555
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	1,816		$	3,461		$	2,194		$	4,173		$	5,550		$	1,574
Due to third party property managers		-			1,036			-			-			-			-
Due to (from) related parties		18,312			1,199			40,344			3,605			2,738			13,855
Total Current liabilities		20,128			5,696			42,538			7,778			8,288			15,429
Tenant deposits		1,949			-			1,895			1,795			2,693			1,495
Mortgage payable, net		147,981			-			170,412			-			-			105,843
Total Liabilities		170,058			5,696			214,845			9,573			10,981			122,767
Members’ equity (deficit)
Members’ capital		60,968			345,172			101,624			266,881			267,078			61,498
Retained earnings (accumulated deficit)		(21,492	)		(20,866	)		(51,320	)		(12,191	)		(5,067	)		(20,709	)
Total members’ equity (deficit)		39,476			324,306			50,304			254,689			262,011			40,788
Total liabilities and members’ equity (deficit)	$	209,534		$	330,001		$	265,149		$	264,262		$	272,992		$	163,555

F-13

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Emporia			Ensenada			Falcon			Felix			Fenwick			Fletcher
ASSETS
Current assets:
Cash	$	4,297		$	10,697		$	17,280		$	10,729		$	19,938		$	18,220
Other receivables		-			-			-			2,641			-			-
Prepaid expenses		2,546			3,169			2,347			334			518			-
Due from (to) third party property managers		2,474			-			280			1,475			6,215			2,433
Due from related parties		-			-			-			-			-			-
Total current assets		9,316			13,866			19,907			15,179			26,671			20,653
Property and equipment, net	$	331,861		$	525,661		$	265,772		$	249,222		$	293,900		$	172,849
Deposits	$	2,495		$	-		$	1,950		$	2,393		$	-		$	1,395
Total assets	$	343,672		$	539,527		$	287,629		$	266,794		$	320,571		$	194,897
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,367		$	(1,416	)	$	3,891		$	4,031		$	4,649		$	2,958
Due to third party property managers		-			1,687			-			-			-			-
Due to (from) related parties		17,683			9,662			3,444			2,893			3,809			2,055
Total Current liabilities		20,050			9,933			7,335			6,924			8,458			5,013
Tenant deposits		2,495			-			1,950			2,393			-			1,395
Mortgage payable, net		242,621			388,638			131,751			-			-			-
Total Liabilities		265,166			398,571			141,036			9,317			8,458			6,408
Members’ equity (deficit)
Members’ capital		121,552			185,227			149,262			260,710			312,982			193,817
Retained earnings (accumulated deficit)		(43,046	)		(44,271	)		(2,668	)		(3,233	)		(869	)		(5,328	)
Total members’ equity (deficit)		78,506			140,956			146,593			257,477			312,113			188,489
Total liabilities and members’ equity (deficit)	$	343,672		$	539,527		$	287,629		$	266,794		$	320,571		$	194,897

F-14

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Folly			Forest			Foster			Franklin			Gardens			General
ASSETS
Current assets:
Cash	$	16,282		$	3,387		$	28,430		$	13,068		$	2,542		$	12,941
Other receivables		-			-			-			-			-			-
Prepaid expenses		556			3,654			-			523			2,198			467
Due from (to) third party property managers		2,179			14,381			2,314			2,094			2,991			2,017
Due from related parties		-			-			-			-			-			-
Total current assets		19,016			21,422			30,744			15,685			7,731			15,425
Property and equipment, net	$	302,990		$	335,052		$	307,230		$	297,697		$	214,141		$	310,459
Deposits	$	2,695		$	2,445		$	2,349		$	2,595		$	1,595		$	2,495
Total assets	$	324,701		$	358,919		$	340,322		$	315,977		$	223,467		$	328,378
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	4,652		$	1,718		$	4,829		$	7,335		$	1,284		$	4,345
Due to third party property managers		-			-			-			-			-			-
Due to (from) related parties		25,843			60,709			6,414			3,012			13,345			4,315
Total Current liabilities		30,496			62,427			11,243			10,347			14,629			8,660
Tenant deposits		2,695			2,445			2,349			2,595			1,595			2,495
Mortgage payable, net		-			225,289			-			-			134,859			-
Total Liabilities		33,191			290,162			13,592			12,942			151,083			11,155
Members’ equity (deficit)
Members’ capital		313,671			136,376			327,159			319,920			88,792			334,399
Retained earnings (accumulated deficit)		(22,160	)		(67,618	)		(429	)		(16,884	)		(16,408	)		(17,176	)
Total members’ equity (deficit)		291,511			68,758			326,731			303,035			72,384			317,223
Total liabilities and members’ equity (deficit)	$	324,701		$	358,919		$	340,322		$	315,977		$	223,467		$	328,378

F-15

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Goose			Grant			Greenhill			Gretal			Grove			Hadden
ASSETS
Current assets:
Cash	$	14,339		$	9,655		$	3,654		$	18,240		$	3,720		$	6,809
Other receivables		-			-			-			-			-			-
Prepaid expenses		2,365			3,079			2,815			197			1,822			2,191
Due from (to) third party property managers		240			5,433			3,342			2,459			2,457			3,445
Due from related parties		-			-			-			-			-			-
Total current assets		16,944			18,167			9,811			20,896			7,998			12,445
Property and equipment, net	$	247,045		$	350,578		$	307,931		$	433,120		$	222,016		$	207,823
Deposits	$	1,950		$	-		$	3,119		$	2,395		$	1,869		$	1,645
Total assets	$	265,939		$	368,744		$	320,861		$	456,411		$	231,883		$	221,913
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,252		$	2,145		$	2,149		$	5,480		$	1,256		$	2,156
Due to third party property managers		-			-			-			-			-			-
Due to (from) related parties		3,332			5,047			3,686			5,716			11,769			2,800
Total Current liabilities		5,584			7,192			5,834			11,196			13,025			4,955
Tenant deposits		1,950			-			3,119			2,395			1,869			1,645
Mortgage payable, net		122,685			256,547			225,524			-			155,713			141,821
Total Liabilities		130,219			263,739			234,477			13,591			170,608			148,421
Members’ equity (deficit)
Members’ capital		138,907			127,106			101,605			461,117			81,632			82,546
Retained earnings (accumulated deficit)		(3,187	)		(22,100	)		(15,221	)		(18,297	)		(20,357	)		(9,055	)
Total members’ equity (deficit)		135,720			105,006			86,384			442,820			61,275			73,491
Total liabilities and members’ equity (deficit)	$	265,939		$	368,744		$	320,861		$	456,411		$	231,883		$	221,913

F-16

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Hansard		Hansel			Hargrave			Harrison			Henry			Heritage
ASSETS
Current assets:
Cash	$	20,615	$	7,813		$	17,392		$	19,360		$	455		$	19,502
Other receivables		-		-			-			-			-			-
Prepaid expenses		100		3,619			199			2,663			63			3,350
Due from (to) third party property managers		2,155		-			1,472			2,426			-			2,775
Due from related parties		-		-			-			-			-			-
Total current assets		22,871		11,432			19,063			24,449			517			25,628
Property and equipment, net	$	293,222	$	388,522		$	230,167		$	438,181		$	410,855		$	279,722
Deposits	$	2,450	$	-		$	3,190		$	3,045		$	2,395		$	1,995
Total assets	$	318,542	$	399,954		$	252,421		$	465,675		$	413,767		$	307,344
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	4,686	$	1,381		$	2,826		$	5,667		$	7,096		$	1,488
Due to third party property managers		-		124			-			-			2,427			-
Due to (from) related parties		3,828		18,810			3,151			5,766			44,613			32,682
Total Current liabilities		8,515		20,315			5,976			11,432			54,137			34,170
Tenant deposits		2,450		-			3,190			3,045			2,395			1,995
Mortgage payable, net		-		197,498			-			224,962			-			200,892
Total Liabilities		10,965		217,812			9,166			239,439			56,532			237,056
Members’ equity (deficit)
Members’ capital		306,483		227,015			257,242			251,143			420,402			100,507
Retained earnings (accumulated deficit)		1,095		(44,873	)		(13,988	)		(24,907	)		(63,166	)		(30,219	)
Total members’ equity (deficit)		307,578		182,142			243,254			226,235			357,236			70,288
Total liabilities and members’ equity (deficit)	$	318,542	$	399,954		$	252,421		$	465,675		$	413,767		$	307,344

F-17

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Heron			Highland			Hines			Hobbes			Holcomb			Holland
ASSETS
Current assets:
Cash	$	1,099		$	4,233		$	2,993		$	16,261		$	17,374		$	2,501
Other receivables		-			-			-			-			-			-
Prepaid expenses		2,177			-			-			199			-			2,374
Due from (to) third party property managers		2,895			2,820			1,624			1,287			715			2,201
Due from related parties		-			-			-			-			-			-
Total current assets		6,172			7,052			4,617			17,747			18,089			7,075
Property and equipment, net	$	275,939		$	273,970		$	250,520		$	230,468		$	338,142		$	196,507
Deposits	$	2,369		$	2,843		$	1,845		$	2,393		$	2,095		$	2,168
Total assets	$	284,480		$	283,865		$	256,982		$	250,608		$	358,326		$	205,749
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,401		$	4,573		$	3,570		$	4,070		$	5,146		$	1,155
Due to third party property managers		-			-			-			-			-			-
Due to (from) related parties		3,331			3,569			6,611			3,002			9,228			3,345
Total Current liabilities		5,733			8,142			10,181			7,072			14,375			4,500
Tenant deposits		2,369			2,843			1,845			2,393			2,095			2,168
Mortgage payable, net		198,806			-			-			-			-			145,317
Total Liabilities		206,907			10,984			12,026			9,465			16,470			151,984
Members’ equity (deficit)
Members’ capital		99,250			277,269			253,716			257,651			353,342			83,291
Retained earnings (accumulated deficit)		(21,678	)		(4,388	)		(8,759	)		(16,508	)		(11,485	)		(29,526	)
Total members’ equity (deficit)		77,572			272,881			244,957			241,143			341,857			53,765
Total liabilities and members’ equity (deficit)	$	284,480		$	283,865		$	256,982		$	250,608		$	358,326		$	205,749

F-18

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Hollandaise			Holloway			Inglewood			Irene			Jack			Jake
ASSETS
Current assets:
Cash	$	2,926		$	7,337		$	8,005		$	19,965		$	4,202		$	10,949
Other receivables		-			-			-			-			-			-
Prepaid expenses		2,791			2,338			1,033			211			3,151			380
Due from (to) third party property managers		6,366			2,949			2,716			1,468			835			6,599
Due from related parties		-			-			-			-			-			-
Total current assets		12,083			12,624			11,753			21,644			8,187			17,928
Property and equipment, net	$	346,109		$	313,919		$	650,259		$	172,849		$	397,933		$	561,113
Deposits	$	1,895		$	3,719		$	3,445		$	1,395		$	-		$	2,895
Total assets	$	360,087		$	330,262		$	665,457		$	195,888		$	406,121		$	581,937
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,124		$	1,937		$	8,261		$	3,457		$	1,261		$	7,373
Due to third party property managers		-			-			-			-			-			-
Due to (from) related parties		13,553			13,608			8,274			2,001			5,082			31,523
Total Current liabilities		15,677			15,544			16,535			5,459			6,343			38,896
Tenant deposits		1,895			3,719			3,445			1,395			-			2,895
Mortgage payable, net		253,041			218,344			-			-			286,926			-
Total Liabilities		270,613			237,607			19,980			6,854			293,269			41,791
Members’ equity (deficit)
Members’ capital		136,603			120,379			685,274			194,189			145,082			581,032
Retained earnings (accumulated deficit)		(47,129	)		(27,725	)		(39,797	)		(5,155	)		(32,230	)		(40,886	)
Total members’ equity (deficit)		89,473			92,654			645,477			189,035			112,852			540,146
Total liabilities and members’ equity (deficit)	$	360,087		$	330,262		$	665,457		$	195,888		$	406,121		$	581,937

F-19

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Jefferson		Jill			Johnny			June			Jupiter			Kawana
ASSETS
Current assets:
Cash	$	18,399	$	11,613		$	42,500		$	31,022		$	1,809		$	12,409
Other receivables		-		-			-			-			-			-
Prepaid expenses		873		4,966			177			178			1,407			2,372
Due from (to) third party property managers		2,127		2,159			293			3,255			1,588			1,110
Due from related parties		-		-			-			-			-			-
Total current assets		21,399		18,739			42,970			34,455			4,804			15,891
Property and equipment, net	$	265,493	$	383,737		$	559,241		$	559,241		$	196,322		$	260,585
Deposits	$	2,595	$	2,195		$	-		$	3,545		$	1,550		$	2,543
Total assets	$	289,487	$	404,670		$	602,211		$	597,241		$	202,676		$	279,019
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	4,258	$	1,730		$	6,552		$	9,491		$	1,281		$	1,753
Due to third party property managers		-		-			-			-			-			-
Due to (from) related parties		3,486		4,461			67,780			48,073			3,195			3,665
Total Current liabilities		7,744		6,191			74,332			57,564			4,475			5,418
Tenant deposits		2,595		2,195			-			3,545			1,550			2,543
Mortgage payable, net		-		196,822			-			-			138,117			190,477
Total Liabilities		10,339		205,208			74,332			61,109			144,142			198,437
Members’ equity (deficit)
Members’ capital		278,828		224,819			576,016			577,965			82,858			93,987
Retained earnings (accumulated deficit)		320		(25,357	)		(48,137	)		(41,833	)		(24,325	)		(13,406	)
Total members’ equity (deficit)		279,148		199,462			527,879			536,132			58,534			80,581
Total liabilities and members’ equity (deficit)	$	289,487	$	404,670		$	602,211		$	597,241		$	202,676		$	279,019

F-20

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Kennesaw			Kenny			KerriAnn			Kessler			Kingsley			Kirkwood
ASSETS
Current assets:
Cash	$	16,109		$	8,376		$	741		$	3,532		$	5,351		$	493
Other receivables		-			-			-			-			-			-
Prepaid expenses		288			249			1,402			1,369			82			3,001
Due from (to) third party property managers		1,598			-			4,242			-			2,966			1,846
Due from related parties		-			-			-			-			-			-
Total current assets		17,996			8,625			6,385			4,901			8,398			5,339
Property and equipment, net	$	405,634		$	658,507		$	317,722		$	250,359		$	291,084		$	248,452
Deposits	$	2,595		$	-		$	1,995		$	-		$	2,869		$	2,393
Total assets	$	426,225		$	667,133		$	326,102		$	255,259		$	302,350		$	256,183
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	6,155		$	8,029		$	4,107		$	1,262		$	1,890		$	2,427
Due to third party property managers		-			305			-			2,442			-			-
Due to (from) related parties		10,633			7,375			20,821			3,044			17,134			3,008
Total Current liabilities		16,788			15,709			24,927			6,748			19,024			5,435
Tenant deposits		2,595			-			1,995			-			2,869			2,393
Mortgage payable, net		-			-			235,597			125,383			212,398			180,038
Total Liabilities		19,383			15,709			262,519			132,131			234,291			187,866
Members’ equity (deficit)
Members’ capital		422,033			693,678			118,655			148,368			98,088			89,645
Retained earnings (accumulated deficit)		(15,190	)		(42,255	)		(55,073	)		(25,239	)		(30,029	)		(21,328	)
Total members’ equity (deficit)		406,843			651,423			63,582			123,129			68,059			68,317
Total liabilities and members’ equity (deficit)	$	426,225		$	667,133		$	326,102		$	255,259		$	302,350		$	256,183

F-21

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Korin		Lallie			Lanier			Lannister			Latte			Lennox
ASSETS
Current assets:
Cash	$	19,720	$	4,604		$	5,838		$	2,817		$	15,000		$	4,980
Other receivables		-		-			-			-			-			-
Prepaid expenses		-		883			3,604			3,692			289			1,133
Due from (to) third party property managers		1,869		3,387			-			1,013			3,397			2,671
Due from related parties		-		-			-			-			-			-
Total current assets		21,589		8,874			9,442			7,522			18,685			8,784
Property and equipment, net	$	268,503	$	351,771		$	363,587		$	170,512		$	348,255		$	200,162
Deposits	$	1,995	$	2,295		$	2,395		$	1,943		$	3,293		$	1,795
Total assets	$	292,087	$	362,940		$	375,424		$	179,977		$	370,233		$	210,741
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	7,488	$	1,782		$	1,616		$	1,164		$	4,916		$	1,702
Due to third party property managers		-		-			1,491			-			-			-
Due to (from) related parties		3,614		56,618			9,466			13,089			8,954			9,048
Total Current liabilities		11,102		58,400			12,573			14,253			13,869			10,749
Tenant deposits		1,995		2,295			2,395			1,943			3,293			1,795
Mortgage payable, net		-		237,669			261,368			112,653			-			137,818
Total Liabilities		13,097		298,364			276,335			128,848			17,162			150,362
Members’ equity (deficit)
Members’ capital		278,098		121,958			130,156			76,971			355,153			75,992
Retained earnings (accumulated deficit)		893		(57,382	)		(31,068	)		(25,842	)		(2,083	)		(15,613	)
Total members’ equity (deficit)		278,990		64,576			99,089			51,129			353,071			60,379
Total liabilities and members’ equity (deficit)	$	292,087	$	362,940		$	375,424		$	179,977		$	370,233		$	210,741

F-22

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Lierly		Lily			Limestone			Litton			Longwoods			Lookout
ASSETS
Current assets:
Cash	$	17,807	$	10,076		$	1,996		$	23,688		$	16,523		$	8,233
Other receivables		-		-			-			-			-			-
Prepaid expenses		35		5,547			1,453			223			-			104
Due from (to) third party property managers		-		2,874			889			1,528			727			622
Due from related parties		-		-			-			-			-			-
Total current assets		17,842		18,497			4,339			25,439			17,250			8,959
Property and equipment, net	$	194,803	$	497,050		$	271,632		$	309,476		$	264,064		$	328,741
Deposits	$	1,750	$	2,395		$	2,095		$	-		$	1,995		$	2,145
Total assets	$	214,395	$	517,942		$	278,066		$	334,916		$	283,310		$	339,845
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	7,270	$	217		$	1,892		$	4,681		$	4,602		$	4,587
Due to third party property managers		233		-			-			-			-			-
Due to (from) related parties		5,440		69,641			17,892			3,894			3,308			7,924
Total Current liabilities		12,942		69,858			19,784			8,576			7,910			12,511
Tenant deposits		1,750		2,395			2,095			-			1,995			2,145
Mortgage payable, net		129,839		308,697			200,936			157,267			-			-
Total Liabilities		144,532		380,949			222,815			165,842			9,905			14,656
Members’ equity (deficit)
Members’ capital		68,875		209,864			107,168			177,787			284,369			333,382
Retained earnings (accumulated deficit)		989		(72,870	)		(51,917	)		(8,714	)		(10,964	)		(8,194	)
Total members’ equity (deficit)		69,863		136,993			55,251			169,073			273,404			325,189
Total liabilities and members’ equity (deficit)	$	214,395	$	517,942		$	278,066		$	334,916		$	283,310		$	339,845

F-23

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Loretta			Louis			Louise			Lovejoy			Luna			Lurleen
ASSETS
Current assets:
Cash	$	11,318		$	22,815		$	3,036		$	3,866		$	4,022		$	4,445
Other receivables		-			-			-			-			-			-
Prepaid expenses		630			562			2,631			2,273			1,040			216
Due from (to) third party property managers		3,012			5,033			1,721			1,235			-			2,641
Due from related parties		-			-			-			-			-			-
Total current assets		14,960			28,409			7,388			7,374			5,062			7,302
Property and equipment, net	$	655,350		$	263,982		$	261,437		$	278,385		$	198,590		$	219,356
Deposits	$	3,445		$	1,895		$	1,895		$	1,995		$	1,895		$	1,695
Total assets	$	673,755		$	294,287		$	270,720		$	287,753		$	205,547		$	228,353
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	14,744		$	4,409		$	1,531		$	2,538		$	1,793		$	4,455
Due to third party property managers		-			-			-			-			1,213			-
Due to (from) related parties		8,131			3,126			2,752			14,214			16,385			8,788
Total Current liabilities		22,875			7,534			4,283			16,752			19,391			13,243
Tenant deposits		3,445			1,895			1,895			1,995			1,895			1,695
Mortgage payable, net		-			-			180,044			202,996			147,981			108,075
Total Liabilities		26,320			9,429			186,221			221,743			169,267			123,013
Members’ equity (deficit)
Members’ capital		665,346			286,838			99,248			98,315			64,864			125,045
Retained earnings (accumulated deficit)		(17,911	)		(1,981	)		(14,749	)		(32,306	)		(28,584	)		(19,704	)
Total members’ equity (deficit)		647,435			284,857			84,499			66,010			36,279			105,340
Total liabilities and members’ equity (deficit)	$	673,755		$	294,287		$	270,720		$	287,753		$	205,547		$	228,353

F-24

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Madison			Mae			Magnolia			Malbec			Mammoth			Marcelo
ASSETS
Current assets:
Cash	$	5,143		$	10,695		$	21,450		$	8,540		$	858		$	11,473
Other receivables		-			-			-			-			-			-
Prepaid expenses		1,358			397			1,665			919			3,098			-
Due from (to) third party property managers		3,543			3,345			1,160			-			895			1,705
Due from related parties		-			-			-			-			-			-
Total current assets		10,044			14,436			24,274			9,459			4,852			13,178
Property and equipment, net	$	196,050		$	338,043		$	242,780		$	294,046		$	323,304		$	272,481
Deposits	$	2,174		$	4,190		$	-		$	2,295		$	2,095		$	1,945
Total assets	$	208,267		$	356,669		$	267,054		$	305,800		$	330,250		$	287,603
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	1,179		$	5,170		$	2,194		$	1,841		$	1,440		$	4,071
Due to third party property managers		-			-			-			6,810			-			-
Due to (from) related parties		18,527			4,587			30,485			5,781			39,571			4,120
Total Current liabilities		19,706			9,758			32,680			14,432			41,011			8,190
Tenant deposits		2,174			4,190			-			2,295			2,095			1,945
Mortgage payable, net		99,895			-			171,057			204,967			235,655			-
Total Liabilities		121,774			13,948			203,737			221,695			278,761			10,135
Members’ equity (deficit)
Members’ capital		116,937			348,026			88,929			100,695			119,073			287,421
Retained earnings (accumulated deficit)		(30,444	)		(5,305	)		(25,612	)		(16,590	)		(67,584	)		(9,953	)
Total members’ equity (deficit)		86,493			342,722			63,317			84,105			51,489			277,468
Total liabilities and members’ equity (deficit)	$	208,267		$	356,669		$	267,054		$	305,800		$	330,250		$	287,603

F-25

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Marie		Marietta			Marion			Marple			Martell			Mary
ASSETS
Current assets:
Cash	$	22,989	$	4,533		$	1,584		$	15,930		$	1,704		$	18,349
Other receivables		-		-			-			-			-			-
Prepaid expenses		105		2,502			1,169			-			-			481
Due from (to) third party property managers		2,421		848			1,755			-			1,705			2,042
Due from related parties		-		-			-			-			-			-
Total current assets		25,515		7,883			4,508			15,930			3,408			20,872
Property and equipment, net	$	309,014	$	289,547		$	259,383		$	172,045		$	254,819		$	266,239
Deposits	$	2,745	$	2,195		$	2,295		$	2,093		$	1,945		$	2,095
Total assets	$	337,274	$	299,624		$	266,186		$	190,068		$	260,172		$	289,205
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	4,952	$	1,767		$	4,281		$	3,348		$	4,365		$	4,682
Due to third party property managers		-		-			-			1,121			-			-
Due to (from) related parties		4,258		13,150			2,816			2,794			3,197			3,323
Total Current liabilities		9,210		14,916			7,097			7,263			7,561			8,005
Tenant deposits		2,745		2,195			2,295			2,093			1,945			2,095
Mortgage payable, net		-		148,541			-			-			-			-
Total Liabilities		11,955		165,653			9,392			9,355			9,506			10,100
Members’ equity (deficit)
Members’ capital		321,240		170,613			274,571			188,243			277,843			281,932
Retained earnings (accumulated deficit)		4,079		(36,641	)		(17,778	)		(7,531	)		(27,177	)		(2,826	)
Total members’ equity (deficit)		325,319		133,972			256,794			180,712			250,666			279,106
Total liabilities and members’ equity (deficit)	$	337,274	$	299,624		$	266,186		$	190,068		$	260,172		$	289,205

F-26

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Matchingham			McGregor			McLovin			Meadow			Mimosa			Mojave
ASSETS
Current assets:
Cash	$	6,183		$	6,131		$	2,381		$	8,762		$	8,848		$	3,204
Other receivables		-			-			-			-			-			-
Prepaid expenses		1,104			-			3,636			1,869			81			778
Due from (to) third party property managers		2,560			1,864			2,874			2,746			3,636			2,169
Due from related parties		-			-			-			-			-			-
Total current assets		9,846			7,995			8,891			13,377			12,565			6,150
Property and equipment, net	$	196,930		$	285,788		$	495,700		$	298,294		$	203,872		$	224,989
Deposits	$	2,095		$	1,895		$	3,495		$	-		$	1,495		$	2,195
Total assets	$	208,871		$	295,678		$	508,085		$	311,670		$	217,933		$	233,334
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,285		$	4,950		$	(1,249	)	$	1,991		$	4,140		$	1,763
Due to third party property managers		-			-			-			-			-			-
Due to (from) related parties		3,025			8,323			10,404			4,889			2,427			4,945
Total Current liabilities		5,310			13,274			9,155			6,880			6,567			6,707
Tenant deposits		2,095			1,895			3,495			-			1,495			2,195
Mortgage payable, net		144,680			-			364,286			212,755			105,753			160,176
Total Liabilities		152,086			15,169			376,936			219,635			113,815			169,079
Members’ equity (deficit)
Members’ capital		65,618			292,739			167,504			127,483			119,460			68,201
Retained earnings (accumulated deficit)		(8,832	)		(12,229	)		(36,355	)		(35,447	)		(15,343	)		(3,946	)
Total members’ equity (deficit)		56,785			280,510			131,149			92,035			104,118			64,256
Total liabilities and members’ equity (deficit)	$	208,871		$	295,678		$	508,085		$	311,670		$	217,933		$	233,334

F-27

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Murphy			Mycroft			Nugget			Odessa			Olive			Oly
ASSETS
Current assets:
Cash	$	3,655		$	16,142		$	9,267		$	5,678		$	3,723		$	7,885
Other receivables		-			-			-			-			-			-
Prepaid expenses		2,168			-			-			3,775			2,084			3,312
Due from (to) third party property managers		1,189			1,300			2,714			2,871			5,432			2,868
Due from related parties		-			-			-			-			-			-
Total current assets		7,012			17,441			11,981			12,324			11,239			14,065
Property and equipment, net	$	277,204		$	175,943		$	533,414		$	496,685		$	217,174		$	496,278
Deposits	$	1,995		$	1,645		$	3,295		$	3,395		$	1,895		$	2,995
Total assets	$	286,211		$	195,029		$	548,691		$	512,404		$	230,308		$	513,337
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,888		$	3,559		$	10,760		$	(918	)	$	1,817		$	(1,073	)
Due to third party property managers		-			-			-			-			-			-
Due to (from) related parties		3,373			2,749			17,377			40,085			21,032			9,335
Total Current liabilities		6,261			6,308			28,137			39,168			22,850			8,262
Tenant deposits		1,995			1,645			3,295			3,395			1,895			2,995
Mortgage payable, net		205,163			-			-			371,268			124,290			364,989
Total Liabilities		213,419			7,953			31,432			413,830			149,035			376,246
Members’ equity (deficit)
Members’ capital		96,277			190,376			535,516			182,119			110,735			168,662
Retained earnings (accumulated deficit)		(23,486	)		(3,300	)		(18,257	)		(83,545	)		(29,462	)		(31,570	)
Total members’ equity (deficit)		72,792			187,076			517,258			98,574			81,273			137,091
Total liabilities and members’ equity (deficit)	$	286,211		$	195,029		$	548,691		$	512,404		$	230,308		$	513,337

F-28

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Onyx			Oscar			Osceola			Osprey			Otoro			Palmer
ASSETS
Current assets:
Cash	$	6,619		$	7,263		$	7,054		$	12,737		$	1,253		$	11,280
Other receivables		-			458			-			-			-			-
Prepaid expenses		-			752			2,196			362			2,150			509
Due from (to) third party property managers		2,476			-			1,870			3,340			3,619			2,206
Due from related parties		-			-			-			-			-			-
Total current assets		9,095			8,472			11,119			16,438			7,022			13,995
Property and equipment, net	$	331,389		$	250,430		$	274,658		$	337,743		$	378,228		$	291,856
Deposits	$	2,295		$	3,390		$	1,695		$	2,295		$	2,319		$	1,895
Total assets	$	342,779		$	262,293		$	287,472		$	356,476		$	387,570		$	307,747
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	3,512		$	4,145		$	6,088		$	4,190		$	2,275		$	4,265
Due to third party property managers		-			70			-			-			-			-
Due to (from) related parties		3,393			2,620			2,823			8,553			73,905			7,653
Total Current liabilities		6,905			6,834			8,911			12,743			76,181			11,917
Tenant deposits		2,295			3,390			1,695			2,295			2,319			1,895
Mortgage payable, net		-			-			-			-			271,803			-
Total Liabilities		9,200			10,224			10,606			15,038			350,302			13,812
Members’ equity (deficit)
Members’ capital		341,559			268,363			300,200			349,897			133,171			310,723
Retained earnings (accumulated deficit)		(7,981	)		(16,295	)		(23,335	)		(8,459	)		(95,903	)		(16,789	)
Total members’ equity (deficit)		333,578			252,068			276,866			341,438			37,268			293,934
Total liabilities and members’ equity (deficit)	$	342,779		$	262,293		$	287,472		$	356,476		$	387,570		$	307,747

F-29

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Patrick			Peanut			Pearl			Pecan		Peterson			Piedmont
ASSETS
Current assets:
Cash	$	7,225		$	7,204		$	5,602		$	17,193	$	21,133		$	14,919
Other receivables		-			-			-			-		-			-
Prepaid expenses		55			1,262			233			31		239			2,936
Due from (to) third party property managers		-			861			1,004			-		1,613			2,176
Due from related parties		-			-			-			-		-			-
Total current assets		7,280			9,326			6,839			17,224		22,985			20,031
Property and equipment, net	$	196,076		$	204,539		$	519,889		$	189,647	$	222,975		$	366,766
Deposits	$	1,595		$	2,093		$	2,945		$	1,750	$	1,595		$	2,295
Total assets	$	204,952		$	215,958		$	529,673		$	208,621	$	247,555		$	389,092
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	5,743		$	1,891		$	7,015		$	6,711	$	3,538		$	1,651
Due to third party property managers		1,006			-			-			620		-			-
Due to (from) related parties		5,578			2,545			13,723			5,804		2,257			4,570
Total Current liabilities		12,327			4,436			20,739			13,134		5,795			6,220
Tenant deposits		1,595			2,093			2,945			1,750		1,595			2,295
Mortgage payable, net		107,862			145,287			-			112,414		-			188,168
Total Liabilities		121,784			151,815			23,684			127,299		7,390			196,684
Members’ equity (deficit)
Members’ capital		91,778			74,768			538,041			80,369		246,718			223,008
Retained earnings (accumulated deficit)		(8,611	)		(10,626	)		(32,052	)		953		(6,552	)		(30,600	)
Total members’ equity (deficit)		83,167			64,142			505,989			81,322		240,166			192,408
Total liabilities and members’ equity (deficit)	$	204,952		$	215,958		$	529,673		$	208,621	$	247,555		$	389,092

F-30

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Pinot			Pioneer			Plumtree		Point			Porthos			Quincy
ASSETS
Current assets:
Cash	$	11,005		$	6,382		$	18,527	$	1,303		$	19,433		$	17,681
Other receivables		-			-			-		-			-			-
Prepaid expenses		1,650			47			32		4,322			-			-
Due from (to) third party property managers		-			-			1,495		585			2,201			1,639
Due from related parties		-			-			-		-			-			-
Total current assets		12,655			6,429			20,053		6,210			21,634			19,319
Property and equipment, net	$	296,883		$	559,375		$	183,172	$	363,122		$	296,549		$	522,265
Deposits	$	2,395		$	-		$	1,550	$	2,095		$	2,295		$	3,495
Total assets	$	311,933		$	565,804		$	204,775	$	371,427		$	320,478		$	545,079
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	1,831		$	8,132		$	6,636	$	1,544		$	4,976		$	9,429
Due to third party property managers		2,836			134			-		-			-			-
Due to (from) related parties		6,109			16,021			5,951		8,932			3,820			37,001
Total Current liabilities		10,776			24,287			12,587		10,476			8,796			46,431
Tenant deposits		2,395			-			1,550		2,095			2,295			3,495
Mortgage payable, net		207,094			-			110,054		265,191			-			-
Total Liabilities		220,265			24,287			124,191		277,762			11,091			49,926
Members’ equity (deficit)
Members’ capital		101,720			571,678			77,189		131,165			315,059			542,040
Retained earnings (accumulated deficit)		(10,052	)		(30,161	)		3,395		(37,500	)		(5,672	)		(46,886	)
Total members’ equity (deficit)		91,668			541,517			80,584		93,665			309,387			495,154
Total liabilities and members’ equity (deficit)	$	311,933		$	565,804		$	204,775	$	371,427		$	320,478		$	545,079

F-31

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Redondo			Regency			Reginald			Reynolds			Ribbonwalk			Richardson
ASSETS
Current assets:
Cash	$	7,915		$	19,727		$	15,668		$	22,451		$	11,672		$	17,795
Other receivables		-			-			-			-			-			-
Prepaid expenses		208			711			275			491			2,156			215
Due from (to) third party property managers		3,534			1,602			4,530			2,685			1,394			1,725
Due from related parties		-			-			-			-			-			-
Total current assets		11,657			22,040			20,472			25,627			15,222			19,735
Property and equipment, net	$	302,049		$	266,620		$	421,846		$	410,397		$	298,298		$	300,565
Deposits	$	-		$	3,793		$	4,293		$	2,495		$	1,995		$	1,995
Total assets	$	313,706		$	292,453		$	446,611		$	438,519		$	315,516		$	322,295
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	4,691		$	7,429		$	7,537		$	6,097		$	1,391		$	8,035
Due to third party property managers		-			-			-			-			-			-
Due to (from) related parties		4,081			3,093			31,062			10,713			16,552			4,338
Total Current liabilities		8,771			10,522			38,599			16,810			17,943			12,373
Tenant deposits		-			3,793			4,293			2,495			1,995			1,995
Mortgage payable, net		154,875			135,094			-			-			221,786			-
Total Liabilities		163,646			149,408			42,891			19,305			241,724			14,368
Members’ equity (deficit)
Members’ capital		176,602			150,315			437,990			423,806			112,476			316,062
Retained earnings (accumulated deficit)		(26,543	)		(7,270	)		(34,270	)		(4,592	)		(38,684	)		(8,134	)
Total members’ equity (deficit)		150,060			143,045			403,720			419,214			73,792			307,927
Total liabilities and members’ equity (deficit)	$	313,706		$	292,453		$	446,611		$	438,519		$	315,516		$	322,295

F-32

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Richmond			Ridge			Ritter			River			Riverwalk			Rooney
ASSETS
Current assets:
Cash	$	28,039		$	2,945		$	6,811		$	5,682		$	14,667		$	9,748
Other receivables		-			-			-			-			-			-
Prepaid expenses		347			1,520			103			1,593			-			3,365
Due from (to) third party property managers		2,410			2,745			1,961			2,817			1			2,433
Due from related parties		-			-			-			-			-			-
Total current assets		30,796			7,210			8,875			10,092			14,668			15,547
Property and equipment, net	$	375,812		$	201,085		$	480,633		$	246,279		$	377,200		$	348,383
Deposits	$	2,695		$	2,543		$	2,495		$	3,293		$	3,993		$	2,095
Total assets	$	409,303		$	210,838		$	492,003		$	259,664		$	395,861		$	366,025
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	6,328		$	1,803		$	6,667		$	2,341		$	4,918		$	1,207
Due to third party property managers		-			-			-			-			-			-
Due to (from) related parties		4,703			3,608			30,256			4,319			8,965			16,073
Total Current liabilities		11,031			5,411			36,923			6,660			13,883			17,280
Tenant deposits		2,695			2,543			2,495			3,293			3,993			2,095
Mortgage payable, net		-			138,461			-			170,412			-			256,547
Total Liabilities		13,726			146,415			39,418			180,364			17,876			275,922
Members’ equity (deficit)
Members’ capital		406,114			76,459			510,161			90,545			389,527			126,966
Retained earnings (accumulated deficit)		(10,536	)		(12,036	)		(57,576	)		(11,246	)		(11,542	)		(36,864	)
Total members’ equity (deficit)		395,577			64,424			452,585			79,299			377,985			90,102
Total liabilities and members’ equity (deficit)	$	409,303		$	210,838		$	492,003		$	259,664		$	395,861		$	366,025

F-33

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Roseberry			Rosewood			Roxy			Saddlebred			Saint			Sajni
ASSETS
Current assets:
Cash	$	2,519		$	764		$	6,970		$	13,484		$	14,086		$	268
Other receivables		-			-			-			1,377			-			-
Prepaid expenses		2,178			1,337			2,151			2,670			2,335			10
Due from (to) third party property managers		873			3,251			2,262			4,607			2,185			2,337
Due from related parties		-			-			-			-			-			-
Total current assets		5,570			5,352			11,383			22,139			18,606			2,615
Property and equipment, net	$	303,881		$	257,226		$	309,806		$	452,190		$	303,092		$	302,059
Deposits	$	3,443		$	2,768		$	1,995		$	4,168		$	2,495		$	2,745
Total assets	$	312,894		$	265,346		$	323,184		$	478,497		$	324,193		$	307,418
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,351		$	1,621		$	1,630		$	(22	)	$	1,970		$	3,607
Due to third party property managers		-			-			-			-			-			-
Due to (from) related parties		5,380			2,993			18,361			32,413			4,160			5,577
Total Current liabilities		7,731			4,613			19,992			32,391			6,130			9,184
Tenant deposits		3,443			2,768			1,995			4,168			2,495			2,745
Mortgage payable, net		209,142			186,989			218,270			329,554			209,840			-
Total Liabilities		220,316			194,370			240,257			366,112			218,465			11,929
Members’ equity (deficit)
Members’ capital		107,352			95,429			114,854			170,077			110,300			303,759
Retained earnings (accumulated deficit)		(14,774	)		(24,453	)		(31,926	)		(57,692	)		(4,573	)		(8,269	)
Total members’ equity (deficit)		92,578			70,976			82,927			112,385			105,727			295,489
Total liabilities and members’ equity (deficit)	$	312,894		$	265,346		$	323,184		$	478,497		$	324,193		$	307,418

F-34

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Salem			Salinas			Saturn			Scepter			Sequoyah			Shallowford
ASSETS
Current assets:
Cash	$	6,133		$	8,913		$	8,775		$	2,173		$	-		$	-
Other receivables		-			-			-			-			-			-
Prepaid expenses		2,092			-			1,451			2,373			257			2,817
Due from (to) third party property managers		1,241			1,643			1,336			1,380			-			-
Due from related parties		-			-			-			-			-			647
Total current assets		9,467			10,556			11,562			5,927			257			3,463
Property and equipment, net	$	294,012		$	229,499		$	203,429		$	254,302		$	243,878		$	345,006
Deposits	$	2,195		$	1,945		$	1,806		$	1,795		$	2,295		$	-
Total assets	$	305,674		$	242,001		$	216,797		$	262,023		$	246,430		$	348,469
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	1,884		$	3,489		$	1,413		$	1,787		$	6,938		$	1,633
Due to third party property managers		-			-			-			-			7,216			414
Due to (from) related parties		5,736			25,914			14,085			3,930			6,590			-
Total Current liabilities		7,619			29,402			15,499			5,717			20,744			2,047
Tenant deposits		2,195			1,945			1,806			1,795			2,295			-
Mortgage payable, net		208,862			-			138,122			187,025			121,882			176,885
Total Liabilities		218,677			31,347			155,426			194,537			144,921			178,932
Members’ equity (deficit)
Members’ capital		97,344			239,233			86,008			93,130			142,471			204,840
Retained earnings (accumulated deficit)		(10,347	)		(28,580	)		(24,637	)		(25,644	)		(40,962	)		(35,303	)
Total members’ equity (deficit)		86,997			210,654			61,371			67,486			101,509			169,537
Total liabilities and members’ equity (deficit)	$	305,674		$	242,001		$	216,797		$	262,023		$	246,430		$	348,469

F-35

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Shoreline			Sigma			Simon			Sims			Soapstone		Sodalis
ASSETS
Current assets:
Cash	$	1,468		$	371		$	2,600		$	937		$	1,152	$	1,846
Other receivables		-			-			-			-			17,919		-
Prepaid expenses		1,569			2,328			470			478			-		52
Due from (to) third party property managers		3,057			690			2,003			1,671			2,294		2,971
Due from related parties		-			5,361			13,503			13,932			-		-
Total current assets		6,094			8,750			18,577			17,017			21,365		4,870
Property and equipment, net	$	286,950		$	359,953		$	284,307		$	267,430		$	199,333	$	276,587
Deposits	$	2,295		$	2,869		$	2,095		$	2,768		$	2,350	$	2,000
Total assets	$	295,339		$	371,572		$	304,979		$	287,215		$	223,049	$	283,457
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	1,835		$	2,061		$	4,887		$	4,496		$	6,743	$	9,061
Due to third party property managers		-			-			-			-			-		-
Due to (from) related parties		13,281			-			-			-			8,070		1,957
Total Current liabilities		15,116			2,061			4,887			4,496			14,812		11,018
Tenant deposits		2,295			2,869			2,095			2,768			2,350		2,000
Mortgage payable, net		209,965			266,960			-			-			126,994		-
Total Liabilities		227,376			271,889			6,982			7,264			144,156		13,018
Members’ equity (deficit)
Members’ capital		99,473			124,371			302,259			287,684			76,685		289,188
Retained earnings (accumulated deficit)		(31,510	)		(24,688	)		(4,262	)		(7,733	)		2,207		(18,749	)
Total members’ equity (deficit)		67,963			99,683			297,997			279,952			78,892		270,438
Total liabilities and members’ equity (deficit)	$	295,339		$	371,572		$	304,979		$	287,215		$	223,049	$	283,457

F-36

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Spencer			Splash			Spring			Stonebriar			Sugar			Summerset
ASSETS
Current assets:
Cash	$	1,436		$	1,467		$	2,089		$	10,239		$	2,090		$	4,249
Other receivables		-			-			-			-			-			-
Prepaid expenses		1,406			150			139			1,392			2,303			1,165
Due from (to) third party property managers		3,214			243			2,656			1,928			2,882			4,638
Due from related parties		-			2,127			-			-			-			-
Total current assets		6,056			3,985			4,883			13,559			7,276			10,052
Property and equipment, net	$	277,745		$	198,662		$	236,397		$	192,772		$	287,772		$	248,951
Deposits	$	2,349		$	1,550		$	1,695		$	1,395		$	3,590		$	2,843
Total assets	$	286,150		$	204,197		$	242,975		$	207,726		$	298,638		$	261,846
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	3,283		$	5,885		$	3,667		$	1,364		$	1,816		$	1,454
Due to third party property managers		-			-			-			-			-			-
Due to (from) related parties		6,031			-			3,411			20,773			4,597			27,818
Total Current liabilities		9,314			5,885			7,077			22,136			6,413			29,272
Tenant deposits		2,349			1,550			1,695			1,395			3,590			2,843
Mortgage payable, net		192,578			122,029			-			132,769			199,011			163,590
Total Liabilities		204,241			129,464			8,772			156,300			209,015			195,705
Members’ equity (deficit)
Members’ capital		100,295			79,954			244,618			75,194			121,921			92,341
Retained earnings (accumulated deficit)		(18,386	)		(5,221	)		(10,415	)		(23,769	)		(32,298	)		(26,200	)
Total members’ equity (deficit)		81,909			74,733			234,203			51,426			89,623			66,141
Total liabilities and members’ equity (deficit)	$	286,150		$	204,197		$	242,975		$	207,726		$	298,638		$	261,846

F-37

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Sundance			Sunnyside		Swift		Taylor			Terracotta			Theodore
ASSETS
Current assets:
Cash	$	6,006		$	20,260	$	18,822	$	2,997		$	5,197		$	17,640
Other receivables		-			-		-		-			-			-
Prepaid expenses		178			219		-		1,308			2,245			470
Due from (to) third party property managers		9,619			453		1,837		1,598			2,121			1,104
Due from related parties		-			-		-		-			-			-
Total current assets		15,804			20,931		20,660		5,903			9,563			19,214
Property and equipment, net	$	309,006		$	214,271	$	330,079	$	222,746		$	303,989		$	282,191
Deposits	$	2,695		$	-	$	-	$	1,645		$	-		$	2,245
Total assets	$	327,505		$	235,202	$	350,738	$	230,294		$	313,552		$	303,650
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	13,214		$	3,582	$	5,441	$	1,747		$	1,208		$	4,830
Due to third party property managers		-			-		-		-			-			-
Due to (from) related parties		5,090			2,938		8,892		10,824			3,663			3,013
Total Current liabilities		18,304			6,520		14,333		12,570			4,871			7,843
Tenant deposits		2,695			-		-		1,645			-			2,245
Mortgage payable, net		154,875			-		-		112,128			220,369			-
Total Liabilities		175,874			6,520		14,333		126,343			225,239			10,088
Members’ equity (deficit)
Members’ capital		175,561			226,756		336,120		137,559			111,248			304,677
Retained earnings (accumulated deficit)		(23,930	)		1,926		285		(33,608	)		(22,935	)		(11,115	)
Total members’ equity (deficit)		151,631			228,682		336,405		103,951			88,313			293,562
Total liabilities and members’ equity (deficit)	$	327,505		$	235,202	$	350,738	$	230,294		$	313,552		$	303,650

F-38

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Tulip			Tuscan			Tuscarora			Tuxford			Vernon			Walton
ASSETS
Current assets:
Cash	$	5,858		$	22,889		$	15,247		$	6,048		$	4,413		$	12,810
Other receivables		-			-			-			-			-			-
Prepaid expenses		1,609			454			110			2,360			1,781			81
Due from (to) third party property managers		3,639			-			8,722			-			2,918			1,927
Due from related parties		-			-			-			-			-			-
Total current assets		11,105			23,343			24,078			8,409			9,112			14,819
Property and equipment, net	$	301,052		$	296,569		$	323,497		$	247,899		$	242,864		$	286,561
Deposits	$	2,195		$	2,295		$	3,145		$	1,895		$	2,843		$	2,095
Total assets	$	314,352		$	322,207		$	350,721		$	258,203		$	254,818		$	303,475
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,018		$	8,575		$	5,017		$	1,509		$	1,623		$	7,089
Due to third party property managers		-			5,419			-			3,290			-			-
Due to (from) related parties		27,290			7,187			4,199			23,003			10,178			39,869
Total Current liabilities		29,308			21,181			9,216			27,802			11,801			46,959
Tenant deposits		2,195			2,295			3,145			1,895			2,843			2,095
Mortgage payable, net		219,667			180,884			-			176,574			179,904			-
Total Liabilities		251,170			204,360			12,361			206,271			194,548			49,054
Members’ equity (deficit)
Members’ capital		107,232			124,565			340,747			92,739			87,580			298,890
Retained earnings (accumulated deficit)		(44,049	)		(6,718	)		(2,387	)		(40,807	)		(27,310	)		(44,469	)
Total members’ equity (deficit)		63,183			117,847			338,360			51,932			60,270			254,422
Total liabilities and members’ equity (deficit)	$	314,352		$	322,207		$	350,721		$	258,203		$	254,818		$	303,475

F-39

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Wave			Weldon			Wellington			Wentworth			Wescott			Westchester			Wildwood
ASSETS
Current assets:
Cash	$	312		$	3,845		$	13,910		$	13,265		$	2,101		$	6,964		$	8,846
Other receivables		-			-			-			-			-			-			-
Prepaid expenses		2,011			1,365			-			1,124			800			1,980			1,436
Due from (to) third party property managers		2,954			2,032			2,921			-			1,779			3,392			2,221
Due from related parties		-			-			-			-			-			-			-
Total current assets		5,277			7,242			16,832			14,389			4,680			12,336			12,504
Property and equipment, net	$	316,680		$	196,326		$	392,240		$	217,711		$	261,057		$	315,450		$	209,672
Deposits	$	3,293		$	2,168		$	2,395		$	1,595		$	3,440		$	3,119		$	1,945
Total assets	$	325,250		$	205,735		$	411,467		$	233,695		$	269,176		$	330,905		$	224,120
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	1,231		$	1,451		$	5,522		$	1,861		$	1,514		$	2,026		$	1,848
Due to third party property managers		-			-			-			2,721			-			-			-
Due to (from) related parties		69,128			3,372			6,210			4,926			23,982			19,109			3,449
Total Current liabilities		70,358			4,823			11,731			9,508			25,495			21,134			5,297
Tenant deposits		3,293			2,168			2,395			1,595			3,440			3,119			1,945
Mortgage payable, net		221,759			134,889			-			155,160			133,016			196,435			107,263
Total Liabilities		295,410			141,879			14,126			166,263			161,952			220,688			114,505
Members’ equity (deficit)
Members’ capital		112,377			82,507			409,808			72,257			148,341			143,234			120,608
Retained earnings (accumulated deficit)		(82,537	)		(18,651	)		(12,467	)		(4,825	)		(41,116	)		(33,017	)		(10,992	)
Total members’ equity (deficit)		29,841			63,856			397,341			67,432			107,225			110,217			109,616
Total liabilities and members’ equity (deficit)	$	325,250		$	205,735		$	411,467		$	233,695		$	269,176		$	330,905		$	224,120

F-40

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Willow			Wilson			Winchester			Windsor			Winston			Wisteria			Consolidated
ASSETS
Current assets:
Cash	$	14,430		$	13,564		$	10,088		$	5,776		$	17,689		$	6,623		$	2,406,441
Other receivables		-			-			-			-			-			-			22,394
Prepaid expenses		222			61			426			3,011			213			1,579			286,870
Due from (to) third party property managers		2,277			2,528			1,426			150			4,604			2,705			520,780
Due from related parties		-			-			-			-			-			-			52,279
Total current assets		16,930			16,153			11,940			8,937			22,506			10,907			3,288,764
Property and equipment, net	$	279,627		$	369,732		$	265,549		$	323,947		$	314,849		$	288,112			73,508,289
Deposits	$	-		$	2,445		$	1,895		$	4,193		$	1,795		$	3,143			506,848
Total assets	$	296,557		$	388,331		$	279,383		$	337,077		$	339,150		$	302,161		$	77,303,901
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	7,484		$	8,900		$	4,728		$	3,063		$	5,935		$	1,705		$	917,567
Due to third party property managers		-			-			-			-			-			-			51,530
Due to (from) related parties		4,457			5,823			2,527			5,928			4,383			11,352			2,872,933
Total Current liabilities		11,941			14,723			7,255			8,991			10,318			13,057			3,842,031
Tenant deposits		-			2,445			1,895			4,193			1,795			3,143			506,848
Mortgage payable, net		-			-			-			224,777			-			205,344			23,900,670
Total Liabilities		11,941			17,168			9,150			237,961			12,113			221,543			28,249,548
Members’ equity (deficit)
Members’ capital		285,572			377,759			284,074			114,006			329,385			99,926			54,231,994
Retained earnings (accumulated deficit)		(956	)		(6,596	)		(13,840	)		(14,890	)		(2,348	)		(19,307	)		(5,177,641	)
Total members’ equity (deficit)		284,616			371,163			270,233			99,116			327,037			80,619			49,054,353
Total liabilities and members’ equity (deficit)	$	296,557		$	388,331		$	279,383		$	337,077		$	339,150		$	302,161		$	77,303,901

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

F-41

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	100		101			Abbington			Abernant			Alvin			Amber
ASSETS
Current assets:
Cash	$	29,547	$	5,396		$	10,509		$	546		$	4,872		$	3,401
Other receivables		-		-			-			-			-			-
Prepaid expenses		587		605			700			212			254			1,428
Due from (to) third party property managers		11,007		8,280			3,088			(354	)		(678	)		2,534
Total current assets		41,142		14,281			14,297			404			4,447			7,363
Property and equipment, net	$	592,553	$	613,223		$	468,656		$	227,524		$	318,111		$	288,748
Deposits	$	3,745	$	3,095		$	2,845		$	-		$	2,295		$	2,843
Total assets	$	637,440	$	630,599		$	485,799		$	227,928		$	324,853		$	298,954
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	13,100	$	6,583		$	6,687		$	2,827		$	3,454		$	3,254
Due to (from) related parties		25,882		38,875			18,115			230,664			324,058			7,225
Total Current liabilities		38,982		45,458			24,803			233,491			327,512			10,479
Tenant deposits		3,745		3,095			2,845			-			2,295			2,843
Mortgage payable, net		-		-			-			-			-			198,743
Total Liabilities		42,727		48,553			27,648			233,491			329,807			212,064
Members’ equity (deficit)
Members’ capital		593,296		649,953			482,257			2,405			330			115,531
Retained earnings (accumulated deficit)		1,418		(67,907	)		(24,106	)		(7,968	)		(5,284	)		(28,641	)
Total members’ equity (deficit)		594,713		582,046			458,151			(5,563	)		(4,954	)		86,890
Total liabilities and members’ equity (deficit)	$	637,440	$	630,599		$	485,799		$	227,928		$	324,853		$	298,954

F-42

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Apollo			Aster			Augusta			Avebury			Avondale			Badminton
ASSETS
Current assets:
Cash	$	518		$	1,362		$	20,996		$	2,956		$	16,728		$	317
Other receivables		-			-			-			-			-			-
Prepaid expenses		1,876			1,218			509			1,475			340			1,026
Due from (to) third party property managers		7,015			4,731			4,514			7,673			4,097			(3,569	)
Total current assets		9,409			7,310			26,018			12,104			21,166			(2,227	)
Property and equipment, net	$	189,297		$	247,484		$	294,773		$	278,995		$	327,184		$	246,012
Deposits	$	1,744		$	2,245		$	1,995		$	1,795		$	2,195		$	2,993
Total assets	$	200,450		$	257,039		$	322,786		$	292,894		$	350,544		$	246,778
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,057		$	2,199		$	5,874		$	2,461		$	5,440		$	2,196
Due to (from) related parties		4,124			8,466			(507	)		6,535			4,518			7,474
Total Current liabilities		6,182			10,664			5,367			8,997			9,959			9,671
Tenant deposits		1,744			2,245			1,995			1,795			2,195			2,993
Mortgage payable, net		133,204			124,200			-			200,866			-			171,923
Total Liabilities		141,129			137,109			7,362			211,658			12,154			184,586
Members’ equity (deficit)
Members’ capital		72,850			151,692			323,135			98,105			351,685			82,572
Retained earnings (accumulated deficit)		(13,529	)		(31,762	)		(7,711	)		(16,869	)		(13,295	)		(20,380	)
Total members’ equity (deficit)		59,321			119,930			315,424			81,236			338,391			62,192
Total liabilities and members’ equity (deficit)	$	200,450		$	257,039		$	322,786		$	292,894		$	350,544		$	246,778

F-43

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Ballinger			Bandelier			Baron			Basil			Bayside			Bazzel
ASSETS
Current assets:
Cash	$	25,175		$	14,176		$	18,044		$	1,067		$	1,125		$	16,160
Other receivables		-			-			-			-			-			-
Prepaid expenses		-			2,141			556			1,278			3,450			1,210
Due from (to) third party property managers		(2,757	)		6,496			6,053			2,233			5,291			(8,312	)
Total current assets		22,418			22,813			24,654			4,579			9,866			9,057
Property and equipment, net	$	301,220		$	331,910		$	558,711		$	189,841		$	240,576		$	258,687
Deposits	$	-		$	2,195		$	2,895		$	1,495		$	2,619		$	1,795
Total assets	$	323,638		$	356,919		$	586,260		$	195,915		$	253,060		$	269,539
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	1,894		$	2,548		$	9,593		$	2,280		$	3,305		$	6,703
Due to (from) related parties		2,472			4,672			17,815			6,538			5,919			25,522
Total Current liabilities		4,366			7,219			27,407			8,818			9,224			32,225
Tenant deposits		-			2,195			2,895			1,495			2,619			1,795
Mortgage payable, net		-			242,530			-			129,737			163,543			-
Total Liabilities		4,366			251,944			30,302			140,050			175,386			34,020
Members’ equity (deficit)
Members’ capital		326,781			121,833			566,477			68,664			92,034			258,269
Retained earnings (accumulated deficit)		(7,509	)		(16,859	)		(10,519	)		(12,800	)		(14,360	)		(22,750	)
Total members’ equity (deficit)		319,272			104,974			555,958			55,865			77,674			235,519
Total liabilities and members’ equity (deficit)	$	323,638		$	356,919		$	586,260		$	195,915		$	253,060		$	269,539

F-44

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Bedford			Bella			Belle			Belvedere			Bergenia			Blossom
ASSETS
Current assets:
Cash	$	12,611		$	13,396		$	5,101		$	20,507		$	16,933		$	24,959
Other receivables		-			-			-			-			-			-
Prepaid expenses		1,607			492			1,234			312			288			506
Due from (to) third party property managers		12,164			(2,290	)		1,693			7,447			4,417			(598	)
Total current assets		26,381			11,598			8,027			28,266			21,639			24,867
Property and equipment, net	$	269,313		$	304,934		$	425,965		$	293,054		$	218,993		$	246,986
Deposits	$	4,590		$	-		$	2,495		$	2,295		$	1,595		$	1,845
Total assets	$	300,285		$	316,532		$	436,487		$	323,614		$	242,226		$	273,699
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	3,424		$	7,767		$	3,832		$	5,747		$	5,639		$	7,188
Due to (from) related parties		6,180			(283	)		26,569			5,292			1,804			6,542
Total Current liabilities		9,604			7,484			30,400			11,038			7,443			13,730
Tenant deposits		4,590			-			2,495			2,295			1,595			1,845
Mortgage payable, net		194,557			-			-			-			-			-
Total Liabilities		208,751			7,484			32,895			13,333			9,038			15,575
Members’ equity (deficit)
Members’ capital		92,889			332,233			444,347			314,832			237,473			265,963
Retained earnings (accumulated deficit)		(1,355	)		(23,184	)		(40,756	)		(4,550	)		(4,285	)		(7,839	)
Total members’ equity (deficit)		91,534			309,049			403,592			310,281			233,188			258,124
Total liabilities and members’ equity (deficit)	$	300,285		$	316,532		$	436,487		$	323,614		$	242,226		$	273,699

F-45

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Bonneau			Brainerd			Braxton			Brennan			Briarwood			Brooklyn
ASSETS
Current assets:
Cash	$	10,093		$	3,743		$	10,873		$	1,356		$	21,004		$	171
Other receivables		-			-			-			-			-			-
Prepaid expenses		974			629			822			2,159			237			464
Due from (to) third party property managers		7,212			6,226			5,361			2,221			(121	)		3,870
Total current assets		18,279			10,597			17,055			5,735			21,120			4,505
Property and equipment, net	$	329,371		$	284,408		$	313,845		$	218,555		$	208,762		$	167,213
Deposits	$	2,295		$	2,595		$	2,045		$	1,994		$	-		$	1,249
Total assets	$	349,945		$	297,601		$	332,946		$	226,284		$	229,881		$	172,967
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	12,655		$	6,920		$	5,882		$	1,335		$	2,688		$	2,392
Due to (from) related parties		11,237			(10,799	)		11,136			17,726			867			10,819
Total Current liabilities		23,892			(3,878	)		17,018			19,061			3,556			13,210
Tenant deposits		2,295			2,595			2,045			1,994			-			1,249
Mortgage payable, net		-			142,160			-			153,817			-			81,375
Total Liabilities		26,187			140,877			19,063			174,872			3,556			95,834
Members’ equity (deficit)
Members’ capital		343,756			163,989			329,533			87,119			237,227			100,573
Retained earnings (accumulated deficit)		(19,999	)		(7,265	)		(15,651	)		(35,706	)		(10,901	)		(23,440	)
Total members’ equity (deficit)		323,758			156,724			313,883			51,413			226,325			77,133
Total liabilities and members’ equity (deficit)	$	349,945		$	297,601		$	332,946		$	226,284		$	229,881		$	172,967

F-46

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Burlington			Butter			Calvin			Camino		Campbell			Cawley
ASSETS
Current assets:
Cash	$	12,564		$	222		$	22,562		$	16,603	$	-		$	21,791
Other receivables		-			-			-			-		-			-
Prepaid expenses		2,266			2,883			199			337		-			545
Due from (to) third party property managers		9,874			14,204			2,550			5,709		-			6,487
Total current assets		24,704			17,310			25,311			22,649		-			28,823
Property and equipment, net	$	627,084		$	358,935		$	235,837		$	256,920	$	-		$	312,610
Deposits	$	3,395		$	2,795		$	1,795		$	1,994	$	-		$	2,195
Total assets	$	655,183		$	379,040		$	262,942		$	281,562	$	-		$	343,628
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	10,896		$	3,326		$	2,991		$	4,438	$	-		$	6,195
Due to (from) related parties		27,374			13,906			1,081			5,221		69,756			4,991
Total Current liabilities		38,271			17,231			4,072			9,659		69,756			11,186
Tenant deposits		3,395			2,795			1,795			1,994		-			2,195
Mortgage payable, net		-			259,896			-			-		-			-
Total Liabilities		41,666			279,923			5,867			11,653		69,756			13,381
Members’ equity (deficit)
Members’ capital		626,642			121,132			262,824			269,656		3,161			334,802
Retained earnings (accumulated deficit)		(13,124	)		(22,015	)		(5,748	)		254		(72,917	)		(4,555	)
Total members’ equity (deficit)		613,517			99,117			257,076			269,909		(69,756	)		330,247
Total liabilities and members’ equity (deficit)	$	655,183		$	379,040		$	262,942		$	281,562	$	-		$	343,628

F-47

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Centennial			Chaparral			Chattahoochee		Chelsea			Chester			Chickamauga
ASSETS
Current assets:
Cash	$	9,087		$	18,793		$	-	$	2,782		$	4,291		$	28,234
Other receivables		-			-			-		-			-			-
Prepaid expenses		(99	)		272			-		2,570			1,444			972
Due from (to) third party property managers		4,460			(1,437	)		-		5,988			6,503			2,054
Total current assets		13,448			17,628			-		11,340			12,238			31,260
Property and equipment, net	$	267,090		$	181,513		$	-	$	295,663		$	359,628		$	364,915
Deposits	$	1,895		$	3,000		$	-	$	1,895		$	2,445		$	2,545
Total assets	$	282,433		$	202,141		$	-	$	308,898		$	374,311		$	398,720
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,636		$	6,556		$	-	$	4,128		$	2,825		$	9,570
Due to (from) related parties		5,729			7,053			-		(3,745	)		(7,908	)		7,158
Total Current liabilities		8,366			13,609			-		383			(5,083	)		16,729
Tenant deposits		1,895			3,000			-		1,895			2,445			2,545
Mortgage payable, net		187,578			103,192			-		213,270			181,530			-
Total Liabilities		197,839			119,801			-		215,548			178,892			19,274
Members’ equity (deficit)
Members’ capital		99,231			81,858			-		106,587			214,302			381,178
Retained earnings (accumulated deficit)		(14,637	)		482			-		(13,237	)		(18,883	)		(1,731	)
Total members’ equity (deficit)		84,594			82,340			-		93,350			195,419			379,446
Total liabilities and members’ equity (deficit)	$	282,433		$	202,141		$	-	$	308,898		$	374,311		$	398,720

F-48

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Chinook			Chitwood			Clover			Coatbridge			Collier			Collinston
ASSETS
Current assets:
Cash	$	7,395		$	12,399		$	12,229		$	223		$	13,986		$	650
Other receivables		-			-			-			-			-			-
Prepaid expenses		624			403			612			1,827			387			824
Due from (to) third party property managers		(869	)		6,393			9,423			(3,907	)		6,735			7,574
Total current assets		7,150			19,195			22,264			(1,858	)		21,108			9,048
Property and equipment, net	$	310,454		$	370,485		$	319,996		$	262,048		$	343,946		$	199,231
Deposits	$	2,095		$	2,795		$	1,895		$	6,135		$	2,445		$	1,994
Total assets	$	319,699		$	392,475		$	344,156		$	266,325		$	367,499		$	210,273
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	6,069		$	10,958		$	5,123		$	2,877		$	4,991		$	1,335
Due to (from) related parties		(1,082	)		2,230			15,730			12,934			26,386			18,279
Total Current liabilities		4,987			13,188			20,852			15,810			31,377			19,614
Tenant deposits		2,095			2,795			1,895			6,135			2,445			1,994
Mortgage payable, net		-			-			-			173,204			-			134,859
Total Liabilities		7,082			15,983			22,747			195,149			33,822			156,468
Members’ equity (deficit)
Members’ capital		330,639			384,786			325,830			100,241			347,837			83,745
Retained earnings (accumulated deficit)		(18,023	)		(8,295	)		(4,422	)		(29,065	)		(14,160	)		(29,939	)
Total members’ equity (deficit)		312,617			376,491			321,408			71,177			333,677			53,806
Total liabilities and members’ equity (deficit)	$	319,699		$	392,475		$	344,156		$	266,325		$	367,499		$	210,273

F-49

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Conway			Cove			Creekside		Creekwood			Cumberland		Cupcake
ASSETS
Current assets:
Cash	$	4,086		$	14,802		$	14,662	$	901		$	21,941	$	12,632
Other receivables		-			-			-		-			-		-
Prepaid expenses		1,280			502			526		2,404			513		682
Due from (to) third party property managers		8,675			5,204			5,355		3,534			4,650		1,626
Total current assets		14,041			20,509			20,542		6,838			27,104		14,941
Property and equipment, net	$	665,159		$	208,080		$	301,191	$	280,232		$	286,838	$	214,529
Deposits	$	3,250		$	1,595		$	2,395	$	1,795		$	1,695	$	1,595
Total assets	$	682,450		$	230,184		$	324,128	$	288,865		$	315,637	$	231,065
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	7,602		$	4,506		$	8,309	$	2,500		$	6,289	$	3,378
Due to (from) related parties		21,523			4,614			5,480		(7,847	)		6,330		302
Total Current liabilities		29,125			9,120			13,788		(5,347	)		12,618		3,680
Tenant deposits		3,250			1,595			2,395		1,795			1,695		1,595
Mortgage payable, net		-			-			-		141,105			-		150,091
Total Liabilities		32,375			10,715			16,183		137,553			14,313		155,366
Members’ equity (deficit)
Members’ capital		686,468			222,632			307,870		169,337			301,266		74,155
Retained earnings (accumulated deficit)		(36,393	)		(3,163	)		75		(18,024	)		58		1,544
Total members’ equity (deficit)		650,075			219,469			307,945		151,312			301,324		75,699
Total liabilities and members’ equity (deficit)	$	682,450		$	230,184		$	324,128	$	288,865		$	315,637	$	231,065

F-50

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Cypress			Daisy			Davidson			Dawson			Delta			Dewberry
ASSETS
Current assets:
Cash	$	20,606		$	18,365		$	2,931		$	-		$	1,789		$	-
Other receivables		-			-			-			-			-			-
Prepaid expenses		4,569			455			2,186			2,360			2,785			429
Due from (to) third party property managers		2,602			5,445			(2,972	)		6,088			(9,839	)		7,298
Total current assets		27,778			24,265			2,145			8,448			(5,265	)		7,726
Property and equipment, net	$	354,411		$	291,729		$	199,901		$	216,097		$	326,471		$	178,136
Deposits	$	2,395		$	1,695		$	1,806		$	1,745		$	-		$	4,785
Total assets	$	384,584		$	317,689		$	203,852		$	226,290		$	321,206		$	190,648
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	4,197		$	7,165		$	2,232		$	2,212		$	1,695		$	2,251
Due to (from) related parties		12,803			10,160			7,299			19,660			43,795			8,822
Total Current liabilities		17,000			17,325			9,531			21,872			45,490			11,073
Tenant deposits		2,395			1,695			1,806			1,745			-			4,785
Mortgage payable, net		178,936			-			145,281			144,222			224,506			119,432
Total Liabilities		198,331			19,020			156,619			167,839			269,996			135,290
Members’ equity (deficit)
Members’ capital		210,247			303,624			73,222			84,784			119,272			71,437
Retained earnings (accumulated deficit)		(23,994	)		(4,956	)		(25,988	)		(26,333	)		(68,063	)		(16,079	)
Total members’ equity (deficit)		186,253			298,668			47,233			58,451			51,210			55,358
Total liabilities and members’ equity (deficit)	$	384,584		$	317,689		$	203,852		$	226,290		$	321,206		$	190,648

F-51

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Diablo			Dogwood			Dolittle			Dolly			Dops			Dorchester
ASSETS
Current assets:
Cash	$	1,951		$	10,714		$	941		$	12,293		$	9,336		$	9,281
Other receivables		-			-			-			-			-			-
Prepaid expenses		1,779			642			1,868			905			446			1,428
Due from (to) third party property managers		6,978			9,121			6,276			9,490			8,809			6,054
Total current assets		10,708			20,478			9,086			22,689			18,590			16,763
Property and equipment, net	$	284,911		$	232,743		$	290,687		$	667,983		$	200,581		$	333,247
Deposits	$	2,145		$	2,243		$	3,443		$	6,390		$	-		$	2,195
Total assets	$	297,763		$	255,463		$	303,215		$	697,061		$	219,171		$	352,205
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	4,482		$	3,835		$	3,932		$	7,230		$	4,223		$	13,035
Due to (from) related parties		27,893			8,403			5,129			20,259			4,020			11,672
Total Current liabilities		32,375			12,238			9,061			27,489			8,243			24,707
Tenant deposits		2,145			2,243			3,443			6,390			2,093			2,195
Mortgage payable, net		205,745			-			205,431			-			-			-
Total Liabilities		240,265			14,481			217,935			33,879			10,335			26,902
Members’ equity (deficit)
Members’ capital		101,646			241,546			102,467			697,427			213,611			352,413
Retained earnings (accumulated deficit)		(44,148	)		(563	)		(17,187	)		(34,245	)		(4,775	)		(27,110	)
Total members’ equity (deficit)		57,498			240,982			85,280			663,182			208,836			325,303
Total liabilities and members’ equity (deficit)	$	297,763		$	255,463		$	303,215		$	697,061		$	219,171		$	352,205

F-52

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Dunbar			Duncan		Eagle			Eastfair			Eastwood			Elevation
ASSETS
Current assets:
Cash	$	829		$	-	$	8,998		$	3,306		$	27,058		$	554
Other receivables		-			-		-			-			-			-
Prepaid expenses		50			-		1,986			2,487			245			1,696
Due from (to) third party property managers		1,111			-		(494	)		(5,315	)		73			733
Total current assets		1,990			-		10,491			477			27,376			2,984
Property and equipment, net	$	324,690		$	-	$	269,037		$	201,546		$	318,890		$	262,577
Deposits	$	2,996		$	-	$	1,995		$	3,590		$	2,295		$	3,990
Total assets	$	329,675		$	-	$	281,523		$	205,613		$	348,561		$	269,551
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	4,720		$	-	$	3,945		$	2,436		$	3,485		$	2,239
Due to (from) related parties		39,697			-		(11,024	)		4,920			3,808			27,888
Total Current liabilities		44,417			-		(7,079	)		7,357			7,292			30,127
Tenant deposits		2,996			-		1,995			3,590			2,295			3,990
Mortgage payable, net		-			-		131,703			147,944			-			170,378
Total Liabilities		47,412			-		126,620			158,891			9,587			204,495
Members’ equity (deficit)
Members’ capital		325,733			-		156,130			63,228			347,943			103,194
Retained earnings (accumulated deficit)		(43,470	)		-		(1,226	)		(16,505	)		(8,970	)		(38,138	)
Total members’ equity (deficit)		282,263			-		154,904			46,722			338,973			65,056
Total liabilities and members’ equity (deficit)	$	329,675		$	-	$	281,523		$	205,613		$	348,561		$	269,551

F-53

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Ella			Ellen			Elm			Emporia			Ensenada			Falcon
ASSETS
Current assets:
Cash	$	16,261		$	18,340		$	1,155		$	333		$	19,001		$	13,791
Other receivables		-			-			-			-			-			-
Prepaid expenses		469			350			2,314			2,012			2,175			2,081
Due from (to) third party property managers		3,541			131			(532	)		79			9,732			73
Total current assets		20,272			18,821			2,937			2,424			30,908			15,945
Property and equipment, net	$	257,052		$	247,331		$	155,693		$	336,694		$	532,327		$	269,725
Deposits	$	1,795		$	2,693		$	1,495		$	2,495		$	3,295		$	1,950
Total assets	$	279,119		$	268,845		$	160,125		$	341,613		$	566,530		$	287,620
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	6,885		$	6,710		$	1,992		$	2,930		$	4,006		$	4,747
Due to (from) related parties		9,961			(1,925	)		5,986			10,361			9,791			(2,818	)
Total Current liabilities		16,846			4,786			7,978			13,291			13,797			1,929
Tenant deposits		1,795			2,693			1,495			2,495			3,295			1,950
Mortgage payable, net		-			-			105,817			242,578			388,577			131,694
Total Liabilities		18,641			7,478			115,289			258,364			405,669			135,573
Members’ equity (deficit)
Members’ capital		274,058			273,378			63,009			123,807			186,752			154,432
Retained earnings (accumulated deficit)		(13,580	)		(12,011	)		(18,173	)		(40,559	)		(25,891	)		(2,385	)
Total members’ equity (deficit)		260,478			261,367			44,836			83,249			160,861			152,047
Total liabilities and members’ equity (deficit)	$	279,119		$	268,845		$	160,125		$	341,613		$	566,530		$	287,620

F-54

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Felix			Fenwick			Fletcher			Folly			Forest			Foster
ASSETS
Current assets:
Cash	$	16,615		$	20,374		$	19,609		$	9,718		$	972		$	29,623
Other receivables		-			-			-			-			-			-
Prepaid expenses		334			518			127			1,217			3,723			327
Due from (to) third party property managers		6,432			5,591			3,674			6,804			(2,426	)		6,960
Total current assets		23,382			26,482			23,410			17,739			2,269			36,909
Property and equipment, net	$	253,322		$	298,020		$	175,261		$	308,116		$	341,123		$	311,537
Deposits	$	2,393		$	2,095		$	1,395		$	2,695		$	2,595		$	2,349
Total assets	$	279,097		$	326,597		$	200,066		$	328,550		$	345,987		$	350,795
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	6,672		$	6,085		$	2,383		$	10,776		$	1,335		$	11,021
Due to (from) related parties		8,089			4,499			4,564			19,397			35,596			4,964
Total Current liabilities		14,761			10,584			6,947			30,173			36,931			15,985
Tenant deposits		2,393			2,095			1,395			2,695			2,595			2,349
Mortgage payable, net		-			-			-			-			225,248			-
Total Liabilities		17,154			12,679			8,342			32,868			264,774			18,334
Members’ equity (deficit)
Members’ capital		267,339			321,039			199,420			318,420			137,025			337,311
Retained earnings (accumulated deficit)		(5,397	)		(7,121	)		(7,696	)		(22,738	)		(55,813	)		(4,850	)
Total members’ equity (deficit)		261,943			313,918			191,724			295,682			81,213			332,461
Total liabilities and members’ equity (deficit)	$	279,097		$	326,597		$	200,066		$	328,550		$	345,987		$	350,795

F-55

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Franklin			Gardens			General			Goose			Grant			Greenhill
ASSETS
Current assets:
Cash	$	12,417		$	2,979		$	16,134		$	12,548		$	7,131		$	1,823
Other receivables		-			(4,304	)		-			-			-			-
Prepaid expenses		523			1,889			467			2,113			2,526			2,332
Due from (to) third party property managers		2,528			1,439			(2,403	)		150			12,043			11,043
Total current assets		15,468			2,004			14,198			14,812			21,699			15,198
Property and equipment, net	$	302,320		$	217,726		$	314,801		$	250,723		$	355,029		$	312,415
Deposits	$	2,095		$	1,869		$	2,495		$	1,950		$	-		$	3,119
Total assets	$	319,883		$	221,599		$	331,494		$	267,484		$	376,728		$	330,732
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	8,266		$	2,714		$	7,757		$	3,853		$	2,954		$	3,223
Due to (from) related parties		(1,349	)		4,362			(485	)		(2,556	)		6,840			7,477
Total Current liabilities		6,917			7,076			7,272			1,297			9,793			10,700
Tenant deposits		2,095			1,869			2,495			1,950			-			3,119
Mortgage payable, net		-			134,830			-			122,630			256,502			225,483
Total Liabilities		9,012			143,774			9,767			125,877			266,295			239,302
Members’ equity (deficit)
Members’ capital		326,200			91,021			342,938			143,936			130,632			104,882
Retained earnings (accumulated deficit)		(15,329	)		(13,196	)		(21,211	)		(2,328	)		(20,199	)		(13,451	)
Total members’ equity (deficit)		310,871			77,825			321,727			141,607			110,433			91,431
Total liabilities and members’ equity (deficit)	$	319,883		$	221,599		$	331,494		$	267,484		$	376,728		$	330,732

F-56

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Gretal			Grove			Hadden			Hansard			Hansel			Hargrave
ASSETS
Current assets:
Cash	$	21,406		$	436		$	6,140		$	23,034		$	12,324		$	461
Other receivables		-			-			-			-			-			-
Prepaid expenses		640			1,507			1,860			419			2,753			199
Due from (to) third party property managers		7,145			5,478			9,978			6,369			6,238			(610	)
Total current assets		29,190			7,421			17,977			29,821			21,315			51
Property and equipment, net	$	439,325		$	226,418		$	210,849		$	297,391		$	394,085		$	233,379
Deposits	$	2,395		$	1,869		$	1,645		$	2,450		$	2,095		$	-
Total assets	$	470,910		$	235,707		$	230,471		$	329,662		$	417,495		$	233,430
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	7,505		$	2,050		$	2,979		$	8,895		$	3,605		$	2,986
Due to (from) related parties		9,435			8,770			4,708			4,845			18,196			234,527
Total Current liabilities		16,940			10,819			7,688			13,740			21,801			237,513
Tenant deposits		2,395			1,869			1,645			2,450			2,095			-
Mortgage payable, net		-			155,681			141,790			-			197,418			-
Total Liabilities		19,335			168,369			151,123			16,190			221,314			237,513
Members’ equity (deficit)
Members’ capital		469,906			82,745			85,741			315,246			229,179			1,843
Retained earnings (accumulated deficit)		(18,331	)		(15,407	)		(6,392	)		(1,774	)		(32,998	)		(5,926	)
Total members’ equity (deficit)		451,575			67,338			79,348			313,472			196,181			(4,083	)
Total liabilities and members’ equity (deficit)	$	470,910		$	235,707		$	230,471		$	329,662		$	417,495		$	233,430

F-57

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Harrison			Henry			Heritage			Heron			Highland			Hines
ASSETS
Current assets:
Cash	$	6,309		$	2,683		$	23,848		$	330		$	8,230		$	6,818
Other receivables		-			-			-			-			-			-
Prepaid expenses		2,072			473			2,911			2,023			240			270
Due from (to) third party property managers		8,695			(1,147	)		2,340			10,902			6,333			4,794
Total current assets		17,076			2,009			29,099			13,256			14,804			11,882
Property and equipment, net	$	444,477		$	416,767		$	284,227		$	280,413		$	277,912		$	254,925
Deposits	$	3,145		$	2,450		$	1,995		$	2,369		$	2,843		$	1,845
Total assets	$	464,697		$	421,226		$	315,321		$	296,038		$	295,558		$	268,652
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	4,735		$	2,962		$	2,335		$	3,330		$	7,928		$	4,951
Due to (from) related parties		(5,783	)		31,565			33,251			5,275			8,854			12,068
Total Current liabilities		(1,048	)		34,527			35,586			8,605			16,783			17,018
Tenant deposits		3,145			2,450			1,995			2,369			2,843			1,845
Mortgage payable, net		224,650			-			200,854			198,769			-			-
Total Liabilities		226,747			36,977			238,435			209,742			19,625			18,863
Members’ equity (deficit)
Members’ capital		256,988			423,215			102,206			100,965			282,634			257,932
Retained earnings (accumulated deficit)		(19,038	)		(38,966	)		(25,320	)		(14,669	)		(6,701	)		(8,143	)
Total members’ equity (deficit)		237,950			384,249			76,886			86,296			275,933			249,789
Total liabilities and members’ equity (deficit)	$	464,697		$	421,226		$	315,321		$	296,038		$	295,558		$	268,652

F-58

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Hobbes			Holcomb			Holland			Hollandaise			Holloway			Inglewood
ASSETS
Current assets:
Cash	$	22,214		$	30,016		$	350		$	5,398		$	38		$	12,751
Other receivables		-			-			-			-			-			-
Prepaid expenses		199			(29	)		2,103			2,023			2,015			1,676
Due from (to) third party property managers		(726	)		222			5,536			16,343			8,715			10,180
Total current assets		21,688			30,209			7,990			23,763			10,767			24,607
Property and equipment, net	$	233,684		$	343,019		$	199,416		$	351,137		$	318,591		$	659,619
Deposits	$	-		$	2,095		$	2,168		$	2,295		$	3,119		$	3,645
Total assets	$	255,372		$	375,323		$	209,573		$	377,196		$	332,477		$	687,871
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,974		$	5,234		$	2,042		$	2,815		$	3,253		$	10,065
Due to (from) related parties		(683	)		20,805			3,119			4,163			7,568			13,152
Total Current liabilities		2,291			26,039			5,161			6,978			10,821			23,217
Tenant deposits		-			2,095			2,168			2,295			3,119			3,645
Mortgage payable, net		-			-			145,287			252,997			218,295			-
Total Liabilities		2,291			28,134			152,615			262,270			232,234			26,862
Members’ equity (deficit)
Members’ capital		261,828			359,391			84,392			138,465			124,068			693,953
Retained earnings (accumulated deficit)		(8,747	)		(12,202	)		(27,435	)		(23,539	)		(23,825	)		(32,943	)
Total members’ equity (deficit)		253,081			347,189			56,958			114,926			100,243			661,009
Total liabilities and members’ equity (deficit)	$	255,372		$	375,323		$	209,573		$	377,196		$	332,477		$	687,871

F-59

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Irene			Jack			Jake			Jefferson			Jill			Johnny
ASSETS
Current assets:
Cash	$	22,155		$	5,559		$	6,324		$	17,923		$	4,740		$	33,784
Other receivables		-			-			-			-			-			-
Prepaid expenses		211			2,280			1,145			1,165			4,102			739
Due from (to) third party property managers		(568	)		7,692			4,674			6,265			6,709			10,266
Total current assets		21,798			15,532			12,143			25,352			15,551			44,790
Property and equipment, net	$	175,261		$	404,310		$	569,206		$	269,271		$	389,228		$	567,288
Deposits	$	1,395		$	2,995		$	2,895		$	2,595		$	2,195		$	3,795
Total assets	$	198,454		$	422,837		$	584,244		$	297,218		$	406,974		$	615,873
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,628		$	2,619		$	11,832		$	8,177		$	3,480		$	8,545
Due to (from) related parties		2,929			10,845			20,643			3,576			(4,475	)		65,634
Total Current liabilities		5,557			13,464			32,475			11,753			(995	)		74,179
Tenant deposits		1,395			2,995			2,895			2,595			2,195			3,795
Mortgage payable, net		-			286,877			-			-			196,544			-
Total Liabilities		6,952			303,336			35,370			14,348			197,744			77,974
Members’ equity (deficit)
Members’ capital		200,070			146,770			588,435			286,804			228,922			583,323
Retained earnings (accumulated deficit)		(8,568	)		(27,270	)		(39,561	)		(3,934	)		(19,692	)		(45,424	)
Total members’ equity (deficit)		191,502			119,501			548,874			282,870			209,230			537,900
Total liabilities and members’ equity (deficit)	$	198,454		$	422,837		$	584,244		$	297,218		$	406,974		$	615,873

F-60

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	June			Jupiter			Kawana			Kennesaw			Kenny			KerriAnn
ASSETS
Current assets:
Cash	$	13,071		$	4,172		$	2,520		$	28,570		$	15,768		$	10,143
Other receivables		-			-			-			-			-			-
Prepaid expenses		740			1,130			2,004			709			905			961
Due from (to) third party property managers		9,784			7,006			7,036			3,106			9,234			4,919
Total current assets		23,595			12,308			11,560			32,385			25,907			16,024
Property and equipment, net	$	567,288		$	199,227		$	264,371		$	411,471		$	667,983		$	322,408
Deposits	$	3,545		$	1,869		$	2,543		$	2,495		$	3,095		$	2,369
Total assets	$	594,428		$	213,404		$	278,473		$	446,351		$	696,985		$	340,800
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	12,323		$	2,070		$	2,731		$	4,250		$	7,558		$	2,421
Due to (from) related parties		37,312			7,141			(3,235	)		24,700			12,894			17,389
Total Current liabilities		49,635			9,211			(503	)		28,950			20,452			19,811
Tenant deposits		3,545			1,869			2,543			2,495			3,095			2,369
Mortgage payable, net		-			138,087			190,440			-			-			235,553
Total Liabilities		53,180			149,167			192,479			31,445			23,547			257,733
Members’ equity (deficit)
Members’ capital		583,178			83,593			96,804			428,327			697,315			121,882
Retained earnings (accumulated deficit)		(41,930	)		(19,356	)		(10,811	)		(13,421	)		(23,878	)		(38,815	)
Total members’ equity (deficit)		541,248			64,237			85,994			414,906			673,437			83,068
Total liabilities and members’ equity (deficit)	$	594,428		$	213,404		$	278,473		$	446,351		$	696,985		$	340,800

F-61

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Kessler			Kingsley			Kirkwood			Korin			Lallie			Lanier
ASSETS
Current assets:
Cash	$	1,471		$	-		$	3,527		$	21,973		$	515		$	10,134
Other receivables		-			-			-			-			-			-
Prepaid expenses		1,109			411			2,462			316			514			3,036
Due from (to) third party property managers		4,796			7,326			4,669			5,790			(1,579	)		(235	)
Total current assets		7,377			7,737			10,658			28,079			(550	)		12,935
Property and equipment, net	$	254,464		$	295,374		$	252,044		$	272,326		$	357,973		$	369,293
Deposits	$	1,595		$	2,869		$	2,393		$	1,995		$	-		$	2,295
Total assets	$	263,436		$	305,980		$	265,094		$	302,400		$	357,423		$	384,523
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,188		$	3,092		$	3,082		$	8,491		$	1,571		$	2,820
Due to (from) related parties		3,043			9,071			6,035			8,175			39,623			5,481
Total Current liabilities		5,232			12,162			9,116			16,666			41,194			8,301
Tenant deposits		1,595			2,869			2,393			1,995			-			2,295
Mortgage payable, net		125,217			212,350			180,003			-			237,617			261,322
Total Liabilities		132,044			227,381			191,511			18,661			278,810			271,918
Members’ equity (deficit)
Members’ capital		149,628			100,776			91,257			285,974			123,321			132,004
Retained earnings (accumulated deficit)		(18,235	)		(22,177	)		(17,674	)		(2,236	)		(44,709	)		(19,399	)
Total members’ equity (deficit)		131,393			78,599			73,583			283,739			78,613			112,605
Total liabilities and members’ equity (deficit)	$	263,436		$	305,980		$	265,094		$	302,400		$	357,423		$	384,523

F-62

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Lannister			Latte			Lennox			Lierly		Lily			Limestone
ASSETS
Current assets:
Cash	$	797		$	9,117		$	4,237		$	21,077	$	5,397		$	1,897
Other receivables		-			-			-			-		-			-
Prepaid expenses		3,432			723			931			295		4,660			1,025
Due from (to) third party property managers		4,094			9,945			3,560			831		7,687			(5,182	)
Total current assets		8,323			19,786			8,727			22,204		17,745			(2,261	)
Property and equipment, net	$	173,539		$	353,266		$	203,140		$	197,735	$	504,543		$	275,655
Deposits	$	1,943		$	3,293		$	1,695		$	1,750	$	2,395		$	3,293
Total assets	$	183,805		$	376,344		$	213,562		$	221,688	$	524,683		$	276,686
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	1,997		$	3,802		$	2,924		$	7,536	$	2,068		$	1,542
Due to (from) related parties		10,613			11,124			5,444			6,663		65,815			(5,721	)
Total Current liabilities		12,610			14,927			8,368			14,199		67,883			(4,178	)
Tenant deposits		1,943			3,293			1,695			1,750		2,395			3,293
Mortgage payable, net		112,602			-			137,782			129,743		308,645			200,898
Total Liabilities		127,154			18,219			147,844			145,692		378,923			200,012
Members’ equity (deficit)
Members’ capital		77,946			360,828			78,810			73,130		211,475			108,182
Retained earnings (accumulated deficit)		(21,295	)		(2,703	)		(13,092	)		2,867		(65,715	)		(31,508	)
Total members’ equity (deficit)		56,650			358,125			65,718			75,997		145,760			76,674
Total liabilities and members’ equity (deficit)	$	183,805		$	376,344		$	213,562		$	221,688	$	524,683		$	276,686

F-63

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Litton			Longwoods			Lookout			Loretta			Louis			Louise
ASSETS
Current assets:
Cash	$	9,012		$	21,591		$	9,326		$	10,811		$	23,129		$	7,859
Other receivables		-			-			-			-			-			-
Prepaid expenses		554			532			452			1,280			562			2,283
Due from (to) third party property managers		6,564			3,958			5,827			8,996			6,847			6,765
Total current assets		16,130			26,081			15,605			21,087			30,538			16,908
Property and equipment, net	$	313,889		$	267,766		$	333,483		$	664,780		$	267,683		$	265,226
Deposits	$	2,445		$	1,995		$	2,145		$	3,445		$	1,895		$	2,369
Total assets	$	332,464		$	295,842		$	351,232		$	689,312		$	300,116		$	284,503
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	4,629		$	9,648		$	5,346		$	7,579		$	5,359		$	3,055
Due to (from) related parties		(6,877	)		2,868			10,232			15,350			4,387			5,039
Total Current liabilities		(2,248	)		12,516			15,577			22,928			9,747			8,094
Tenant deposits		2,445			1,995			2,145			3,445			1,895			2,369
Mortgage payable, net		156,867			-			-			-			-			180,008
Total Liabilities		157,064			14,511			17,722			26,373			11,642			190,471
Members’ equity (deficit)
Members’ capital		181,077			291,212			339,063			678,794			293,870			101,524
Retained earnings (accumulated deficit)		(5,676	)		(9,881	)		(5,553	)		(15,856	)		(5,396	)		(7,493	)
Total members’ equity (deficit)		175,400			281,331			333,510			662,939			288,474			94,031
Total liabilities and members’ equity (deficit)	$	332,464		$	295,842		$	351,232		$	689,312		$	300,116		$	284,503

F-64

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Lovejoy			Luna			Lurleen			Madison			Mae			Magnolia
ASSETS
Current assets:
Cash	$	977		$	2,813		$	109		$	2,797		$	13,420		$	24,684
Other receivables		-			-			-			-			-			-
Prepaid expenses		1,828			836			510			977			756			1,282
Due from (to) third party property managers		(346	)		(3,791	)		(3,154	)		(2,159	)		12,854			1,984
Total current assets		2,459			(142	)		(2,535	)		1,615			27,030			27,950
Property and equipment, net	$	282,429		$	201,546		$	221,497		$	198,877		$	342,907		$	246,933
Deposits	$	1,995		$	1,750		$	1,695		$	1,449		$	4,190		$	1,795
Total assets	$	286,883		$	203,153		$	220,657		$	201,941		$	374,128		$	276,679
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,805		$	3,131		$	3,269		$	2,152		$	12,627		$	2,232
Due to (from) related parties		6,547			5,268			(3,153	)		10,196			8,458			31,802
Total Current liabilities		9,352			8,400			116			12,348			21,085			34,034
Tenant deposits		1,995			1,750			1,695			1,449			4,190			1,795
Mortgage payable, net		202,958			147,944			107,800			99,848			-			170,986
Total Liabilities		214,305			158,094			109,611			113,644			25,275			206,815
Members’ equity (deficit)
Members’ capital		101,235			65,905			128,594			118,216			355,761			91,219
Retained earnings (accumulated deficit)		(28,658	)		(20,845	)		(17,548	)		(29,919	)		(6,908	)		(21,355	)
Total members’ equity (deficit)		72,578			45,060			111,046			88,297			348,853			69,864
Total liabilities and members’ equity (deficit)	$	286,883		$	203,153		$	220,657		$	201,941		$	374,128		$	276,679

F-65

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Malbec			Mammoth			Marcelo			Marie			Marietta			Marion
ASSETS
Current assets:
Cash	$	13,690		$	5,883		$	15,306		$	22,860		$	1,099		$	21,583
Other receivables		-			-			-			-			-			-
Prepaid expenses		458			2,445			295			439			1,889			1,169
Due from (to) third party property managers		(5,721	)		(7,912	)		4,994			7,341			(382	)		2,989
Total current assets		8,427			416			20,595			30,640			2,606			25,741
Property and equipment, net	$	298,434		$	327,989		$	276,392		$	313,411		$	293,705		$	258,246
Deposits	$	2,195		$	2,095		$	1,945		$	2,745		$	2,095		$	1,795
Total assets	$	309,056		$	330,500		$	298,932		$	346,796		$	298,405		$	285,782
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	3,265		$	1,335		$	5,050		$	9,647		$	2,947		$	7,641
Due to (from) related parties		7,235			11,422			8,874			4,123			584			10,553
Total Current liabilities		10,500			12,757			13,924			13,770			3,530			18,194
Tenant deposits		2,195			2,095			1,945			2,745			2,095			1,795
Mortgage payable, net		204,900			235,613			-			-			148,320			-
Total Liabilities		217,595			250,465			15,869			16,515			153,946			19,989
Members’ equity (deficit)
Members’ capital		104,352			119,439			294,851			331,273			172,225			280,442
Retained earnings (accumulated deficit)		(12,891	)		(39,404	)		(11,787	)		(991	)		(27,766	)		(14,649	)
Total members’ equity (deficit)		91,461			80,035			283,064			330,281			144,459			265,793
Total liabilities and members’ equity (deficit)	$	309,056		$	330,500		$	298,932		$	346,796		$	298,405		$	285,782

F-66

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Marple			Martell			Mary			Matchingham			McGregor			McLovin
ASSETS
Current assets:
Cash	$	13,821		$	14,172		$	15,677		$	8,340		$	9,748		$	4,318
Other receivables		-			-			-			-			-			-
Prepaid expenses		222			563			481			800			150			2,690
Due from (to) third party property managers		3,027			(1,276	)		5,920			6,841			5,471			8,910
Total current assets		17,070			13,459			22,078			15,981			15,369			15,918
Property and equipment, net	$	174,457		$	258,391		$	269,971		$	199,842		$	289,920		$	501,918
Deposits	$	2,093		$	-		$	2,095		$	1,795		$	1,895		$	3,495
Total assets	$	193,620		$	271,849		$	294,144		$	217,618		$	307,184		$	521,332
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	5,260		$	4,256		$	7,434		$	3,524		$	7,519		$	3,999
Due to (from) related parties		1,156			4,410			1,957			4,707			10,337			9,584
Total Current liabilities		6,416			8,667			9,392			8,230			17,856			13,583
Tenant deposits		2,093			-			2,095			1,795			1,895			3,495
Mortgage payable, net		-			-			-			144,649			-			364,228
Total Liabilities		8,508			8,667			11,487			154,675			19,751			381,305
Members’ equity (deficit)
Members’ capital		193,734			282,790			289,647			69,057			297,876			171,498
Retained earnings (accumulated deficit)		(8,623	)		(19,607	)		(6,990	)		(6,114	)		(10,443	)		(31,472	)
Total members’ equity (deficit)		185,111			263,183			282,657			62,943			287,433			140,027
Total liabilities and members’ equity (deficit)	$	193,620		$	271,849		$	294,144		$	217,618		$	307,184		$	521,332

F-67

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Meadow			Mimosa			Mojave			Murphy			Mycroft			Nugget
ASSETS
Current assets:
Cash	$	1,014		$	2,442		$	10,626		$	8,272		$	15,368		$	15,822
Other receivables		-			-			-			-			-			-
Prepaid expenses		1,456			368			587			1,732			226			600
Due from (to) third party property managers		8,019			7,669			725			9,006			3,995			8,428
Total current assets		10,489			10,479			11,938			19,010			19,588			24,850
Property and equipment, net	$	302,704		$	206,826		$	228,514		$	281,290		$	178,409		$	541,108
Deposits	$	-		$	1,495		$	1,096		$	2,295		$	1,395		$	3,295
Total assets	$	313,192		$	218,800		$	241,548		$	302,594		$	199,392		$	569,253
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,547		$	3,134		$	2,892		$	4,564		$	5,363		$	14,298
Due to (from) related parties		629			(2,133	)		10,280			5,865			2,997			24,205
Total Current liabilities		3,176			1,000			13,172			10,429			8,360			38,503
Tenant deposits		-			1,495			1,596			2,295			1,395			3,295
Mortgage payable, net		212,715			105,484			160,110			205,125			-			-
Total Liabilities		215,892			107,980			174,877			217,849			9,755			41,798
Members’ equity (deficit)
Members’ capital		129,802			123,043			71,377			97,413			196,027			545,466
Retained earnings (accumulated deficit)		(32,501	)		(12,222	)		(4,707	)		(12,668	)		(6,390	)		(18,012	)
Total members’ equity (deficit)		97,301			110,821			66,670			84,745			189,637			527,454
Total liabilities and members’ equity (deficit)	$	313,192		$	218,800		$	241,548		$	302,594		$	199,392		$	569,253

F-68

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Odessa			Olive			Oly			Onyx			Oscar			Osceola
ASSETS
Current assets:
Cash	$	647		$	306		$	12,870		$	13,900		$	44,726		$	16,995
Other receivables		-			-			-			-			-			-
Prepaid expenses		2,825			1,778			2,367			-			752			2,196
Due from (to) third party property managers		(221	)		1,622			7,787			2,183			(23,223	)		35
Total current assets		3,250			3,706			23,025			16,084			22,255			19,226
Property and equipment, net	$	504,017		$	220,863		$	502,542		$	337,397		$	254,448		$	278,508
Deposits	$	4,193		$	1,895		$	2,795		$	2,295		$	-		$	1,696
Total assets	$	511,460		$	226,464		$	528,362		$	355,776		$	276,703		$	299,430
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,648		$	2,775		$	3,551		$	7,699		$	6,425		$	7,840
Due to (from) related parties		26,228			8,934			8,577			5,740			14,625			5,420
Total Current liabilities		28,876			11,709			12,128			13,438			21,050			13,260
Tenant deposits		4,193			1,895			2,795			2,295			-			1,696
Mortgage payable, net		371,208			124,257			364,932			-			-			-
Total Liabilities		404,277			137,861			379,855			15,733			21,050			14,956
Members’ equity (deficit)
Members’ capital		184,625			113,328			170,998			347,900			274,542			306,396
Retained earnings (accumulated deficit)		(77,442	)		(24,726	)		(22,491	)		(7,857	)		(18,889	)		(21,922	)
Total members’ equity (deficit)		107,183			88,603			148,506			340,043			255,653			284,474
Total liabilities and members’ equity (deficit)	$	511,460		$	226,464		$	528,362		$	355,776		$	276,703		$	299,430

F-69

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Osprey			Otoro			Palmer			Patrick			Peanut			Pearl
ASSETS
Current assets:
Cash	$	12,831		$	1,822		$	22,375		$	8,850		$	167		$	24,130
Other receivables		-			-			-			-			-			-
Prepaid expenses		1,094			1,556			509			310			991			759
Due from (to) third party property managers		11,792			5,391			(1,230	)		(194	)		8,249			(4,998	)
Total current assets		25,718			8,768			21,654			8,965			9,407			19,891
Property and equipment, net	$	343,233		$	384,313		$	296,442		$	199,594		$	207,503		$	527,387
Deposits	$	4,590		$	-		$	-		$	1,575		$	2,093		$	2,795
Total assets	$	373,540		$	393,081		$	318,096		$	210,134		$	219,002		$	550,073
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	13,008		$	1,335		$	5,549		$	5,958		$	2,316		$	9,185
Due to (from) related parties		10,284			55,573			8,014			6,129			954			20,250
Total Current liabilities		23,291			56,908			13,563			12,088			3,270			29,435
Tenant deposits		4,590			-			-			1,575			2,093			2,795
Mortgage payable, net		-			271,756			-			107,829			145,256			-
Total Liabilities		27,881			328,664			13,563			121,491			150,618			32,230
Members’ equity (deficit)
Members’ capital		354,430			134,632			317,249			93,644			77,098			546,949
Retained earnings (accumulated deficit)		(8,771	)		(70,215	)		(12,715	)		(5,001	)		(8,714	)		(29,107	)
Total members’ equity (deficit)		345,659			64,418			304,533			88,643			68,384			517,843
Total liabilities and members’ equity (deficit)	$	373,540		$	393,081		$	318,096		$	210,134		$	219,002		$	550,073

F-70

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Pecan		Peterson			Piedmont			Pinot			Pioneer			Plumtree
ASSETS
Current assets:
Cash	$	18,851	$	21,117		$	3,086		$	16,588		$	7,950		$	23,770
Other receivables		-		-			-			-			-			-
Prepaid expenses		285		239			1,834			1,229			791			280
Due from (to) third party property managers		940		(1,809	)		7,337			(2,850	)		9,232			1,694
Total current assets		20,076		19,547			12,257			14,967			17,974			25,744
Property and equipment, net	$	192,509	$	226,079		$	372,038		$	301,313		$	567,492		$	185,939
Deposits	$	3,613	$	1,595		$	2,295		$	2,195		$	3,445		$	3,000
Total assets	$	216,199	$	247,221		$	386,589		$	318,475		$	588,911		$	214,683
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	7,087	$	2,811		$	3,061		$	3,418		$	12,112		$	7,378
Due to (from) related parties		6,964		(1,388	)		(8,808	)		7,905			21,271			7,914
Total Current liabilities		14,051		1,423			(5,747	)		11,324			33,383			15,292
Tenant deposits		3,613		1,595			2,295			2,195			3,445			3,000
Mortgage payable, net		112,381		-			187,900			207,026			-			109,972
Total Liabilities		130,045		3,018			184,448			220,545			36,828			128,264
Members’ equity (deficit)
Members’ capital		84,667		253,685			225,791			105,095			576,794			82,118
Retained earnings (accumulated deficit)		1,488		(9,482	)		(23,649	)		(7,165	)		(24,711	)		4,301
Total members’ equity (deficit)		86,154		244,203			202,141			97,930			552,083			86,419
Total liabilities and members’ equity (deficit)	$	216,199	$	247,221		$	386,589		$	318,475		$	588,911		$	214,683

F-71

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Point			Porthos			Quincy			Redondo			Regency			Reginald
ASSETS
Current assets:
Cash	$	8,937		$	28,240		$	6,547		$	1,352		$	8,982		$	12,317
Other receivables		-			-			-			-			-			-
Prepaid expenses		3,523			948			538			535			1,005			706
Due from (to) third party property managers		9,586			4,125			7,283			8,413			6,577			4,750
Total current assets		22,046			33,314			14,368			10,300			16,564			17,774
Property and equipment, net	$	368,372		$	300,696		$	529,780		$	306,357		$	270,413		$	428,662
Deposits	$	2,295		$	2,295		$	2,695		$	2,695		$	3,793		$	4,293
Total assets	$	392,713		$	336,305		$	546,842		$	319,352		$	290,769		$	450,728
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,829		$	11,717		$	9,939		$	5,276		$	7,765		$	4,031
Due to (from) related parties		8,269			5,079			30,900			504			(6,887	)		29,727
Total Current liabilities		11,098			16,796			40,839			5,780			878			33,758
Tenant deposits		2,295			2,295			2,695			2,695			3,793			4,293
Mortgage payable, net		265,145			-			-			154,481			134,750			-
Total Liabilities		278,538			19,091			43,534			162,956			139,420			38,050
Members’ equity (deficit)
Members’ capital		132,426			323,813			549,468			179,456			155,523			445,802
Retained earnings (accumulated deficit)		(18,250	)		(6,600	)		(46,160	)		(23,060	)		(4,174	)		(33,124	)
Total members’ equity (deficit)		114,176			317,214			503,308			156,396			151,349			412,678
Total liabilities and members’ equity (deficit)	$	392,713		$	336,305		$	546,842		$	319,352		$	290,769		$	450,728

F-72

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Reynolds			Ribbonwalk			Richardson			Richmond			Ridge			Ritter
ASSETS
Current assets:
Cash	$	34,185		$	287		$	19,245		$	2,672		$	1,258		$	6,086
Other receivables		-			-			-			-			-			-
Prepaid expenses		916			1,743			571			347			1,189			766
Due from (to) third party property managers		2,325			12,780			5,040			(2,076	)		10,377			2,143
Total current assets		37,425			14,810			24,856			942			12,824			8,995
Property and equipment, net	$	416,302		$	302,694		$	304,886		$	381,043		$	204,077		$	487,565
Deposits	$	2,495		$	1,995		$	1,995		$	2,695		$	2,543		$	3,500
Total assets	$	456,222		$	319,499		$	331,737		$	384,681		$	219,443		$	500,060
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	4,776		$	2,444		$	8,115		$	3,798		$	2,916		$	4,015
Due to (from) related parties		22,444			13,541			7,713			384,342			5,338			23,691
Total Current liabilities		27,220			15,986			15,827			388,140			8,254			27,706
Tenant deposits		2,495			1,995			1,995			2,695			2,543			3,500
Mortgage payable, net		-			221,746			-			-			138,425			-
Total Liabilities		29,715			239,726			17,822			390,835			149,222			31,206
Members’ equity (deficit)
Members’ capital		431,579			114,072			324,069			2,682			79,257			514,931
Retained earnings (accumulated deficit)		(5,072	)		(34,299	)		(10,155	)		(8,836	)		(9,036	)		(46,076	)
Total members’ equity (deficit)		426,507			79,773			313,915			(6,154	)		70,221			468,854
Total liabilities and members’ equity (deficit)	$	456,222		$	319,499		$	331,737		$	384,681		$	219,443		$	500,060

F-73

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	River			Riverwalk			Rooney			Roseberry			Rosewood			Roxy
ASSETS
Current assets:
Cash	$	8,965		$	11,665		$	3,987		$	2,190		$	2,222		$	4,069
Other receivables		-			-			-			-			-			-
Prepaid expenses		1,348			382			2,878			1,479			983			1,220
Due from (to) third party property managers		3,469			9,621			6,628			8,910			7,098			6,210
Total current assets		13,782			21,667			13,493			12,578			10,302			11,499
Property and equipment, net	$	249,940		$	382,628		$	352,805		$	308,394		$	260,945		$	314,285
Deposits	$	2,993		$	4,790		$	2,095		$	3,443		$	2,768		$	1,995
Total assets	$	266,715		$	409,085		$	368,393		$	324,415		$	274,015		$	327,779
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	3,466		$	2,933		$	2,428		$	3,243		$	2,059		$	2,194
Due to (from) related parties		6,833			14,489			12,321			10,305			6,187			15,726
Total Current liabilities		10,299			17,422			14,749			13,548			8,247			17,921
Tenant deposits		2,993			4,790			2,095			3,443			2,768			1,995
Mortgage payable, net		170,378			-			256,502			209,104			186,953			218,230
Total Liabilities		183,669			22,212			273,346			226,094			197,967			238,146
Members’ equity (deficit)
Members’ capital		94,431			392,540			128,669			110,481			96,986			116,601
Retained earnings (accumulated deficit)		(11,386	)		(5,666	)		(33,622	)		(12,160	)		(20,939	)		(26,968	)
Total members’ equity (deficit)		83,045			386,873			95,046			98,321			76,048			89,633
Total liabilities and members’ equity (deficit)	$	266,715		$	409,085		$	368,393		$	324,415		$	274,015		$	327,779

F-74

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Saddlebred			Saint			Sajni			Salem			Salinas			Saturn
ASSETS
Current assets:
Cash	$	9,534		$	21,695		$	6,958		$	10,972		$	14,381		$	4,379
Other receivables		1,377			-			-			-			-			-
Prepaid expenses		2,023			1,685			953			1,631			251			1,185
Due from (to) third party property managers		8,882			5,730			7,579			2,529			(10,745	)		5,527
Total current assets		21,815			29,109			15,489			15,133			3,887			11,091
Property and equipment, net	$	459,829		$	306,883		$	307,597		$	298,399		$	233,538		$	207,061
Deposits	$	4,168		$	2,495		$	2,745		$	2,195		$	1,945		$	1,806
Total assets	$	485,812		$	338,487		$	325,831		$	315,728		$	239,370		$	219,958
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,522		$	3,109		$	5,752		$	3,199		$	4,818		$	2,266
Due to (from) related parties		28,291			13,578			13,547			6,918			19,881			12,764
Total Current liabilities		30,813			16,687			19,298			10,117			24,699			15,030
Tenant deposits		4,168			2,495			2,745			2,195			1,945			1,806
Mortgage payable, net		329,500			209,801			-			208,794			-			138,092
Total Liabilities		364,480			228,983			22,043			221,106			26,644			154,928
Members’ equity (deficit)
Members’ capital		172,313			114,010			311,917			101,124			243,609			87,756
Retained earnings (accumulated deficit)		(50,981	)		(4,506	)		(8,128	)		(6,503	)		(30,883	)		(22,726	)
Total members’ equity (deficit)		121,332			109,504			303,788			94,622			212,726			65,030
Total liabilities and members’ equity (deficit)	$	485,812		$	338,487		$	325,831		$	315,728		$	239,370		$	219,958

F-75

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Scepter			Sequoyah			Shallowford			Shoreline			Sigma			Simon
ASSETS
Current assets:
Cash	$	4,796		$	2,000		$	4,335		$	-		$	7,893		$	18,491
Other receivables		-			-			-			-			-			-
Prepaid expenses		1,836			551			2,046			1,285			1,830			470
Due from (to) third party property managers		4,967			5,267			6,043			4,747			6,385			5,614
Total current assets		11,598			7,818			12,424			6,033			16,108			24,576
Property and equipment, net	$	257,539		$	242,237		$	349,964		$	291,210		$	365,193		$	288,283
Deposits	$	1,795		$	1,795		$	2,545		$	2,295		$	2,869		$	2,095
Total assets	$	270,932		$	251,850		$	364,933		$	299,538		$	384,169		$	314,954
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,149		$	5,650		$	3,664		$	2,857		$	3,160		$	8,259
Due to (from) related parties		9,228			2,493			520			10,715			3,442			2,543
Total Current liabilities		11,376			8,143			4,183			13,572			6,602			10,801
Tenant deposits		1,795			1,795			2,545			2,295			2,869			2,095
Mortgage payable, net		186,989			121,572			176,630			209,988			266,914			-
Total Liabilities		200,160			131,510			183,358			225,855			276,384			12,896
Members’ equity (deficit)
Members’ capital		95,066			143,329			206,811			101,612			127,120			310,236
Retained earnings (accumulated deficit)		(24,294	)		(22,989	)		(25,236	)		(27,929	)		(19,335	)		(8,179	)
Total members’ equity (deficit)		70,772			120,340			181,574			73,683			107,785			302,058
Total liabilities and members’ equity (deficit)	$	270,932		$	251,850		$	364,933		$	299,538		$	384,169		$	314,954

F-76

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Sims			Soapstone			Sodalis			Spencer			Splash			Spring
ASSETS
Current assets:
Cash	$	17,985		$	16,910		$	5,917		$	597		$	13,815		$	9,230
Other receivables		-			-			-			-			-			-
Prepaid expenses		478			266			355			1,554			409			404
Due from (to) third party property managers		4,951			2,669			6,337			8,147			18			8,685
Total current assets		23,414			19,845			12,608			10,298			14,241			18,320
Property and equipment, net	$	271,179		$	202,333		$	280,566		$	281,901		$	201,639		$	239,799
Deposits	$	2,768		$	(250	)	$	2,000		$	2,349		$	1,550		$	1,695
Total assets	$	297,361		$	221,929		$	295,174		$	294,548		$	217,431		$	259,813
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	5,368		$	6,596		$	6,474		$	4,117		$	6,027		$	9,426
Due to (from) related parties		3,917			6,490			7,811			7,078			8,258			4,994
Total Current liabilities		9,286			13,086			14,285			11,195			14,285			14,420
Tenant deposits		2,768			1,600			2,000			2,349			1,550			1,695
Mortgage payable, net		-			126,898			-			192,533			121,870			-
Total Liabilities		12,053			141,584			16,285			206,077			137,705			16,115
Members’ equity (deficit)
Members’ capital		294,434			80,286			295,778			103,923			83,957			249,661
Retained earnings (accumulated deficit)		(9,127	)		59			(16,889	)		(15,452	)		(4,231	)		(5,963	)
Total members’ equity (deficit)		285,308			80,345			278,889			88,471			79,726			243,698
Total liabilities and members’ equity (deficit)	$	297,361		$	221,929		$	295,174		$	294,548		$	217,431		$	259,813

F-77

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Stonebriar			Sugar			Summerset			Sundance			Sunnyside		Swift
ASSETS
Current assets:
Cash	$	14,993		$	2,820		$	2,097		$	7,408		$	21,022	$	33,205
Other receivables		-			-			-			-			-		-
Prepaid expenses		930			1,997			1,205			505			515		(133	)
Due from (to) third party property managers		1,665			7,668			(14,178	)		14,931			4,148		2,287
Total current assets		17,588			12,484			(10,876	)		22,844			25,684		35,358
Property and equipment, net	$	195,559		$	292,051		$	254,009		$	314,109		$	217,310	$	335,366
Deposits	$	2,790		$	3,590		$	2,119		$	2,695		$	1,745	$	2,295
Total assets	$	215,937		$	308,126		$	245,252		$	339,647		$	244,739	$	373,019
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,198		$	2,510		$	2,010		$	13,434		$	5,025	$	5,073
Due to (from) related parties		21,741			5,891			6,849			8,891			3,362		24,334
Total Current liabilities		23,939			8,400			8,858			22,326			8,387		29,406
Tenant deposits		2,790			3,590			2,119			2,695			1,745		2,295
Mortgage payable, net		132,740			198,965			163,550			154,481			-		-
Total Liabilities		159,468			210,956			174,527			179,502			10,132		31,701
Members’ equity (deficit)
Members’ capital		76,169			124,080			93,169			178,730			232,921		341,728
Retained earnings (accumulated deficit)		(19,700	)		(26,910	)		(22,444	)		(18,585	)		1,687		(410	)
Total members’ equity (deficit)		56,469			97,170			70,725			160,145			234,608		341,318
Total liabilities and members’ equity (deficit)	$	215,937		$	308,126		$	245,252		$	339,647		$	244,739	$	373,019

F-78

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Taylor			Terracotta			Theodore			Tulip			Tuscan			Tuscarora
ASSETS
Current assets:
Cash	$	1,314		$	6,476		$	20,437		$	664		$	17,299		$	18,305
Other receivables		-			-			-			-			-			-
Prepaid expenses		986			1,591			470			1,198			822			456
Due from (to) third party property managers		200			6,562			138			4,874			(2,204	)		13,419
Total current assets		2,500			14,629			21,046			6,736			15,918			32,180
Property and equipment, net	$	226,434		$	307,776		$	286,138		$	305,415		$	301,008		$	328,088
Deposits	$	1,495		$	3,143		$	1,995		$	4,390		$	2,295		$	3,295
Total assets	$	230,429		$	325,548		$	309,179		$	316,541		$	319,221		$	363,563
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,291		$	3,010		$	7,881		$	2,456		$	7,536		$	8,830
Due to (from) related parties		1,139			2,285			(666	)		22,905			3,037			7,692
Total Current liabilities		3,430			5,296			7,215			25,361			10,573			16,521
Tenant deposits		1,495			3,143			1,995			4,390			2,295			3,295
Mortgage payable, net		111,950			220,328			-			219,627			180,714			-
Total Liabilities		116,875			228,766			9,210			249,378			193,582			19,816
Members’ equity (deficit)
Members’ capital		139,613			113,454			311,968			109,378			128,250			349,891
Retained earnings (accumulated deficit)		(26,059	)		(16,673	)		(11,999	)		(42,214	)		(2,612	)		(6,144	)
Total members’ equity (deficit)		113,555			96,781			299,969			67,164			125,639			343,747
Total liabilities and members’ equity (deficit)	$	230,429		$	325,548		$	309,179		$	316,541		$	319,221		$	363,563

F-79

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Tuxford			Vernon			Walton			Wave			Weldon			Wellington
ASSETS
Current assets:
Cash	$	360		$	1,136		$	4,598		$	1,332		$	5,100		$	21,206
Other receivables		-			-			-			-			-			-
Prepaid expenses		1,970			1,400			424			1,507			1,095			403
Due from (to) third party property managers		8,658			6,371			5,502			(6,698	)		8,600			1,812
Total current assets		10,988			8,907			10,525			(3,860	)		14,795			23,421
Property and equipment, net	$	251,501		$	246,482		$	290,685		$	321,276		$	199,231		$	398,481
Deposits	$	1,895		$	2,843		$	2,095		$	2,744		$	2,168		$	2,395
Total assets	$	264,384		$	258,232		$	303,304		$	320,160		$	216,193		$	424,297
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	2,299		$	2,630		$	11,750		$	1,335		$	2,049		$	5,978
Due to (from) related parties		19,343			6,172			33,421			37,051			10,405			8,937
Total Current liabilities		21,642			8,802			45,171			38,386			12,455			14,915
Tenant deposits		1,895			2,843			2,095			2,744			2,168			2,395
Mortgage payable, net		176,539			179,870			-			221,719			134,859			-
Total Liabilities		200,076			191,514			47,266			262,849			149,482			17,310
Members’ equity (deficit)
Members’ capital		93,691			89,413			304,003			112,795			83,977			418,991
Retained earnings (accumulated deficit)		(29,384	)		(22,696	)		(47,965	)		(55,484	)		(17,265	)		(12,004	)
Total members’ equity (deficit)		64,308			66,717			256,038			57,312			66,712			406,987
Total liabilities and members’ equity (deficit)	$	264,384		$	258,232		$	303,304		$	320,160		$	216,193		$	424,297

F-80

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Wentworth			Wescott			Westchester			Wildwood			Willow			Wilson
ASSETS
Current assets:
Cash	$	11,461		$	5,493		$	-		$	8,715		$	5,756		$	16,705
Other receivables		-			-			-			-			-			-
Prepaid expenses		940			981			1,453			971			557			487
Due from (to) third party property managers		(2,744	)		(1,074	)		12,341			4,995			5,132			6,966
Total current assets		9,657			5,400			13,795			14,681			11,445			24,158
Property and equipment, net	$	221,127		$	264,822		$	320,137		$	212,703		$	283,647		$	375,593
Deposits	$	3,190		$	4,985		$	3,119		$	1,845		$	2,195		$	2,445
Total assets	$	233,974		$	275,207		$	337,050		$	229,229		$	297,287		$	402,196
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	3,431		$	2,223		$	3,963		$	2,509		$	7,684		$	9,546
Due to (from) related parties		454			14,090			11,196			4,220			(2,207	)		11,004
Total Current liabilities		3,886			16,313			15,159			6,729			5,477			20,549
Tenant deposits		3,190			4,985			3,119			1,845			2,195			2,445
Mortgage payable, net		155,104			132,958			196,389			107,214			-			-
Total Liabilities		162,179			154,256			214,667			115,787			7,672			22,994
Members’ equity (deficit)
Members’ capital		76,306			149,904			147,235			123,234			293,186			385,745
Retained earnings (accumulated deficit)		(4,511	)		(28,954	)		(24,852	)		(9,792	)		(3,571	)		(6,543	)
Total members’ equity (deficit)		71,795			120,950			122,383			113,442			289,615			379,202
Total liabilities and members’ equity (deficit)	$	233,974		$	275,207		$	337,050		$	229,229		$	297,287		$	402,196

F-81

ARRIVED HOMES, LLC AND ITS SERIES

AUDITED CONSOLIDATED AND CONSOLIDATING BALANCE SHEET

AS OF DECEMBER 31, 2023

	Winchester			Windsor			Winston			Wisteria			Consolidated
ASSETS
Current assets:
Cash	$	22,928		$	4,851		$	12,303		$	10,967		$	2,531,500
Other receivables		-			-			-			-			(2,927	)
Prepaid expenses		426			3,074			609			1,200			277,277
Due from (to) third party property managers		1,861			10,262			12,011			(5,459	)		995,416
Total current assets		25,215			18,186			24,923			6,707			3,801,266
Property and equipment, net	$	269,758		$	328,756		$	319,369		$	292,979			74,577,406
Deposits	$	1,895		$	3,893		$	1,795		$	2,095			558,347
Total assets	$	296,867		$	350,835		$	346,087		$	301,781		$	78,937,019
LIABILITIES AND MEMBERS’ EQUITY (DEFICIT)
Current liabilities:
Accrued expenses	$	1,948		$	4,219		$	5,166		$	2,101		$	1,184,542
Due to (from) related parties		15,146			9,197			5,028			4,457			3,663,314
Total Current liabilities		17,094			13,416			10,193			6,558			4,847,855
Tenant deposits		1,895			3,893			1,795			2,095			562,789
Mortgage payable, net		-			224,727			-			205,305			23,890,137
Total Liabilities		18,989			242,035			11,988			213,958			29,300,781
Members’ equity (deficit)
Members’ capital		292,240			118,730			337,608			101,611			54,027,424
Retained earnings (accumulated deficit)		(14,362	)		(9,931	)		(3,509	)		(13,788	)		(4,391,186	)
Total members’ equity (deficit)		277,879			108,799			334,099			87,823			49,636,238
Total liabilities and members’ equity (deficit)	$	296,867		$	350,835		$	346,087		$	301,781		$	78,937,019

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

F-82

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	100			101			Abbington			Abernant			Alvin		Amber
Rental income	$	17,600		$	18,714		$	15,720		$	7,144		$	13,920	$	10,200
Operating expenses:
Depreciation		8,445			8,719			7,247			3,124			4,368		4,208
Insurance		1,142			1,118			927			718			1,116		522
Management fees, related party		4,513			4,697			3,589			852			1,590		732
Management Fees		430			433			435			408			460		812
Repairs & maintenance		1,439			125			-			742			-		1,432
Property taxes		3,384			3,492			2,640			244			675		426
Credit loss expense (recovery)		-			-			-			-			-		-
Loss on sale of property		-			-			-			-			-		-
Other operating expenses		2,302			2,740			2,501			4,900			4,323		2,489
Total operating expenses		21,655			21,323			17,338			10,987			12,532		10,619
Income (loss) from operations		(4,055	)		(2,610	)		(1,618	)		(3,843	)		1,388		(419	)
Other expense
Interest expenses		-			-			-			-			-		3,929
Total other expenses		-			-			-			-			-		3,929
Net Income (Loss)	$	(4,055	)	$	(2,610	)	$	(1,618	)	$	(3,843	)	$	1,388	$	(4,348	)

F-83

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Apollo			Aster			Augusta		Avebury			Avondale			Badminton
Rental income	$	8,465		$	9,420		$	11,970	$	8,450		$	11,025		$	12,890
Operating expenses:
Depreciation		2,691			3,504			4,075		3,995			4,523			4,230
Insurance		573			540			593		797			930			1,223
Management fees, related party		537			1,099			1,398		751			1,625			551
Management Fees		672			420			454		306			315			709
Repairs & maintenance		496			666			-		452			2,107			-
Property taxes		1,128			1,363			1,459		1,574			1,818			4,725
Credit loss expense (recovery)		-			-			-		-			-			-
Loss on sale of property		-			-			-		-			-			-
Other operating expenses		1,132			799			1,198		1,182			1,487			1,015
Total operating expenses		7,230			8,391			9,177		9,058			12,805			12,453
Income (loss) from operations		1,235			1,029			2,793		(608	)		(1,780	)		437
Other expense
Interest expenses		3,897			4,416			-		3,971			-			4,070
Total other expenses		3,897			4,416			-		3,971			-			4,070
Net Income (Loss)	$	(2,662	)	$	(3,387	)	$	2,793	$	(4,579	)	$	(1,780	)	$	(3,633	)

F-84

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Ballinger			Bandelier			Baron			Basil			Bayside			Bazzel
Rental income	$	9,848		$	12,328		$	14,475		$	9,420		$	12,815		$	10,791
Operating expenses:
Depreciation		4,108			4,134			8,003			2,784			3,525			3,763
Insurance		635			711			1,767			531			955			350
Management fees, related party		1,198			1,339			4,073			478			615			1,456
Management Fees		474			394			350			386			754			628
Repairs & maintenance		3,358			80			-			-			500			1,207
Property taxes		1,355			1,881			3,138			1,553			5,184			1,368
Credit loss expense (recovery)		-			-			-			(960	)		-			-
Loss on sale of property		-			-			-			-			-			-
Other operating expenses		3,139			922			662			894			948			2,903
Total operating expenses		14,265			9,459			17,993			5,667			12,481			11,676
Income (loss) from operations		(4,417	)		2,868			(3,518	)		3,753			334			(886	)
Other expense
Interest expenses		-			4,789			-			3,078			3,873			-
Total other expenses		-			4,789			-			3,078			3,873			-
Net Income (Loss)	$	(4,417	)	$	(1,921	)	$	(3,518	)	$	675		$	(3,539	)	$	(886	)

F-85

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Bedford			Bella			Belle			Belvedere		Bergenia			Blossom
Rental income	$	7,727		$	11,670		$	15,894		$	13,770	$	9,720		$	8,897
Operating expenses:
Depreciation		3,847			4,206			6,042			4,051		4,977			3,495
Insurance		1,357			718			1,227			1,195		506			432
Management fees, related party		616			1,420			1,585			1,527		1,009			977
Management Fees		802			429			1,113			478		420			500
Repairs & maintenance		1,112			859			3,149			281		-			3,050
Property taxes		5,922			3,076			2,418			1,620		(48	)		612
Credit loss expense (recovery)		-			-			-			-		-			-
Loss on sale of property		-			-			-			-		-			-
Other operating expenses		1,467			2,513			1,001			1,068		851			2,919
Total operating expenses		15,124			13,219			16,534			10,221		7,715			11,985
Income (loss) from operations		(7,397	)		(1,549	)		(640	)		3,549		2,005			(3,088	)
Other expense
Interest expenses		3,785			-			-			-		-			-
Total other expenses		3,785			-			-			-		-			-
Net Income (Loss)	$	(11,182	)	$	(1,549	)	$	(640	)	$	3,549	$	2,005		$	(3,088	)

F-86

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Bonneau		Brainerd			Braxton			Brennan			Briarwood			Brooklyn
Rental income	$	13,770	$	12,870		$	10,920		$	8,266		$	7,365		$	7,224
Operating expenses:
Depreciation		5,137		3,998			4,452			3,115			2,866			2,907
Insurance		2,101		608			563			746			726			503
Management fees, related party		1,642		1,480			1,424			675			869			498
Management Fees		468		420			420			57			350			230
Repairs & maintenance		-		-			4,716			11,028			-			-
Property taxes		1,847		654			1,782			1,514			459			912
Credit loss expense (recovery)		-		-			-			-			-			-
Loss on sale of property		-		-			-			-			-			-
Other operating expenses		1,541		2,275			737			2,988			2,993			941
Total operating expenses		12,735		9,435			14,094			20,123			8,264			5,991
Income (loss) from operations		1,035		3,435			(3,174	)		(11,857	)		(899	)		1,233
Other expense
Interest expenses		-		5,396			-			4,495			-			3,089
Total other expenses		-		5,396			-			4,495			-			3,089
Net Income (Loss)	$	1,035	$	(1,961	)	$	(3,174	)	$	(16,352	)	$	(899	)	$	(1,855	)

F-87

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Burlington			Butter			Calvin		Camino		Cawley		Centennial
Rental income	$	20,446		$	11,618		$	10,770	$	9,605	$	13,170	$	12,420
Operating expenses:
Depreciation		8,916			5,190			3,245		3,644		4,312		3,917
Insurance		1,546			2,856			493		581		809		505
Management fees, related party		4,929			805			1,147		795		1,522		591
Management Fees		427			907			420		768		460		994
Repairs & maintenance		591			4,549			2,024		500		405		-
Property taxes		3,594			5,025			1,103		1,458		1,728		1,806
Credit loss expense (recovery)		-			-			-		-		-		-
Loss on sale of property		-			-			-		-		-		-
Other operating expenses		877			1,604			1,223		880		1,322		884
Total operating expenses		20,880			20,936			9,655		8,626		10,557		8,697
Income (loss) from operations		(434	)		(9,318	)		1,115		979		2,613		3,723
Other expense
Interest expenses		-			5,129			-		-		-		4,438
Total other expenses		-			5,129			-		-		-		4,438
Net Income (Loss)	$	(434	)	$	(14,446	)	$	1,115	$	979	$	2,613	$	(715	)

F-88

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Chaparral			Chelsea			Chester			Chickamauga		Chinook		Chitwood
Rental income	$	8,483		$	11,620		$	13,320		$	13,920	$	11,970	$	14,070
Operating expenses:
Depreciation		2,700			4,234			5,095			5,129		4,952		5,255
Insurance		646			574			823			920		959		846
Management fees, related party		783			817			1,711			1,737		1,371		1,753
Management Fees		543			729			459			489		501		528
Repairs & maintenance		865			-			-			44		681		535
Property taxes		1,608			1,790			2,417			914		1,680		2,118
Credit loss expense (recovery)		-			-			-			-		-		-
Loss on sale of property		-			-			-			-		-		-
Other operating expenses		900			760			2,193			2,764		1,780		1,512
Total operating expenses		8,043			8,903			12,697			11,997		11,924		12,546
Income (loss) from operations		440			2,717			623			1,923		46		1,524
Other expense
Interest expenses		2,200			4,215			6,422			-		-		-
Total other expenses		2,200			4,215			6,422			-		-		-
Net Income (Loss)	$	(1,760	)	$	(1,497	)	$	(5,799	)	$	1,923	$	46	$	1,524

F-89

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Clover			Coatbridge			Collier		Collinston			Conway			Cove
Rental income	$	12,253		$	12,220		$	13,320	$	6,712		$	14,572		$	1,030
Operating expenses:
Depreciation		4,397			4,526			4,879		2,906			9,438			2,890
Insurance		1,099			741			861		481			1,153			870
Management fees, related party		1,910			897			2,653		515			2,921			630
Management Fees		948			942			461		338			300			(228	)
Repairs & maintenance		4,766			250			228		5,097			2,720			-
Property taxes		1,818			5,741			1,950		1,822			3,768			1,158
Credit loss expense (recovery)		-			-			-		-			-			-
Loss on sale of property		-			-			-		-			-			-
Other operating expenses		3,664			2,633			2,124		3,377			4,118			3,296
Total operating expenses		18,601			15,730			13,155		14,535			24,416			8,616
Income (loss) from operations		(6,348	)		(3,510	)		165		(7,823	)		(9,845	)		(7,586	)
Other expense
Interest expenses		-			4,100			-		2,674			-			-
Total other expenses		-			4,100			-		2,674			-			-
Net Income (Loss)	$	(6,348	)	$	(7,610	)	$	165	$	(10,498	)	$	(9,845	)	$	(7,586	)

F-90

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Creekside		Creekwood			Cumberland		Cupcake			Cypress			Daisy
Rental income	$	11,520	$	10,770		$	10,170	$	8,830		$	14,790		$	10,170
Operating expenses:
Depreciation		4,269		3,972			4,059		3,275			5,013			4,138
Insurance		511		613			587		573			673			603
Management fees, related party		1,394		869			1,279		681			1,342			1,300
Management Fees		463		905			420		592			1,034			420
Repairs & maintenance		325		-			128		-			2,620			-
Property taxes		1,415		1,753			1,620		1,579			4,019			1,090
Credit loss expense (recovery)		-		-			-		-			-			-
Loss on sale of property		-		-			-		-			-			-
Other operating expenses		822		439			1,688		1,000			1,572			769
Total operating expenses		9,199		8,550			9,781		7,701			16,272			8,320
Income (loss) from operations		2,321		2,220			389		1,129			(1,482	)		1,850
Other expense
Interest expenses		-		5,008			-		2,981			6,253			-
Total other expenses		-		5,008			-		2,981			6,253			-
Net Income (Loss)	$	2,321	$	(2,788	)	$	389	$	(1,851	)	$	(7,735	)	$	1,850

F-91

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Davidson			Dawson			Delta			Dewberry			Diablo			Dogwood
Rental income	$	9,570		$	10,470		$	4,481		$	9,811		$	11,520		$	9,020
Operating expenses:
Depreciation		2,909			3,617			4,966			2,613			3,571			3,311
Insurance		481			859			768			630			965			638
Management fees, related party		463			550			727			462			1,132			1,403
Management Fees		618			838			338			777			560			718
Repairs & maintenance		250			3,251			5,340			-			1,366			445
Property taxes		1,548			4,489			3,779			4,487			1,779			1,320
Credit loss expense (recovery)		-			-			-			-			-			-
Loss on sale of property		-			-			-			-			-			-
Other operating expenses		616			1,416			7,261			1,302			1,294			887
Total operating expenses		6,885			15,019			23,181			10,271			10,665			8,723
Income (loss) from operations		2,685			(4,549	)		(18,700	)		(461	)		855			297
Other expense
Interest expenses		2,879			3,419			4,435			2,836			4,067			-
Total other expenses		2,879			3,419			4,435			2,836			4,067			-
Net Income (Loss)	$	(194	)	$	(7,968	)	$	(23,135	)	$	(3,297	)	$	(3,211	)	$	297

F-92

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Dolittle			Dolly			Dops		Dorchester		Dunbar			Eagle
Rental income	$	14,472		$	14,223		$	8,275	$	13,170	$	13,615		$	10,175
Operating expenses:
Depreciation		4,222			9,475			2,809		4,727		5,811			3,946
Insurance		802			1,181			1,420		2,226		664			697
Management fees, related party		669			2,893			615		2,715		2,707			926
Management Fees		754			368			575		420		462			838
Repairs & maintenance		-			4,090			-		-		1,294			-
Property taxes		5,903			3,798			1,128		1,896		1,770			28
Credit loss expense (recovery)		-			-			-		-		-			-
Loss on sale of property		-			-			-		-		-			-
Other operating expenses		1,350			3,472			1,090		819		3,157			1,300
Total operating expenses		13,700			25,278			7,636		12,803		15,865			7,734
Income (loss) from operations		772			(11,055	)		639		367		(2,250	)		2,441
Other expense
Interest expenses		4,060			-			-		-		-			4,529
Total other expenses		4,060			-			-		-		-			4,529
Net Income (Loss)	$	(3,288	)	$	(11,055	)	$	639	$	367	$	(2,250	)	$	(2,088	)

F-93

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Eastfair			Eastwood			Elevation			Ella		Ellen			Elm
Rental income	$	11,684		$	-		$	8,030		$	10,770	$	14,619		$	8,535
Operating expenses:
Depreciation		2,956			4,378			5,056			3,587		3,404			2,300
Insurance		842			1,076			991			587		727			677
Management fees, related party		430			955			629			1,144		1,498			411
Management Fees		856			480			735			476		420			283
Repairs & maintenance		89			195			524			-		-			460
Property taxes		4,848			589			2,403			1,428		1,633			3,072
Credit loss expense (recovery)		-			-			-			-		-			-
Loss on sale of property		-			-			-			-		-			-
Other operating expenses		3,144			4,223			6,855			2,159		(7	)		1,363
Total operating expenses		13,165			11,896			17,194			9,381		7,674			8,565
Income (loss) from operations		(1,481	)		(11,896	)		(9,164	)		1,389		6,944			(30	)
Other expense
Interest expenses		3,505			-			4,017			-		-			2,506
Total other expenses		3,505			-			4,017			-		-			2,506
Net Income (Loss)	$	(4,986	)	$	(11,896	)	$	(13,181	)	$	1,389	$	6,944		$	(2,536	)

F-94

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Emporia			Ensenada			Falcon			Felix		Fenwick		Fletcher
Rental income	$	14,720		$	10,023		$	12,145		$	9,570	$	16,760	$	8,340
Operating expenses:
Depreciation		4,833			6,666			3,953			4,101		4,120		2,412
Insurance		1,085			1,391			698			463		663		673
Management fees, related party		907			1,701			963			1,090		1,715		883
Management Fees		1,048			379			819			420		526		431
Repairs & maintenance		499			3,046			138			-		723		108
Property taxes		3,528			6,362			28			80		1,650		180
Credit loss expense (recovery)		-			-			-			-		-		-
Loss on sale of property		-			-			-			-		-		-
Other operating expenses		517			1,201			1,300			1,253		1,111		1,286
Total operating expenses		12,417			20,747			7,899			7,406		10,508		5,972
Income (loss) from operations		2,303			(10,723	)		4,246			2,164		6,252		2,368
Other expense
Interest expenses		4,790			7,656			4,529			-		-		-
Total other expenses		4,790			7,656			4,529			-		-		-
Net Income (Loss)	$	(2,487	)	$	(18,380	)	$	(283	)	$	2,164	$	6,252	$	2,368

F-95

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Folly		Forest			Foster		Franklin			Gardens			General
Rental income	$	13,470	$	12,982		$	14,094	$	12,870		$	9,040		$	17,380
Operating expenses:
Depreciation		5,126		6,070			4,307		4,623			3,586			4,342
Insurance		1,439		3,416			730		788			629			665
Management fees, related party		2,411		816			1,629		1,458			582			2,003
Management Fees		467		797			438		472			309			514
Repairs & maintenance		-		1,195			184		1,754			60			1,109
Property taxes		1,715		2,976			1,713		4,805			794			3,332
Credit loss expense (recovery)		-		-			-		-			-			-
Loss on sale of property		-		-			-		-			-			-
Other operating expenses		1,735		4,215			672		526			3,020			1,380
Total operating expenses		12,893		19,486			9,673		14,425			8,981			13,345
Income (loss) from operations		577		(6,504	)		4,421		(1,555	)		59			4,035
Other expense
Interest expenses		-		5,302			-		-			3,271			-
Total other expenses		-		5,302			-		-			3,271			-
Net Income (Loss)	$	577	$	(11,806	)	$	4,421	$	(1,555	)	$	(3,212	)	$	4,035

F-96

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Goose			Grant			Greenhill			Gretal		Grove			Hadden
Rental income	$	11,940		$	14,781		$	18,065		$	14,370	$	9,005		$	10,300
Operating expenses:
Depreciation		3,678			4,451			4,484			6,206		4,401			3,027
Insurance		654			1,129			1,087			913		967			457
Management fees, related party		891			816			703			2,026		525			555
Management Fees		819			900			1,239			460		720			702
Repairs & maintenance		192			-			-			109		-			1,104
Property taxes		1,046			2,728			6,420			2,478		2,439			3,382
Credit loss expense (recovery)		-			-			-			-		-			-
Loss on sale of property		-			-			-			-		-			-
Other operating expenses		1,300			1,595			1,449			2,146		1,128			926
Total operating expenses		8,579			11,619			15,381			14,337		10,182			10,152
Income (loss) from operations		3,361			3,162			2,684			33		(1,177	)		148
Other expense
Interest expenses		4,220			5,063			4,454			-		3,773			2,811
Total other expenses		4,220			5,063			4,454			-		3,773			2,811
Net Income (Loss)	$	(859	)	$	(1,901	)	$	(1,770	)	$	33	$	(4,950	)	$	(2,663	)

F-97

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Hansard		Hansel			Hargrave			Harrison			Henry			Heritage
Rental income	$	13,200	$	8,380		$	6,008		$	16,920		$	5,873		$	11,985
Operating expenses:
Depreciation		4,170		5,564			3,212			6,296			5,912			4,506
Insurance		1,323		797			493			1,035			1,363			836
Management fees, related party		1,503		1,615			893			2,293			1,590			956
Management Fees		450		260			297			443			261			839
Repairs & maintenance		-		1,303			3,357			175			15,773			742
Property taxes		853		748			1,204			1,780			2,268			3,195
Credit loss expense (recovery)		-		-			-			-			-			-
Loss on sale of property		-		-			-			-			-			-
Other operating expenses		2,033		3,197			4,614			2,838			2,906			951
Total operating expenses		10,331		13,484			14,070			14,859			30,073			12,025
Income (loss) from operations		2,869		(5,104	)		(8,062	)		2,061			(24,200	)		(40	)
Other expense
Interest expenses		-		6,771			-			7,931			-			4,859
Total other expenses		-		6,771			-			7,931			-			4,859
Net Income (Loss)	$	2,869	$	(11,875	)	$	(8,062	)	$	(5,869	)	$	(24,200	)	$	(4,899	)

F-98

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Heron			Highland		Hines			Hobbes			Holcomb		Holland
Rental income	$	11,370		$	11,370	$	9,720		$	4,200		$	12,570	$	8,525
Operating expenses:
Depreciation		4,474			3,942		4,405			3,216			4,877		2,909
Insurance		1,603			821		481			493			643		481
Management fees, related party		774			819		1,781			813			2,258		517
Management Fees		910			910		482			238			879		667
Repairs & maintenance		295			-		625			2,549			127		450
Property taxes		4,214			1,499		1,404			2,203			2,132		1,592
Credit loss expense (recovery)		-			-		-			-			-		-
Loss on sale of property		-			-		-			-			-		-
Other operating expenses		1,302			1,067		1,159			2,450			937		1,123
Total operating expenses		13,570			9,057		10,337			11,961			11,853		7,738
Income (loss) from operations		(2,200	)		2,313		(617	)		(7,761	)		717		787
Other expense
Interest expenses		4,809			-		-			-			-		2,879
Total other expenses		4,809			-		-			-			-		2,879
Net Income (Loss)	$	(7,009	)	$	2,313	$	(617	)	$	(7,761	)	$	717	$	(2,092	)

F-99

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Hollandaise			Holloway			Inglewood			Irene		Jack			Jake
Rental income	$	6,603		$	15,570		$	16,238		$	8,370	$	13,966		$	17,930
Operating expenses:
Depreciation		5,028			4,672			9,361			2,412		6,377			8,093
Insurance		873			1,482			1,233			535		872			1,440
Management fees, related party		1,230			739			2,980			778		1,802			4,352
Management Fees		156			1,246			383			420		397			464
Repairs & maintenance		11,729			-			1,747			-		60			-
Property taxes		1,756			5,220			3,732			165		763			3,264
Credit loss expense (recovery)		-			-			-			-		-			-
Loss on sale of property		-			-			-			-		-			-
Other operating expenses		4,427			951			3,656			647		2,272			1,642
Total operating expenses		25,199			14,310			23,091			4,957		12,542			19,255
Income (loss) from operations		(18,596	)		1,260			(6,854	)		3,413		1,424			(1,325	)
Other expense
Interest expenses		4,995			5,160			-			-		6,384			-
Total other expenses		4,995			5,160			-			-		6,384			-
Net Income (Loss)	$	(23,590	)	$	(3,900	)	$	(6,854	)	$	3,413	$	(4,960	)	$	(1,325	)

F-100

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Jefferson		Jill			Johnny			June		Jupiter			Kawana
Rental income	$	12,870	$	13,170		$	16,775		$	19,920	$	6,641		$	10,170
Operating expenses:
Depreciation		3,777		5,492			8,047			8,047		2,906			3,786
Insurance		831		800			1,095			1,095		473			1,157
Management fees, related party		1,389		1,788			4,327			4,513		527			749
Management Fees		450		460			420			420		330			814
Repairs & maintenance		-		83			-			-		767			-
Property taxes		166		722			3,216			3,216		1,071			1,327
Credit loss expense (recovery)		-		-			-			-		-			-
Loss on sale of property		-		-			-			-		-			-
Other operating expenses		2,003		2,543			2,383			2,531		2,275			1,167
Total operating expenses		8,616		11,888			19,489			19,823		8,348			8,999
Income (loss) from operations		4,254		1,282			(2,714	)		97		(1,707	)		1,171
Other expense
Interest expenses		-		6,947			-			-		3,262			3,766
Total other expenses		-		6,947			-			-		3,262			3,766
Net Income (Loss)	$	4,254	$	(5,665	)	$	(2,714	)	$	97	$	(4,968	)	$	(2,595	)

F-101

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Kennesaw			Kenny			KerriAnn			Kessler			Kingsley			Kirkwood
Rental income	$	15,741		$	4,736		$	6,585		$	8,088		$	13,570		$	9,570
Operating expenses:
Depreciation		5,836			9,475			4,686			4,106			4,290			3,592
Insurance		1,189			1,221			942			400			1,357			496
Management fees, related party		2,823			2,379			732			1,048			634			1,036
Management Fees		978			82			495			625			894			420
Repairs & maintenance		2,023			3,058			5,596			2,554			-			-
Property taxes		2,340			3,798			1,891			692			8,299			1,545
Credit loss expense (recovery)		-			-			-			-			-			-
Loss on sale of property		-			-			-			-			-			-
Other operating expenses		2,321			3,101			3,845			1,242			928			1,778
Total operating expenses		17,510			23,114			18,187			10,669			16,402			8,866
Income (loss) from operations		(1,769	)		(18,377	)		(11,602	)		(2,581	)		(2,832	)		704
Other expense
Interest expenses		-			-			4,655			4,423			5,020			4,358
Total other expenses		-			-			4,655			4,423			5,020			4,358
Net Income (Loss)	$	(1,769	)	$	(18,377	)	$	(16,258	)	$	(7,004	)	$	(7,852	)	$	(3,654	)

F-102

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Korin		Lallie			Lanier			Lannister			Latte		Lennox
Rental income	$	11,970	$	12,828		$	12,134		$	5,990		$	13,190	$	10,675
Operating expenses:
Depreciation		3,823		6,202			5,706			3,027			5,011		2,978
Insurance		618		2,132			881			521			1,398		593
Management fees, related party		1,342		849			840			517			2,087		530
Management Fees		452		817			1,130			575			975		629
Repairs & maintenance		-		405			2,922			250			-		-
Property taxes		1,563		6,099			3,053			852			2,010		4,331
Credit loss expense (recovery)		-		-			-			-			-		-
Loss on sale of property		-		-			-			-			-		-
Other operating expenses		1,044		3,384			2,958			1,208			1,089		869
Total operating expenses		8,842		19,887			17,489			6,948			12,570		9,928
Income (loss) from operations		3,128		(7,059	)		(5,356	)		(958	)		620		747
Other expense
Interest expenses		-		5,614			6,313			3,588			-		3,267
Total other expenses		-		5,614			6,313			3,588			-		3,267
Net Income (Loss)	$	3,128	$	(12,673	)	$	(11,669	)	$	(4,547	)	$	620	$	(2,521	)

F-103

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Lierly			Lily			Limestone			Litton			Longwoods			Lookout
Rental income	$	9,883		$	14,370		$	7,019		$	12,954		$	11,970		$	9,600
Operating expenses:
Depreciation		2,932			7,493			4,023			4,413			3,702			4,741
Insurance		807			2,432			1,072			862			3,204			696
Management fees, related party		644			1,891			692			1,646			1,317			2,414
Management Fees		786			464			492			363			446			350
Repairs & maintenance		1,585			85			5,700			120			105			-
Property taxes		1,344			1,990			6,294			1,758			1,488			1,896
Credit loss expense (recovery)		-			-			-			-			-			-
Loss on sale of property		-			-			-			-			-			-
Other operating expenses		900			1,085			5,183			877			2,792			2,143
Total operating expenses		8,999			15,439			23,457			10,039			13,053			12,241
Income (loss) from operations		884			(1,069	)		(16,438	)		2,915			(1,083	)		(2,641	)
Other expense
Interest expenses		2,762			6,087			3,971			5,952			-			-
Total other expenses		2,762			6,087			3,971			5,952			-			-
Net Income (Loss)	$	(1,878	)	$	(7,156	)	$	(20,409	)	$	(3,037	)	$	(1,083	)	$	(2,641	)

F-104

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Loretta			Louis		Louise			Lovejoy			Luna			Lurleen
Rental income	$	19,595		$	11,370	$	12,515		$	11,820		$	7,543		$	10,220
Operating expenses:
Depreciation		9,431			3,701		3,789			4,044			2,956			2,141
Insurance		1,187			434		737			740			781			1,335
Management fees, related party		3,170			1,301		662			763			454			660
Management Fees		492			420		782			807			620			814
Repairs & maintenance		1,120			-		4,925			1,000			867			644
Property taxes		3,768			1,475		1,604			2,682			3,952			1,212
Credit loss expense (recovery)		-			-		-			-			-			-
Loss on sale of property		-			-		-			-			-			-
Other operating expenses		2,482			624		3,255			1,420			2,146			810
Total operating expenses		21,650			7,954		15,754			11,456			11,776			7,616
Income (loss) from operations		(2,055	)		3,416		(3,240	)		364			(4,233	)		2,604
Other expense
Interest expenses		-			-		4,017			4,012			3,506			4,761
Total other expenses		-			-		4,017			4,012			3,506			4,761
Net Income (Loss)	$	(2,055	)	$	3,416	$	(7,256	)	$	(3,648	)	$	(7,739	)	$	(2,157	)

F-105

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Madison			Mae			Magnolia			Malbec			Mammoth			Marcelo
Rental income	$	11,093		$	12,570		$	10,772		$	13,770		$	3,501		$	10,320
Operating expenses:
Depreciation		2,828			4,864			4,154			4,388			4,686			3,911
Insurance		562			1,219			693			751			1,023			575
Management fees, related party		734			1,061			836			827			744			1,261
Management Fees		693			1,006			781			1,063			(320	)		420
Repairs & maintenance		700			(306	)		204			429			9,307			-
Property taxes		1,228			1,942			2,415			2,223			4,581			1,566
Credit loss expense (recovery)		-			-			-			-			-			-
Loss on sale of property		-			-			-			-			-			-
Other operating expenses		1,752			1,181			954			2,899			5,965			753
Total operating expenses		8,496			10,966			10,036			12,579			25,986			8,486
Income (loss) from operations		2,597			1,604			736			1,191			(22,485	)		1,834
Other expense
Interest expenses		3,122			-			4,993			4,891			5,695			-
Total other expenses		3,122			-			4,993			4,891			5,695			-
Net Income (Loss)	$	(525	)	$	1,604		$	(4,257	)	$	(3,699	)	$	(28,180	)	$	1,834

F-106

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Marie			Marietta			Marion			Marple			Martell			Mary
Rental income	$	14,970		$	10,931		$	11,070		$	6,975		$	8,493		$	12,570
Operating expenses:
Depreciation		4,397			4,158			4,427			2,412			3,572			3,732
Insurance		1,122			925			1,748			491			2,020			622
Management fees, related party		2,177			913			1,136			818			1,102			1,384
Management Fees		446			972			1,287			420			402			431
Repairs & maintenance		55			1,263			2,959			-			5,040			-
Property taxes		(511	)		4,973			1,404			(126	)		1,428			494
Credit loss expense (recovery)		-			-			-			-			-			-
Loss on sale of property		-			-			-			-			-			-
Other operating expenses		2,213			1,342			1,236			1,868			2,499			1,743
Total operating expenses		9,900			14,546			14,199			5,883			16,063			8,406
Income (loss) from operations		5,070			(3,616	)		(3,129	)		1,092			(7,570	)		4,164
Other expense
Interest expenses		-			5,260			-			-			-			-
Total other expenses		-			5,260			-			-			-			-
Net Income (Loss)	$	5,070		$	(8,876	)	$	(3,129	)	$	1,092		$	(7,570	)	$	4,164

F-107

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Matchingham			McGregor			McLovin			Meadow			Mimosa			Mojave
Rental income	$	12,824		$	10,188		$	18,570		$	10,880		$	8,620		$	12,215
Operating expenses:
Depreciation		2,913			4,132			6,219			4,410			2,954			3,525
Insurance		655			674			1,422			671			599			576
Management fees, related party		476			2,982			2,111			795			645			842
Management Fees		934			443			475			595			308			715
Repairs & maintenance		903			683			(125	)		-			750			-
Property taxes		5,877			1,650			4,415			1,893			1,182			1,556
Credit loss expense (recovery)		-			-			-			-			-			-
Loss on sale of property		-			-			-			-			-			-
Other operating expenses		918			1,409			1,758			1,259			880			1,000
Total operating expenses		12,676			11,973			16,274			9,624			7,318			8,214
Income (loss) from operations		148			(1,786	)		2,296			1,257			1,302			4,001
Other expense
Interest expenses		2,867			-			7,179			4,203			4,423			3,240
Total other expenses		2,867			-			7,179			4,203			4,423			3,240
Net Income (Loss)	$	(2,719	)	$	(1,786	)	$	(4,883	)	$	(2,946	)	$	(3,120	)	$	761

F-108

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Murphy			Mycroft			Nugget			Odessa			Olive			Oly
Rental income	$	9,450		$	8,520		$	16,970		$	17,670		$	11,405		$	14,084
Operating expenses:
Depreciation		4,085			2,466			7,694			7,332			3,689			6,265
Insurance		815			575			1,191			985			1,019			1,126
Management fees, related party		653			802			4,133			2,006			687			1,911
Management Fees		718			420			420			510			735			384
Repairs & maintenance		677			-			-			-			-			1,125
Property taxes		5,703			(92	)		3,090			3,452			5,347			3,374
Credit loss expense (recovery)		-			-			-			-			-			-
Loss on sale of property		-			-			-			-			-			-
Other operating expenses		3,564			1,259			688			2,173			1,715			1,789
Total operating expenses		16,215			5,430			17,216			16,458			13,192			15,972
Income (loss) from operations		(6,765	)		3,090			(246	)		1,212			(1,787	)		(1,888	)
Other expense
Interest expenses		4,053			-			-			7,315			2,950			7,191
Total other expenses		4,053			-			-			7,315			2,950			7,191
Net Income (Loss)	$	(10,818	)	$	3,090		$	(246	)	$	(6,103	)	$	(4,736	)	$	(9,079	)

F-109

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Onyx			Oscar			Osceola			Osprey		Otoro			Palmer
Rental income	$	14,040		$	6,272		$	10,170		$	14,070	$	4,497		$	9,412
Operating expenses:
Depreciation		6,008			4,018			3,850			5,490		6,084			4,586
Insurance		831			(6	)		2,379			2,039		1,340			756
Management fees, related party		1,209			931			1,010			2,023		1,021			1,254
Management Fees		983			403			712			1,102		104			431
Repairs & maintenance		1,709			(3,950	)		955			-		5,232			1,537
Property taxes		1,788			74			1,542			1,925		4,345			1,614
Credit loss expense (recovery)		-			-			-			-		-			-
Loss on sale of property		-			-			-			-		-			-
Other operating expenses		1,636			2,208			1,135			1,180		6,696			3,307
Total operating expenses		14,164			3,677			11,582			13,758		24,822			13,485
Income (loss) from operations		(124	)		2,594			(1,412	)		312		(20,325	)		(4,073	)
Other expense
Interest expenses		-			-			-			-		5,363			-
Total other expenses		-			-			-			-		5,363			-
Net Income (Loss)	$	(124	)	$	2,594		$	(1,412	)	$	312	$	(25,688	)	$	(4,073	)

F-110

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Patrick			Peanut			Pearl			Pecan			Peterson		Piedmont
Rental income	$	7,980		$	7,930		$	16,320		$	8,875		$	9,570	$	13,770
Operating expenses:
Depreciation		3,518			2,964			7,498			2,863			3,104		5,272
Insurance		661			558			879			712			729		946
Management fees, related party		759			567			3,928			632			1,023		1,785
Management Fees		557			274			506			735			420		457
Repairs & maintenance		1,682			-			1,234			95			-		-
Property taxes		1,065			843			3,006			1,145			252		4,399
Credit loss expense (recovery)		-			-			-			-			-		-
Loss on sale of property		-			-			-			-			-		-
Other operating expenses		1,114			1,114			2,214			900			1,112		1,217
Total operating expenses		9,355			6,319			19,265			7,081			6,640		14,076
Income (loss) from operations		(1,375	)		1,611			(2,945	)		1,794			2,930		(306	)
Other expense
Interest expenses		2,235			3,522			-			2,329			-		6,645
Total other expenses		2,235			3,522			-			2,329			-		6,645
Net Income (Loss)	$	(3,610	)	$	(1,912	)	$	(2,945	)	$	(535	)	$	2,930	$	(6,951	)

F-111

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Pinot			Pioneer			Plumtree			Point			Porthos		Quincy
Rental income	$	14,814		$	13,080		$	8,325		$	3,910		$	13,770	$	17,230
Operating expenses:
Depreciation		4,429			8,117			2,768			5,250			4,148		7,515
Insurance		758			1,133			624			1,049			3,832		839
Management fees, related party		1,020			4,060			649			1,021			1,553		2,546
Management Fees		961			312			674			301			455		490
Repairs & maintenance		542			135			150			2,402			347		845
Property taxes		2,217			3,162			1,123			2,323			1,662		3,024
Credit loss expense (recovery)		-			-			-			-			-		-
Loss on sale of property		-			-			-			-			-		-
Other operating expenses		2,833			1,611			900			4,410			847		2,698
Total operating expenses		12,760			18,530			6,888			16,754			12,843		17,957
Income (loss) from operations		2,054			(5,450	)		1,437			(12,844	)		927		(726	)
Other expense
Interest expenses		4,941			-			2,342			6,405			-		-
Total other expenses		4,941			-			2,342			6,405			-		-
Net Income (Loss)	$	(2,887	)	$	(5,450	)	$	(906	)	$	(19,249	)	$	927	$	(726	)

F-112

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Redondo			Regency			Reginald			Reynolds		Ribbonwalk			Richardson
Rental income	$	13,470		$	13,710		$	16,874		$	14,970	$	12,690		$	10,620
Operating expenses:
Depreciation		4,308			3,793			6,815			5,905		4,395			4,321
Insurance		738			1,016			1,855			1,242		975			528
Management fees, related party		1,545			1,382			2,356			2,713		695			1,348
Management Fees		488			537			573			1,048		808			440
Repairs & maintenance		307			1,019			1,111			-		-			-
Property taxes		1,734			1,512			2,394			2,364		1,581			889
Credit loss expense (recovery)		-			-			-			-		-			-
Loss on sale of property		-			-			-			-		-			-
Other operating expenses		1,352			1,595			2,916			1,217		4,241			1,074
Total operating expenses		10,473			10,855			18,020			14,489		12,695			8,599
Income (loss) from operations		2,997			2,855			(1,146	)		481		(5	)		2,021
Other expense
Interest expenses		6,480			5,951			-			-		4,380			-
Total other expenses		6,480			5,951			-			-		4,380			-
Net Income (Loss)	$	(3,482	)	$	(3,096	)	$	(1,146	)	$	481	$	(4,385	)	$	2,021

F-113

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Richmond			Ridge			Ritter			River		Riverwalk			Rooney
Rental income	$	16,170		$	10,565		$	11,643		$	14,465	$	10,870		$	11,826
Operating expenses:
Depreciation		5,232			2,992			6,932			3,662		5,427			4,422
Insurance		1,057			639			1,498			898		823			9
Management fees, related party		1,989			527			3,345			638		2,843			1,211
Management Fees		444			230			867			1,315		313			534
Repairs & maintenance		377			-			5,001			-		1,105			-
Property taxes		4,815			4,968			2,796			3,351		2,172			1,638
Credit loss expense (recovery)		-			-			-			-		-			-
Loss on sale of property		-			-			-			-		-			-
Other operating expenses		3,956			927			2,704			445		4,062			2,191
Total operating expenses		17,870			10,282			23,143			10,308		16,745			10,005
Income (loss) from operations		(1,700	)		283			(11,499	)		4,157		(5,875	)		1,821
Other expense
Interest expenses		-			3,283			-			4,017		-			5,063
Total other expenses		-			3,283			-			4,017		-			5,063
Net Income (Loss)	$	(1,700	)	$	(3,000	)	$	(11,499	)	$	140	$	(5,875	)	$	(3,242	)

F-114

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Roseberry			Rosewood			Roxy			Saddlebred			Saint			Sajni
Rental income	$	14,370		$	9,800		$	11,970		$	15,145		$	13,045		$	15,120
Operating expenses:
Depreciation		4,513			3,719			4,479			7,639			3,791			5,539
Insurance		2,057			728			805			2,385			702			4,598
Management fees, related party		732			727			1,256			1,761			1,333			1,650
Management Fees		1,148			628			420			443			451			460
Repairs & maintenance		-			-			-			230			(125	)		-
Property taxes		2,558			1,276			2,838			2,237			1,538			1,650
Credit loss expense (recovery)		-			-			-			-			-			-
Loss on sale of property		-			-			-			-			-			-
Other operating expenses		1,052			1,712			1,854			665			1,276			1,365
Total operating expenses		12,059			8,789			11,652			15,360			8,965			15,261
Income (loss) from operations		2,311			1,011			318			(215	)		4,080			(141	)
Other expense
Interest expenses		4,924			4,525			5,277			6,496			4,146			-
Total other expenses		4,924			4,525			5,277			6,496			4,146			-
Net Income (Loss)	$	(2,613	)	$	(3,514	)	$	(4,959	)	$	(6,711	)	$	(67	)	$	(141	)

F-115

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Salem			Salinas		Saturn			Scepter			Sequoyah			Shallowford
Rental income	$	14,528		$	10,320	$	8,720		$	11,038		$	2,608		$	9,480
Operating expenses:
Depreciation		4,387			4,039		3,632			3,238			3,401			4,958
Insurance		751			507		473			588			566			887
Management fees, related party		984			1,096		527			963			865			1,549
Management Fees		1,111			420		605			509			327			306
Repairs & maintenance		688			-		-			246			5,255			1,163
Property taxes		2,232			1,266		1,302			1,670			1,371			2,806
Credit loss expense (recovery)		-			-		-			-			-			-
Loss on sale of property		-			-		-			-			-			-
Other operating expenses		3,235			689		831			1,477			4,183			1,627
Total operating expenses		13,389			8,017		7,369			8,690			15,968			13,296
Income (loss) from operations		1,139			2,303		1,350			2,348			(13,360	)		(3,816	)
Other expense
Interest expenses		4,983			-		3,262			3,698			4,613			6,251
Total other expenses		4,983			-		3,262			3,698			4,613			6,251
Net Income (Loss)	$	(3,845	)	$	2,303	$	(1,911	)	$	(1,350	)	$	(17,973	)	$	(10,066	)

F-116

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Shoreline			Sigma			Simon		Sims		Soapstone		Sodalis
Rental income	$	13,490		$	13,686		$	12,570	$	11,070	$	12,525	$	10,650
Operating expenses:
Depreciation		4,260			5,240			3,976		3,749		3,000		3,980
Insurance		1,079			983			696		617		870		861
Management fees, related party		624			820			1,397		1,153		725		1,199
Management Fees		757			978			460		551		777		569
Repairs & maintenance		599			2,051			-		712		-		1,269
Property taxes		4,175			2,350			761		1,500		1,401		4,075
Credit loss expense (recovery)		-			-			-		-		-		-
Loss on sale of property		-			-			-		-		-		-
Other operating expenses		699			1,350			1,363		1,394		900		557
Total operating expenses		12,194			13,771			8,653		9,676		7,673		12,511
Income (loss) from operations		1,296			(85	)		3,917		1,394		4,852		(1,861	)
Other expense
Interest expenses		4,877			5,268			-		-		2,704		-
Total other expenses		4,877			5,268			-		-		2,704		-
Net Income (Loss)	$	(3,581	)	$	(5,352	)	$	3,917	$	1,394	$	2,148	$	(1,861	)

F-117

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Spencer			Splash			Spring			Stonebriar			Sugar			Summerset
Rental income	$	13,519		$	9,450		$	10,170		$	8,370		$	12,300		$	11,615
Operating expenses:
Depreciation		4,157			2,978			3,401			2,787			4,279			5,058
Insurance		1,920			589			563			465			1,997			1,308
Management fees, related party		694			665			744			763			735			594
Management Fees		582			651			814			588			984			879
Repairs & maintenance		500			376			6,636			2,032			-			2,714
Property taxes		2,813			1,525			1,362			1,631			3,848			(356	)
Credit loss expense (recovery)		-			-			-			-			-			-
Loss on sale of property		-			-			-			-			-			-
Other operating expenses		1,232			1,020			1,103			951			1,139			1,301
Total operating expenses		11,898			7,804			14,622			9,217			12,982			11,497
Income (loss) from operations		1,621			1,646			(4,452	)		(847	)		(682	)		118
Other expense
Interest expenses		4,554			2,637			-			3,221			4,706			3,873
Total other expenses		4,554			2,637			-			3,221			4,706			3,873
Net Income (Loss)	$	(2,934	)	$	(990	)	$	(4,452	)	$	(4,068	)	$	(5,388	)	$	(3,755	)

F-118

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Sundance			Sunnyside		Swift		Taylor			Terracotta			Theodore
Rental income	$	13,470		$	8,348	$	13,532	$	9,780		$	8,380		$	10,100
Operating expenses:
Depreciation		5,102			3,039		5,287		3,689			3,787			3,947
Insurance		1,107			540		509		588			645			698
Management fees, related party		1,603			901		2,239		690			1,155			1,262
Management Fees		433			511		950		590			434			390
Repairs & maintenance		130			55		971		5,603			90			-
Property taxes		1,734			1,242		1,902		1,080			1,808			746
Credit loss expense (recovery)		-			-		-		-			-			-
Loss on sale of property		-			-		-		-			-			-
Other operating expenses		2,226			1,820		979		1,102			2,371			2,174
Total operating expenses		12,336			8,108		12,837		13,342			10,289			9,216
Income (loss) from operations		1,134			239		695		(3,562	)		(1,909	)		884
Other expense
Interest expenses		6,480			-		-		3,987			4,353			-
Total other expenses		6,480			-		-		3,987			4,353			-
Net Income (Loss)	$	(5,345	)	$	239	$	695	$	(7,549	)	$	(6,262	)	$	884

F-119

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Tulip			Tuscan			Tuscarora		Tuxford			Vernon			Walton
Rental income	$	13,420		$	11,475		$	14,520	$	7,868		$	11,478		$	11,220
Operating expenses:
Depreciation		4,363			4,439			4,591		3,601			3,619			4,123
Insurance		1,088			751			907		760			780			537
Management fees, related party		832			942			1,644		688			581			2,133
Management Fees		928			1,063			500		783			914			576
Repairs & maintenance		-			-			-		2,171			265			-
Property taxes		1,801			1,816			1,848		5,038			5,107			(1,984	)
Credit loss expense (recovery)		-			-			-		-			-			-
Loss on sale of property		-			-			-		-			-			-
Other operating expenses		933			2,731			1,274		2,757			1,269			2,339
Total operating expenses		9,945			11,742			10,763		15,798			12,535			7,724
Income (loss) from operations		3,475			(267	)		3,757		(7,930	)		(1,056	)		3,496
Other expense
Interest expenses		5,310			3,839			-		3,493			3,557			-
Total other expenses		5,310			3,839			-		3,493			3,557			-
Net Income (Loss)	$	(1,835	)	$	(4,107	)	$	3,757	$	(11,423	)	$	(4,614	)	$	3,496

F-120

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Wave			Weldon			Wellington			Wentworth			Wescott			Westchester
Rental income	$	6,336		$	8,625		$	14,369		$	10,830		$	9,720		$	14,895
Operating expenses:
Depreciation		4,596			2,906			6,241			3,417			3,765			4,687
Insurance		793			481			1,194			559			773			1,122
Management fees, related party		717			515			1,447			807			1,306			911
Management Fees		483			599			1,014			744			548			800
Repairs & maintenance		12,361			-			1,510			137			8,125			759
Property taxes		4,224			1,705			2,226			1,355			856			9,155
Credit loss expense (recovery)		-			-			-			-			-			-
Loss on sale of property		-			-			-			-			-			-
Other operating expenses		5,835			1,131			1,201			1,000			2,363			981
Total operating expenses		29,009			7,337			14,832			8,020			17,737			18,416
Income (loss) from operations		(22,672	)		1,288			(463	)		2,810			(8,017	)		(3,521	)
Other expense
Interest expenses		4,380			2,674			-			3,125			4,145			4,645
Total other expenses		4,380			2,674			-			3,125			4,145			4,645
Net Income (Loss)	$	(27,053	)	$	(1,386	)	$	(463	)	$	(314	)	$	(12,163	)	$	(8,166	)

F-121

ARRIVED HOMES, LLC AND ITS SERIES

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Wildwood			Willow		Wilson			Winchester		Windsor			Winston		Wisteria			Consolidated
Rental income	$	10,320		$	10,569	$	13,320		$	11,370	$	13,970		$	10,770	$	11,808		$	2,762,017
Operating expenses:
Depreciation		3,031			4,020		5,861			4,209		4,809			4,519		4,867			1,088,121
Insurance		534			420		716			924		2,282			595		1,196			229,411
Management fees, related party		1,158			1,247		1,693			1,189		786			987		653			322,836
Management Fees		420			477		596			503		947			862		580			141,599
Repairs & maintenance		-			571		1,757			588		-			-		169			268,495
Property taxes		1,846			416		1,916			1,458		3,796			1,812		1,401			543,264
Credit loss expense (recovery)		-			-		-			-		-			-		-			(960	)
Loss on sale of property		-			-		-			-		-			-		-			-
Other operating expenses		1,458			802		835			1,978		997			834		3,495			450,532
Total operating expenses		8,446			7,954		13,373			10,849		13,617			9,609		12,361			3,043,299
Income (loss) from operations		1,874			2,615		(53	)		521		353			1,161		(553	)		(281,282	)
Other expense
Interest expenses		3,074			-		-			-		5,311			-		4,966			578,090
Total other expenses		3,074			-		-			-		5,311			-		4,966			578,090
Net Income (Loss)	$	(1,201	)	$	2,615	$	(53	)	$	521	$	(4,959	)	$	1,161	$	(5,519	)	$	(859,372	)

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

F-122

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	100		101			Abbington		Amber			Apollo			Aster
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
Property taxes		806		933			1,334		5,579			1,982			1,286
Other operating expenses		2,174		3,404			3,255		810			990			3,005
Total operating expenses		16,783		17,787			16,913		16,049			8,087			17,024
Income (loss) from operations		4,912		(17,787	)		194		(4,679	)		1,543			(12,310	)
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	)

F-123

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Augusta			Avebury			Avondale			Badminton			Bandelier			Baron
Rental income	$	-		$	10,915		$	-		$	11,970		$	13,170		$	17,370
Total revenue		-			10,915			-			11,970			13,170			17,370
Operating expenses
Depreciation		-			3,995			-			3,505			4,170			8,229
Insurance		-			1,747			203			1,238			870			1,091
Management fees		-			1,624			165			1,509			1,862			4,725
Repair and maintenance		133			2,313			-			1,480			-			678
Property taxes		273			1,254			303			4,203			(202	)		1,765
Other operating expenses		856			1,156			3,305			877			1,702			1,119
Total operating expenses		1,262			12,088			3,975			12,812			8,401			17,606
Income (loss) from operations		(1,262	)		(1,173	)		(3,975	)		(842	)		4,769			(236	)
Other income (expenses)
Other income		-			-			-			-			-			10
Other expenses		-			-			-			-			-			-
Interest expense		-			(3,971	)		-			(4,070	)		(4,789	)		-
Total other income (expenses)		-			(3,971	)		-			(4,070	)		(4,789	)		10
Net income (loss)		(1,262	)		(5,144	)		(3,975	)		(4,912	)		(20	)		(226	)

F-124

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Basil			Bayside			Bazzel		Bedford			Bella			Belle
Rental income	$	7,475		$	12,570		$	9,075	$	12,852		$	-		$	13,611
Total revenue		7,475			12,570			9,075		12,852			-			13,611
Operating expenses
Depreciation		2,784			3,525			3,763		3,847			-			6,042
Insurance		666			866			577		820			98			812
Management fees		1,076			1,621			2,182		1,717			-			2,435
Repair and maintenance		-			1,848			-		250			-			11,501
Property taxes		1,622			6,906			905		1,313			224			(654	)
Other operating expenses		916			486			1,062		810			663			2,852
Total operating expenses		7,065			15,252			8,489		8,758			985			22,989
Income (loss) from operations		410			(2,682	)		587		4,094			(985	)		(9,378	)
Other income (expenses)
Other income		-			-			-		-			-			-
Other expenses		-			-			-		-			-			-
Interest expense		(2,228	)		(3,873	)		-		(3,835	)		-			-
Total other income (expenses)		(2,228	)		(3,873	)		-		(3,835	)		-			-
Net income (loss)		(1,818	)		(6,555	)		587		260			(985	)		(9,378	)

F-125

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Belvedere			Bergenia			Blossom			Bonneau			Brainerd			Braxton
Rental income	$	612		$	-		$	8,575		$	13,400		$	10,271		$	10,048
Total revenue		612			-			8,575			13,400			10,271			10,048
Operating expenses
Depreciation		-			-			3,495			5,137			3,998			4,458
Insurance		209			159			550			906			534			598
Management fees		218			-			1,521			2,080			1,762			1,844
Repair and maintenance		3,320			-			1,386			903			3,056			1,375
Property taxes		270			-			1,403			3,360			1,626			4,503
Other operating expenses		4,625			-			1,114			3,566			2,617			1,389
Total operating expenses		8,641			159			9,469			15,953			13,594			14,169
Income (loss) from operations		(8,029	)		(159	)		(894	)		(2,554	)		(3,322	)		(4,121	)
Other income (expenses)
Other income		-			-			-			-			-			-
Other expenses		-			-			-			-			-			-
Interest expense		-			-			-			-			(4,737	)		(493	)
Total other income (expenses)		-			-			-			-			(4,737	)		(493	)
Net income (loss)		(8,029	)		(159	)		(894	)		(2,554	)		(8,060	)		(4,614	)

F-126

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Brennan			Brooklyn			Burlington		Butter			Camino		Campbell
Rental income	$	3,625		$	3,244		$	20,483	$	18,379		$	8,775	$	-
Total revenue		3,625			3,244			20,483		18,379			8,775		-
Operating expenses
Depreciation		3,115			2,802			8,916		5,190			3,644		1,422
Insurance		776			382			1,243		2,099			518		220
Management fees		628			758			5,420		2,147			1,497		-
Repair and maintenance		4,426			6,785			505		-			-		166
Property taxes		227			855			2,013		5,415			1,458		4,770
Other operating expenses		313			1,895			1,396		973			990		3,286
Total operating expenses		9,484			13,477			19,493		15,824			8,107		9,863
Income (loss) from operations		(5,860	)		(10,233	)		990		2,555			668		(9,863	)
Other income (expenses)
Other income		-			18			43		-			-		-
Other expenses		-			-			-		-			-		(31,381	)
Interest expense		(4,495	)		(2,712	)		-		(5,130	)		-		-
Total other income (expenses)		(4,495	)		(2,694	)		43		(5,130	)		-		(31,381	)
Net income (loss)		(10,354	)		(12,926	)		1,033		(2,575	)		668		(41,245	)

F-127

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Cawley			Centennial			Chaparral			Chelsea			Chester			Chickamauga
Rental income	$	-		$	11,370		$	10,425		$	11,465		$	13,272		$	11,051
Total revenue		-			11,370			10,425			11,465			13,272			11,051
Operating expenses
Depreciation		-			3,917			2,700			4,234			5,944			5,129
Insurance		109			175			443			1,226			1,403			689
Management fees		-			1,501			1,317			1,734			2,248			2,001
Repair and maintenance		2,393			-			742			350			494			3,567
Property taxes		-			1,317			(749	)		(1,586	)		1,632			1,718
Other operating expenses		1,380			1,879			742			1,597			2,457			4,107
Total operating expenses		3,881			8,789			5,195			7,555			14,177			17,211
Income (loss) from operations		(3,881	)		2,581			5,230			3,910			(906	)		(6,160	)
Other income (expenses)
Other income		-			-			-			-			-			8
Other expenses		-			-			-			-			-			-
Interest expense		-			(4,438	)		(2,154	)		(4,215	)		(6,161	)		-
Total other income (expenses)		-			(4,438	)		(2,154	)		(4,215	)		(6,161	)		8
Net income (loss)		(3,881	)		(1,857	)		3,076			(305	)		(7,067	)		(6,152	)

F-128

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

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

F-129

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

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

F-130

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Cypress			Daisy			Davidson			Dawson			Delta			Dewberry
Rental income	$	13,927		$	10,170		$	8,626		$	10,073		$	-		$	6,625
Total revenue		13,927			10,170			8,626			10,073			-			6,625
Operating expenses
Depreciation		5,011			4,138			2,909			3,617			4,749			2,613
Insurance		891			597			572			858			1,061			788
Management fees		2,265			1,790			1,053			1,356			727			1,058
Repair and maintenance		4,159			1,497			-			150			-			-
Property taxes		1,573			1,024			2,728			3,539			2,171			2,964
Other operating expenses		2,159			1,774			825			1,905			14,099			919
Total operating expenses		16,058			10,819			8,088			11,425			22,808			8,342
Income (loss) from operations		(2,131	)		(649	)		539			(1,352	)		(22,808	)		(1,717	)
Other income (expenses)
Other income		-			-			-			-			-			-
Other expenses		-			-			-			-			-			-
Interest expense		(6,045	)		-			(2,879	)		(3,419	)		(4,435	)		(2,836	)
Total other income (expenses)		(6,045	)		-			(2,879	)		(3,419	)		(4,435	)		(2,836	)
Net income (loss)		(8,176	)		(649	)		(2,340	)		(4,771	)		(27,243	)		(4,553	)

F-131

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Diablo			Dogwood			Dolittle			Dolly			Dops			Dorchester
Rental income	$	730		$	9,838		$	12,800		$	9,059		$	4,950		$	11,707
Total revenue		730			9,838			12,800			9,059			4,950			11,707
Operating expenses
Depreciation		2,380			3,320			4,221			9,477			2,341			4,727
Insurance		1,186			491			2,136			1,256			1,326			897
Management fees		863			2,121			1,693			4,175			806			3,018
Repair and maintenance		-			1,567			185			1,273			1,950			3,906
Property taxes		1,541			1,320			4,592			1,298			1,128			3,442
Other operating expenses		4,475			1,309			1,505			4,920			2,742			2,172
Total operating expenses		10,445			10,128			14,333			22,400			10,292			18,162
Income (loss) from operations		(9,715	)		(290	)		(1,533	)		(13,341	)		(5,342	)		(6,455	)
Other income (expenses)
Other income		-			-			-			-			-			-
Other expenses		-			-			-			-			-			-
Interest expense		(4,067	)		-			(4,060	)		-			-			-
Total other income (expenses)		(4,067	)		-			(4,060	)		-			-			-
Net income (loss)		(13,782	)		(290	)		(5,593	)		(13,341	)		(5,342	)		(6,455	)

F-132

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Dunbar			Eagle			Eastfair			Elevation			Ella			Ellen
Rental income	$	2,749		$	12,120		$	10,770		$	15		$	5,617		$	-
Total revenue		2,749			12,120			10,770			15			5,617			-
Operating expenses
Depreciation		4,430			3,707			2,956			3,657			2,391			-
Insurance		637			852			746			1,193			151			-
Management fees		2,217			1,780			1,292			629			969			-
Repair and maintenance		2,285			-			-			-			4,541			-
Property taxes		535			1,061			1,601			3,668			2,572			-
Other operating expenses		5,872			1,108			1,280			2,892			5,946			557
Total operating expenses		15,976			8,508			7,875			12,039			16,570			557
Income (loss) from operations		(13,228	)		3,612			2,895			(12,024	)		(10,953	)		(557	)
Other income (expenses)
Other income		15			-			-			-			25			-
Other expenses		-			-			-			-			-			-
Interest expense		-			(4,529	)		(3,506	)		(4,240	)		(4,049	)		-
Total other income (expenses)		15			(4,529	)		(3,506	)		(4,240	)		(4,024	)		-
Net income (loss)		(13,213	)		(917	)		(611	)		(16,264	)		(14,977	)		(557	)

F-133

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Elm			Emporia			Ensenada			Falcon			Felix			Fenwick
Rental income	$	7,311		$	6,121		$	19,770		$	14,159		$	-		$	698
Total revenue		7,311			6,121			19,770			14,159			-			698
Operating expenses
Depreciation		2,300			4,918			6,666			3,723			-			-
Insurance		1,274			1,511			2,739			950			67			-
Management fees		996			1,397			2,812			1,943			-			70
Repair and maintenance		525			59			75			109			-			421
Property taxes		2,598			3,550			2,130			1,388			-			275
Other operating expenses		1,193			1,927			1,825			1,108			774			2,237
Total operating expenses		8,886			13,363			16,247			9,220			841			3,003
Income (loss) from operations		(1,575	)		(7,242	)		3,523			4,938			(841	)		(2,304	)
Other income (expenses)
Other income		-			-			-			-			-			-
Other expenses		-			-			-			-			-			-
Interest expense		(1,887	)		(4,790	)		(7,656	)		(4,529	)		-			-
Total other income (expenses)		(1,887	)		(4,790	)		(7,656	)		(4,529	)		-			-
Net income (loss)		(3,462	)		(12,032	)		(4,133	)		409			(841	)		(2,304	)

F-134

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Folly			Forest			Foster			Franklin			Gardens			General
Rental income	$	12,569		$	10,841		$	-		$	-		$	9,100		$	-
Total revenue		12,569			10,841			-			-			9,100			-
Operating expenses
Depreciation		5,126			4,823			-			-			3,031			-
Insurance		774			1,906			184			105			427			93
Management fees		2,890			1,728			-			-			1,310			-
Repair and maintenance		9,960			150			-			-			-			-
Property taxes		2,606			3,351			287			-			414			-
Other operating expenses		3,144			1,599			803			1,266			990			687
Total operating expenses		24,502			13,558			1,275			1,371			6,173			780
Income (loss) from operations		(11,933	)		(2,717	)		(1,275	)		(1,371	)		2,927			(780	)
Other income (expenses)
Other income		-			-			-			-			-			-
Other expenses		-			-			-			-			-			-
Interest expense		-			(5,302	)		-			-			(3,271	)		-
Total other income (expenses)		-			(5,302	)		-			-			(3,271	)		-
Net income (loss)		(11,933	)		(8,018	)		(1,275	)		(1,371	)		(344	)		(780	)

F-135

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	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		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		1,008			1,690			1,271			5,255			990			947
Total operating expenses		7,888			11,955			13,391			15,867			7,899			6,019
Income (loss) from operations		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)		(258	)		(2,626	)		(2,876	)		(11,902	)		(1,448	)		1,090

F-136

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

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

F-137

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Highland		Hines			Holcomb			Holland			Hollandaise			Holloway
Rental income	$	10,738	$	9,745		$	10,770		$	8,385		$	12,445		$	14,580
Total revenue		10,738		9,745			10,770			8,385			12,445			14,580
Operating expenses
Depreciation		3,942		3,510			4,880			2,909			5,028			4,672
Insurance		556		480			675			432			1,108			704
Management fees		1,678		2,332			2,909			1,188			1,889			1,906
Repair and maintenance		-		400			1,770			220			-			300
Property taxes		2,860		482			(757	)		2,783			2,609			4,390
Other operating expenses		1,185		2,736			1,351			1,335			2,459			1,200
Total operating expenses		10,222		9,940			10,828			8,867			13,093			13,171
Income (loss) from operations		517		(195	)		(58	)		(482	)		(648	)		1,409
Other income (expenses)
Other income		-		15			-			-			-			-
Other expenses		-		-			-			-			-			-
Interest expense		-		-			-			(2,879	)		(4,303	)		(5,160	)
Total other income (expenses)		-		15			-			(2,879	)		(4,303	)		(5,160	)
Net income (loss)		517		(180	)		(58	)		(3,361	)		(4,951	)		(3,751	)

F-138

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Inglewood			Jack			Jake			Jefferson			Jill			Johnny
Rental income	$	15,210		$	15,320		$	16,475		$	5,005		$	11,560		$	18,924
Total revenue		15,210			15,320			16,475			5,005			11,560			18,924
Operating expenses
Depreciation		9,377			6,377			8,093			3,148			5,461			8,049
Insurance		1,167			1,689			1,125			543			702			1,069
Management fees		3,254			2,384			4,770			948			2,203			4,923
Repair and maintenance		323			1,250			1,324			3,001			494			400
Property taxes		971			3,191			594			1,575			1,569			640
Other operating expenses		4,461			3,750			2,474			2,906			2,456			2,312
Total operating expenses		19,554			18,640			18,379			12,121			12,885			17,393
Income (loss) from operations		(4,343	)		(3,320	)		(1,904	)		(7,116	)		(1,324	)		1,531
Other income (expenses)
Other income		35			-			-			-			25			-
Other expenses		-			-			-			-			-			-
Interest expense		(493	)		(6,384	)		-			-			(6,669	)		(15,288	)
Total other income (expenses)		(458	)		(6,384	)		-			-			(6,644	)		(15,288	)
Net income (loss)		(4,801	)		(9,704	)		(1,904	)		(7,116	)		(7,968	)		(13,757	)

F-139

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	June			Jupiter			Kawana			Kennesaw			Kenny			KerriAnn
Rental income	$	19,945		$	9,020		$	10,498		$	14,970		$	15,275		$	14,528
Total revenue		19,945			9,020			10,498			14,970			15,275			14,528
Operating expenses
Depreciation		8,049			2,906			3,786			5,836			9,477			4,686
Insurance		1,050			1,050			600			789			1,068			660
Management fees		5,005			1,248			1,562			3,639			4,672			1,793
Repair and maintenance		-			75			-			497			784			328
Property taxes		1,041			2,863			611			(346	)		1,462			3,118
Other operating expenses		2,239			1,325			1,105			2,389			3,707			1,545
Total operating expenses		17,384			9,468			7,663			12,804			21,170			12,130
Income (loss) from operations		2,561			(448	)		2,835			2,166			(5,895	)		2,398
Other income (expenses)
Other income		-			-			-			-			-			-
Other expenses		-			-			-			-			-			-
Interest expense		(15,288	)		(3,262	)		(3,766	)		-			-			(4,655	)
Total other income (expenses)		(15,288	)		(3,262	)		(3,766	)		-			-			(4,655	)
Net income (loss)		(12,727	)		(3,709	)		(931	)		2,166			(5,895	)		(2,257	)

F-140

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Kessler			Kingsley			Kirkwood			Korin			Lallie			Lanier
Rental income	$	9,570		$	14,478		$	9,570		$	10,104		$	15,040		$	13,622
Total revenue		9,570			14,478			9,570			10,104			15,040			13,622
Operating expenses
Depreciation		4,111			4,290			3,592			3,823			5,115			5,194
Insurance		486			561			511			544			954			735
Management fees		1,607			1,792			1,526			1,366			2,052			1,942
Repair and maintenance		1,792			-			-			3,396			-			-
Property taxes		504			6,267			839			1,733			14,351			2,438
Other operating expenses		1,912			1,193			2,285			3,020			1,206			1,005
Total operating expenses		10,411			14,103			8,753			13,882			23,678			11,314
Income (loss) from operations		(841	)		375			817			(3,779	)		(8,638	)		2,308
Other income (expenses)
Other income		-			-			-			-			-			-
Other expenses		-			-			-			-			-			-
Interest expense		(6,385	)		(5,020	)		(4,358	)		-			(5,614	)		(6,313	)
Total other income (expenses)		(6,385	)		(5,020	)		(4,358	)		-			(5,614	)		(6,313	)
Net income (loss)		(7,226	)		(4,645	)		(3,541	)		(3,779	)		(14,252	)		(4,005	)

F-141

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Lannister			Latte		Lennox			Lierly			Lily			Limestone
Rental income	$	9,799		$	13,385	$	10,170		$	9,333		$	15,410		$	11,529
Total revenue		9,799			13,385		10,170			9,333			15,410			11,529
Operating expenses
Depreciation		3,027			5,011		2,978			2,932			7,493			4,023
Insurance		388			736		358			521			1,134			635
Management fees		1,301			3,158		1,343			1,219			2,452			1,615
Repair and maintenance		1,550			-		225			570			667			-
Property taxes		678			2,007		4,299			(1,031	)		1,199			3,752
Other operating expenses		990			1,035		1,288			1,525			1,795			1,163
Total operating expenses		7,933			11,948		10,491			5,736			14,739			11,187
Income (loss) from operations		1,866			1,437		(321	)		3,597			671			342
Other income (expenses)
Other income		-			-		-			-			-			-
Other expenses		-			-		-			-			-			-
Interest expense		(3,588	)		-		(3,267	)		(2,645	)		(6,087	)		(4,533	)
Total other income (expenses)		(3,588	)		-		(3,267	)		(2,645	)		(6,087	)		(4,533	)
Net income (loss)		(1,723	)		1,437		(3,589	)		952			(5,416	)		(4,191	)

F-142

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

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

F-143

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

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

F-144

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Malbec			Mammoth			Marcelo			Marie			Marietta			Marion
Rental income	$	8,930		$	16,985		$	8,040		$	9,395		$	9,475		$	-
Total revenue		8,930			16,985			8,040			9,395			9,475			-
Operating expenses
Depreciation		4,388			4,686			3,911			3,664			4,131			-
Insurance		1,040			687			733			632			589			-
Management fees		1,458			2,103			1,568			911			1,671			-
Repair and maintenance		-			1,125			1,633			3,137			750			-
Property taxes		3,353			2,953			1,564			1,752			244			234
Other operating expenses		1,645			1,005			2,884			4,439			1,533			1,515
Total operating expenses		11,884			12,559			12,293			14,535			8,918			1,749
Income (loss) from operations		(2,954	)		4,426			(4,254	)		(5,140	)		557			(1,749	)
Other income (expenses)
Other income		-			-			-			-			-			-
Other expenses		-			-			-			-			-			-
Interest expense		(4,891	)		(5,695	)		-			-			(5,039	)		-
Total other income (expenses)		(4,891	)		(5,695	)		-			-			(5,039	)		-
Net income (loss)		(7,844	)		(1,268	)		(4,254	)		(5,140	)		(4,482	)		(1,749	)

F-145

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Marple			Martell			Mary			Matchingham			McGregor		McLovin
Rental income	$	-		$	-		$	-		$	11,392		$	11,370	$	18,320
Total revenue		-			-			-			11,392			11,370		18,320
Operating expenses
Depreciation		-			-			-			2,913			4,132		6,219
Insurance		125			365			-			437			609		2,214
Management fees		88			130			-			1,388			2,748		2,636
Repair and maintenance		-			3,883			2,412			-			700		968
Property taxes		161			238			249			5,133			458		7,052
Other operating expenses		3,583			4,578			1,959			1,161			2,021		1,357
Total operating expenses		3,957			9,195			4,619			11,031			10,668		20,446
Income (loss) from operations		(3,957	)		(9,195	)		(4,619	)		362			702		(2,126	)
Other income (expenses)
Other income		-			-			-			-			-		5
Other expenses		-			-			-			-			-		-
Interest expense		-			-			-			(2,867	)		-		(7,179	)
Total other income (expenses)		-			-			-			(2,867	)		-		(7,174	)
Net income (loss)		(3,957	)		(9,195	)		(4,619	)		(2,505	)		702		(9,300	)

F-146

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Meadow			Mimosa			Mojave			Murphy			Mycroft			Nugget
Rental income	$	9,200		$	9,893		$	9,664		$	13,770		$	-		$	17,120
Total revenue		9,200			9,893			9,664			13,770			-			17,120
Operating expenses
Depreciation		4,410			2,956			3,525			4,085			-			7,694
Insurance		2,600			527			408			1,804			133			1,060
Management fees		1,512			1,436			1,353			1,755			90			4,635
Repair and maintenance		-			250			185			-			-			-
Property taxes		2,225			1,182			1,436			4,762			165			(4,830	)
Other operating expenses		1,473			1,178			995			1,190			3,498			2,850
Total operating expenses		12,220			7,530			7,902			13,595			3,886			11,409
Income (loss) from operations		(3,020	)		2,363			1,762			175			(3,886	)		5,711
Other income (expenses)
Other income		-			10			-			-			-			10
Other expenses		-			-			-			-			-			-
Interest expense		(4,203	)		(3,964	)		(3,731	)		(4,054	)		-			-
Total other income (expenses)		(4,203	)		(3,954	)		(3,731	)		(4,054	)		-			10
Net income (loss)		(7,224	)		(1,591	)		(1,969	)		(3,879	)		(3,886	)		5,721

F-147

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Odessa			Olive			Oly			Onyx			Oscar			Osceola
Rental income	$	13,975		$	11,924		$	11,515		$	-		$	-		$	-
Total revenue		13,975			11,924			11,515			-			-			-
Operating expenses
Depreciation		7,332			3,689			6,265			-			-			-
Insurance		2,554			2,206			1,412			-			63			-
Management fees		2,220			1,641			2,087			-			-			-
Repair and maintenance		4,842			2,100			-			-			-			6,462
Property taxes		1,016			4,259			3,841			298			-			257
Other operating expenses		3,581			1,037			1,270			1,112			663			885
Total operating expenses		21,546			14,932			14,875			1,410			725			7,603
Income (loss) from operations		(7,571	)		(3,008	)		(3,360	)		(1,410	)		(725	)		(7,603	)
Other income (expenses)
Other income		-			-			45			-			-			-
Other expenses		-			-			-			-			-			-
Interest expense		(7,315	)		(2,950	)		(7,192	)		-			-			-
Total other income (expenses)		(7,315	)		(2,950	)		(7,147	)		-			-			-
Net income (loss)		(14,886	)		(5,958	)		(10,507	)		(1,410	)		(725	)		(7,603	)

F-148

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Osprey			Otoro			Palmer			Patrick			Peanut			Pearl
Rental income	$	13,770		$	-		$	-		$	9,600		$	4,605		$	6,780
Total revenue		13,770			-			-			9,600			4,605			6,780
Operating expenses
Depreciation		5,490			5,243			-			3,096			2,964			7,498
Insurance		886			2,415			102			461			1,217			946
Management fees		3,125			1,021			-			1,333			1,014			3,741
Repair and maintenance		-			2,079			170			-			500			-
Property taxes		4,643			4,335			-			(1,649	)		478			1,120
Other operating expenses		1,113			10,663			1,055			895			1,040			4,679
Total operating expenses		15,256			25,757			1,327			4,138			7,213			17,985
Income (loss) from operations		(1,486	)		(25,757	)		(1,327	)		5,462			(2,608	)		(11,205	)
Other income (expenses)
Other income		-			-			-			-			-			10
Other expenses		-			-			-			-			-			-
Interest expense		-			(5,363	)		-			(2,139	)		(4,911	)		-
Total other income (expenses)		-			(5,363	)		-			(2,139	)		(4,911	)		10
Net income (loss)		(1,486	)		(31,120	)		(1,327	)		3,323			(7,519	)		(11,195	)

F-149

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

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

F-150

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

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

F-151

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Ribbonwalk			Richardson			Ridge			Ritter			River			Riverwalk
Rental income	$	6,110		$	8,400		$	10,769		$	8,098		$	12,245		$	11,975
Total revenue		6,110			8,400			10,769			8,098			12,245			11,975
Operating expenses
Depreciation		4,395			4,325			2,992			6,932			3,662			5,427
Insurance		671			580			942			1,169			883			973
Management fees		1,334			1,687			1,388			3,552			1,618			3,314
Repair and maintenance		375			919			-			10,399			-			736
Property taxes		2,099			1,133			4,260			(725	)		2,452			703
Other operating expenses		2,032			1,591			1,591			4,594			1,170			2,352
Total operating expenses		10,906			10,235			11,173			25,920			9,785			13,505
Income (loss) from operations		(4,796	)		(1,835	)		(404	)		(17,823	)		2,460			(1,530	)
Other income (expenses)
Other income		-			-			-			-			-			-
Other expenses		-			-			-			-			-			-
Interest expense		(4,380	)		-			(3,680	)		-			(4,017	)		-
Total other income (expenses)		(4,380	)		-			(3,680	)		-			(4,017	)		-
Net income (loss)		(9,177	)		(1,835	)		(4,084	)		(17,823	)		(1,558	)		(1,530	)

F-152

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Rooney			Roseberry			Rosewood			Roxy			Saddlebred			Saint
Rental income	$	12,570		$	11,965		$	9,971		$	11,970		$	11,975		$	10,325
Total revenue		12,570			11,965			9,971			11,970			11,975			10,325
Operating expenses
Depreciation		4,422			4,513			3,719			4,479			7,639			3,771
Insurance		1,300			1,093			2,306			2,639			3,635			1,331
Management fees		1,858			1,850			1,525			1,746			2,020			1,636
Repair and maintenance		-			-			-			465			1,148			-
Property taxes		2,381			(3,037	)		737			1,018			1,940			1,623
Other operating expenses		2,706			1,177			1,110			2,290			1,261			1,032
Total operating expenses		12,667			5,596			9,397			12,637			17,643			9,393
Income (loss) from operations		(97	)		6,369			574			(667	)		(5,668	)		932
Other income (expenses)
Other income		-			-			-			25			-			-
Other expenses		-			-			-			-			-			-
Interest expense		(5,591	)		(4,924	)		(4,525	)		(5,277	)		(6,496	)		(4,146	)
Total other income (expenses)		(5,591	)		(4,924	)		(4,525	)		(5,252	)		(6,496	)		(4,146	)
Net income (loss)		(5,688	)		1,445			(3,951	)		(5,919	)		(12,164	)		(3,214	)

F-153

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Sajni			Salem			Salinas			Saturn			Scepter			Sequoyah
Rental income	$	8,454		$	11,130		$	6,941		$	7,820		$	10,075		$	5,848
Total revenue		8,454			11,130			6,941			7,820			10,075			5,848
Operating expenses
Depreciation		3,457			4,387			2,093			2,984			3,238			3,401
Insurance		1,200			1,362			529			1,292			1,303			502
Management fees		1,276			1,602			1,015			1,152			1,395			1,212
Repair and maintenance		6,123			160			10,745			-			2,309			6,647
Property taxes		1,650			1,794			1,265			2,685			1,911			1,437
Other operating expenses		7,618			1,656			8,285			1,335			3,897			3,587
Total operating expenses		21,324			10,961			23,933			9,449			14,053			16,786
Income (loss) from operations		(12,870	)		169			(16,992	)		(1,629	)		(3,978	)		(10,938	)
Other income (expenses)
Other income		-			-			-			-			-			20
Other expenses		-			-			-			-			-			-
Interest expense		-			(4,983	)		-			(3,262	)		(3,698	)		(4,050	)
Total other income (expenses)		-			(4,983	)		-			(3,262	)		(3,698	)		(4,030	)
Net income (loss)		(12,870	)		(4,814	)		(16,992	)		(4,891	)		(7,676	)		(14,968	)

F-154

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Shallowford			Shoreline			Sigma			Simon			Sims			Soapstone
Rental income	$	13,501		$	16,965		$	13,815		$	-		$	-		$	9,900
Total revenue		13,501			16,965			13,815			-			-			9,900
Operating expenses
Depreciation		4,970			4,260			5,327			-			-			3,000
Insurance		1,377			1,382			1,189			94			-			545
Management fees		2,236			1,982			1,925			-			136			1,292
Repair and maintenance		1,075			-			-			2,527			235			189
Property taxes		5,925			4,266			4,210			-			250			(1,273	)
Other operating expenses		2,378			1,286			1,575			1,986			4,239			945
Total operating expenses		17,961			13,176			14,226			4,607			4,861			4,699
Income (loss) from operations		(4,460	)		3,789			(411	)		(4,607	)		(4,861	)		5,201
Other income (expenses)
Other income		8			-			-			-			-			-
Other expenses		-			-			-			-			-			-
Interest expense		(5,996	)		(4,948	)		(5,268	)		-			-			(2,561	)
Total other income (expenses)		(5,988	)		(4,948	)		(5,268	)		-			-			(2,561	)
Net income (loss)		(10,448	)		(1,159	)		(5,679	)		(4,607	)		(4,861	)		2,640

F-155

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Sodalis			Spencer			Splash			Spring		Stonebriar			Sugar
Rental income	$	8,368		$	11,615		$	8,125		$	10,170	$	6,975		$	10,770
Total revenue		8,368			11,615			8,125			10,170		6,975			10,770
Operating expenses
Depreciation		3,980			4,157			2,978			3,401		2,787			4,279
Insurance		596			1,550			437			505		898			1,532
Management fees		2,119			1,623			1,210			1,558		1,103			1,597
Repair and maintenance		1,340			282			462			-		2,823			-
Property taxes		(715	)		3,068			(276	)		2,084		1,520			2,347
Other operating expenses		3,088			1,034			1,174			1,053		1,379			1,197
Total operating expenses		10,408			11,714			5,984			8,602		10,510			10,952
Income (loss) from operations		(2,040	)		(99	)		2,141			1,568		(3,535	)		(182	)
Other income (expenses)
Other income		-			-			-			-		-			-
Other expenses		-			-			-			-		-			-
Interest expense		-			(4,554	)		(2,366	)		-		(3,221	)		(5,354	)
Total other income (expenses)		-			(4,554	)		(2,366	)		-		(3,221	)		(5,354	)
Net income (loss)		(2,040	)		(4,653	)		(225	)		1,568		(6,756	)		(5,536	)

F-156

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

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

F-157

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

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

F-158

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Walton			Wave			Weldon			Wellington			Wentworth			Wescott
Rental income	$	5,492		$	-		$	8,670		$	14,370		$	8,389		$	10,770
Total revenue		5,492			-			8,670			14,370			8,389			10,770
Operating expenses
Depreciation		4,123			4,569			2,906			6,139			3,417			3,765
Insurance		600			1,680			1,133			1,157			413			1,556
Management fees		2,175			717			1,209			2,365			2,021			1,940
Repair and maintenance		4,184			-			450			2,774			-			-
Property taxes		2,250			2,860			1,374			(419	)		1,357			2,146
Other operating expenses		7,139			2,506			1,335			2,934			995			2,016
Total operating expenses		20,471			12,332			8,407			14,950			8,204			11,423
Income (loss) from operations		(14,979	)		(12,332	)		263			(580	)		186			(653	)
Other income (expenses)
Other income		-			-			-			-			-			20
Other expenses		-			-			-			-			-			-
Interest expense		(10,173	)		(4,380	)		(2,674	)		-			(3,129	)		(4,145	)
Total other income (expenses)		(10,173	)		(4,380	)		(2,674	)		-			(3,129	)		(4,125	)
Net income (loss)		(25,152	)		(16,712	)		(2,411	)		(580	)		(2,944	)		(4,778	)

F-159

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Westchester			Wildwood			Willow			Wilson			Windsor
Rental income	$	15,845		$	13,047		$	10,520		$	13,345		$	23,750
Total revenue		15,845			13,047			10,520			13,345			23,750
Operating expenses
Depreciation		4,687			3,031			4,025			5,861			4,809
Insurance		1,610			1,821			585			764			1,179
Management fees		2,178			1,866			1,791			2,293			2,686
Repair and maintenance		220			-			1,130			1,204			-
Property taxes		7,572			(90	)		1,611			2,106			(1,614	)
Other operating expenses		1,274			1,885			1,479			1,631			1,608
Total operating expenses		17,541			8,512			10,620			13,860			8,668
Income (loss) from operations		(1,696	)		4,535			(100	)		(515	)		15,082
Other income (expenses)
Other income		-			30			-			-			-
Other expenses		-			-			-			-			-
Interest expense		(5,055	)		(3,074	)		-			-			(5,311	)
Total other income (expenses)		(5,055	)		(3,044	)		-			-			(5,311	)
Net income (loss)		(6,751	)		1,491			(100	)		(515	)		9,771

F-160

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Winston			Wisteria			Consolidated
Rental income	$	7,911		$	11,000			2,182,209
Total revenue		7,911			11,000			2,182,209
Operating expenses
Depreciation		4,519			4,076			901,791
Insurance		625			1,565			200,296
Management fees		1,620			1,533			393,997
Repair and maintenance		360			175			270,188
Property taxes		1,809			(1,229	)		367,457
Other operating expenses		1,619			1,587			491,513
Total operating expenses		10,553			7,706			2,625,243
Income (loss) from operations		(2,641	)		3,294			(443,034	)
Other income (expenses)
Other income		-			-			500
Other expenses		-			-			(31,381	)
Interest expense		-			(4,966	)		(628,272	)
Total other income (expenses)		-			(4,966	)		(659,153	)
Net income (loss)		(2,641	)		(1,672	)		(1,102,187	)

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

F-161

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	100			101			Abbington			Abernant			Alvin			Amber
Balance at January 1, 2024		594,713			582,046			458,151			(5,563	)		(4,954	)		86,890
Issuance of membership units, net of offering costs		(1,300	)		(3,600	)		-			252,032			345,786			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(7,823	)		(5,602	)		(5,322	)		(6,257	)		(8,966	)		(1,430	)
Net income (loss)		(4,055	)		(2,610	)		(1,618	)		(3,843	)		1,388			(4,348	)
Balance at June 30, 2024	$	581,535		$	570,234		$	451,211		$	236,369		$	333,255		$	81,111

F-162

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Apollo			Aster			Augusta			Avebury			Avondale			Badminton
Balance at January 1, 2024		59,321			119,930			315,424			81,236			338,391			62,192
Issuance of membership units, net of offering costs		(300	)		(100	)		-			(500	)		-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(975	)		(1,589	)		(7,495	)		(1,126	)		(5,132	)		(1,798	)
Net income (loss)		(2,662	)		(3,387	)		2,793			(4,579	)		(1,780	)		(3,633	)
Balance at June 30, 2024	$	55,385		$	114,855		$	310,722		$	75,030		$	331,479		$	56,761

F-163

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Ballinger			Bandelier			Baron			Basil			Bayside			Bazzel
Balance at January 1, 2024		319,272			104,974			555,958			55,865			77,674			235,519
Issuance of membership units, net of offering costs		-			-			(540	)		-			(100	)		(500	)
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(7,993	)		(1,357	)		(4,620	)		(2,042	)		(3,224	)		(3,078	)
Net income (loss)		(4,417	)		(1,921	)		(3,518	)		675			(3,539	)		(886	)
Balance at June 30, 2024	$	306,861		$	101,697		$	547,280		$	54,498		$	70,811		$	231,055

F-164

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Bedford			Bella			Belle			Belvedere			Bergenia			Blossom
Balance at January 1, 2024		91,534			309,049			403,592			310,281			233,188			258,124
Issuance of membership units, net of offering costs		-			-			-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(2,297	)		(7,327	)		(4,443	)		(8,848	)		(6,446	)		(6,002	)
Net income (loss)		(11,182	)		(1,549	)		(640	)		3,549			2,005			(3,088	)
Balance at June 30, 2024	$	78,055		$	300,172		$	398,508		$	304,982		$	228,747		$	249,034

F-165

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Bonneau			Brainerd			Braxton			Brennan			Briarwood			Brooklyn
Balance at January 1, 2024		323,758			156,724			313,883			51,413			226,325			77,133
Issuance of membership units, net of offering costs		(2,100	)		-			-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(5,548	)		(4,501	)		(8,829	)		(805	)		(6,467	)		(2,067	)
Net income (loss)		1,035			(1,961	)		(3,174	)		(16,352	)		(899	)		(1,855	)
Balance at June 30, 2024	$	317,144		$	150,261		$	301,879		$	34,256		$	218,960		$	73,211

F-166

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Burlington			Butter			Calvin			Camino			Cawley			Centennial
Balance at January 1, 2024		613,517			99,117			257,076			269,909			330,247			84,594
Issuance of membership units, net of offering costs		(1,000	)		(100	)		-			(2,200	)		-			(200	)
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(5,134	)		(2,215	)		(6,766	)		(6,383	)		(8,640	)		(2,803	)
Net income (loss)		(434	)		(14,446	)		1,115			979			2,613			(715	)
Balance at June 30, 2024	$	606,950		$	82,355		$	251,426		$	262,305		$	324,221		$	80,877

F-167

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Chaparral			Chelsea			Chester			Chickamauga			Chinook			Chitwood
Balance at January 1, 2024		82,340			93,350			195,419			379,446			312,617			376,491
Issuance of membership units, net of offering costs		-			(500	)		(400	)		-			-			(500	)
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(2,693	)		(3,172	)		(2,484	)		(8,913	)		(7,469	)		(8,162	)
Net income (loss)		(1,760	)		(1,497	)		(5,799	)		1,923			46			1,524
Balance at June 30, 2024	$	77,887		$	88,181		$	186,737		$	372,457		$	305,193		$	369,353

F-168

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Clover			Coatbridge			Collier			Collinston			Conway			Cove
Balance at January 1, 2024		321,408			71,177			333,677			53,806			650,075			219,469
Issuance of membership units, net of offering costs		(200	)		-			(300	)		-			(600	)		-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(4,659	)		(1,558	)		(5,332	)		(204	)		(4,662	)		(1,971	)
Net income (loss)		(6,348	)		(7,610	)		165			(10,498	)		(9,845	)		(7,586	)
Balance at June 30, 2024	$	310,201		$	62,009		$	328,210		$	43,104		$	634,968		$	209,912

F-169

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Creekside			Creekwood			Cumberland			Cupcake			Cypress			Daisy
Balance at January 1, 2024		307,945			151,312			301,324			75,699			186,253			298,668
Issuance of membership units, net of offering costs		(1,500	)		-			(2,100	)		-			-			(2,600	)
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(7,300	)		(2,349	)		(6,157	)		(4,044	)		(2,805	)		(6,421	)
Net income (loss)		2,321			(2,788	)		389			(1,851	)		(7,735	)		1,850
Balance at June 30, 2024	$	301,467		$	146,175		$	293,456		$	69,804		$	175,712		$	291,497

F-170

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Davidson			Dawson			Delta			Dewberry			Diablo			Dogwood
Balance at January 1, 2024		47,233			58,451			51,210			55,358			57,498			240,982
Issuance of membership units, net of offering costs		-			-			-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(1,340	)		(1,403	)		(434	)		(1,924	)		(1,225	)		(4,723	)
Net income (loss)		(194	)		(7,968	)		(23,135	)		(3,297	)		(3,211	)		297
Balance at June 30, 2024	$	45,699		$	49,080		$	27,641		$	50,137		$	53,062		$	236,557

F-171

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Dolittle			Dolly			Dops			Dorchester			Dunbar			Eagle
Balance at January 1, 2024		85,280			663,182			208,836			325,303			282,263			154,904
Issuance of membership units, net of offering costs		-			(350	)		-			(500	)		(200	)		(1,000	)
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(2,861	)		(3,384	)		(5,896	)		(5,249	)		(3,157	)		(4,835	)
Net income (loss)		(3,288	)		(11,055	)		639			367			(2,250	)		(2,088	)
Balance at June 30, 2024	$	79,131		$	648,393		$	203,579		$	319,921		$	276,657		$	146,980

F-172

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Eastfair			Eastwood			Elevation			Ella			Ellen			Elm
Balance at January 1, 2024		46,722			338,973			65,056			260,478			261,367			44,836
Issuance of membership units, net of offering costs		(100	)		-			(100	)		(100	)		-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(2,160	)		(2,772	)		(1,470	)		(7,078	)		(6,300	)		(1,511	)
Net income (loss)		(4,986	)		(11,896	)		(13,181	)		1,389			6,944			(2,536	)
Balance at June 30, 2024	$	39,476		$	324,306		$	50,304		$	254,689		$	262,011		$	40,788

F-173

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Emporia			Ensenada			Falcon			Felix			Fenwick			Fletcher
Balance at January 1, 2024		83,249			160,861			152,047			261,943			313,918			191,724
Issuance of membership units, net of offering costs		-			-			(600	)		-			-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(2,256	)		(1,525	)		(4,571	)		(6,630	)		(8,057	)		(5,602	)
Net income (loss)		(2,487	)		(18,380	)		(283	)		2,164			6,252			2,368
Balance at June 30, 2024	$	78,506		$	140,956		$	146,593		$	257,477		$	312,113		$	188,489

F-174

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Folly			Forest			Foster			Franklin			Gardens			General
Balance at January 1, 2024		295,682			81,213			332,461			310,871			77,825			321,727
Issuance of membership units, net of offering costs		(400	)		-			-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(4,349	)		(649	)		(10,152	)		(6,281	)		(2,229	)		(8,539	)
Net income (loss)		577			(11,806	)		4,421			(1,555	)		(3,212	)		4,035
Balance at June 30, 2024	$	291,511		$	68,758		$	326,731		$	303,035		$	72,384		$	317,223

F-175

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Goose			Grant			Greenhill			Gretal			Grove			Hadden
Balance at January 1, 2024		141,607			110,433			91,431			451,575			67,338			79,348
Issuance of membership units, net of offering costs		(250	)		-			-			-			-			(500	)
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(4,778	)		(3,526	)		(3,276	)		(8,789	)		(1,113	)		(2,695	)
Net income (loss)		(859	)		(1,901	)		(1,770	)		33			(4,950	)		(2,663	)
Balance at June 30, 2024	$	135,720		$	105,006		$	86,384		$	442,820		$	61,275		$	73,491

F-176

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Hansard			Hansel			Hargrave			Harrison			Henry			Heritage
Balance at January 1, 2024		313,472			196,181			(4,083	)		237,950			384,249			76,886
Issuance of membership units, net of offering costs		(100	)		-			259,629			(1,950	)		(1,400	)		-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(8,663	)		(2,164	)		(4,230	)		(3,895	)		(1,413	)		(1,699	)
Net income (loss)		2,869			(11,875	)		(8,062	)		(5,869	)		(24,200	)		(4,899	)
Balance at June 30, 2024	$	307,578		$	182,142		$	243,254		$	226,235		$	357,236		$	70,288

F-177

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Heron			Highland			Hines			Hobbes			Holcomb			Holland
Balance at January 1, 2024		86,296			275,933			249,789			253,081			347,189			56,958
Issuance of membership units, net of offering costs		-			(500	)		(500	)		-			-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(1,714	)		(4,865	)		(3,716	)		(4,177	)		(6,049	)		(1,101	)
Net income (loss)		(7,009	)		2,313			(617	)		(7,761	)		717			(2,092	)
Balance at June 30, 2024	$	77,572		$	272,881		$	244,957		$	241,143		$	341,857		$	53,765

F-178

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Hollandaise			Holloway			Inglewood			Irene			Jack			Jake
Balance at January 1, 2024		114,926			100,243			661,009			191,502			119,501			548,874
Issuance of membership units, net of offering costs		(400	)		-			(1,050	)		-			-			(1,000	)
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(1,462	)		(3,689	)		(7,629	)		(5,880	)		(1,688	)		(6,403	)
Net income (loss)		(23,590	)		(3,900	)		(6,854	)		3,413			(4,960	)		(1,325	)
Balance at June 30, 2024	$	89,473		$	92,654		$	645,477		$	189,035		$	112,852		$	540,146

F-179

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Jefferson			Jill			Johnny			June			Jupiter			Kawana
Balance at January 1, 2024		282,870			209,230			537,900			541,248			64,237			85,994
Issuance of membership units, net of offering costs		-			-			(2,000	)		(500	)		-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(7,976	)		(4,103	)		(5,307	)		(4,713	)		(735	)		(2,818	)
Net income (loss)		4,254			(5,665	)		(2,714	)		97			(4,968	)		(2,595	)
Balance at June 30, 2024	$	279,148		$	199,462		$	527,879		$	536,132		$	58,534		$	80,581

F-180

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Kennesaw			Kenny			KerriAnn			Kessler			Kingsley			Kirkwood
Balance at January 1, 2024		414,906			673,437			83,068			131,393			78,599			73,583
Issuance of membership units, net of offering costs		(1,100	)		(2,850	)		(2,500	)		(100	)		-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(5,194	)		(787	)		(728	)		(1,161	)		(2,688	)		(1,612	)
Net income (loss)		(1,769	)		(18,377	)		(16,258	)		(7,004	)		(7,852	)		(3,654	)
Balance at June 30, 2024	$	406,843		$	651,423		$	63,582		$	123,129		$	68,059		$	68,317

F-181

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Korin			Lallie			Lanier			Lannister			Latte			Lennox
Balance at January 1, 2024		283,739			78,613			112,605			56,650			358,125			65,718
Issuance of membership units, net of offering costs		-			-			-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(7,877	)		(1,363	)		(1,848	)		(975	)		(5,674	)		(2,818	)
Net income (loss)		3,128			(12,673	)		(11,669	)		(4,547	)		620			(2,521	)
Balance at June 30, 2024	$	278,990		$	64,576		$	99,089		$	51,129		$	353,071		$	60,379

F-182

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Lierly			Lily			Limestone			Litton			Longwoods			Lookout
Balance at January 1, 2024		75,997			145,760			76,674			175,400			281,331			333,510
Issuance of membership units, net of offering costs		-			-			-			(100	)		-			(200	)
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(4,255	)		(1,611	)		(1,014	)		(3,190	)		(6,844	)		(5,481	)
Net income (loss)		(1,878	)		(7,156	)		(20,409	)		(3,037	)		(1,083	)		(2,641	)
Balance at June 30, 2024	$	69,863		$	136,993		$	55,251		$	169,073		$	273,404		$	325,189

F-183

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Loretta			Louis			Louise			Lovejoy			Luna			Lurleen
Balance at January 1, 2024		662,939			288,474			94,031			72,578			45,060			111,046
Issuance of membership units, net of offering costs		(7,700	)		-			-			(500	)		-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(5,749	)		(7,032	)		(2,276	)		(2,420	)		(1,041	)		(3,549	)
Net income (loss)		(2,055	)		3,416			(7,256	)		(3,648	)		(7,739	)		(2,157	)
Balance at June 30, 2024	$	647,435		$	284,857		$	84,499		$	66,010		$	36,279		$	105,340

F-184

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Madison			Mae			Magnolia			Malbec			Mammoth			Marcelo
Balance at January 1, 2024		88,297			348,853			69,864			91,461			80,035			283,064
Issuance of membership units, net of offering costs		-			(400	)		(1,000	)		(100	)		-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(1,279	)		(7,335	)		(1,290	)		(3,556	)		(366	)		(7,429	)
Net income (loss)		(525	)		1,604			(4,257	)		(3,699	)		(28,180	)		1,834
Balance at June 30, 2024	$	86,493		$	342,722		$	63,317		$	84,105		$	51,489		$	277,468

F-185

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Marie			Marietta			Marion			Marple			Martell			Mary
Balance at January 1, 2024		330,281			144,459			265,793			185,111			263,183			282,657
Issuance of membership units, net of offering costs		-			-			-			-			(300	)		-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(10,032	)		(1,612	)		(5,871	)		(5,491	)		(4,647	)		(7,715	)
Net income (loss)		5,070			(8,876	)		(3,129	)		1,092			(7,570	)		4,164
Balance at June 30, 2024	$	325,319		$	133,972		$	256,794		$	180,712		$	250,666		$	279,106

F-186

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Matchingham			McGregor			McLovin			Meadow			Mimosa			Mojave
Balance at January 1, 2024		62,943			287,433			140,027			97,301			110,821			66,670
Issuance of membership units, net of offering costs		-			-			-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(3,439	)		(5,137	)		(3,995	)		(2,319	)		(3,583	)		(3,176	)
Net income (loss)		(2,719	)		(1,786	)		(4,883	)		(2,946	)		(3,120	)		761
Balance at June 30, 2024	$	56,785		$	280,510		$	131,149		$	92,035		$	104,118		$	64,256

F-187

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Murphy			Mycroft			Nugget			Odessa			Olive			Oly
Balance at January 1, 2024		84,745			189,637			527,454			107,183			88,603			148,506
Issuance of membership units, net of offering costs		-			(200	)		(2,500	)		(100	)		-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(1,135	)		(5,451	)		(7,451	)		(2,406	)		(2,594	)		(2,336	)
Net income (loss)		(10,818	)		3,090			(246	)		(6,103	)		(4,736	)		(9,079	)
Balance at June 30, 2024	$	72,792		$	187,076		$	517,258		$	98,574		$	81,273		$	137,091

F-188

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Onyx			Oscar			Osceola			Osprey			Otoro			Palmer
Balance at January 1, 2024		340,043			255,653			284,474			345,659			64,418			304,533
Issuance of membership units, net of offering costs		-			-			-			(100	)		(680	)		-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(6,341	)		(6,179	)		(6,196	)		(4,433	)		(782	)		(6,526	)
Net income (loss)		(124	)		2,594			(1,412	)		312			(25,688	)		(4,073	)
Balance at June 30, 2024	$	333,578		$	252,068		$	276,866		$	341,438		$	37,268		$	293,934

F-189

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Patrick			Peanut			Pearl			Pecan			Peterson			Piedmont
Balance at January 1, 2024		88,643			68,384			517,843			86,154			244,203			202,141
Issuance of membership units, net of offering costs		-			(300	)		(1,000	)		-			-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(1,866	)		(2,030	)		(7,909	)		(4,298	)		(6,967	)		(2,783	)
Net income (loss)		(3,610	)		(1,912	)		(2,945	)		(535	)		2,930			(6,951	)
Balance at June 30, 2024	$	83,167		$	64,142		$	505,989		$	81,322		$	240,166		$	192,408

F-190

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Pinot			Pioneer			Plumtree			Point			Porthos			Quincy
Balance at January 1, 2024		97,930			552,083			86,419			114,176			317,214			503,308
Issuance of membership units, net of offering costs		-			(100	)		-			-			-			(3,750	)
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(3,375	)		(5,016	)		(4,929	)		(1,261	)		(8,754	)		(3,678	)
Net income (loss)		(2,887	)		(5,450	)		(906	)		(19,249	)		927			(726	)
Balance at June 30, 2024	$	91,668		$	541,517		$	80,584		$	93,665		$	309,387		$	495,154

F-191

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Redondo			Regency			Reginald			Reynolds			Ribbonwalk			Richardson
Balance at January 1, 2024		156,396			151,349			412,678			426,507			79,773			313,915
Issuance of membership units, net of offering costs		-			-			(2,450	)		(500	)		-			(1,200	)
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(2,854	)		(5,208	)		(5,362	)		(7,273	)		(1,596	)		(6,808	)
Net income (loss)		(3,482	)		(3,096	)		(1,146	)		481			(4,385	)		2,021
Balance at June 30, 2024	$	150,060		$	143,045		$	403,720		$	419,214		$	73,792		$	307,927

F-192

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Richmond			Ridge			Ritter			River			Riverwalk			Rooney
Balance at January 1, 2024		(6,154	)		70,221			468,854			83,045			386,873			95,046
Issuance of membership units, net of offering costs		414,717			-			(1,000	)		(100	)		(200	)		-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(11,285	)		(2,798	)		(3,770	)		(3,785	)		(2,813	)		(1,702	)
Net income (loss)		(1,700	)		(3,000	)		(11,499	)		140			(5,875	)		(3,242	)
Balance at June 30, 2024	$	395,577		$	64,424		$	452,585		$	79,299		$	377,985		$	90,102

F-193

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Roseberry			Rosewood			Roxy			Saddlebred			Saint			Sajni
Balance at January 1, 2024		98,321			76,048			89,633			121,332			109,504			303,788
Issuance of membership units, net of offering costs		-			-			-			(100	)		-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(3,129	)		(1,557	)		(1,747	)		(2,136	)		(3,710	)		(8,158	)
Net income (loss)		(2,613	)		(3,514	)		(4,959	)		(6,711	)		(67	)		(141	)
Balance at June 30, 2024	$	92,578		$	70,976		$	82,927		$	112,385		$	105,727		$	295,489

F-194

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Salem			Salinas			Saturn			Scepter			Sequoyah			Shallowford
Balance at January 1, 2024		94,622			212,726			65,030			70,772			120,340			181,574
Issuance of membership units, net of offering costs		(200	)		-			-			(100	)		-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(3,580	)		(4,376	)		(1,748	)		(1,836	)		(858	)		(1,971	)
Net income (loss)		(3,845	)		2,303			(1,911	)		(1,350	)		(17,973	)		(10,066	)
Balance at June 30, 2024	$	86,997		$	210,654		$	61,371		$	67,486		$	101,509		$	169,537

F-195

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Shoreline			Sigma			Simon			Sims			Soapstone			Sodalis
Balance at January 1, 2024		73,683			107,785			302,058			285,308			80,345			278,889
Issuance of membership units, net of offering costs		-			-			-			-			-			(2,100	)
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(2,139	)		(2,749	)		(7,978	)		(6,750	)		(3,601	)		(4,490	)
Net income (loss)		(3,581	)		(5,352	)		3,917			1,394			2,148			(1,861	)
Balance at June 30, 2024	$	67,963		$	99,683		$	297,997		$	279,952		$	78,892		$	270,438

F-196

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Spencer			Splash			Spring			Stonebriar			Sugar			Summerset
Balance at January 1, 2024		88,471			79,726			243,698			56,469			97,170			70,725
Issuance of membership units, net of offering costs		(200	)		-			-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(3,428	)		(4,003	)		(5,043	)		(975	)		(2,159	)		(828	)
Net income (loss)		(2,934	)		(990	)		(4,452	)		(4,068	)		(5,388	)		(3,755	)
Balance at June 30, 2024	$	81,909		$	74,733		$	234,203		$	51,426		$	89,623		$	66,141

F-197

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Sundance			Sunnyside			Swift			Taylor			Terracotta			Theodore
Balance at January 1, 2024		160,145			234,608			341,318			113,555			96,781			299,969
Issuance of membership units, net of offering costs		-			-			-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(3,169	)		(6,165	)		(5,608	)		(2,055	)		(2,206	)		(7,291	)
Net income (loss)		(5,345	)		239			695			(7,549	)		(6,262	)		884
Balance at June 30, 2024	$	151,631		$	228,682		$	336,405		$	103,951		$	88,313		$	293,562

F-198

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Tulip			Tuscan			Tuscarora			Tuxford			Vernon			Walton
Balance at January 1, 2024		67,164			125,639			343,747			64,308			66,717			256,038
Issuance of membership units, net of offering costs		(300	)		-			-			-			-			(1,500	)
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(1,846	)		(3,685	)		(9,144	)		(952	)		(1,833	)		(3,613	)
Net income (loss)		(1,835	)		(4,107	)		3,757			(11,423	)		(4,614	)		3,496
Balance at June 30, 2024	$	63,183		$	117,847		$	338,360		$	51,932		$	60,270		$	254,422

F-199

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Wave			Weldon			Wellington			Wentworth			Wescott			Westchester
Balance at January 1, 2024		57,312			66,712			406,987			71,795			120,950			122,383
Issuance of membership units, net of offering costs		-			-			(700	)		-			-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(418	)		(1,470	)		(8,483	)		(4,049	)		(1,563	)		(4,001	)
Net income (loss)		(27,053	)		(1,386	)		(463	)		(314	)		(12,163	)		(8,166	)
Balance at June 30, 2024	$	29,841		$	63,856		$	397,341		$	67,432		$	107,225		$	110,217

F-200

ARRIVED HOMES, LLC AND ITS SERIES

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

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Wildwood			Willow			Wilson			Winchester			Windsor			Winston			Wisteria			Consolidated
Balance at January 1, 2024		113,442			289,615			379,202			277,879			108,799			334,099			87,823			49,705,994
Issuance of membership units, net of offering costs		-			(1,600	)		(100	)		-			-			(1,100	)		-			1,198,394
Deemed contribution from Manager		-			-			-			-			-			-			-			-
Distributions		(2,626	)		(6,015	)		(7,886	)		(8,167	)		(4,725	)		(7,122	)		(1,685	)		(990,663	)
Net income (loss)		(1,201	)		2,615			(53	)		521			(4,959	)		1,161			(5,519	)		(859,372	)
Balance at June 30, 2024	$	109,616		$	284,616		$	371,163		$	270,233		$	99,116		$	327,037		$	80,619		$	49,054,353

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

F-201

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
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
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	)
Balance at June 30, 2023	$	609,526		$	615,254		$	463,279		$	93,115		$	62,889		$	124,192

F-202

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

	Augusta			Avebury			Avondale			Badminton			Bandelier			Baron
Balance at January 1, 2023	$	-		$	92,573		$	-		$	84,054		$	110,135		$	574,107
Issuance of membership units, net of offering costs		-			-			359,466			-			-			-
Deemed contribution from Manager		30			-			-			-			-			-
Distributions		-			(2,503	)		-			(3,444	)		(2,360	)		(10,411	)
Net income (loss)		(1,262	)		(5,144	)		(3,975	)		(4,912	)		(20	)		(226	)
Balance at June 30, 2023	$	(1,232	)	$	84,926		$	355,490		$	75,697		$	107,755		$	563,470

F-203

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

	Basil			Bayside			Bazzel			Bedford			Bella			Belle
Balance at January 1, 2023	$	70,288		$	99,814		$	256,450		$	98,872		$	-		$	446,293
Issuance of membership units, net of offering costs		-			-			-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(2,836	)		(3,815	)		(4,360	)		(3,421	)		-			(6,528	)
Net income (loss)		(1,818	)		(6,555	)		587			260			(985	)		(9,378	)
Balance at June 30, 2023	$	65,634		$	89,445		$	252,677		$	95,711		$	(985	)	$	430,387

F-204

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

	Belvedere			Bergenia			Blossom			Bonneau			Brainerd			Braxton
Balance at January 1, 2023	$	-		$	-		$	275,525		$	340,414		$	172,962		$	334,693
Issuance of membership units, net of offering costs		322,875			-			-			-			-			(100	)
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		-			-			(7,326	)		(6,263	)		(3,671	)		(9,880	)
Net income (loss)		(8,029	)		(159	)		(894	)		(2,554	)		(8,060	)		(4,614	)
Balance at June 30, 2023	$	314,845		$	(159	)	$	267,306		$	331,598		$	161,232		$	320,099

F-205

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

	Brennan			Brooklyn			Burlington			Butter			Camino			Campbell
Balance at January 1, 2023	$	(10,323	)	$	102,768		$	640,125		$	116,216		$	280,251		$	(19,436	)
Issuance of membership units, net of offering costs		90,822			99			-			(2,500	)		-			-
Deemed contribution from Manager		(2,443	)		-			-			-			-			-
Distributions		(849	)		(2,466	)		(11,597	)		(3,989	)		(7,137	)		-
Net income (loss)		(10,354	)		(12,926	)		1,033			(2,575	)		668			(41,245	)
Balance at June 30, 2023	$	66,853		$	87,475		$	629,561		$	107,152		$	273,782		$	(60,680	)

F-206

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

	Cawley			Centennial			Chaparral			Chelsea			Chester			Chickamauga
Balance at January 1, 2023	$	-		$	95,037		$	89,185		$	102,632		$	210,665		$	3,049
Issuance of membership units, net of offering costs		-			-			-			-			-			398,181
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		-			(2,839	)		(4,192	)		(3,299	)		(2,732	)		(9,478	)
Net income (loss)		(3,881	)		(1,857	)		3,076			(305	)		(7,067	)		(6,152	)
Balance at June 30, 2023	$	(3,881	)	$	90,341		$	88,070		$	99,028		$	200,866		$	385,600

F-207

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

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

F-208

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Conway			Cove			Creekside			Creekwood			Cumberland			Cupcake
Balance at January 1, 2023	$	681,755		$	-		$	324,614		$	168,173		$	313,735		$	82,851
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	)
Net income (loss)		(5,189	)		(2,903	)		753			(4,545	)		1,087			(555	)
Balance at June 30, 2023	$	664,833		$	225,394		$	315,878		$	161,493		$	307,571		$	77,994

F-209

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Cypress			Daisy			Davidson			Dawson			Delta			Dewberry
Balance at January 1, 2023	$	204,742		$	315,110		$	60,995		$	73,939		$	100,118		$	69,213
Issuance of membership units, net of offering costs		-			-			-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(2,953	)		(6,989	)		(1,387	)		(2,302	)		(2,321	)		(2,382	)
Net income (loss)		(8,176	)		(649	)		(2,340	)		(4,771	)		(27,243	)		(4,553	)
Balance at June 30, 2023	$	193,613		$	307,472		$	57,268		$	66,866		$	70,553		$	62,278

F-210

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Diablo			Dogwood			Dolittle			Dolly			Dops			Dorchester
Balance at January 1, 2023	$	76,957		$	250,991		$	103,056		$	697,006		$	(900	)	$	350,394
Issuance of membership units, net of offering costs		-			(100	)		-			(2,500	)		221,871			-
Deemed contribution from Manager		-			-			-			-			(262	)		-
Distributions		(1,806	)		(5,577	)		(3,075	)		(11,092	)		(2,647	)		(6,012	)
Net income (loss)		(13,782	)		(290	)		(5,593	)		(13,341	)		(5,342	)		(6,455	)
Balance at June 30, 2023	$	61,369		$	245,024		$	94,388		$	670,072		$	212,719		$	337,927

F-211

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Dunbar			Eagle			Eastfair			Elevation			Ella			Ellen
Balance at January 1, 2023	$	318,473		$	157,055		$	69,956		$	99,050		$	-		$	-
Issuance of membership units, net of offering costs		(100	)		-			-			-			283,479			-
Deemed contribution from Manager		-			-			-			-			896			-
Distributions		(4,449	)		(3,894	)		(2,881	)		(2,011	)		(3,374	)		-
Net income (loss)		(13,213	)		(917	)		(611	)		(16,264	)		(14,977	)		(557	)
Balance at June 30, 2023	$	300,712		$	152,243		$	66,464		$	80,775		$	266,024		$	(557	)

F-212

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Elm			Emporia			Ensenada			Falcon			Felix			Fenwick
Balance at January 1, 2023	$	61,659		$	113,623		$	177,988		$	154,723		$	-		$	-
Issuance of membership units, net of offering costs		-			(100	)		-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			388
Distributions		(2,053	)		(2,288	)		(5,087	)		(3,688	)		-			-
Net income (loss)		(3,462	)		(12,032	)		(4,133	)		409			(841	)		(2,304	)
Balance at June 30, 2023	$	56,145		$	99,203		$	168,767		$	151,444		$	(841	)	$	(1,916	)

F-213

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Folly			Forest			Foster			Franklin			Gardens			General
Balance at January 1, 2023	$	322,669		$	112,792		$	-		$	-		$	90,486		$	-
Issuance of membership units, net of offering costs		-			-			-			-			-			-
Deemed contribution from Manager		-			-			82			-			-			-
Distributions		(5,799	)		(3,733	)		-			-			(2,645	)		-
Net income (loss)		(11,933	)		(8,018	)		(1,275	)		(1,371	)		(344	)		(780	)
Balance at June 30, 2023	$	304,937		$	101,040		$	(1,193	)	$	(1,371	)	$	87,498		$	(780	)

F-214

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	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)		(258	)		(2,626	)		(2,876	)		(11,902	)		(1,448	)		1,090
Balance at June 30, 2023	$	140,466		$	112,819		$	102,675		$	456,749		$	72,902		$	82,417

F-215

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Hansard			Hansel			Harrison			Henry			Heritage			Heron
Balance at January 1, 2023	$	(900	)	$	222,297		$	254,440		$	417,931		$	88,728		$	98,180
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	)
Net income (loss)		(4,828	)		(14,967	)		(5,258	)		(2,614	)		(3,443	)		(4,187	)
Balance at June 30, 2023	$	317,751		$	203,056		$	244,801		$	408,186		$	83,285		$	91,708

F-216

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Highland			Hines			Holcomb			Holland			Hollandaise			Holloway
Balance at January 1, 2023	$	282,783		$	259,919		$	359,072		$	68,008		$	125,632		$	121,577
Issuance of membership units, net of offering costs		-			-			-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(5,177	)		(5,320	)		(6,546	)		(1,516	)		(3,288	)		(4,574	)
Net income (loss)		517			(180	)		(58	)		(3,361	)		(4,951	)		(3,751	)
Balance at June 30, 2023	$	278,122		$	254,418		$	352,468		$	63,131		$	117,393		$	113,252

F-217

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Inglewood			Jack			Jake			Jefferson			Jill			Johnny
Balance at January 1, 2023	$	684,630		$	143,237		$	597,448		$	(900	)	$	229,017		$	568,318
Issuance of membership units, net of offering costs		(100	)		-			(1,000	)		294,864			-			-
Deemed contribution from Manager		-			-			-			2,893			-			-
Distributions		(10,932	)		(3,119	)		(10,781	)		(3,515	)		(4,290	)		(9,981	)
Net income (loss)		(4,801	)		(9,704	)		(1,904	)		(7,116	)		(7,968	)		(13,757	)
Balance at June 30, 2023	$	668,797		$	130,413		$	583,763		$	286,227		$	216,759		$	544,580

F-218

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	June			Jupiter			Kawana			Kennesaw			Kenny			KerriAnn
Balance at January 1, 2023	$	570,463		$	71,731		$	93,538		$	426,903		$	700,843		$	95,660
Issuance of membership units, net of offering costs		-			-			-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(10,641	)		(1,680	)		(3,046	)		(7,286	)		(11,108	)		(2,045	)
Net income (loss)		(12,727	)		(3,709	)		(931	)		2,166			(5,895	)		(2,257	)
Balance at June 30, 2023	$	547,094		$	66,342		$	89,560		$	421,783		$	683,840		$	91,359

F-219

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Kessler			Kingsley			Kirkwood			Korin			Lallie			Lanier
Balance at January 1, 2023	$	146,499		$	101,900		$	82,431		$	(1,308	)	$	123,846		$	131,558
Issuance of membership units, net of offering costs		-			-			-			298,785			-			(100	)
Deemed contribution from Manager		-			-			-			(939	)		-			-
Distributions		(1,732	)		(3,912	)		(1,702	)		(3,893	)		(3,171	)		(2,970	)
Net income (loss)		(7,226	)		(4,645	)		(3,541	)		(3,779	)		(14,252	)		(4,005	)
Balance at June 30, 2023	$	137,541		$	93,343		$	77,188		$	288,866		$	106,423		$	124,482

F-220

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Lannister			Latte			Lennox			Lierly			Lily			Limestone
Balance at January 1, 2023	$	65,502		$	375,130		$	85,080		$	81,700		$	162,022		$	106,459
Issuance of membership units, net of offering costs		(100	)		-			-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(1,520	)		(6,661	)		(3,390	)		(4,066	)		(3,607	)		(4,524	)
Net income (loss)		(1,723	)		1,437			(3,589	)		952			(5,416	)		(4,191	)
Balance at June 30, 2023	$	62,159		$	369,906		$	78,102		$	78,586		$	153,000		$	97,744

F-221

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Litton			Longwoods			Lookout			Loretta			Louis			Louise
Balance at January 1, 2023	$	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		(4,497	)		-			(5,805	)		(11,670	)		-			(3,705	)
Net income (loss)		(7,425	)		(1,546	)		93			(5,551	)		(2,018	)		(2,264	)
Balance at June 30, 2023	$	179,899		$	(1,176	)	$	337,625		$	679,019		$	(1,912	)	$	98,897

F-222

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Lovejoy			Luna			Lurleen			Madison			Mae			Magnolia
Balance at January 1, 2023	$	93,689		$	68,442		$	(1,596	)	$	105,115		$	374,107		$	79,416
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	)
Net income (loss)		(4,599	)		(1,752	)		(6,142	)		(13,531	)		(574	)		(3,148	)
Balance at June 30, 2023	$	86,141		$	63,638		$	124,426		$	93,565		$	365,171		$	74,473

F-223

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

	Malbec			Mammoth			Marcelo			Marie			Marietta			Marion
Balance at January 1, 2023	$	113,333		$	111,366		$	299,825		$	(900	)	$	170,915		$	-
Issuance of membership units, net of offering costs		-			-			(100	)		341,882			-			-
Deemed contribution from Manager		-			-			-			3,438			-			333
Distributions		(4,963	)		(2,342	)		(7,430	)		(4,447	)		(3,663	)		-
Net income (loss)		(7,844	)		(1,268	)		(4,254	)		(5,140	)		(4,482	)		(1,749	)
Balance at June 30, 2023	$	100,525		$	107,756		$	288,041		$	334,832		$	162,770		$	(1,416	)

F-224

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Marple			Martell			Mary			Matchingham			McGregor			McLovin
Balance at January 1, 2023	$	-		$	-		$	-		$	76,536		$	298,839		$	161,841
Issuance of membership units, net of offering costs		196,682			286,198			-			-			-			-
Deemed contribution from Manager		376			-			675			-			-			-
Distributions		-			-			-			(3,110	)		(6,600	)		(4,618	)
Net income (loss)		(3,957	)		(9,195	)		(4,619	)		(2,505	)		702			(9,300	)
Balance at June 30, 2023	$	193,101		$	277,003		$	(3,944	)	$	70,921		$	292,941		$	147,923

F-225

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Meadow			Mimosa			Mojave			Murphy			Mycroft			Nugget
Balance at January 1, 2023	$	111,898		$	125,096		$	76,249		$	101,077		$	-		$	555,985
Issuance of membership units, net of offering costs		-			(3,510	)		-			-			200,772			-
Deemed contribution from Manager		-			-			-			-			252			-
Distributions		(2,303	)		(3,448	)		(3,425	)		(3,917	)		-			(10,051	)
Net income (loss)		(7,224	)		(1,591	)		(1,969	)		(3,879	)		(3,886	)		5,721
Balance at June 30, 2023	$	102,371		$	116,548		$	70,855		$	93,280		$	197,138		$	551,655

F-226

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Odessa			Olive			Oly			Onyx			Oscar			Osceola
Balance at January 1, 2023	$	150,309		$	111,685		$	168,914		$	-		$	-		$	-
Issuance of membership units, net of offering costs		-			-			-			-			-			-
Deemed contribution from Manager		-			-			-			283			-			7
Distributions		(3,282	)		(3,686	)		(4,587	)		-			-			-
Net income (loss)		(14,886	)		(5,958	)		(10,507	)		(1,410	)		(725	)		(7,603	)
Balance at June 30, 2023	$	132,141		$	102,041		$	153,820		$	(1,127	)	$	(725	)	$	(7,596	)

F-227

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Osprey			Otoro			Palmer			Patrick			Peanut			Pearl
Balance at January 1, 2023	$	359,692		$	122,842		$	-		$	91,661		$	80,736		$	555,868
Issuance of membership units, net of offering costs		-			-			-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			7,527
Distributions		(6,448	)		(2,557	)		-			(3,053	)		(2,065	)		(11,075	)
Net income (loss)		(1,486	)		(31,120	)		(1,327	)		3,323			(7,519	)		(11,195	)
Balance at June 30, 2023	$	351,757		$	89,165		$	(1,327	)	$	91,931		$	71,152		$	541,125

F-228

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

	Pecan			Piedmont			Pinot			Pioneer			Plumtree			Point
Balance at January 1, 2023	$	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		-			-			-			-			-			-
Distributions		(4,169	)		(2,835	)		(5,000	)		(8,482	)		(5,005	)		(3,343	)
Net income (loss)		145			(7,429	)		(2,363	)		3,054			4,789			(5,563	)
Balance at June 30, 2023	$	88,272		$	209,286		$	104,198		$	568,740		$	91,062		$	121,267

F-229

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

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Porthos			Quincy			Redondo			Regency			Reginald			Reynolds
Balance at January 1, 2023	$	-		$	553,575		$	180,868		$	(1,167	)	$	426,237		$	436,550
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	)
Net income (loss)		(1,902	)		(10,953	)		(14,526	)		(3,778	)		1,981			4,219
Balance at June 30, 2023	$	(1,665	)	$	533,606		$	162,859		$	155,989		$	420,488		$	432,905

F-230

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

	Ribbonwalk			Richardson			Ridge			Ritter			River			Riverwalk
Balance at January 1, 2023	$	90,883		$	328,483		$	83,550		$	506,679		$	100,942		$	402,648
Issuance of membership units, net of offering costs		-			(200	)		-			-			-			(100	)
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(2,083	)		(6,636	)		(3,120	)		(8,127	)		(4,066	)		(8,166	)
Net income (loss)		(9,177	)		(1,835	)		(4,084	)		(17,823	)		(1,558	)		(1,530	)
Balance at June 30, 2023	$	79,624		$	319,811		$	76,345		$	480,730		$	95,319		$	392,853

F-231

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

	Rooney			Roseberry			Rosewood			Roxy			Saddlebred			Saint
Balance at January 1, 2023	$	107,342		$	109,042		$	83,715		$	101,734		$	143,605		$	120,330
Issuance of membership units, net of offering costs		-			-			-			(400	)		-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(2,499	)		(3,656	)		(1,811	)		(2,008	)		(2,967	)		(3,695	)
Net income (loss)		(5,688	)		1,445			(3,951	)		(5,919	)		(12,164	)		(3,214	)
Balance at June 30, 2023	$	99,155		$	106,832		$	77,953		$	93,407		$	128,473		$	113,421

F-232

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

	Sajni			Salem			Salinas			Saturn			Scepter			Sequoyah
Balance at January 1, 2023	$	-		$	109,633		$	-		$	76,128		$	83,236		$	146,901
Issuance of membership units, net of offering costs		323,300			-			251,086			-			-			-
Deemed contribution from Manager		1,424			-			948			-			-			-
Distributions		(4,204	)		(4,526	)		(2,990	)		(1,448	)		(1,743	)		(3,365	)
Net income (loss)		(12,870	)		(4,814	)		(16,992	)		(4,891	)		(7,676	)		(14,968	)
Balance at June 30, 2023	$	307,650		$	100,293		$	232,052		$	69,789		$	73,816		$	128,567

F-233

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

	Shallowford			Shoreline			Sigma			Simon			Sims			Soapstone
Balance at January 1, 2023	$	200,450		$	97,216		$	122,373		$	-		$	-		$	84,806
Issuance of membership units, net of offering costs		-			-			-			-			289,893			-
Deemed contribution from Manager		-			-			-			-			1,053			-
Distributions		(3,898	)		(3,544	)		(3,396	)		-			-			(3,601	)
Net income (loss)		(10,448	)		(1,159	)		(5,679	)		(4,607	)		(4,861	)		2,640
Balance at June 30, 2023	$	186,104		$	92,513		$	113,299		$	(4,607	)	$	286,085		$	83,845

F-234

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

	Sodalis			Spencer			Splash			Spring			Stonebriar			Sugar
Balance at January 1, 2023	$	291,596		$	106,749		$	91,827		$	253,852		$	66,437		$	115,048
Issuance of membership units, net of offering costs		-			-			-			-			-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(5,042	)		(4,425	)		(4,249	)		(5,463	)		(1,514	)		(2,497	)
Net income (loss)		(2,040	)		(4,653	)		(225	)		1,568			(6,756	)		(5,536	)
Balance at June 30, 2023	$	284,514		$	97,671		$	87,353		$	249,958		$	58,166		$	107,016

F-235

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

	Summerset			Sundance			Sunnyside			Swift			Taylor			Terracotta
Balance at January 1, 2023	$	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		(1,867	)		(3,592	)		(3,162	)		(7,504	)		(2,071	)		(3,630	)
Net income (loss)		(1,653	)		(12,160	)		2,764			3,031			(3,584	)		(8,112	)
Balance at June 30, 2023	$	81,194		$	168,344		$	241,739		$	345,622		$	133,057		$	101,350

F-236

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

	Theodore			Tulip			Tuscan			Tuscarora			Tuxford			Vernon
Balance at January 1, 2023	$	-		$	97,441		$	131,864		$	(900	)	$	78,935		$	82,726
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	)
Net income (loss)		(1,828	)		(15,864	)		1,294			(9,644	)		(5,573	)		(5,996	)
Balance at June 30, 2023	$	(1,828	)	$	79,334		$	127,235		$	348,093		$	71,072		$	74,292

F-237

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

	Walton			Wave			Weldon			Wellington			Wentworth			Wescott
Balance at January 1, 2023	$	290,069		$	99,105		$	72,614		$	425,944		$	83,990		$	138,760
Issuance of membership units, net of offering costs		-			(2,500	)		-			(200	)		-			-
Deemed contribution from Manager		-			-			-			-			-			-
Distributions		(4,850	)		(2,118	)		(1,531	)		(8,021	)		(4,303	)		(2,664	)
Net income (loss)		(25,152	)		(16,712	)		(2,411	)		(580	)		(2,944	)		(4,778	)
Balance at June 30, 2023	$	260,068		$	77,775		$	68,671		$	417,144		$	76,744		$	131,318

F-238

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

	Westchester			Wildwood			Willow			Wilson			Windsor			Winston			Wisteria			Consolidated
Balance at January 1, 2023	$	151,038		$	120,130		$	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		(5,069	)		(2,494	)		(6,116	)		(8,485	)		(4,957	)		(7,243	)		(2,554	)		(910,997	)
Net income (loss)		(6,751	)		1,491			(100	)		(515	)		9,771			(2,641	)		(1,672	)		(1,102,187	)
Balance at June 30, 2023	$	139,218		$	119,128		$	296,771		$	391,441		$	129,502		$	341,685		$	97,948		$	42,654,789

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

F-239

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	100			101			Abbington			Abernant			Alvin			Amber
Cash Flows from Operating Activities:
Net income (loss)	$	(4,055	)	$	(2,610	)	$	(1,618	)	$	(3,843	)	$	1,388		$	(4,348	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		8,445			8,719			7,247			3,124			4,368			4,208
Amortization		-			-			-			-			-			38
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		-			(3,095	)		(2,845	)		(1,745	)		(2,545	)		(1,950	)
Prepaid expenses		-			-			(233	)		(212	)		(254	)		(1,838	)
Due from (to) third party property managers		(1,503	)		(3,042	)		-			(1,781	)		-			(1,210	)
Increase (decrease) in liabilities
Accrued expenses		8,492			10,449			5,352			3,989			5,294			2,531
Tenant deposits		-			3,095			2,845			1,745			2,545			1,950
Due to (from) related parties		(11,100	)		11,014			(6,751	)		38,349			60,686			3,641
Net cash provided by (used in) operating activities		279			24,530			3,997			39,626			71,481			3,022
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			(269,946	)		(384,721	)		-
Net proceeds from the issuance of membership units		(1,300	)		(3,600	)		-			252,032			345,786			-
Distributions		(7,823	)		(5,602	)		(5,322	)		(6,257	)		(8,966	)		(1,430	)
Net cash provided by (used in) financing activities		(9,123	)		(9,202	)		(5,322	)		(24,171	)		(47,900	)		(1,430	)
Net change in cash		(8,844	)		15,327			(1,325	)		15,455			23,581			1,591
Cash at beginning of the period		29,547			5,396			10,509			546			4,872			3,401
Cash at end of of the period	$	20,703		$	20,723		$	9,185		$	16,001		$	28,452		$	4,992
Cash paid for income taxes	$	1,467		$	1,533		$	1,157		$	-		$	100		$	-
Cash paid for interest expenses	$	-		$	-		$	-		$	-		$	-		$	3,929
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	198,781
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-240

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Apollo			Aster			Augusta			Avebury			Avondale			Badminton
Cash Flows from Operating Activities:
Net income (loss)	$	(2,662	)	$	(3,387	)	$	2,793		$	(4,579	)	$	(1,780	)	$	(3,633	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		2,691			3,504			4,075			3,995			4,523			4,230
Amortization		58			193			-			38			-			42
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		-			(2,245	)		(1,995	)		-			-			(2,195	)
Prepaid expenses		(2,223	)		(1,435	)		(509	)		(1,848	)		-			(1,261	)
Due from (to) third party property managers		(2,558	)		(951	)		(1,895	)		(1,903	)		(204	)		(2,794	)
Increase (decrease) in liabilities
Accrued expenses		1,477			1,541			4,748			1,736			3,126			1,833
Tenant deposits		-			2,245			1,995			-			-			2,195
Due to (from) related parties		4,880			7,446			2,984			3,353			(1,498	)		7,858
Net cash provided by (used in) operating activities		1,665			6,911			12,197			793			4,168			6,274
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		(300	)		(100	)		-			(500	)		-			-
Distributions		(975	)		(1,589	)		(7,495	)		(1,126	)		(5,132	)		(1,798	)
Net cash provided by (used in) financing activities		(1,275	)		(1,689	)		(7,495	)		(1,626	)		(5,132	)		(1,798	)
Net change in cash		390			5,222			4,702			(833	)		(964	)		4,476
Cash at beginning of the period		518			1,362			20,996			2,956			16,728			317
Cash at end of of the period	$	908		$	6,584		$	25,698		$	2,123		$	15,764		$	4,793
Cash paid for income taxes	$	-		$	-		$	-		$	-		$	-		$	98
Cash paid for interest expenses	$	3,897		$	4,416		$	-		$	3,971		$	-		$	4,070
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	133,262		$	124,393		$	-		$	200,904		$	-		$	171,964
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-241

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Ballinger			Bandelier			Baron			Basil			Bayside			Bazzel
Cash Flows from Operating Activities:
Net income (loss)	$	(4,417	)	$	(1,921	)	$	(3,518	)	$	675		$	(3,539	)	$	(886	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		4,108			4,134			8,003			2,784			3,525			3,763
Amortization		-			43			-			34			40			-
Credit loss expense (recovery)		-			-			-			(960	)		-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(2,320	)		-			(2,895	)		(1,595	)		(2,619	)		(1,845	)
Prepaid expenses		-			(2,852	)		-			(1,467	)		(3,689	)		(943	)
Due from (to) third party property managers		(2,223	)		(857	)		-			(2,807	)		(2,701	)		(2,480	)
Increase (decrease) in liabilities
Accrued expenses		4,419			1,406			4,364			1,642			2,086			4,247
Tenant deposits		2,320			-			2,895			1,595			2,619			1,845
Due to (from) related parties		(3,772	)		6,261			(2,124	)		7,490			10,395			(2,838	)
Net cash provided by (used in) operating activities		(1,887	)		6,215			6,725			7,392			6,117			864
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			(540	)		-			(100	)		(500	)
Distributions		(7,993	)		(1,357	)		(4,620	)		(2,042	)		(3,224	)		(3,078	)
Net cash provided by (used in) financing activities		(7,993	)		(1,357	)		(5,160	)		(2,042	)		(3,324	)		(3,578	)
Net change in cash		(9,880	)		4,859			1,565			5,350			2,793			(2,714	)
Cash at beginning of the period		25,175			14,176			18,044			1,067			1,125			16,160
Cash at end of of the period	$	15,295		$	19,035		$	19,609		$	6,417		$	3,918		$	13,445
Cash paid for income taxes	$	347		$	-		$	-		$	84		$	107		$	273
Cash paid for interest expenses	$	-		$	4,789		$	-		$	3,078		$	3,873		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	-		$	242,573		$	-		$	129,771		$	163,583		$	-
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-242

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Bedford			Bella			Belle			Belvedere			Bergenia			Blossom
Cash Flows from Operating Activities:
Net income (loss)	$	(11,182	)	$	(1,549	)	$	(640	)	$	3,549		$	2,005		$	(3,088	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		3,847			4,206			6,042			4,051			4,977			3,495
Amortization		(13	)		-			-			-			-			-
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		-			(1,945	)		(2,649	)		(2,295	)		(1,845	)		(1,745	)
Prepaid expenses		(2,026	)		(492	)		(799	)		-			-			(208	)
Due from (to) third party property managers		-			(1,607	)		(2,815	)		(3,938	)		(1,526	)		(247	)
Increase (decrease) in liabilities
Accrued expenses		1,433			3,518			4,635			4,668			3,683			5,626
Tenant deposits		-			1,945			2,649			2,295			1,845			1,745
Due to (from) related parties		7,158			(5,010	)		5,660			(19,990	)		74			(10,225	)
Net cash provided by (used in) operating activities		(783	)		(935	)		12,083			(11,659	)		9,213			(4,648	)
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			-
Distributions		(2,297	)		(7,327	)		(4,443	)		(8,848	)		(6,446	)		(6,002	)
Net cash provided by (used in) financing activities		(2,297	)		(7,327	)		(4,443	)		(8,848	)		(6,446	)		(6,002	)
Net change in cash		(3,079	)		(8,262	)		7,639			(20,507	)		2,767			(10,650	)
Cash at beginning of the period		12,611			13,396			5,101			20,507			16,933			24,959
Cash at end of of the period	$	9,531		$	5,134		$	12,741		$	-		$	19,700		$	14,309
Cash paid for income taxes	$	83		$	-		$	-		$	-		$	-		$	-
Cash paid for interest expenses	$	3,785		$	-		$	-		$	-		$	-		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	194,544		$	-		$	-		$	-		$	-		$	-
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-243

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Bonneau			Brainerd			Braxton			Brennan			Briarwood			Brooklyn
Cash Flows from Operating Activities:
Net income (loss)	$	1,035		$	(1,961	)	$	(3,174	)	$	(16,352	)	$	(899	)	$	(1,855	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		5,137			3,998			4,452			3,115			2,866			2,907
Amortization		-			363			-			65			-			207
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(2,295	)		(2,595	)		(2,045	)		(1,545	)		(1,995	)		(1,249	)
Prepaid expenses		(267	)		(325	)		(487	)		(2,444	)		(237	)		(227	)
Due from (to) third party property managers		(2,410	)		(2,070	)		(1,875	)		(3,608	)		(1,232	)		(3,144	)
Increase (decrease) in liabilities
Accrued expenses		6,753			5,155			4,076			1,528			4,011			3,364
Tenant deposits		2,295			2,595			2,045			1,545			1,995			1,249
Due to (from) related parties		(11,048	)		14,191			4,022			19,054			(1,212	)		5,180
Net cash provided by (used in) operating activities		(799	)		19,350			7,014			1,358			3,298			6,433
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		(2,100	)		-			-			-			-			-
Distributions		(5,548	)		(4,501	)		(8,829	)		(805	)		(6,467	)		(2,067	)
Net cash provided by (used in) financing activities		(7,648	)		(4,501	)		(8,829	)		(805	)		(6,467	)		(2,067	)
Net change in cash		(8,447	)		14,849			(1,815	)		553			(3,169	)		4,366
Cash at beginning of the period		10,093			3,743			10,873			1,356			21,004			171
Cash at end of of the period	$	1,646		$	18,592		$	9,058		$	1,909		$	17,835		$	4,537
Cash paid for income taxes	$	334		$	711		$	-		$	-		$	-		$	-
Cash paid for interest expenses	$	-		$	5,396		$	-		$	4,495		$	-		$	3,089
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	-		$	142,523		$	-		$	153,882		$	-		$	81,582
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-244

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Burlington			Butter			Calvin			Camino			Cawley			Centennial
Cash Flows from Operating Activities:
Net income (loss)	$	(434	)	$	(14,446	)	$	1,115		$	979		$	2,613		$	(715	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		8,916			5,190			3,245			3,644			4,312			3,917
Amortization		-			44			-			-			-			44
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(3,395	)		(2,795	)		(1,795	)		(1,994	)		(2,195	)		(2,495	)
Prepaid expenses		(1,428	)		(3,030	)		(199	)		(3	)		(545	)		-
Due from (to) third party property managers		(2,923	)		(5,374	)		(2,162	)		(1,815	)		(1,590	)		(936	)
Increase (decrease) in liabilities
Accrued expenses		6,074			2,463			3,179			6,119			5,118			2,032
Tenant deposits		3,395			2,795			1,795			1,994			2,195			2,495
Due to (from) related parties		(6,737	)		19,279			1,864			110			(406	)		535
Net cash provided by (used in) operating activities		3,468			4,125			7,042			9,035			9,503			4,877
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		(1,000	)		(100	)		-			(2,200	)		-			(200	)
Distributions		(5,134	)		(2,215	)		(6,766	)		(6,383	)		(8,640	)		(2,803	)
Net cash provided by (used in) financing activities		(6,134	)		(2,315	)		(6,766	)		(8,583	)		(8,640	)		(3,003	)
Net change in cash		(2,665	)		1,810			276			452			863			1,875
Cash at beginning of the period		12,564			222			22,562			16,603			21,791			9,087
Cash at end of of the period	$	9,899		$	2,032		$	22,838		$	17,055		$	22,655		$	10,962
Cash paid for income taxes	$	-		$	111		$	-		$	-		$	-		$	-
Cash paid for interest expenses	$	-		$	5,129		$	-		$	-		$	-		$	4,438
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	-		$	259,941		$	-		$	-		$	-		$	187,622
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-245

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Chaparral			Chelsea			Chester			Chickamauga			Chinook			Chitwood
Cash Flows from Operating Activities:
Net income (loss)	$	(1,760	)	$	(1,497	)	$	(5,799	)	$	1,923		$	46		$	1,524
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		2,700			4,234			5,095			5,129			4,952			5,255
Amortization		79			39			261			-			-			-
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(1,695	)		(1,895	)		-			(3,693	)		(1,995	)		(2,795	)
Prepaid expenses		(29	)		(2,977	)		(2,236	)		(597	)		(624	)		(17	)
Due from (to) third party property managers		-			(3,335	)		(2,197	)		(2,212	)		(2,178	)		(2,044	)
Increase (decrease) in liabilities
Accrued expenses		6,536			3,277			1,644			5,112			4,687			9,102
Tenant deposits		1,695			1,895			-			3,693			1,995			2,795
Due to (from) related parties		(9,489	)		11,991			17,432			(8,915	)		(2,049	)		(946	)
Net cash provided by (used in) operating activities		(1,964	)		11,732			14,200			440			4,834			12,873
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			(500	)		(400	)		-			-			(500	)
Distributions		(2,693	)		(3,172	)		(2,484	)		(8,913	)		(7,469	)		(8,162	)
Net cash provided by (used in) financing activities		(2,693	)		(3,672	)		(2,884	)		(8,913	)		(7,469	)		(8,662	)
Net change in cash		(4,657	)		8,060			11,317			(8,473	)		(2,636	)		4,211
Cash at beginning of the period		18,793			2,782			4,291			28,234			7,395			12,399
Cash at end of of the period	$	14,136		$	10,843		$	15,608		$	19,762		$	4,760		$	16,610
Cash paid for income taxes	$	-		$	-		$	897		$	912		$	-		$	-
Cash paid for interest expenses	$	2,200		$	4,215		$	6,422		$	-		$	-		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	103,270		$	213,309		$	181,791		$	-		$	-		$	-
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-246

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Clover			Coatbridge			Collier			Collinston			Conway			Cove
Cash Flows from Operating Activities:
Net income (loss)	$	(6,348	)	$	(7,610	)	$	165		$	(10,498	)	$	(9,845	)	$	(7,586	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		4,397			4,526			4,879			2,906			9,438			2,890
Amortization		-			42			-			30			-			-
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(1,995	)		(3,143	)		(2,445	)		(1,545	)		(3,645	)		(1,595	)
Prepaid expenses		(214	)		(2,076	)		(27	)		(1,095	)		(630	)		(219	)
Due from (to) third party property managers		(4,962	)		(707	)		(2,288	)		(6,426	)		(3,060	)		(4,137	)
Increase (decrease) in liabilities
Accrued expenses		3,678			1,440			4,728			1,155			7,291			2,436
Tenant deposits		1,995			3,143			2,445			1,545			3,645			1,595
Due to (from) related parties		(2,372	)		9,983			(15,362	)		15,207			9,518			(1,804	)
Net cash provided by (used in) operating activities		(5,822	)		5,598			(7,906	)		1,279			12,712			(8,420	)
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		(200	)		-			(300	)		-			(600	)		-
Distributions		(4,659	)		(1,558	)		(5,332	)		(204	)		(4,662	)		(1,971	)
Net cash provided by (used in) financing activities		(4,859	)		(1,558	)		(5,632	)		(204	)		(5,262	)		(1,971	)
Net change in cash		(10,680	)		4,041			(13,538	)		1,075			7,450			(10,391	)
Cash at beginning of the period		12,229			223			13,986			650			4,086			14,802
Cash at end of of the period	$	1,549		$	4,263		$	448		$	1,725		$	11,536		$	4,412
Cash paid for income taxes	$	-		$	90		$	860		$	-		$	1,663		$	-
Cash paid for interest expenses	$	-		$	4,100		$	-		$	2,674		$	-		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	-		$	173,246		$	-		$	134,889		$	-		$	-
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-247

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Creekside			Creekwood			Cumberland			Cupcake			Cypress			Daisy
Cash Flows from Operating Activities:
Net income (loss)	$	2,321		$	(2,788	)	$	389		$	(1,851	)	$	(7,735	)	$	1,850
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		4,269			3,972			4,059			3,275			5,013			4,138
Amortization		-			213			-			17			208			-
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(2,395	)		(2,695	)		-			(1,595	)		(2,395	)		(1,695	)
Prepaid expenses		(172	)		(2,785	)		(210	)		(874	)		(6,193	)		(113	)
Due from (to) third party property managers		(2,041	)		-			(1,625	)		(1	)		(2,340	)		(2,272	)
Increase (decrease) in liabilities
Accrued expenses		8,891			1,617			5,915			1,833			2,952			8,830
Tenant deposits		2,395			2,695			-			1,595			2,395			1,695
Due to (from) related parties		(3,192	)		14,852			(3,113	)		3,537			(5,437	)		(6,832	)
Net cash provided by (used in) operating activities		10,077			15,080			5,415			5,935			(13,533	)		5,601
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		(1,500	)		-			(2,100	)		-			-			(2,600	)
Distributions		(7,300	)		(2,349	)		(6,157	)		(4,044	)		(2,805	)		(6,421	)
Net cash provided by (used in) financing activities		(8,800	)		(2,349	)		(8,257	)		(4,044	)		(2,805	)		(9,021	)
Net change in cash		1,277			12,732			(2,842	)		1,891			(16,338	)		(3,420	)
Cash at beginning of the period		14,662			901			21,941			12,632			20,606			18,365
Cash at end of of the period	$	15,939		$	13,633		$	19,099		$	14,523		$	4,268		$	14,944
Cash paid for income taxes	$	-		$	-		$	717		$	-		$	-		$	-
Cash paid for interest expenses	$	-		$	5,008		$	-		$	2,981		$	6,253		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	-		$	141,318		$	-		$	150,107		$	179,144		$	-
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-248

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Davidson			Dawson			Delta			Dewberry			Diablo			Dogwood
Cash Flows from Operating Activities:
Net income (loss)	$	(194	)	$	(7,968	)	$	(23,135	)	$	(3,297	)	$	(3,211	)	$	297
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		2,909			3,617			4,966			2,613			3,571			3,311
Amortization		31			37			41			33			38			-
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(1,595	)		(1,745	)		(3,443	)		(2,393	)		(2,145	)		(2,243	)
Prepaid expenses		(2,456	)		(2,571	)		(3,297	)		(777	)		(2,380	)		(333	)
Due from (to) third party property managers		(2,973	)		(2,237	)		(8,590	)		(4,207	)		(3,447	)		(2,895	)
Increase (decrease) in liabilities
Accrued expenses		1,793			1,509			1,589			1,639			3,816			3,241
Tenant deposits		1,595			1,745			3,443			2,393			2,145			2,243
Due to (from) related parties		4,881			11,897			28,399			10,551			7,444			3,669
Net cash provided by (used in) operating activities		3,990			4,284			(27	)		6,553			5,830			7,292
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			-
Distributions		(1,340	)		(1,403	)		(434	)		(1,924	)		(1,225	)		(4,723	)
Net cash provided by (used in) financing activities		(1,340	)		(1,403	)		(434	)		(1,924	)		(1,225	)		(4,723	)
Net change in cash		2,649			2,881			(461	)		4,629			4,606			2,569
Cash at beginning of the period		2,931			-			1,789			-			1,951			10,714
Cash at end of of the period	$	5,581		$	2,881		$	1,328		$	4,629		$	6,556		$	13,283
Cash paid for income taxes	$	-		$	75		$	-		$	61		$	50		$	-
Cash paid for interest expenses	$	2,879		$	3,419		$	4,435		$	2,836		$	4,067		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	225,000		$	-		$	190,000		$	-		$	-
Acquisition of property	$	-		$	225,000		$	-		$	190,000		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	145,312		$	144,259		$	224,546		$	119,464		$	205,783		$	-
Offering expenses	$	-		$	2,200		$	-		$	1,849		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-249

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Dolittle			Dolly			Dops			Dorchester			Dunbar			Eagle
Cash Flows from Operating Activities:
Net income (loss)	$	(3,288	)	$	(11,055	)	$	639		$	367		$	(2,250	)	$	(2,088	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		4,222			9,475			2,809			4,727			5,811			3,946
Amortization		38			-			-			-			-			57
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(3,443	)		(3,995	)		(2,093	)		(2,195	)		(2,993	)		(1,995	)
Prepaid expenses		(2,298	)		(249	)		(170	)		(703	)		-			(2,253	)
Due from (to) third party property managers		(2,367	)		-			(2,397	)		(2,137	)		-			-
Increase (decrease) in liabilities
Accrued expenses		3,140			7,333			3,379			5,249			4,497			3,257
Tenant deposits		3,443			3,995			2,093			2,195			2,993			1,995
Due to (from) related parties		2,981			(8,133	)		1,307			(8,502	)		9,078			14,722
Net cash provided by (used in) operating activities		2,428			(2,628	)		5,566			(999	)		17,136			17,641
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			(350	)		-			(500	)		(200	)		(1,000	)
Distributions		(2,861	)		(3,384	)		(5,896	)		(5,249	)		(3,157	)		(4,835	)
Net cash provided by (used in) financing activities		(2,861	)		(3,734	)		(5,896	)		(5,749	)		(3,357	)		(5,835	)
Net change in cash		(433	)		(6,362	)		(330	)		(6,748	)		13,780			11,806
Cash at beginning of the period		941			12,293			9,336			9,281			829			8,998
Cash at end of of the period	$	508		$	5,931		$	9,006		$	2,532		$	14,609		$	20,805
Cash paid for income taxes	$	92		$	1,670		$	-		$	342		$	779		$	-
Cash paid for interest expenses	$	4,060		$	-		$	-		$	-		$	-		$	4,529
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	205,469		$	-		$	-		$	-		$	-		$	131,761
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-250

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Eastfair			Eastwood			Elevation			Ella			Ellen			Elm
Cash Flows from Operating Activities:
Net income (loss)	$	(4,986	)	$	(11,896	)	$	(13,181	)	$	1,389		$	6,944		$	(2,536	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		2,956			4,378			5,056			3,587			3,404			2,300
Amortization		38			-			34			-			-			26
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(1,949	)		-			(1,895	)		(1,795	)		(2,693	)		(1,495	)
Prepaid expenses		(3,001	)		(245	)		(1,935	)		(193	)		(350	)		(2,557	)
Due from (to) third party property managers		(2,447	)		-			(1,738	)		(1,815	)		(1,792	)		(3,547	)
Increase (decrease) in liabilities
Accrued expenses		1,816			3,461			2,194			4,173			5,550			1,574
Tenant deposits		1,949			-			1,895			1,795			2,693			1,495
Due to (from) related parties		8,127			(4,740	)		12,646			(9,230	)		(1,566	)		7,660
Net cash provided by (used in) operating activities		2,503			(9,042	)		3,077			(2,090	)		12,190			2,920
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		(100	)		-			(100	)		(100	)		-			-
Distributions		(2,160	)		(2,772	)		(1,470	)		(7,078	)		(6,300	)		(1,511	)
Net cash provided by (used in) financing activities		(2,260	)		(2,772	)		(1,570	)		(7,178	)		(6,300	)		(1,511	)
Net change in cash		243			(11,814	)		1,507			(9,267	)		5,889			1,409
Cash at beginning of the period		3,306			27,058			554			16,261			18,340			1,155
Cash at end of of the period	$	3,549		$	15,245		$	2,061		$	6,994		$	24,230		$	2,563
Cash paid for income taxes	$	53		$	367		$	118		$	637		$	-		$	78
Cash paid for interest expenses	$	3,505		$	-		$	4,017		$	-		$	-		$	2,506
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	147,981		$	-		$	170,412		$	-		$	-		$	105,843
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-251

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Emporia			Ensenada			Falcon			Felix			Fenwick			Fletcher
Cash Flows from Operating Activities:
Net income (loss)	$	(2,487	)	$	(18,380	)	$	(283	)	$	2,164		$	6,252		$	2,368
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		4,833			6,666			3,953			4,101			4,120			2,412
Amortization		43			62			57			-			-			-
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			(2,641	)		-			-
Deposits		(2,495	)		-			(1,950	)		(2,393	)		-			(1,395	)
Prepaid expenses		(2,546	)		(3,169	)		(2,347	)		(334	)		(518	)		-
Due from (to) third party property managers		(2,474	)		-			(280	)		(1,475	)		(6,215	)		(2,433	)
Increase (decrease) in liabilities
Accrued expenses		2,367			(1,416	)		3,891			4,031			4,649			2,958
Tenant deposits		2,495			-			1,950			2,393			-			1,395
Due to (from) related parties		6,483			9,458			3,668			(5,101	)		(667	)		(1,091	)
Net cash provided by (used in) operating activities		6,219			(6,778	)		8,660			744			7,621			4,214
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			(600	)		-			-			-
Distributions		(2,256	)		(1,525	)		(4,571	)		(6,630	)		(8,057	)		(5,602	)
Net cash provided by (used in) financing activities		(2,256	)		(1,525	)		(5,171	)		(6,630	)		(8,057	)		(5,602	)
Net change in cash		3,964			(8,303	)		3,489			(5,885	)		(436	)		(1,389	)
Cash at beginning of the period		333			19,001			13,791			16,615			20,374			19,609
Cash at end of of the period	$	4,297		$	10,697		$	17,280		$	10,729		$	19,938		$	18,220
Cash paid for income taxes	$	-		$	-		$	-		$	-		$	-		$	-
Cash paid for interest expenses	$	4,790		$	7,656		$	4,529		$	-		$	-		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	242,621		$	388,638		$	131,751		$	-		$	-		$	-
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-252

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Folly			Forest			Foster			Franklin			Gardens			General
Cash Flows from Operating Activities:
Net income (loss)	$	577		$	(11,806	)	$	4,421		$	(1,555	)	$	(3,212	)	$	4,035
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		5,126			6,070			4,307			4,623			3,586			4,342
Amortization		-			41			-			-			30			-
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(2,695	)		(2,445	)		(2,349	)		(2,595	)		(1,595	)		(2,495	)
Prepaid expenses		(556	)		(3,654	)		-			(523	)		(2,198	)		(467	)
Due from (to) third party property managers		(2,179	)		(14,381	)		(2,314	)		(2,094	)		(2,991	)		(2,017	)
Increase (decrease) in liabilities
Accrued expenses		4,652			1,718			4,829			7,335			1,284			4,345
Tenant deposits		2,695			2,445			2,349			2,595			1,595			2,495
Due to (from) related parties		3,691			25,075			(2,284	)		(854	)		5,293			(4,892	)
Net cash provided by (used in) operating activities		11,312			3,063			8,959			6,932			1,792			5,346
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		(400	)		-			-			-			-			-
Distributions		(4,349	)		(649	)		(10,152	)		(6,281	)		(2,229	)		(8,539	)
Net cash provided by (used in) financing activities		(4,749	)		(649	)		(10,152	)		(6,281	)		(2,229	)		(8,539	)
Net change in cash		6,563			2,414			(1,192	)		651			(437	)		(3,193	)
Cash at beginning of the period		9,718			972			29,623			12,417			2,979			16,134
Cash at end of of the period	$	16,282		$	3,387		$	28,430		$	13,068		$	2,542		$	12,941
Cash paid for income taxes	$	308		$	127		$	-		$	-		$	-		$	-
Cash paid for interest expenses	$	-		$	5,302		$	-		$	-		$	3,271		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	-		$	225,289		$	-		$	-		$	134,859		$	-
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-253

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Goose			Grant			Greenhill			Gretal			Grove			Hadden
Cash Flows from Operating Activities:
Net income (loss)	$	(859	)	$	(1,901	)	$	(1,770	)	$	33		$	(4,950	)	$	(2,663	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		3,678			4,451			4,484			6,206			4,401			3,027
Amortization		54			45			41			-			32			30
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(1,950	)		-			(3,119	)		(2,395	)		(1,869	)		(1,645	)
Prepaid expenses		(2,365	)		(3,079	)		(2,815	)		(197	)		(1,822	)		(2,191	)
Due from (to) third party property managers		(240	)		(5,433	)		(3,342	)		(2,459	)		(2,457	)		(3,445	)
Increase (decrease) in liabilities
Accrued expenses		2,252			2,145			2,149			5,480			1,256			2,156
Tenant deposits		1,950			-			3,119			2,395			1,869			1,645
Due to (from) related parties		4,299			9,822			6,360			(3,440	)		7,935			6,949
Net cash provided by (used in) operating activities		6,819			6,050			5,107			5,623			4,397			3,864
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		(250	)		-			-			-			-			(500	)
Distributions		(4,778	)		(3,526	)		(3,276	)		(8,789	)		(1,113	)		(2,695	)
Net cash provided by (used in) financing activities		(5,028	)		(3,526	)		(3,276	)		(8,789	)		(1,113	)		(3,195	)
Net change in cash		1,791			2,524			1,830			(3,166	)		3,284			669
Cash at beginning of the period		12,548			7,131			1,823			21,406			436			6,140
Cash at end of of the period	$	14,339		$	9,655		$	3,654		$	18,240		$	3,720		$	6,809
Cash paid for income taxes	$	-		$	-		$	99		$	1,098		$	-		$	76
Cash paid for interest expenses	$	4,220		$	5,063		$	4,454		$	-		$	3,773		$	2,811
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	122,685		$	256,547		$	225,524		$	-		$	155,713		$	141,821
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-254

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Hansard			Hansel			Hargrave			Harrison			Henry			Heritage
Cash Flows from Operating Activities:
Net income (loss)	$	2,869		$	(11,875	)	$	(8,062	)	$	(5,869	)	$	(24,200	)	$	(4,899	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		4,170			5,564			3,212			6,296			5,912			4,506
Amortization		-			80			-			312			-			38
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(2,450	)		-			(3,190	)		(3,045	)		(2,395	)		(1,995	)
Prepaid expenses		(100	)		(3,619	)		(199	)		(2,663	)		(63	)		(3,350	)
Due from (to) third party property managers		(2,155	)		-			(1,472	)		(2,426	)		-			(2,775	)
Increase (decrease) in liabilities
Accrued expenses		4,686			1,381			2,826			5,667			7,096			1,488
Tenant deposits		2,450			-			3,190			3,045			2,395			1,995
Due to (from) related parties		(3,125	)		6,124			38,152			17,581			11,839			2,347
Net cash provided by (used in) operating activities		6,345			(2,346	)		34,456			18,897			584			(2,647	)
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			(272,924	)		-			-			-
Net proceeds from the issuance of membership units		(100	)		-			259,629			(1,950	)		(1,400	)		-
Distributions		(8,663	)		(2,164	)		(4,230	)		(3,895	)		(1,413	)		(1,699	)
Net cash provided by (used in) financing activities		(8,763	)		(2,164	)		(17,525	)		(5,845	)		(2,813	)		(1,699	)
Net change in cash		(2,418	)		(4,510	)		16,931			13,051			(2,229	)		(4,346	)
Cash at beginning of the period		23,034			12,324			461			6,309			2,683			23,848
Cash at end of of the period	$	20,615		$	7,813		$	17,392		$	19,360		$	455		$	19,502
Cash paid for income taxes	$	742		$	985		$	-		$	1,111		$	-		$	-
Cash paid for interest expenses	$	-		$	6,771		$	-		$	7,931		$	-		$	4,859
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	-		$	197,498		$	-		$	224,962		$	-		$	200,892
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-255

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Heron			Highland			Hines			Hobbes			Holcomb			Holland
Cash Flows from Operating Activities:
Net income (loss)	$	(7,009	)	$	2,313		$	(617	)	$	(7,761	)	$	717		$	(2,092	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		4,474			3,942			4,405			3,216			4,877			2,909
Amortization		37			-			-			-			-			31
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(2,369	)		(2,843	)		(1,845	)		(2,393	)		(2,095	)		(2,168	)
Prepaid expenses		(2,177	)		-			-			(199	)		-			(2,374	)
Due from (to) third party property managers		(2,895	)		(2,820	)		(1,624	)		(1,287	)		(715	)		(2,201	)
Increase (decrease) in liabilities
Accrued expenses		2,401			4,573			3,570			4,070			5,146			1,155
Tenant deposits		2,369			2,843			1,845			2,393			2,095			2,168
Due to (from) related parties		7,652			(6,640	)		(5,343	)		185			(16,618	)		5,823
Net cash provided by (used in) operating activities		2,483			1,368			390			(1,777	)		(6,593	)		3,252
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			(500	)		(500	)		-			-			-
Distributions		(1,714	)		(4,865	)		(3,716	)		(4,177	)		(6,049	)		(1,101	)
Net cash provided by (used in) financing activities		(1,714	)		(5,365	)		(4,216	)		(4,177	)		(6,049	)		(1,101	)
Net change in cash		769			(3,997	)		(3,825	)		(5,953	)		(12,642	)		2,151
Cash at beginning of the period		330			8,230			6,818			22,214			30,016			350
Cash at end of of the period	$	1,099		$	4,233		$	2,993		$	16,261		$	17,374		$	2,501
Cash paid for income taxes	$	91		$	273		$	-		$	-		$	-		$	-
Cash paid for interest expenses	$	4,809		$	-		$	-		$	-		$	-		$	2,879
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	198,806		$	-		$	-		$	-		$	-		$	145,317
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-256

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Hollandaise			Holloway			Inglewood			Irene			Jack			Jake
Cash Flows from Operating Activities:
Net income (loss)	$	(23,590	)	$	(3,900	)	$	(6,854	)	$	3,413		$	(4,960	)	$	(1,325	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		5,028			4,672			9,361			2,412			6,377			8,093
Amortization		44			49			-			-			49			-
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(1,895	)		(3,719	)		(3,445	)		(1,395	)		-			(2,895	)
Prepaid expenses		(2,791	)		(2,338	)		(1,033	)		(211	)		(3,151	)		(380	)
Due from (to) third party property managers		(6,366	)		(2,949	)		(2,716	)		(1,468	)		(835	)		(6,599	)
Increase (decrease) in liabilities
Accrued expenses		2,124			1,937			8,261			3,457			1,261			7,373
Tenant deposits		1,895			3,719			3,445			1,395			-			2,895
Due to (from) related parties		24,940			13,516			(3,087	)		(3,913	)		1,590			4,867
Net cash provided by (used in) operating activities		(610	)		10,988			3,932			3,690			331			12,028
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		(400	)		-			(1,050	)		-			-			(1,000	)
Distributions		(1,462	)		(3,689	)		(7,629	)		(5,880	)		(1,688	)		(6,403	)
Net cash provided by (used in) financing activities		(1,862	)		(3,689	)		(8,679	)		(5,880	)		(1,688	)		(7,403	)
Net change in cash		(2,472	)		7,299			(4,747	)		(2,191	)		(1,358	)		4,625
Cash at beginning of the period		5,398			38			12,751			22,155			5,559			6,324
Cash at end of of the period	$	2,926		$	7,337		$	8,005		$	19,965		$	4,202		$	10,949
Cash paid for income taxes	$	878		$	114		$	1,649		$	-		$	1,011		$	-
Cash paid for interest expenses	$	4,995		$	5,160		$	-		$	-		$	6,384		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	253,041		$	218,344		$	-		$	-		$	286,926		$	-
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-257

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Jefferson			Jill			Johnny			June			Jupiter			Kawana
Cash Flows from Operating Activities:
Net income (loss)	$	4,254		$	(5,665	)	$	(2,714	)	$	97		$	(4,968	)	$	(2,595	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		3,777			5,492			8,047			8,047			2,906			3,786
Amortization		-			279			-			-			30			37
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(2,595	)		(2,195	)		-			(3,545	)		(1,550	)		(2,543	)
Prepaid expenses		(873	)		(4,966	)		(177	)		(178	)		(1,407	)		(2,372	)
Due from (to) third party property managers		(2,127	)		(2,159	)		(293	)		(3,255	)		(1,588	)		(1,110	)
Increase (decrease) in liabilities
Accrued expenses		4,258			1,730			6,552			9,491			1,281			1,753
Tenant deposits		2,595			2,195			-			3,545			1,550			2,543
Due to (from) related parties		(838	)		16,267			4,607			8,961			2,119			13,209
Net cash provided by (used in) operating activities		8,452			10,976			16,023			23,164			(1,628	)		12,707
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			(2,000	)		(500	)		-			-
Distributions		(7,976	)		(4,103	)		(5,307	)		(4,713	)		(735	)		(2,818	)
Net cash provided by (used in) financing activities		(7,976	)		(4,103	)		(7,307	)		(5,213	)		(735	)		(2,818	)
Net change in cash		476			6,873			8,716			17,951			(2,363	)		9,889
Cash at beginning of the period		17,923			4,740			33,784			13,071			4,172			2,520
Cash at end of of the period	$	18,399		$	11,613		$	42,500		$	31,022		$	1,809		$	12,409
Cash paid for income taxes	$	672		$	973		$	1,418		$	1,418		$	-		$	-
Cash paid for interest expenses	$	-		$	6,947		$	-		$	-		$	3,262		$	3,766
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	-		$	196,822		$	-		$	-		$	138,117		$	190,477
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-258

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Kennesaw			Kenny			KerriAnn			Kessler			Kingsley			Kirkwood
Cash Flows from Operating Activities:
Net income (loss)	$	(1,769	)	$	(18,377	)	$	(16,258	)	$	(7,004	)	$	(7,852	)	$	(3,654	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		5,836			9,475			4,686			4,106			4,290			3,592
Amortization		-			-			44			166			48			35
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(2,595	)		-			(1,995	)		-			(2,869	)		(2,393	)
Prepaid expenses		(288	)		(249	)		(1,402	)		(1,369	)		(82	)		(3,001	)
Due from (to) third party property managers		(1,598	)		-			(4,242	)		-			(2,966	)		(1,846	)
Increase (decrease) in liabilities
Accrued expenses		6,155			8,029			4,107			1,262			1,890			2,427
Tenant deposits		2,595			-			1,995			-			2,869			2,393
Due to (from) related parties		(14,502	)		(2,633	)		6,890			6,159			12,709			1,023
Net cash provided by (used in) operating activities		(6,166	)		(3,754	)		(6,175	)		3,321			8,039			(1,423	)
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		(1,100	)		(2,850	)		(2,500	)		(100	)		-			-
Distributions		(5,194	)		(787	)		(728	)		(1,161	)		(2,688	)		(1,612	)
Net cash provided by (used in) financing activities		(6,294	)		(3,637	)		(3,228	)		(1,261	)		(2,688	)		(1,612	)
Net change in cash		(12,461	)		(7,391	)		(9,402	)		2,060			5,351			(3,034	)
Cash at beginning of the period		28,570			15,768			10,143			1,471			-			3,527
Cash at end of of the period	$	16,109		$	8,376		$	741		$	3,532		$	5,351		$	493
Cash paid for income taxes	$	-		$	1,670		$	-		$	-		$	91		$	630
Cash paid for interest expenses	$	-		$	-		$	4,655		$	4,423		$	5,020		$	4,358
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	315,000		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	315,000		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	-		$	-		$	235,597		$	125,383		$	212,398		$	180,038
Offering expenses	$	-		$	-		$	-		$	-		$	2,537		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-259

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Korin			Lallie			Lanier			Lannister			Latte			Lennox
Cash Flows from Operating Activities:
Net income (loss)	$	3,128		$	(12,673	)	$	(11,669	)	$	(4,547	)	$	620		$	(2,521	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		3,823			6,202			5,706			3,027			5,011			2,978
Amortization		-			53			45			51			-			36
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(1,995	)		(2,295	)		(2,395	)		(1,943	)		(3,293	)		(1,795	)
Prepaid expenses		-			(883	)		(3,604	)		(3,692	)		(289	)		(1,133	)
Due from (to) third party property managers		(1,869	)		(3,387	)		-			(1,013	)		(3,397	)		(2,671	)
Increase (decrease) in liabilities
Accrued expenses		7,488			1,782			1,616			1,164			4,916			1,702
Tenant deposits		1,995			2,295			2,395			1,943			3,293			1,795
Due to (from) related parties		(6,946	)		14,360			5,457			8,004			4,696			5,171
Net cash provided by (used in) operating activities		5,624			5,453			(2,448	)		2,995			11,557			3,561
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			-
Distributions		(7,877	)		(1,363	)		(1,848	)		(975	)		(5,674	)		(2,818	)
Net cash provided by (used in) financing activities		(7,877	)		(1,363	)		(1,848	)		(975	)		(5,674	)		(2,818	)
Net change in cash		(2,253	)		4,089			(4,296	)		2,020			5,883			744
Cash at beginning of the period		21,973			515			10,134			797			9,117			4,237
Cash at end of of the period	$	19,720		$	4,604		$	5,838		$	2,817		$	15,000		$	4,980
Cash paid for income taxes	$	-		$	113		$	-		$	-		$	-		$	69
Cash paid for interest expenses	$	-		$	5,614		$	6,313		$	3,588		$	-		$	3,267
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	-		$	237,669		$	261,368		$	112,653		$	-		$	137,818
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-260

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Lierly			Lily			Limestone			Litton			Longwoods			Lookout
Cash Flows from Operating Activities:
Net income (loss)	$	(1,878	)	$	(7,156	)	$	(20,409	)	$	(3,037	)	$	(1,083	)	$	(2,641	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		2,932			7,493			4,023			4,413			3,702			4,741
Amortization		96			51			38			400			-			-
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(1,750	)		(2,395	)		(2,095	)		-			(1,995	)		(2,145	)
Prepaid expenses		(35	)		(5,547	)		(1,453	)		(223	)		-			(104	)
Due from (to) third party property managers		-			(2,874	)		(889	)		(1,528	)		(727	)		(622	)
Increase (decrease) in liabilities
Accrued expenses		7,270			217			1,892			4,681			4,602			4,587
Tenant deposits		1,750			2,395			2,095			-			1,995			2,145
Due to (from) related parties		(7,399	)		14,106			17,913			13,260			(4,718	)		(1,374	)
Net cash provided by (used in) operating activities		986			6,290			1,114			17,966			1,776			4,588
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			(100	)		-			(200	)
Distributions		(4,255	)		(1,611	)		(1,014	)		(3,190	)		(6,844	)		(5,481	)
Net cash provided by (used in) financing activities		(4,255	)		(1,611	)		(1,014	)		(3,290	)		(6,844	)		(5,681	)
Net change in cash		(3,270	)		4,679			100			14,677			(5,068	)		(1,093	)
Cash at beginning of the period		21,077			5,397			1,897			9,012			21,591			9,326
Cash at end of of the period	$	17,807		$	10,076		$	1,996		$	23,688		$	16,523		$	8,233
Cash paid for income taxes	$	-		$	-		$	98		$	785		$	-		$	834
Cash paid for interest expenses	$	2,762		$	6,087		$	3,971		$	5,952		$	-		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	129,839		$	308,697		$	200,936		$	157,267		$	-		$	-
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-261

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Loretta			Louis			Louise			Lovejoy			Luna			Lurleen
Cash Flows from Operating Activities:
Net income (loss)	$	(2,055	)	$	3,416		$	(7,256	)	$	(3,648	)	$	(7,739	)	$	(2,157	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		9,431			3,701			3,789			4,044			2,956			2,141
Amortization		-			-			35			38			38			275
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(3,445	)		(1,895	)		(1,895	)		(1,995	)		(1,895	)		(1,695	)
Prepaid expenses		(630	)		(562	)		(2,631	)		(2,273	)		(1,040	)		(216	)
Due from (to) third party property managers		(3,012	)		(5,033	)		(1,721	)		(1,235	)		-			(2,641	)
Increase (decrease) in liabilities
Accrued expenses		14,744			4,409			1,531			2,538			1,793			4,455
Tenant deposits		3,445			1,895			1,895			1,995			1,895			1,695
Due to (from) related parties		(4,522	)		788			3,706			6,344			6,243			6,028
Net cash provided by (used in) operating activities		13,956			6,719			(2,547	)		5,809			2,251			7,885
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		(7,700	)		-			-			(500	)		-			-
Distributions		(5,749	)		(7,032	)		(2,276	)		(2,420	)		(1,041	)		(3,549	)
Net cash provided by (used in) financing activities		(13,449	)		(7,032	)		(2,276	)		(2,920	)		(1,041	)		(3,549	)
Net change in cash		507			(314	)		(4,824	)		2,889			1,210			4,336
Cash at beginning of the period		10,811			23,129			7,859			977			2,813			109
Cash at end of of the period	$	11,318		$	22,815		$	3,036		$	3,866		$	4,022		$	4,445
Cash paid for income taxes	$	1,662		$	-		$	7		$	-		$	56		$	-
Cash paid for interest expenses	$	-		$	-		$	4,017		$	4,012		$	3,506		$	4,761
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	-		$	-		$	180,044		$	202,996		$	147,981		$	108,075
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-262

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Madison			Mae			Magnolia			Malbec			Mammoth			Marcelo
Cash Flows from Operating Activities:
Net income (loss)	$	(525	)	$	1,604		$	(4,257	)	$	(3,699	)	$	(28,180	)	$	1,834
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		2,828			4,864			4,154			4,388			4,686			3,911
Amortization		47			-			71			67			42			-
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(2,174	)		(4,190	)		-			(2,295	)		(2,095	)		(1,945	)
Prepaid expenses		(1,358	)		(397	)		(1,665	)		(919	)		(3,098	)		-
Due from (to) third party property managers		(3,543	)		(3,345	)		(1,160	)		-			(895	)		(1,705	)
Increase (decrease) in liabilities
Accrued expenses		1,179			5,170			2,194			1,841			1,440			4,071
Tenant deposits		2,174			4,190			-			2,295			2,095			1,945
Due to (from) related parties		4,997			(2,887	)		(282	)		(3,172	)		21,347			(4,515	)
Net cash provided by (used in) operating activities		3,625			5,009			(944	)		(1,494	)		(4,659	)		3,597
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			(400	)		(1,000	)		(100	)		-			-
Distributions		(1,279	)		(7,335	)		(1,290	)		(3,556	)		(366	)		(7,429	)
Net cash provided by (used in) financing activities		(1,279	)		(7,735	)		(2,290	)		(3,656	)		(366	)		(7,429	)
Net change in cash		2,346			(2,726	)		(3,234	)		(5,151	)		(5,025	)		(3,833	)
Cash at beginning of the period		2,797			13,420			24,684			13,690			5,883			15,306
Cash at end of of the period	$	5,143		$	10,695		$	21,450		$	8,540		$	858		$	11,473
Cash paid for income taxes	$	-		$	346		$	-		$	-		$	-		$	-
Cash paid for interest expenses	$	3,122		$	-		$	4,993		$	4,891		$	5,695		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	99,895		$	-		$	171,057		$	204,967		$	235,655		$	-
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-263

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Marie			Marietta			Marion			Marple			Martell			Mary
Cash Flows from Operating Activities:
Net income (loss)	$	5,070		$	(8,876	)	$	(3,129	)	$	1,092		$	(7,570	)	$	4,164
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		4,397			4,158			4,427			2,412			3,572			3,732
Amortization		-			221			-			-			-			-
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(2,745	)		(2,195	)		(2,295	)		(2,093	)		(1,945	)		(2,095	)
Prepaid expenses		(105	)		(2,502	)		(1,169	)		-			-			(481	)
Due from (to) third party property managers		(2,421	)		(848	)		(1,755	)		-			(1,705	)		(2,042	)
Increase (decrease) in liabilities
Accrued expenses		4,952			1,767			4,281			3,348			4,365			4,682
Tenant deposits		2,745			2,195			2,295			2,093			1,945			2,095
Due to (from) related parties		(1,732	)		11,126			(16,784	)		748			(6,184	)		332
Net cash provided by (used in) operating activities		10,161			5,046			(14,129	)		7,600			(7,522	)		10,387
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			(300	)		-
Distributions		(10,032	)		(1,612	)		(5,871	)		(5,491	)		(4,647	)		(7,715	)
Net cash provided by (used in) financing activities		(10,032	)		(1,612	)		(5,871	)		(5,491	)		(4,947	)		(7,715	)
Net change in cash		129			3,434			(19,999	)		2,109			(12,469	)		2,672
Cash at beginning of the period		22,860			1,099			21,583			13,821			14,172			15,677
Cash at end of of the period	$	22,989		$	4,533		$	1,584		$	15,930		$	1,704		$	18,349
Cash paid for income taxes	$	782		$	-		$	-		$	-		$	-		$	582
Cash paid for interest expenses	$	-		$	5,260		$	-		$	-		$	-		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	-		$	148,541		$	-		$	-		$	-		$	-
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-264

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Matchingham			McGregor			McLovin			Meadow			Mimosa			Mojave
Cash Flows from Operating Activities:
Net income (loss)	$	(2,719	)	$	(1,786	)	$	(4,883	)	$	(2,946	)	$	(3,120	)	$	761
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		2,913			4,132			6,219			4,410			2,954			3,525
Amortization		31			-			58			39			269			66
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(2,095	)		(1,895	)		(3,495	)		-			(1,495	)		(2,195	)
Prepaid expenses		(1,104	)		-			(3,636	)		(1,869	)		(81	)		(778	)
Due from (to) third party property managers		(2,560	)		(1,864	)		(2,874	)		(2,746	)		(3,636	)		(2,169	)
Increase (decrease) in liabilities
Accrued expenses		2,285			4,950			(1,249	)		1,991			4,140			1,763
Tenant deposits		2,095			1,895			3,495			-			1,495			2,195
Due to (from) related parties		2,436			(3,912	)		8,421			11,188			9,464			(7,415	)
Net cash provided by (used in) operating activities		1,282			1,521			2,057			10,067			9,989			(4,246	)
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			-
Distributions		(3,439	)		(5,137	)		(3,995	)		(2,319	)		(3,583	)		(3,176	)
Net cash provided by (used in) financing activities		(3,439	)		(5,137	)		(3,995	)		(2,319	)		(3,583	)		(3,176	)
Net change in cash		(2,157	)		(3,617	)		(1,937	)		7,748			6,407			(7,422	)
Cash at beginning of the period		8,340			9,748			4,318			1,014			2,442			10,626
Cash at end of of the period	$	6,183		$	6,131		$	2,381		$	8,762		$	8,848		$	3,204
Cash paid for income taxes	$	59		$	727		$	-		$	-		$	-		$	-
Cash paid for interest expenses	$	2,867		$	-		$	7,179		$	4,203		$	4,423		$	3,240
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	144,680		$	-		$	364,286		$	212,755		$	105,753		$	160,176
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-265

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Murphy			Mycroft			Nugget			Odessa			Olive			Oly
Cash Flows from Operating Activities:
Net income (loss)	$	(10,818	)	$	3,090		$	(246	)	$	(6,103	)	$	(4,736	)	$	(9,079	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		4,085			2,466			7,694			7,332			3,689			6,265
Amortization		37			-			-			59			34			57
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(1,995	)		(1,645	)		(3,295	)		(3,395	)		(1,895	)		(2,995	)
Prepaid expenses		(2,168	)		-			-			(3,775	)		(2,084	)		(3,312	)
Due from (to) third party property managers		(1,189	)		(1,300	)		(2,714	)		(2,871	)		(5,432	)		(2,868	)
Increase (decrease) in liabilities
Accrued expenses		2,888			3,559			10,760			(918	)		1,817			(1,073	)
Tenant deposits		1,995			1,645			3,295			3,395			1,895			2,995
Due to (from) related parties		3,682			(1,391	)		(12,098	)		13,813			12,723			7,361
Net cash provided by (used in) operating activities		(3,481	)		6,425			3,395			7,537			6,010			(2,649	)
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			(200	)		(2,500	)		(100	)		-			-
Distributions		(1,135	)		(5,451	)		(7,451	)		(2,406	)		(2,594	)		(2,336	)
Net cash provided by (used in) financing activities		(1,135	)		(5,651	)		(9,951	)		(2,506	)		(2,594	)		(2,336	)
Net change in cash		(4,617	)		774			(6,555	)		5,031			3,416			(4,985	)
Cash at beginning of the period		8,272			15,368			15,822			647			306			12,870
Cash at end of of the period	$	3,655		$	16,142		$	9,267		$	5,678		$	3,723		$	7,885
Cash paid for income taxes	$	87		$	-		$	-		$	-		$	103		$	-
Cash paid for interest expenses	$	4,053		$	-		$	-		$	7,315		$	2,950		$	7,191
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	205,163		$	-		$	-		$	371,268		$	124,290		$	364,989
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-266

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Onyx			Oscar			Osceola			Osprey			Otoro			Palmer
Cash Flows from Operating Activities:
Net income (loss)	$	(124	)	$	2,594		$	(1,412	)	$	312		$	(25,688	)	$	(4,073	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		6,008			4,018			3,850			5,490			6,084			4,586
Amortization		-			-			-			-			47			-
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			(458	)		-			-			-			-
Deposits		(2,295	)		(3,390	)		(1,695	)		(2,295	)		(2,319	)		(1,895	)
Prepaid expenses		-			(752	)		(2,196	)		(362	)		(2,150	)		(509	)
Due from (to) third party property managers		(2,476	)		-			(1,870	)		(3,340	)		(3,619	)		(2,206	)
Increase (decrease) in liabilities
Accrued expenses		3,512			4,145			6,088			4,190			2,275			4,265
Tenant deposits		2,295			3,390			1,695			2,295			2,319			1,895
Due to (from) related parties		(7,861	)		(40,831	)		(8,206	)		(1,852	)		23,944			(6,631	)
Net cash provided by (used in) operating activities		(941	)		(31,284	)		(3,746	)		4,438			893			(4,569	)
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			(100	)		(680	)		-
Distributions		(6,341	)		(6,179	)		(6,196	)		(4,433	)		(782	)		(6,526	)
Net cash provided by (used in) financing activities		(6,341	)		(6,179	)		(6,196	)		(4,533	)		(1,462	)		(6,526	)
Net change in cash		(7,282	)		(37,463	)		(9,942	)		(94	)		(569	)		(11,095	)
Cash at beginning of the period		13,900			44,726			16,995			12,831			1,822			22,375
Cash at end of of the period	$	6,619		$	7,263		$	7,054		$	12,737		$	1,253		$	11,280
Cash paid for income taxes	$	518		$	-		$	-		$	344		$	-		$	-
Cash paid for interest expenses	$	-		$	-		$	-		$	-		$	5,363		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	-		$	-		$	-		$	-		$	271,803		$	-
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-267

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Patrick			Peanut			Pearl			Pecan			Peterson			Piedmont
Cash Flows from Operating Activities:
Net income (loss)	$	(3,610	)	$	(1,912	)	$	(2,945	)	$	(535	)	$	2,930		$	(6,951	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		3,518			2,964			7,498			2,863			3,104			5,272
Amortization		33			31			-			34			-			268
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(1,595	)		(2,093	)		(2,945	)		(1,750	)		(1,595	)		(2,295	)
Prepaid expenses		(55	)		(1,262	)		(233	)		(31	)		(239	)		(2,936	)
Due from (to) third party property managers		-			(861	)		(1,004	)		-			(1,613	)		(2,176	)
Increase (decrease) in liabilities
Accrued expenses		5,743			1,891			7,015			6,711			3,538			1,651
Tenant deposits		1,595			2,093			2,945			1,750			1,595			2,295
Due to (from) related parties		(5,389	)		8,514			(19,951	)		(6,402	)		(736	)		19,487
Net cash provided by (used in) operating activities		241			9,367			(9,620	)		2,639			6,984			14,616
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			(300	)		(1,000	)		-			-			-
Distributions		(1,866	)		(2,030	)		(7,909	)		(4,298	)		(6,967	)		(2,783	)
Net cash provided by (used in) financing activities		(1,866	)		(2,330	)		(8,909	)		(4,298	)		(6,967	)		(2,783	)
Net change in cash		(1,625	)		7,037			(18,528	)		(1,659	)		17			11,833
Cash at beginning of the period		8,850			167			24,130			18,851			21,117			3,086
Cash at end of of the period	$	7,225		$	7,204		$	5,602		$	17,193		$	21,133		$	14,919
Cash paid for income taxes	$	-		$	-		$	1,319		$	-		$	-		$	-
Cash paid for interest expenses	$	2,235		$	3,522		$	-		$	2,329		$	-		$	6,645
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	107,862		$	145,287		$	-		$	112,414		$	-		$	188,168
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-268

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Pinot			Pioneer			Plumtree			Point			Porthos			Quincy
Cash Flows from Operating Activities:
Net income (loss)	$	(2,887	)	$	(5,450	)	$	(906	)	$	(19,249	)	$	927		$	(726	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		4,429			8,117			2,768			5,250			4,148			7,515
Amortization		68			-			82			46			-			-
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(2,395	)		-			(1,550	)		(2,095	)		(2,295	)		(3,495	)
Prepaid expenses		(1,650	)		(47	)		(32	)		(4,322	)		-			-
Due from (to) third party property managers		-			-			(1,495	)		(585	)		(2,201	)		(1,639	)
Increase (decrease) in liabilities
Accrued expenses		1,831			8,132			6,636			1,544			4,976			9,429
Tenant deposits		2,395			-			1,550			2,095			2,295			3,495
Due to (from) related parties		(3,999	)		(7,204	)		(7,368	)		10,943			(7,902	)		3,983
Net cash provided by (used in) operating activities		(2,208	)		3,547			(314	)		(6,373	)		(53	)		18,562
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			(100	)		-			-			-			(3,750	)
Distributions		(3,375	)		(5,016	)		(4,929	)		(1,261	)		(8,754	)		(3,678	)
Net cash provided by (used in) financing activities		(3,375	)		(5,116	)		(4,929	)		(1,261	)		(8,754	)		(7,428	)
Net change in cash		(5,583	)		(1,569	)		(5,244	)		(7,634	)		(8,807	)		11,133
Cash at beginning of the period		16,588			7,950			23,770			8,937			28,240			6,547
Cash at end of of the period	$	11,005		$	6,382		$	18,527		$	1,303		$	19,433		$	17,681
Cash paid for income taxes	$	-		$	-		$	-		$	921		$	-		$	-
Cash paid for interest expenses	$	4,941		$	-		$	2,342		$	6,405		$	-		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	207,094		$	-		$	110,054		$	265,191		$	-		$	-
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-269

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Redondo			Regency			Reginald			Reynolds			Ribbonwalk			Richardson
Cash Flows from Operating Activities:
Net income (loss)	$	(3,482	)	$	(3,096	)	$	(1,146	)	$	481		$	(4,385	)	$	2,021
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		4,308			3,793			6,815			5,905			4,395			4,321
Amortization		394			344			-			-			41			-
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		-			(3,793	)		(4,293	)		(2,495	)		(1,995	)		(1,995	)
Prepaid expenses		(208	)		(711	)		(275	)		(491	)		(2,156	)		(215	)
Due from (to) third party property managers		(3,534	)		(1,602	)		(4,530	)		(2,685	)		(1,394	)		(1,725	)
Increase (decrease) in liabilities
Accrued expenses		4,691			7,429			7,537			6,097			1,391			8,035
Tenant deposits		-			3,793			4,293			2,495			1,995			1,995
Due to (from) related parties		7,249			9,797			2,760			(13,267	)		15,090			(5,879	)
Net cash provided by (used in) operating activities		9,417			15,953			11,162			(3,960	)		12,981			6,558
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			(2,450	)		(500	)		-			(1,200	)
Distributions		(2,854	)		(5,208	)		(5,362	)		(7,273	)		(1,596	)		(6,808	)
Net cash provided by (used in) financing activities		(2,854	)		(5,208	)		(7,812	)		(7,773	)		(1,596	)		(8,008	)
Net change in cash		6,563			10,745			3,350			(11,733	)		11,385			(1,450	)
Cash at beginning of the period		1,352			8,982			12,317			34,185			287			19,245
Cash at end of of the period	$	7,915		$	19,727		$	15,668		$	22,451		$	11,672		$	17,795
Cash paid for income taxes	$	50		$	-		$	250		$	250		$	-		$	-
Cash paid for interest expenses	$	6,480		$	5,951		$	-		$	-		$	4,380		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	154,875		$	135,094		$	-		$	-		$	221,786		$	-
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-270

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Richmond			Ridge			Ritter			River			Riverwalk			Rooney
Cash Flows from Operating Activities:
Net income (loss)	$	(1,700	)	$	(3,000	)	$	(11,499	)	$	140		$	(5,875	)	$	(3,242	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		5,232			2,992			6,932			3,662			5,427			4,422
Amortization		-			36			-			34			-			45
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(2,695	)		(2,543	)		(2,495	)		(3,293	)		(3,993	)		(2,095	)
Prepaid expenses		(347	)		(1,520	)		(103	)		(1,593	)		-			(3,365	)
Due from (to) third party property managers		(2,410	)		(2,745	)		(1,961	)		(2,817	)		(1	)		(2,433	)
Increase (decrease) in liabilities
Accrued expenses		6,328			1,803			6,667			2,341			4,918			1,207
Tenant deposits		2,695			2,543			2,495			3,293			3,993			2,095
Due to (from) related parties		60,468			6,920			5,458			(1,163	)		1,546			10,830
Net cash provided by (used in) operating activities		67,571			4,485			5,494			602			6,015			7,464
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		(445,636	)		-			-			-			-			-
Net proceeds from the issuance of membership units		414,717			-			(1,000	)		(100	)		(200	)		-
Distributions		(11,285	)		(2,798	)		(3,770	)		(3,785	)		(2,813	)		(1,702	)
Net cash provided by (used in) financing activities		(42,204	)		(2,798	)		(4,770	)		(3,885	)		(3,013	)		(1,702	)
Net change in cash		25,367			1,688			725			(3,283	)		3,002			5,761
Cash at beginning of the period		2,672			1,258			6,086			8,965			11,665			3,987
Cash at end of of the period	$	28,039		$	2,945		$	6,811		$	5,682		$	14,667		$	9,748
Cash paid for income taxes	$	-		$	69		$	-		$	84		$	957		$	50
Cash paid for interest expenses	$	-		$	3,283		$	-		$	4,017		$	-		$	5,063
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	-		$	138,461		$	-		$	170,412		$	-		$	256,547
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-271

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Roseberry			Rosewood			Roxy			Saddlebred			Saint			Sajni
Cash Flows from Operating Activities:
Net income (loss)	$	(2,613	)	$	(3,514	)	$	(4,959	)	$	(6,711	)	$	(67	)	$	(141	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		4,513			3,719			4,479			7,639			3,791			5,539
Amortization		39			36			40			54			39			-
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			(1,377	)		-			-
Deposits		(3,443	)		(2,768	)		(1,995	)		(4,168	)		(2,495	)		(2,745	)
Prepaid expenses		(2,178	)		(1,337	)		(2,151	)		(2,670	)		(2,335	)		(10	)
Due from (to) third party property managers		(873	)		(3,251	)		(2,262	)		(4,607	)		(2,185	)		(2,337	)
Increase (decrease) in liabilities
Accrued expenses		2,351			1,621			1,630			(22	)		1,970			3,607
Tenant deposits		3,443			2,768			1,995			4,168			2,495			2,745
Due to (from) related parties		2,220			2,826			7,871			13,882			(5,112	)		(5,189	)
Net cash provided by (used in) operating activities		3,458			99			4,649			6,187			(3,899	)		1,468
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			(100	)		-			-
Distributions		(3,129	)		(1,557	)		(1,747	)		(2,136	)		(3,710	)		(8,158	)
Net cash provided by (used in) financing activities		(3,129	)		(1,557	)		(1,747	)		(2,236	)		(3,710	)		(8,158	)
Net change in cash		329			(1,458	)		2,901			3,951			(7,609	)		(6,690	)
Cash at beginning of the period		2,190			2,222			4,069			9,534			21,695			6,958
Cash at end of of the period	$	2,519		$	764		$	6,970		$	13,484		$	14,086		$	268
Cash paid for income taxes	$	100		$	-		$	786		$	-		$	50		$	250
Cash paid for interest expenses	$	4,924		$	4,525		$	5,277		$	6,496		$	4,146		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	209,142		$	186,989		$	218,270		$	329,554		$	209,840		$	-
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-272

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Salem			Salinas			Saturn			Scepter			Sequoyah			Shallowford
Cash Flows from Operating Activities:
Net income (loss)	$	(3,845	)	$	2,303		$	(1,911	)	$	(1,350	)	$	(17,973	)	$	(10,066	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		4,387			4,039			3,632			3,238			3,401			4,958
Amortization		68			-			30			36			310			255
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(2,195	)		(1,945	)		(1,806	)		(1,795	)		(2,295	)		-
Prepaid expenses		(2,092	)		-			(1,451	)		(2,373	)		(257	)		(2,817	)
Due from (to) third party property managers		(1,241	)		(1,643	)		(1,336	)		(1,380	)		-			-
Increase (decrease) in liabilities
Accrued expenses		1,884			3,489			1,413			1,787			6,938			1,633
Tenant deposits		2,195			1,945			1,806			1,795			2,295			-
Due to (from) related parties		(220	)		(9,279	)		5,767			(644	)		6,440			3,673
Net cash provided by (used in) operating activities		(1,059	)		(1,092	)		6,144			(686	)		(1,142	)		(2,364	)
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		(200	)		-			-			(100	)		-			-
Distributions		(3,580	)		(4,376	)		(1,748	)		(1,836	)		(858	)		(1,971	)
Net cash provided by (used in) financing activities		(3,780	)		(4,376	)		(1,748	)		(1,936	)		(858	)		(1,971	)
Net change in cash		(4,839	)		(5,468	)		4,396			(2,622	)		(2,000	)		(4,335	)
Cash at beginning of the period		10,972			14,381			4,379			4,796			2,000			4,335
Cash at end of of the period	$	6,133		$	8,913		$	8,775		$	2,173		$	-		$	-
Cash paid for income taxes	$	-		$	50		$	-		$	50		$	-		$	875
Cash paid for interest expenses	$	4,983		$	-		$	3,262		$	3,698		$	4,613		$	6,251
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	208,862		$	-		$	138,122		$	187,025		$	121,882		$	176,885
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-273

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Shoreline			Sigma			Simon			Sims			Soapstone			Sodalis
Cash Flows from Operating Activities:
Net income (loss)	$	(3,581	)	$	(5,352	)	$	3,917		$	1,394		$	2,148		$	(1,861	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		4,260			5,240			3,976			3,749			3,000			3,980
Amortization		(23	)		46			-			-			96			-
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			(17,919	)		-
Deposits		(2,295	)		(2,869	)		(2,095	)		(2,768	)		(2,350	)		(2,000	)
Prepaid expenses		(1,569	)		(2,328	)		(470	)		(478	)		-			(52	)
Due from (to) third party property managers		(3,057	)		(690	)		(2,003	)		(1,671	)		(2,294	)		(2,971	)
Increase (decrease) in liabilities
Accrued expenses		1,835			2,061			4,887			4,496			6,743			9,061
Tenant deposits		2,295			2,869			2,095			2,768			2,350			2,000
Due to (from) related parties		5,742			(3,748	)		(18,220	)		(17,789	)		(3,931	)		(5,636	)
Net cash provided by (used in) operating activities		3,607			(4,773	)		(7,913	)		(10,298	)		(12,157	)		2,520
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			(2,100	)
Distributions		(2,139	)		(2,749	)		(7,978	)		(6,750	)		(3,601	)		(4,490	)
Net cash provided by (used in) financing activities		(2,139	)		(2,749	)		(7,978	)		(6,750	)		(3,601	)		(6,590	)
Net change in cash		1,468			(7,522	)		(15,891	)		(17,048	)		(15,758	)		(4,070	)
Cash at beginning of the period		(0	)		7,893			18,491			17,985			16,910			5,917
Cash at end of of the period	$	1,468		$	371		$	2,600		$	937		$	1,152		$	1,846
Cash paid for income taxes	$	92		$	-		$	-		$	-		$	-		$	-
Cash paid for interest expenses	$	4,877		$	5,268		$	-		$	-		$	2,704		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	209,965		$	266,960		$	-		$	-		$	126,994		$	-
Offering expenses	$	2,498		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-274

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Spencer			Splash			Spring			Stonebriar			Sugar			Summerset
Cash Flows from Operating Activities:
Net income (loss)	$	(2,934	)	$	(990	)	$	(4,452	)	$	(4,068	)	$	(5,388	)	$	(3,755	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		4,157			2,978			3,401			2,787			4,279			5,058
Amortization		45			159			-			29			46			40
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(2,349	)		(1,550	)		(1,695	)		(1,395	)		(3,590	)		(2,843	)
Prepaid expenses		(1,406	)		(150	)		(139	)		(1,392	)		(2,303	)		(1,165	)
Due from (to) third party property managers		(3,214	)		(243	)		(2,656	)		(1,928	)		(2,882	)		(4,638	)
Increase (decrease) in liabilities
Accrued expenses		3,283			5,885			3,667			1,364			1,816			1,454
Tenant deposits		2,349			1,550			1,695			1,395			3,590			2,843
Due to (from) related parties		4,536			(15,985	)		(1,920	)		(570	)		5,861			5,988
Net cash provided by (used in) operating activities		4,468			(8,346	)		(2,098	)		(3,779	)		1,430			2,981
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		(200	)		-			-			-			-			-
Distributions		(3,428	)		(4,003	)		(5,043	)		(975	)		(2,159	)		(828	)
Net cash provided by (used in) financing activities		(3,628	)		(4,003	)		(5,043	)		(975	)		(2,159	)		(828	)
Net change in cash		839			(12,349	)		(7,141	)		(4,754	)		(729	)		2,153
Cash at beginning of the period		597			13,815			9,230			14,993			2,820			2,097
Cash at end of of the period	$	1,436		$	1,467		$	2,089		$	10,239		$	2,090		$	4,249
Cash paid for income taxes	$	94		$	-		$	240		$	-		$	114		$	25
Cash paid for interest expenses	$	4,554		$	2,637		$	-		$	3,221		$	4,706		$	3,873
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	192,578		$	122,029		$	-		$	132,769		$	199,011		$	163,590
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-275

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Sundance			Sunnyside			Swift			Taylor			Terracotta			Theodore
Cash Flows from Operating Activities:
Net income (loss)	$	(5,345	)	$	239		$	695		$	(7,549	)	$	(6,262	)	$	884
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		5,102			3,039			5,287			3,689			3,787			3,947
Amortization		394			-			-			178			40			-
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(2,695	)		-			-			(1,645	)		-			(2,245	)
Prepaid expenses		(178	)		(219	)		-			(1,308	)		(2,245	)		(470	)
Due from (to) third party property managers		(9,619	)		(453	)		(1,837	)		(1,598	)		(2,121	)		(1,104	)
Increase (decrease) in liabilities
Accrued expenses		13,214			3,582			5,441			1,747			1,208			4,830
Tenant deposits		2,695			-			-			1,645			-			2,245
Due to (from) related parties		(1,800	)		(786	)		(18,361	)		8,580			6,520			(3,593	)
Net cash provided by (used in) operating activities		1,768			5,403			(8,774	)		3,738			927			4,494
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			-
Distributions		(3,169	)		(6,165	)		(5,608	)		(2,055	)		(2,206	)		(7,291	)
Net cash provided by (used in) financing activities		(3,169	)		(6,165	)		(5,608	)		(2,055	)		(2,206	)		(7,291	)
Net change in cash		(1,401	)		(762	)		(14,382	)		1,683			(1,279	)		(2,797	)
Cash at beginning of the period		7,408			21,022			33,205			1,314			6,476			20,437
Cash at end of of the period	$	6,006		$	20,260		$	18,822		$	2,997		$	5,197		$	17,640
Cash paid for income taxes	$	50		$	-		$	-		$	-		$	-		$	437
Cash paid for interest expenses	$	6,480		$	-		$	-		$	3,987		$	4,353		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	154,875		$	-		$	-		$	112,128		$	220,369		$	-
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-276

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Tulip			Tuscan			Tuscarora			Tuxford			Vernon			Walton
Cash Flows from Operating Activities:
Net income (loss)	$	(1,835	)	$	(4,107	)	$	3,757		$	(11,423	)	$	(4,614	)	$	3,496
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		4,363			4,439			4,591			3,601			3,619			4,123
Amortization		40			169			-			35			34			-
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(2,195	)		(2,295	)		(3,145	)		(1,895	)		(2,843	)		(2,095	)
Prepaid expenses		(1,609	)		(454	)		(110	)		(2,360	)		(1,781	)		(81	)
Due from (to) third party property managers		(3,639	)		-			(8,722	)		-			(2,918	)		(1,927	)
Increase (decrease) in liabilities
Accrued expenses		2,018			8,575			5,017			1,509			1,623			7,089
Tenant deposits		2,195			2,295			3,145			1,895			2,843			2,095
Due to (from) related parties		8,001			652			1,552			15,279			9,147			625
Net cash provided by (used in) operating activities		7,340			9,274			6,085			6,641			5,110			13,325
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		(300	)		-			-			-			-			(1,500	)
Distributions		(1,846	)		(3,685	)		(9,144	)		(952	)		(1,833	)		(3,613	)
Net cash provided by (used in) financing activities		(2,146	)		(3,685	)		(9,144	)		(952	)		(1,833	)		(5,113	)
Net change in cash		5,194			5,589			(3,058	)		5,689			3,277			8,213
Cash at beginning of the period		664			17,299			18,305			360			1,136			4,598
Cash at end of of the period	$	5,858		$	22,889		$	15,247		$	6,048		$	4,413		$	12,810
Cash paid for income taxes	$	-		$	-		$	50		$	84		$	79		$	-
Cash paid for interest expenses	$	5,310		$	3,839		$	-		$	3,493		$	3,557		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-
Mortgage payable, net of capitalized loan costs for acquisition of property	$	219,667		$	180,884		$	-		$	176,574		$	179,904		$	-
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-277

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Wave			Weldon			Wellington			Wentworth			Wescott			Westchester
Cash Flows from Operating Activities:
Net income (loss)	$	(27,053	)	$	(1,386	)	$	(463	)	$	(314	)	$	(12,163	)	$	(8,166	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		4,596			2,906			6,241			3,417			3,765			4,687
Amortization		41			30			-			57			58			46
Credit loss expense (recovery)		-			-			-			-			-			-
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-
Deposits		(3,293	)		(2,168	)		(2,395	)		(1,595	)		(3,440	)		(3,119	)
Prepaid expenses		(2,011	)		(1,365	)		-			(1,124	)		(800	)		(1,980	)
Due from (to) third party property managers		(2,954	)		(2,032	)		(2,921	)		-			(1,779	)		(3,392	)
Increase (decrease) in liabilities
Accrued expenses		1,231			1,451			5,522			1,861			1,514			2,026
Tenant deposits		3,293			2,168			2,395			1,595			3,440			3,119
Due to (from) related parties		25,550			612			(6,490	)		1,957			7,575			17,744
Net cash provided by (used in) operating activities		(602	)		215			1,888			5,853			(1,830	)		10,965
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			(700	)		-			-			-
Distributions		(418	)		(1,470	)		(8,483	)		(4,049	)		(1,563	)		(4,001	)
Net cash provided by (used in) financing activities		(418	)		(1,470	)		(9,183	)		(4,049	)		(1,563	)		(4,001	)
Net change in cash		(1,020	)		(1,255	)		(7,295	)		1,804			(3,392	)		6,964
Cash at beginning of the period		1,332			5,100			21,206			11,461			5,493			-
Cash at end of of the period	$	312		$	3,845		$	13,910		$	13,265		$	2,101		$	6,964
Cash paid for income taxes	$	-		$	-		$	250		$	-		$	662		$	137
Cash paid for interest expenses	$	4,380		$	2,674		$	-		$	3,125		$	4,145		$	4,645
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	340,000
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	340,000
Mortgage payable, net of capitalized loan costs for acquisition of property	$	221,759		$	134,889		$	-		$	155,160		$	133,016		$	196,435
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	3,640
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-278

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Wildwood			Willow			Wilson			Winchester			Windsor			Winston			Wisteria			Consolidated
Cash Flows from Operating Activities:
Net income (loss)	$	(1,201	)	$	2,615		$	(53	)	$	521		$	(4,959	)	$	1,161		$	(5,519	)	$	(859,372	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		3,031			4,020			5,861			4,209			4,809			4,519			4,867			1,088,121
Amortization		49			-			-			-			50			-			38			10,533
Credit loss expense (recovery)		-			-			-			-			-			-			-			(960	)
(Increase) Decrease in assets
Other receivables		-			-			-			-			-			-			-			(22,394	)
Deposits		(1,945	)		-			(2,445	)		(1,895	)		(4,193	)		(1,795	)		(3,143	)		(506,848	)
Prepaid expenses		(1,436	)		(222	)		(61	)		(426	)		(3,011	)		(213	)		(1,579	)		(286,870	)
Due from (to) third party property managers		(2,221	)		(2,277	)		(2,528	)		(1,426	)		(150	)		(4,604	)		(2,705	)		(520,780	)
Increase (decrease) in liabilities
Accrued expenses		1,848			7,484			8,900			4,728			3,063			5,935			1,705			917,567
Tenant deposits		1,945			-			2,445			1,895			4,193			1,795			3,143			506,848
Due to (from) related parties		2,687			4,669			(7,274	)		(12,280	)		5,848			6,810			534			714,590
Net cash provided by (used in) operating activities		2,757			16,289			4,845			(4,673	)		5,651			13,608			(2,658	)		1,040,436
Net cash flows provided by (used in) from investing activities		-			-			-			-			-			-			-			-
Cash flows from financing activities
Repayments of amounts due to related party		-			-			-			-			-			-			-			(1,373,226	)
Net proceeds from the issuance of membership units		-			(1,600	)		(100	)		-			-			(1,100	)		-			1,198,394
Distributions		(2,626	)		(6,015	)		(7,886	)		(8,167	)		(4,725	)		(7,122	)		(1,685	)		(990,663	)
Net cash provided by (used in) financing activities		(2,626	)		(7,615	)		(7,986	)		(8,167	)		(4,725	)		(8,222	)		(1,685	)		(1,165,495	)
Net change in cash		131			8,675			(3,141	)		(12,840	)		926			5,386			(4,344	)		(125,059	)
Cash at beginning of the period		8,715			5,756			16,705			22,928			4,851			12,303			10,967			2,531,500
Cash at end of of the period	$	8,846		$	14,430		$	13,564		$	10,088		$	5,776		$	17,689		$	6,623		$	2,406,441
Cash paid for income taxes	$	532		$	-		$	-		$	-		$	109		$	-		$	-		$	47,538
Cash paid for interest expenses	$	3,074		$	-		$	-		$	-		$	5,311		$	-		$	4,966		$	578,090
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	1,070,000
Acquisition of property	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	1,070,000
Mortgage payable, net of capitalized loan costs for acquisition of property	$	107,263		$	-		$	-		$	-		$	224,777		$	-		$	205,344		$	23,900,670
Offering expenses	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	12,724
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-

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

F-279

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	100			101			Abbington			Amber			Apollo			Aster
Cash flows from operating activities:
Net income (loss)	$	(2,331	)	$	(43,759	)	$	(26,014	)	$	(24,132	)	$	(12,006	)	$	(29,727	)
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
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
Net cash provided by 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 acquisition of property	$	600,998		$	621,942		$	475,904		$	295,212		$	195,468		$	254,289
Acquisition of property	$	600,998		$	621,942		$	475,904		$	295,212		$	195,468		$	254,289
Mortgage payable for acquisition of property	$	28,792		$	51,083		$	16,832		$	214,658		$	138,395		$	136,183
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

F-280

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Augusta			Avebury			Avondale			Badminton			Bandelier			Baron
Cash flows from operating activities:
Net income (loss)	$	(1,262	)	$	(16,431	)	$	(3,975	)	$	(9,474	)	$	(16,343	)	$	(11,935	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		-			3,995			-			3,505			4,170			8,229
Amortization		-			38			-			42			43			-
Changes in assets and liabilities:
Prepaid expenses		-			(1,258	)		(851	)		(602	)		(1,779	)		(1,656	)
Accrued expenses		936			3,972			3,343			3,379			3,139			7,920
Due from third party property managers		-			(7,177	)		-			(3,734	)		(6,107	)		(6,090	)
Due to (from) related party		30			20,858			1,464			5,356			20,044			14,572
Net cash provided by operating activities		-			3,996			-			(1,529	)		3,167			11,039
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	)
Net cash provided by (used in) financing activities		-			(2,503	)		25,496			(3,444	)		(2,360	)		(10,411	)
Net change in cash and cash equivalents		-			1,494			25,496			(4,973	)		807			629
Cash at beginning of period		-			1,134			-			15,849			13,098			19,732
Cash at end of period	$	-		$	2,628		$	25,496		$	10,875		$	13,904		$	20,361
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	225		$	-		$	-		$	50		$	-
Cash paid for interest	$	-		$	(3,971	)	$	-		$	(4,070	)	$	(4,789	)	$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	298,848		$	285,263		$	331,707		$	244,997		$	340,510		$	566,714
Acquisition of property	$	298,848		$	285,263		$	331,707		$	244,997		$	340,510		$	566,714
Mortgage payable for acquisition of property	$	299,784		$	211,299		$	2,543		$	184,338		$	254,401		$	31,351
Offering expenses and fees related to issuance of membership units	$	-		$	(19,557	)	$	(29,554	)	$	(17,966	)	$	(21,747	)	$	(48,882	)
Deemed contribution from Manager	$	30		$	-		$	-		$	-		$	-		$	-

F-281

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Basil			Bayside			Bazzel			Bedford			Bella			Belle
Cash flows from operating activities:
Net income (loss)	$	(5,304	)	$	(6,157	)	$	(7,245	)	$	(2,087	)	$	(985	)	$	(23,902	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		2,784			3,525			3,763			3,847			-			6,042
Amortization		34			40			-			37			-			-
Changes in assets and liabilities:
Prepaid expenses		(943	)		(3,082	)		(1,035	)		(1,299	)		-			(1,885	)
Accrued expenses		2,775			4,818			5,478			3,593			761			8,479
Due from third party property managers		(1,401	)		(6,504	)		(3,857	)		(9,255	)		-			(8,786	)
Due to (from) related party		3,170			2,575			7,705			6,495			224			28,638
Net cash provided by operating activities		1,116			(4,784	)		4,809			1,331			-			8,587
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			-
Distributions		(2,836	)		(3,815	)		(4,360	)		(3,421	)		-			(6,528	)
Net cash provided by (used in) financing activities		(2,836	)		(3,815	)		(4,360	)		(3,421	)		-			(6,528	)
Net change in cash and cash equivalents		(1,720	)		(8,599	)		449			(2,090	)		-			2,059
Cash at beginning of period		9,670			18,745			14,346			19,399			-			471
Cash at end of period	$	7,951		$	10,147		$	14,795		$	17,309		$	-		$	2,530
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	89		$	114		$	-		$	116		$	-		$	250
Cash paid for interest	$	(2,228	)	$	(3,873	)	$	-		$	(3,835	)	$	-		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	194,692		$	246,508		$	262,450		$	274,739		$	308,439		$	432,007
Acquisition of property	$	194,692		$	246,508		$	262,450		$	274,739		$	308,439		$	432,007
Mortgage payable for acquisition of property	$	139,208		$	176,635		$	29,461		$	206,792		$	309,424		$	14,820
Offering expenses and fees related to issuance of membership units	$	(15,082	)	$	(18,311	)	$	(22,248	)	$	(19,315	)	$	-		$	(38,162	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-282

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Belvedere			Bergenia			Blossom			Bonneau			Brainerd			Braxton
Cash flows from operating activities:
Net income (loss)	$	(8,029	)	$	(159	)	$	(5,752	)	$	(17,885	)	$	(7,007	)	$	(19,908	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		-			-			3,495			5,137			3,998			4,458
Amortization		-			-			-			-			423			493
Changes in assets and liabilities:
Prepaid expenses		(779	)		(721	)		(953	)		(2,034	)		(1,085	)		(1,323	)
Accrued expenses		3,158			879			9,079			8,125			8,978			10,930
Due from third party property managers		-			-			(3,817	)		(6,793	)		(6,436	)		(4,914	)
Due to (from) related party		3,895			-			2,727			18,069			3,914			5,736
Net cash provided by operating activities		-			0			4,779			4,618			2,785			(4,527	)
Cash flows from financing activities:
Repayments of amounts due to related party		(298,830	)		-			-			-			-			-
Net proceeds from the issuance of membership units		322,875			-			-			-			-			(100	)
Distributions		-			-			(7,326	)		(6,263	)		(3,671	)		(9,880	)
Net cash provided by (used in) financing activities		24,045			-			(7,326	)		(6,263	)		(3,671	)		(9,980	)
Net change in cash and cash equivalents		24,045			0			(2,547	)		(1,645	)		(886	)		(14,506	)
Cash at beginning of period		-			-			27,514			6,661			8,705			27,902
Cash at end of period	$	24,045		$	0		$	24,967		$	5,016		$	7,819		$	13,396
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	-		$	-		$	-		$	204		$	-
Cash paid for interest	$	-		$	-		$	-		$	-		$	(4,737	)	$	(493	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	297,105		$	-		$	250,482		$	334,508		$	292,032		$	318,297
Acquisition of property	$	297,105		$	-		$	250,482		$	334,508		$	292,032		$	318,297
Mortgage payable for acquisition of property	$	5,327		$	879		$	12,913		$	16,754		$	145,717		$	17,831
Offering expenses and fees related to issuance of membership units	$	(26,835	)	$	-		$	(22,742	)	$	(29,826	)	$	(21,696	)	$	(28,206	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-283

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Brennan			Brooklyn			Burlington			Butter			Camino			Campbell
Cash flows from operating activities:
Net income (loss)	$	(21,102	)	$	(15,211	)	$	(12,309	)	$	(17,762	)	$	(3,011	)	$	(63,841	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		3,115			2,802			8,916			5,190			3,644			1,421.54
Amortization		65			242			-			45			-			-
Changes in assets and liabilities:
Prepaid expenses		(1,900	)		(820	)		(3,523	)		(2,911	)		(838	)		-
Accrued expenses		2,425			5,615			8,271			5,311			8,145			662.50
Due from third party property managers		(2,133	)		-			(9,901	)		(11,232	)		(5,269	)		(9,738.36	)
Due to (from) related party		19,530			(4,803	)		6,825			21,517			3,398			71,044
Net cash provided by operating activities		-			(2,340	)		(1,721	)		157			6,069			(451	)
Cash flows from financing activities:
Repayments of amounts due to related party		(78,448	)		-			-			-			-			-
Net proceeds from the issuance of membership units		90,822			99			-			(2,500	)		-			-
Distributions		(849	)		(2,466	)		(11,597	)		(3,989	)		(7,137	)		-
Net cash provided by (used in) financing activities		11,524			(2,367	)		(11,597	)		(6,489	)		(7,137	)		-
Net change in cash and cash equivalents		11,524			(4,707	)		(13,318	)		(6,332	)		(1,068	)		(451	)
Cash at beginning of period		2,706			10,118			17,715			12,333			18,534			451
Cash at end of period	$	14,230		$	5,411		$	4,397		$	6,000		$	17,466		$	-
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	223		$	60		$	-		$	146		$	60		$	-
Cash paid for interest	$	(4,495	)	$	(2,712	)	$	-		$	(5,130	)	$	-		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	225,570		$	172,195		$	636,000		$	366,775		$	260,564		$	-
Acquisition of property	$	225,570		$	172,195		$	636,000		$	366,775		$	260,564		$	-
Mortgage payable for acquisition of property	$	176,828		$	80,874		$	24,259		$	279,691		$	10,355		$	70,419
Offering expenses and fees related to issuance of membership units	$	(15,358	)	$	(12,671	)	$	(56,149	)	$	(23,211	)	$	(23,218	)	$	-
Deemed contribution from Manager	$	(2,443	)	$	-		$	-		$	-		$	-		$	-

F-284

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Cawley			Centennial			Chaparral			Chelsea			Chester			Chickamauga
Cash flows from operating activities:
Net income (loss)	$	(3,881	)	$	(11,493	)	$	2,020		$	(10,858	)	$	(16,415	)	$	(3,528	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		-			3,917			2,700			4,234			5,944			5,129
Amortization		-			44			79			39			-			-
Changes in assets and liabilities:
Prepaid expenses		-			(406	)		(637	)		(2,341	)		(897	)		(1,535	)
Accrued expenses		2,309			3,009			5,774			4,593			3,825			8,864
Due from third party property managers		-			(3,774	)		(2,441	)		(6,235	)		(6,235	)		(6,476	)
Due to (from) related party		(1,210	)		9,642			(3,507	)		15,448			16,517			(2,455	)
Net cash provided by operating activities		(0	)		940			3,988			4,880			2,739			-
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			(368,035	)
Net proceeds from the issuance of membership units		-			-			-			-			-			398,181
Distributions		-			(2,839	)		(4,192	)		(3,299	)		(2,732	)		(9,478	)
Net cash provided by (used in) financing activities		-			(2,839	)		(4,192	)		(3,299	)		(2,732	)		20,668
Net change in cash and cash equivalents		(0	)		(1,899	)		(204	)		1,580			7			20,668
Cash at beginning of period		-			13,328			17,171			2,482			4,224			-
Cash at end of period	$	(0	)	$	11,429		$	16,968		$	4,062		$	4,231		$	20,668
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	510		$	-		$	225		$	488		$	346
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 acquisition of property	$	316,203		$	273,657		$	185,790		$	302,263		$	369,193		$	370,044
Acquisition of property	$	316,203		$	273,657		$	185,790		$	302,263		$	369,193		$	370,044
Mortgage payable for acquisition of property	$	317,302		$	198,741		$	117,385		$	215,768		$	179,691		$	13,123
Offering expenses and fees related to issuance of membership units	$	-		$	(11,055	)	$	(3,144	)	$	(21,053	)	$	(27,595	)	$	(32,599	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-285

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Chinook			Chitwood			Clover			Coatbridge			Collier			Collinston
Cash flows from operating activities:
Net income (loss)	$	(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		-			5,255			4,397			3,730			4,879			2,906
Amortization		-			-			-			42			-			30
Changes in assets and liabilities:
Prepaid expenses		-			(980	)		(1,210	)		(1,395	)		(956	)		(744	)
Accrued expenses		2,219			10,046			9,628			3,482			5,247			1,984
Due from third party property managers		-			(6,740	)		(5,895	)		(4,948	)		(4,813	)		(8,010	)
Due to (from) related party		(1,219	)		8,690			4,250			7,338			24,183			32,505
Net cash provided by 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		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			(100	)		-
Distributions		-			(8,389	)		(8,714	)		(3,403	)		(6,529	)		(1,430	)
Net cash provided by (used in) financing activities		-			(8,389	)		(8,714	)		(3,403	)		(6,629	)		(1,430	)
Net change in cash and cash equivalents		(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	$	(0	)	$	10,157		$	19,229		$	5,521		$	9,444		$	756
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	-		$	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 acquisition of property	$	306,915		$	375,740		$	314,353		$	260,852		$	348,824		$	203,911
Acquisition of property	$	306,915		$	375,740		$	314,353		$	260,852		$	348,824		$	203,911
Mortgage payable for acquisition of property	$	307,915		$	9,069		$	8,102		$	185,214		$	17,162		$	156,208
Offering expenses and fees related to issuance of membership units	$	-		$	(33,450	)	$	(28,647	)	$	(19,270	)	$	(31,054	)	$	(15,631	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-286

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

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

F-287

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Cypress			Daisy			Davidson			Dawson			Delta			Dewberry
Cash flows from operating activities:
Net income (loss)	$	(19,687	)	$	(5,640	)	$	(17,248	)	$	(19,773	)	$	(48,719	)	$	(11,975	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		5,011			4,138			2,909			3,617			4,749			2,613
Amortization		-			-			31			37			41			33
Changes in assets and liabilities:
Prepaid expenses		(3,945	)		(969	)		(1,925	)		(2,015	)		(2,296	)		(24	)
Accrued expenses		4,644			7,201			2,268			2,896			2,811			2,526
Due from third party property managers		(13,581	)		(5,248	)		(2,985	)		(5,321	)		-			(6,479	)
Due to (from) related party		30,910			7,424			18,365			19,791			41,024			13,670
Net cash provided by operating activities		3,352			6,906			1,416			(768	)		2,321			364
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			-
Distributions		(2,953	)		(6,989	)		(1,387	)		(2,302	)		(2,321	)		(2,382	)
Net cash provided by (used in) financing activities		(2,953	)		(6,989	)		(1,387	)		(2,302	)		(2,321	)		(2,382	)
Net change in cash and cash equivalents		399			(83	)		30			(3,071	)		-			(2,019	)
Cash at beginning of period		987			16,955			4,997			3,688			329			4,997
Cash at end of period	$	1,386		$	16,872		$	5,026		$	617		$	329		$	2,978
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	200		$	153		$	-		$	614		$	125		$	92
Cash paid for interest	$	(6,045	)	$	-		$	(2,879	)	$	(3,419	)	$	(4,435	)	$	(2,836	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	362,988		$	295,867		$	204,663		$	221,927		$	333,609		$	182,711
Acquisition of property	$	362,988		$	295,867		$	204,663		$	221,927		$	333,609		$	182,711
Mortgage payable for acquisition of property	$	188,287		$	11,483		$	157,227		$	162,867		$	260,853		$	129,778
Offering expenses and fees related to issuance of membership units	$	(27,504	)	$	(26,245	)	$	(15,314	)	$	(16,537	)	$	(22,611	)	$	(14,404	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-288

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Diablo			Dogwood			Dolittle			Dolly			Dops			Dorchester
Cash flows from operating activities:
Net income (loss)	$	(41,923	)	$	(3,100	)	$	(10,753	)	$	(37,501	)	$	(6,667	)	$	(21,096	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:														-
Depreciation		2,380			3,320			4,221			9,477			2,341			4,727
Amortization		38			-			38			-			-			-
Changes in assets and liabilities:														-
Prepaid expenses		(1,255	)		(1,107	)		(1,418	)		(1,890	)		(861	)		(2,548	)
Accrued expenses		4,805			6,891			4,374			9,382			5,415			5,913
Due from third party property managers		(4,809	)		(5,700	)		(8,038	)		(8,481	)		(2,993	)		(6,356	)
Due to (from) related party		43,326			2,274			2,446			26,553			(21,568	)		22,105
Net cash provided by operating activities		2,562			2,579			(9,128	)		(2,461	)		-			2,746
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			(205,723	)		-
Net proceeds from the issuance of membership units		-			(100	)		-			(2,500	)		221,871			-
Distributions		(1,806	)		(5,577	)		(3,075	)		(11,092	)		(2,647	)		(6,012	)
Net cash provided by (used in) financing activities		(1,806	)		(5,677	)		(3,075	)		(13,592	)		13,501			(6,012	)
Net change in cash and cash equivalents		756			(3,099	)		(12,203	)		(16,054	)		13,501			(3,266	)
Cash at beginning of period		-			18,140			18,533			23,914			-			10,872
Cash at end of period	$	756		$	15,041		$	6,330		$	7,860		$	13,501		$	7,606
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	50		$	73		$	143		$	964		$	60		$	-
Cash paid for interest	$	(4,067	)	$	-		$	(4,060	)	$	-		$	-		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	291,980		$	236,054		$	297,215		$	677,458		$	203,389		$	337,973
Acquisition of property	$	291,980		$	236,054		$	297,215		$	677,458		$	203,389		$	337,973
Mortgage payable for acquisition of property	$	237,316		$	12,878		$	218,491		$	25,617		$	8,025		$	16,556
Offering expenses and fees related to issuance of membership units	$	(20,790	)	$	(21,063	)	$	(20,977	)	$	(59,958	)	$	(18,769	)	$	(30,687	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	(262	)	$	-

F-289

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Dunbar			Eagle			Eastfair			Elevation			Ella			Ellen
Cash flows from operating activities:
Net income (loss)	$	(32,292	)	$	(8,522	)	$	948		$	(23,676	)	$	(14,977	)	$	(557	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		4,430			3,707			2,956			3,657			2,391			-
Amortization		-			57			38			34			25			-
Changes in assets and liabilities:
Prepaid expenses		(578	)		(1,781	)		(1,630	)		(1,417	)		(912	)		-
Accrued expenses		4,334			3,865			4,018			2,453			7,565			-
Due from third party property managers		(2,658	)		(1,501	)		(5,695	)		(7,847	)		(5,052	)		-
Due to (from) related party		28,855			11,168			(659	)		19,567			10,960			557
Net cash provided by operating activities		2,091			6,993			(24	)		(7,230	)		-			-
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			(267,751	)		-
Net proceeds from the issuance of membership units		(100	)		-			-			-			283,479			-
Distributions		(4,449	)		(3,894	)		(2,881	)		(2,011	)		(3,374	)		-
Net cash provided by (used in) financing activities		(4,549	)		(3,894	)		(2,881	)		(2,011	)		12,355			-
Net change in cash and cash equivalents		(2,458	)		3,099			(2,905	)		(9,241	)		12,355			-
Cash at beginning of period		2,823			2,681			16,361			11,215			-			-
Cash at end of period	$	365		$	5,781		$	13,456		$	1,974		$	12,355		$	-
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	496		$	153		$	83		$	121		$	-		$	-
Cash paid for interest	$	-		$	(4,529	)	$	(3,506	)	$	(4,240	)	$	(4,049	)	$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	315,999		$	269,759		$	206,751		$	254,980		$	262,459		$	-
Acquisition of property	$	315,999		$	269,759		$	206,751		$	254,980		$	262,459		$	-
Mortgage payable for acquisition of property	$	18,888		$	126,483		$	160,912		$	185,307		$	14,728		$	-
Offering expenses and fees related to issuance of membership units	$	(28,056	)	$	(20,184	)	$	(10,926	)	$	(18,777	)	$	(23,221	)	$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	896		$	-

F-290

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Elm			Emporia			Ensenada			Falcon			Felix			Fenwick
Cash flows from operating activities:
Net income (loss)	$	(8,177	)	$	(27,044	)	$	(22,908	)	$	(7,614	)	$	(841	)	$	(2,304	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		2,300			4,918			6,666			3,723			-			-
Amortization		26			43			62			57			-			-
Changes in assets and liabilities:
Prepaid expenses		(2,012	)		(1,552	)		(2,005	)		(1,875	)		-			-
Accrued expenses		2,264			2,909			5,774			4,853			786			2,122
Due from third party property managers		(6,956	)		(4,547	)		(10,081	)		(5,828	)		-			(1,116	)
Due to (from) related party		11,025			21,556			23,253			10,421			55			1,299
Net cash provided by operating activities		(1,530	)		(3,716	)		762			3,737			-			-
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			(100	)		-			-			-			-
Distributions		(2,053	)		(2,288	)		(5,087	)		(3,688	)		-			-
Net cash provided by (used in) financing activities		(2,053	)		(2,388	)		(5,087	)		(3,688	)		-			-
Net change in cash and cash equivalents		(3,582	)		(6,104	)		(4,325	)		49			-			-
Cash at beginning of period		7,318			7,584			24,616			8,945			-			-
Cash at end of period	$	3,735		$	1,479		$	20,290		$	8,994		$	-		$	-
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	81		$	125		$	-		$	153		$	-		$	-
Cash paid for interest	$	(1,887	)	$	(4,790	)	$	(7,656	)	$	(4,529	)	$	-		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	159,547		$	344,114		$	543,683		$	270,595		$	249,528		$	302,140
Acquisition of property	$	159,547		$	344,114		$	543,683		$	270,595		$	249,528		$	302,140
Mortgage payable for acquisition of property	$	116,010		$	252,368		$	407,087		$	135,762		$	250,257		$	305,173
Offering expenses and fees related to issuance of membership units	$	(12,901	)	$	(23,875	)	$	(33,007	)	$	(20,618	)	$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	388

F-291

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Folly			Forest			Foster			Franklin			Gardens			General
Cash flows from operating activities:
Net income (loss)	$	(18,557	)	$	(37,196	)	$	(1,275	)	$	(1,371	)	$	(6,481	)	$	(780	)
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		11,015			5,011			3,687			2,099			2,929			543
Due from third party property managers		(7,083	)		(11,098	)		-			-			(10,301	)		-
Due to (from) related party		19,267			40,985			(1,595	)		(728	)		17,648			237
Net cash provided by operating activities		7,559			(1,176	)		-			-			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		1,760			(4,909	)		-			-			2,336			-
Cash at beginning of period		8,390			5,242			-			-			3,979			-
Cash at end of period	$	10,150		$	333		$	-		$	-		$	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 acquisition of property	$	313,243		$	335,921		$	315,843		$	300,987		$	216,984		$	318,419
Acquisition of property	$	313,243		$	335,921		$	315,843		$	300,987		$	216,984		$	318,419
Mortgage payable for acquisition of property	$	27,748		$	249,896		$	317,712		$	302,245		$	147,903		$	319,175
Offering expenses and fees related to issuance of membership units	$	(27,742	)	$	(21,312	)	$	-		$	-		$	(15,259	)	$	-
Deemed contribution from Manager	$	-		$	-		$	82		$	-		$	-		$	-

F-292

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Goose			Grant			Greenhill			Gretal			Grove			Hadden
Cash flows from operating activities:
Net income (loss)	$	(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		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		10,422			17,647			8,129			6,021			12,217			10,715
Net cash provided by operating activities		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		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	$	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 acquisition of property	$	251,412		$	362,173		$	319,358		$	445,531		$	232,750		$	215,702
Acquisition of property	$	251,412		$	362,173		$	319,358		$	445,531		$	232,750		$	215,702
Mortgage payable for acquisition of property	$	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-293

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Hansard			Hansel			Harrison			Henry			Heritage			Heron
Cash flows from operating activities:
Net income (loss)	$	(6,153	)	$	(30,397	)	$	(16,844	)	$	(19,279	)	$	(20,795	)	$	(11,489	)
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
Amortization		-			80			-			-			38			38
Changes in assets and liabilities:
Prepaid expenses		(1,046	)		(2,158	)		(1,915	)		(1,112	)		(2,790	)		(2,322	)
Accrued expenses		7,302			4,145			5,767			9,858			2,472			4,658
Due from third party property managers		(6,671	)		(5,611	)		(8,696	)		(9,570	)		(18,591	)		(6,314	)
Due to (from) related party		3,094			20,256			20,382			12,286			28,855			13,493
Net cash provided by operating activities		-			(8,120	)		4,971			(1,905	)		(6,305	)		2,537
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	)
Net cash provided by (used in) financing activities		17,297			(4,274	)		(4,381	)		(7,130	)		(1,999	)		(2,285	)
Net change in cash and cash equivalents		17,297			(12,394	)		590			(9,035	)		(8,304	)		251
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
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 acquisition of property	$	301,561		$	404,439		$	456,122		$	422,678		$	291,006		$	287,119
Acquisition of property	$	301,561		$	404,439		$	456,122		$	422,678		$	291,006		$	287,119
Mortgage payable for acquisition of property	$	8,823		$	223,615		$	225,966		$	35,314		$	232,966		$	204,797
Offering expenses and fees related to issuance of membership units	$	(27,188	)	$	(28,926	)	$	(34,504	)	$	(35,965	)	$	(19,767	)	$	(19,789	)
Deemed contribution from Manager	$	1,926		$	-		$	-		$	-		$	-		$	-

F-294

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Highland			Hines			Holcomb			Holland			Hollandaise			Holloway
Cash flows from operating activities:
Net income (loss)	$	(10,775	)	$	(9,138	)	$	(13,245	)	$	(22,777	)	$	(24,031	)	$	(15,047	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		3,942			3,510			4,880			2,909			5,028			4,672
Amortization		-			-			-			31			44			49
Changes in assets and liabilities:
Prepaid expenses		(718	)		(675	)		-			(2,022	)		(1,936	)		(1,919	)
Accrued expenses		9,130			5,034			8,164			2,079			3,428			4,149
Due from third party property managers		(6,713	)		-			(17,660	)		(5,475	)		(13,553	)		(8,757	)
Due to (from) related party		13,753			7,507			17,859			26,699			35,482			12,756
Net cash provided by operating activities		8,620			6,239			(2	)		1,443			4,463			(4,097	)
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			-
Distributions		(5,177	)		(5,320	)		(6,546	)		(1,516	)		(3,288	)		(4,574	)
Net cash provided by (used in) financing activities		(5,177	)		(5,320	)		(6,546	)		(1,516	)		(3,288	)		(4,574	)
Net change in cash and cash equivalents		3,442			919			(6,548	)		(73	)		1,175			(8,670	)
Cash at beginning of period		-			10,080			19,039			2,472			2,675			18,012
Cash at end of period	$	3,442		$	10,999		$	12,491		$	2,399		$	3,850		$	9,342
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	404		$	250		$	510		$	856		$	148
Cash paid for interest	$	-		$	-		$	-		$	(2,879	)	$	(4,303	)	$	(5,160	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	281,854		$	259,330		$	347,896		$	204,178		$	358,832		$	326,223
Acquisition of property	$	281,854		$	259,330		$	347,896		$	204,178		$	358,832		$	326,223
Mortgage payable for acquisition of property	$	14,605		$	11,557		$	25,579		$	150,835		$	260,658		$	232,783
Offering expenses and fees related to issuance of membership units	$	(24,774	)	$	(22,366	)	$	(30,935	)	$	(15,642	)	$	(24,036	)	$	(14,853	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-295

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Inglewood			Jack			Jake			Jefferson			Jill			Johnny
Cash flows from operating activities:
Net income (loss)	$	(36,601	)	$	(18,926	)	$	(19,045	)	$	(8,441	)	$	(16,453	)	$	(49,223	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		9,377			6,377			8,093			3,148			5,461			8,049
Amortization		493			49			-			-			-			492
Changes in assets and liabilities:
Prepaid expenses		(2,642	)		(1,920	)		(2,292	)		(1,602	)		(3,923	)		(1,582	)
Accrued expenses		7,763			3,383			8,364			6,585			4,016			7,561
Due from third party property managers		(10,489	)		(6,603	)		(9,673	)		(5,712	)		(5,936	)		(10,844	)
Due to (from) related party		13,576			19,150			28,588			6,022			24,876			45,525
Net cash provided by operating activities		(18,522	)		1,510			14,035			-			8,041			(22	)
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			(277,992	)		-			-
Net proceeds from the issuance of membership units		(100	)		-			(1,000	)		294,864			-			-
Distributions		(10,932	)		(3,119	)		(10,781	)		(3,515	)		(4,290	)		(9,981	)
Net cash provided by (used in) financing activities		(11,032	)		(3,119	)		(11,781	)		13,357			(4,290	)		(9,981	)
Net change in cash and cash equivalents		(29,554	)		(1,609	)		2,254			13,357			3,751			(10,003	)
Cash at beginning of period		32,769			7,161			17,446			-			648			34,856
Cash at end of period	$	3,215		$	5,552		$	19,700		$	13,357		$	4,399		$	24,853
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	905		$	891		$	-		$	100		$	644		$	939
Cash paid for interest	$	(493	)	$	(6,384	)	$	-		$	-		$	(6,669	)	$	(15,288	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	668,980		$	420,391		$	577,299		$	273,048		$	399,496		$	575,336
Acquisition of property	$	668,980		$	420,391		$	577,299		$	273,048		$	399,496		$	575,336
Mortgage payable for acquisition of property	$	16,529		$	303,930		$	25,201		$	7,493		$	196,995		$	68,034
Offering expenses and fees related to issuance of membership units	$	(58,640	)	$	(28,009	)	$	(51,028	)	$	(24,636	)	$	(29,571	)	$	(50,527	)
Deemed contribution from Manager	$	-		$	-		$	-		$	2,893		$	-		$	-

F-296

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	June			Jupiter			Kawana			Kennesaw			Kenny			KerriAnn
Cash flows from operating activities:
Net income (loss)	$	(45,850	)	$	(18,922	)	$	(10,137	)	$	(13,224	)	$	(26,272	)	$	(32,276	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		8,049			2,906			3,786			5,836			9,477			4,686
Amortization		492			30			37			-			-			44
Changes in assets and liabilities:
Prepaid expenses		(1,583	)		(1,047	)		(1,969	)		(1,365	)		(1,890	)		(860	)
Accrued expenses		13,064			2,118			3,274			8,374			9,400			2,820
Due from third party property managers		(10,210	)		(4,909	)		(6,047	)		(21,876	)		(8,725	)		(7,801	)
Due to (from) related party		52,522			21,252			14,042			21,761			18,697			33,012
Net cash provided by operating activities		16,483			1,427			2,985			(493	)		688			(375	)
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			-
Distributions		(10,641	)		(1,680	)		(3,046	)		(7,286	)		(11,108	)		(2,045	)
Net cash provided by (used in) financing activities		(10,641	)		(1,680	)		(3,046	)		(7,286	)		(11,108	)		(2,045	)
Net change in cash and cash equivalents		5,842			(253	)		(61	)		(7,779	)		(10,420	)		(2,420	)
Cash at beginning of period		5,677			6,229			836			17,930			24,406			14,504
Cash at end of period	$	11,519		$	5,976		$	775		$	10,151		$	13,986		$	12,084
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	939		$	500		$	174		$	250		$	970		$	510
Cash paid for interest	$	(15,288	)	$	(3,262	)	$	(3,766	)	$	-		$	-		$	(4,655	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	575,336		$	203,931		$	270,350		$	417,307		$	677,458		$	329,731
Acquisition of property	$	575,336		$	203,931		$	270,350		$	417,307		$	677,458		$	329,731
Mortgage payable for acquisition of property	$	51,552		$	149,416		$	189,483		$	28,917		$	18,219		$	258,970
Offering expenses and fees related to issuance of membership units	$	(50,527	)	$	(15,942	)	$	(19,114	)	$	(36,935	)	$	(59,955	)	$	(21,331	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-297

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Kessler			Kingsley			Kirkwood			Korin			Lallie			Lanier
Cash flows from operating activities:
Net income (loss)	$	(16,294	)	$	(10,714	)	$	(15,657	)	$	(5,511	)	$	(18,291	)	$	(10,491	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		4,111			4,290			3,592			3,823			5,115			5,194
Amortization		-			48			35			-			53			45
Changes in assets and liabilities:
Prepaid expenses		(978	)		(946	)		(2,277	)		(818	)		(1,007	)		(2,881	)
Accrued expenses		2,427			3,974			3,237			7,881			4,565			3,467
Due from third party property managers		(4,317	)		(6,686	)		(5,626	)		(6,075	)		(4,513	)		(8,996	)
Due to (from) related party		16,973			5,416			18,528			701			14,445			5,119
Net cash provided by operating activities		1,923			(4,618	)		1,832			-			367			(8,543	)
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			(276,604	)		-			-
Net proceeds from the issuance of membership units		-			-			-			298,785			-			(100	)
Distributions		(1,732	)		(3,912	)		(1,702	)		(3,893	)		(3,171	)		(2,970	)
Net cash provided by (used in) financing activities		(1,732	)		(3,912	)		(1,702	)		18,288			(3,171	)		(3,070	)
Net change in cash and cash equivalents		192			(8,530	)		130			18,288			(2,804	)		(11,613	)
Cash at beginning of period		2,740			17,910			1,921			-			4,816			24,791
Cash at end of period	$	2,932		$	9,380		$	2,050		$	18,288		$	2,013		$	13,178
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	123		$	501		$	-		$	143		$	125
Cash paid for interest	$	(6,385	)	$	(5,020	)	$	(4,358	)	$	-		$	(5,614	)	$	(6,313	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	261,890		$	302,556		$	257,751		$	276,149		$	355,918		$	372,351
Acquisition of property	$	261,890		$	302,556		$	257,751		$	276,149		$	355,918		$	372,351
Mortgage payable for acquisition of property	$	132,538		$	226,032		$	190,434		$	12,464		$	256,808		$	272,818
Offering expenses and fees related to issuance of membership units	$	(19,181	)	$	(13,559	)	$	(17,616	)	$	(25,655	)	$	(25,108	)	$	(24,832	)
Deemed contribution from Manager	$	-		$	-		$	-		$	(939	)	$	-		$	-

F-298

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Lannister			Latte			Lennox			Lierly			Lily			Limestone
Cash flows from operating activities:
Net income (loss)	$	(17,811	)	$	(2,378	)	$	(4,098	)	$	1,106		$	(60,999	)	$	(10,638	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		3,027			5,011			2,978			2,932			7,493			4,023
Amortization		51			-			36			96			51			38
Changes in assets and liabilities:
Prepaid expenses		(2,234	)		(1,375	)		(848	)		(686	)		(4,503	)		(945	)
Accrued expenses		2,079			6,989			3,196			8,156			3,981			4,300
Due from third party property managers		(5,362	)		(8,178	)		(5,085	)		(1,685	)		(7,488	)		(7,938	)
Due to (from) related party		18,479			6,234			(2,311	)		(8,436	)		60,699			10,883
Net cash provided by operating activities		(1,773	)		6,303			(6,132	)		1,483			(767	)		(277	)
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		(100	)		-			-			-			-			-
Distributions		(1,520	)		(6,661	)		(3,390	)		(4,066	)		(3,607	)		(4,524	)
Net cash provided by (used in) financing activities		(1,620	)		(6,661	)		(3,390	)		(4,066	)		(3,607	)		(4,524	)
Net change in cash and cash equivalents		(3,392	)		(357	)		(9,522	)		(2,583	)		(4,374	)		(4,800	)
Cash at beginning of period		4,232			17,864			21,323			21,568			41,852			14,859
Cash at end of period	$	839		$	17,506		$	11,801		$	18,985		$	37,478		$	10,059
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	60		$	105		$	461		$	153		$	-		$	128
Cash paid for interest	$	(3,588	)	$	-		$	(3,267	)	$	(2,645	)	$	(6,087	)	$	(4,533	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	179,626		$	358,276		$	208,265		$	202,590		$	515,122		$	281,950
Acquisition of property	$	179,626		$	358,276		$	208,265		$	202,590		$	515,122		$	281,950
Mortgage payable for acquisition of property	$	125,792		$	15,429		$	147,754		$	144,890		$	411,412		$	203,015
Offering expenses and fees related to issuance of membership units	$	(12,585	)	$	(31,699	)	$	(15,959	)	$	(2,837	)	$	(31,566	)	$	(18,243	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-299

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Litton			Longwoods			Lookout			Loretta			Louis			Louise
Cash flows from operating activities:
Net income (loss)	$	(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		4,413			-			4,741			9,445			-			3,789
Amortization		467			-			-			-			-			35
Changes in assets and liabilities:
Prepaid expenses		(1,059	)		-			(973	)		(2,255	)		(104	)		(2,257	)
Accrued expenses		9,072			2,783			5,073			9,272			1,844			3,573
Due from third party property managers		(6,119	)		-			(5,675	)		(9,511	)		-			(6,879	)
Due to (from) related party		1,874			(1,237	)		372			9,454			277			(1,446	)
Net cash provided by operating activities		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		(4,497	)		-			(5,805	)		(11,670	)		-			(3,705	)
Net cash provided by (used in) financing activities		(4,597	)		-			(5,805	)		(11,770	)		-			(3,705	)
Net change in cash and cash equivalents		(2,050	)		(0	)		(10,109	)		(12,293	)		(0	)		(12,956	)
Cash at beginning of period		10,902			-			15,181			23,875			-			22,275
Cash at end of period	$	8,852		$	(0	)	$	5,073		$	11,582		$	(0	)	$	9,318
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	236		$	-		$	531		$	1,044		$	-		$	60
Cash paid for interest	$	(5,226	)	$	-		$	-		$	-		$	-		$	(4,017	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	322,302		$	271,468		$	338,224		$	674,211		$	271,384		$	271,130
Acquisition of property	$	322,302		$	271,468		$	338,224		$	674,211		$	271,384		$	271,130
Mortgage payable for acquisition of property	$	157,966		$	272,644		$	12,320		$	18,539		$	272,398		$	190,599
Offering expenses and fees related to issuance of membership units	$	(23,986	)	$	-		$	(29,839	)	$	(59,065	)	$	-		$	(18,860	)
Deemed contribution from Manager	$	-		$	370		$	-		$	-		$	106		$	-

F-300

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Lovejoy			Luna			Lurleen			Madison			Mae			Magnolia
Cash flows from operating activities:
Net income (loss)	$	(17,660	)	$	(5,049	)	$	(8,164	)	$	(26,284	)	$	(8,652	)	$	(18,528	)
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
Amortization		38			38			275			47			-			71
Changes in assets and liabilities:
Prepaid expenses		(1,736	)		(781	)		(888	)		(702	)		(1,313	)		(1,175	)
Accrued expenses		3,200			3,480			8,206			2,326			11,843			2,270
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
Net cash provided by operating activities		611			(1,146	)		-			(1,137	)		4,286			(1,416	)
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	)
Net cash provided by (used in) financing activities		(2,950	)		(3,052	)		7,369			(1,905	)		(8,363	)		(1,795	)
Net change in cash and cash equivalents		(2,339	)		(4,198	)		7,369			(3,042	)		(4,076	)		(3,211	)
Cash at beginning of period		5,439			15,413			-			8,751			29,828			3,512
Cash at end of period	$	3,100		$	11,216		$	7,369		$	5,709		$	25,752		$	301
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	87		$	60		$	60		$	-		$	-
Cash paid for interest	$	(2,854	)	$	(3,506	)	$	(4,159	)	$	(4,038	)	$	-		$	(4,993	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	288,761		$	206,751		$	229,336		$	204,505		$	347,771		$	255,337
Acquisition of property	$	288,761		$	206,751		$	229,336		$	204,505		$	347,771		$	255,337
Mortgage payable for acquisition of property	$	207,672		$	158,609		$	109,975		$	114,921		$	18,518		$	199,786
Offering expenses and fees related to issuance of membership units	$	(20,093	)	$	(15,516	)	$	(17,501	)	$	(15,721	)	$	(31,237	)	$	(17,286	)
Deemed contribution from Manager	$	-		$	-		$	-		$	3,887		$	-		$	-

F-301

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Malbec			Mammoth			Marcelo			Marie			Marietta			Marion
Cash flows from operating activities:
Net income (loss)	$	(7,962	)	$	(12,854	)	$	(14,239	)	$	(6,465	)	$	(15,880	)	$	(1,749	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		4,388			4,686			3,911			3,664			4,131			-
Amortization		67			42			-			-			-			-
Changes in assets and liabilities:
Prepaid expenses		(511	)		(2,301	)		(752	)		(939	)		(1,727	)		-
Accrued expenses		4,262			2,904			7,499			7,902			4,932			1,888
Due from third party property managers		-			(14,624	)		(5,330	)		(7,471	)		(6,370	)		-
Due to (from) related party		509			19,730			8,021			3,309			17,333			(139	)
Net cash provided by operating activities		753			(2,417	)		(891	)		-			2,420			(0	)
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			(320,608	)		-			-
Net proceeds from the issuance of membership units		-			-			(100	)		341,882			-			-
Distributions		(4,963	)		(2,342	)		(7,430	)		(4,447	)		(3,663	)		-
Net cash provided by (used in) financing activities		(4,963	)		(2,342	)		(7,530	)		16,827			(3,663	)		-
Net change in cash and cash equivalents		(4,210	)		(4,759	)		(8,422	)		16,827			(1,243	)		(0	)
Cash at beginning of period		19,049			12,991			23,489			-			1,248			-
Cash at end of period	$	14,839		$	8,233		$	15,067		$	16,827		$	5		$	(0	)
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	153		$	125		$	-		$	100		$	-		$	-
Cash paid for interest	$	(4,891	)	$	(5,695	)	$	-		$	-		$	(5,039	)	$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	306,842		$	335,210		$	280,303		$	317,808		$	301,655		$	256,645
Acquisition of property	$	306,842		$	335,210		$	280,303		$	317,808		$	301,655		$	256,645
Mortgage payable for acquisition of property	$	219,382		$	252,506		$	13,412		$	8,213		$	146,986		$	257,489
Offering expenses and fees related to issuance of membership units	$	(12,207	)	$	(22,296	)	$	(25,117	)	$	(28,717	)	$	(23,300	)	$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	3,438		$	-		$	333

F-302

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Marple			Martell			Mary			Matchingham			McGregor			McLovin
Cash flows from operating activities:
Net income (loss)	$	(3,957	)	$	(9,195	)	$	(4,619	)	$	(1,528	)	$	(13,352	)	$	(28,365	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		-			-			-			2,913			4,132			6,219
Amortization		-			-			-			31			-			58
Changes in assets and liabilities:
Prepaid expenses		(556	)		(1,406	)		-			(762	)		(616	)		(1,711	)
Accrued expenses		1,531			3,682			992			3,578			7,085			5,412
Due from third party property managers		-			-			-			(6,257	)		(5,903	)		(8,341	)
Due to (from) related party		2,982			6,920			3,627			(2,154	)		11,090			23,184
Net cash provided by operating activities		-			-			0			(4,180	)		2,436			(3,543	)
Cash flows from financing activities:
Repayments of amounts due to related party		(179,370	)		(263,700	)		-			-			-			-
Net proceeds from the issuance of membership units		196,682			286,198			-			-			-			-
Distributions		-			-			-			(3,110	)		(6,600	)		(4,618	)
Net cash provided by (used in) financing activities		17,312			22,498			-			(3,110	)		(6,600	)		(4,618	)
Net change in cash and cash equivalents		17,312			22,498			0			(7,290	)		(4,164	)		(8,161	)
Cash at beginning of period		-			-			-			20,963			11,409			16,279
Cash at end of period	$	17,312		$	22,498		$	0		$	13,673		$	7,246		$	8,118
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	-		$	-		$	91		$	577		$	-
Cash paid for interest	$	-		$	-		$	-		$	(2,867	)	$	-		$	(7,179	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	176,869		$	261,963		$	273,703		$	204,602		$	294,052		$	511,644
Acquisition of property	$	176,869		$	261,963		$	273,703		$	204,602		$	294,052		$	511,644
Mortgage payable for acquisition of property	$	1,216		$	3,878		$	274,614		$	154,272		$	14,876		$	381,714
Offering expenses and fees related to issuance of membership units	$	(16,138	)	$	(23,662	)	$	-		$	(15,382	)	$	(26,551	)	$	(31,239	)
Deemed contribution from Manager	$	376		$	-		$	675		$	-		$	-		$	-

F-303

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Meadow			Mimosa			Mojave			Murphy			Mycroft			Nugget
Cash flows from operating activities:
Net income (loss)	$	(29,680	)	$	(10,243	)	$	(4,336	)	$	(8,147	)	$	(3,886	)	$	(7,786	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		4,410			2,956			3,525			4,085			-			7,694
Amortization		39			403			66			38			-			-
Changes in assets and liabilities:
Prepaid expenses		(1,041	)		(798	)		(448	)		(1,315	)		(565	)		(1,684	)
Accrued expenses		2,873			8,165			3,069			5,117			1,576			2,732
Due from third party property managers		(3,576	)		(6,026	)		(1,691	)		(6,910	)		-			(8,089	)
Due to (from) related party		28,366			17,049			4,908			5,677			2,874			10,052
Net cash provided by operating activities		1,391			11,506			5,092			(1,454	)		-			2,919
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			(183,370	)		-
Net proceeds from the issuance of membership units		-			(3,510	)		-			-			200,772			-
Distributions		(2,303	)		(3,448	)		(3,425	)		(3,917	)		-			(10,051	)
Net cash provided by (used in) financing activities		(2,303	)		(6,958	)		(3,425	)		(3,917	)		17,402			(10,051	)
Net change in cash and cash equivalents		(912	)		4,549			1,667			(5,371	)		17,402			(7,132	)
Cash at beginning of period		4,686			-			5,449			20,675			-			18,287
Cash at end of period	$	3,774		$	4,549		$	7,116		$	15,304		$	17,402		$	11,154
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	510		$	60		$	153		$	120		$	-		$	-
Cash paid for interest	$	(4,203	)	$	(3,964	)	$	(3,731	)	$	(4,054	)	$	-		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	309,475		$	212,468		$	236,016		$	287,622		$	180,876		$	548,801
Acquisition of property	$	309,475		$	212,468		$	236,016		$	287,622		$	180,876		$	548,801
Mortgage payable for acquisition of property	$	215,357		$	106,890		$	174,195		$	217,806		$	1,369		$	18,074
Offering expenses and fees related to issuance of membership units	$	(20,029	)	$	(19,957	)	$	(17,249	)	$	(20,496	)	$	(16,448	)	$	(48,217	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	252		$	-

F-304

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Odessa			Olive			Oly			Onyx			Oscar			Osceola
Cash flows from operating activities:
Net income (loss)	$	(54,990	)	$	(13,935	)	$	(21,109	)	$	(1,410	)	$	(725	)	$	(7,603	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		7,332			3,689			6,265			-			-			-
Amortization		59			34			59			-			-			-
Changes in assets and liabilities:
Prepaid expenses		(1,900	)		(1,395	)		(1,705	)		-			-			-
Accrued expenses		4,062			3,319			5,150			2,159			789			2,406
Due from third party property managers		(6,280	)		(6,785	)		(8,699	)		-			-			-
Due to (from) related party		50,566			12,451			18,869			(742	)		(64	)		5,197
Net cash provided by operating activities		(1,150	)		(2,622	)		(1,171	)		7			(0	)		(0	)
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			-
Distributions		(3,282	)		(3,686	)		(4,587	)		-			-			-
Net cash provided by (used in) financing activities		(3,282	)		(3,686	)		(4,587	)		-			-			-
Net change in cash and cash equivalents		(4,432	)		(6,308	)		(5,757	)		7			(0	)		(0	)
Cash at beginning of period		8,131			10,245			20,613			-			-			-
Cash at end of period	$	3,699		$	3,937		$	14,856		$	7		$	(0	)	$	(0	)
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	135		$	-		$	-		$	-		$	-
Cash paid for interest	$	(7,315	)	$	(2,950	)	$	(7,192	)	$	-		$	-		$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	514,908		$	226,563		$	512,231		$	327,464		$	251,638		$	282,359
Acquisition of property	$	514,908		$	226,563		$	512,231		$	327,464		$	251,638		$	282,359
Mortgage payable for acquisition of property	$	394,438		$	136,504		$	383,573		$	328,425		$	252,363		$	283,271
Offering expenses and fees related to issuance of membership units	$	(31,604	)	$	(17,601	)	$	(31,214	)	$	-		$	-		$	-
Deemed contribution from Manager	$	-		$	-		$	-		$	283		$	-		$	7

F-305

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Osprey			Otoro			Palmer			Patrick			Peanut			Pearl
Cash flows from operating activities:
Net income (loss)	$	(7,911	)	$	(48,002	)	$	(1,327	)	$	(3,975	)	$	(8,860	)	$	(11,486	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		5,490			5,243			-			3,096			2,964			7,498
Amortization		-			47			-			33			31			-
Changes in assets and liabilities:
Prepaid expenses		(2,192	)		(994	)		-			(691	)		(833	)		(1,548	)
Accrued expenses		13,816			2,760			2,083			5,621			2,610			9,280
Due from third party property managers		(9,295	)		(1,920	)		-			(1,382	)		(3,488	)		(2,654	)
Due to (from) related party		5,523			44,951			(756	)		(7,614	)		7,836			(1,395	)
Net cash provided by operating activities		5,431			2,086			0			(4,911	)		261			(305	)
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	)		(11,075	)
Net cash provided by (used in) financing activities		(6,448	)		(2,557	)		-			(3,053	)		(2,065	)		(11,075	)
Net change in cash and cash equivalents		(1,016	)		(471	)		0			(7,965	)		(1,804	)		(11,380	)
Cash at beginning of period		15,951			2,223			-			14,028			5,669			34,369
Cash at end of period	$	14,934		$	1,752		$	0		$	6,064		$	3,865		$	22,990
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	125		$	-		$	153		$	60		$	929
Cash paid for interest	$	-		$	(5,363	)	$	-		$	(2,139	)	$	(4,911	)	$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	348,723		$	385,986		$	294,574		$	203,777		$	212,320		$	534,885
Acquisition of property	$	348,723		$	385,986		$	294,574		$	203,777		$	212,320		$	534,885
Mortgage payable for acquisition of property	$	23,386		$	301,370		$	295,714		$	119,822		$	149,277		$	20,952
Offering expenses and fees related to issuance of membership units	$	(30,838	)	$	(27,121	)	$	-		$	(3,417	)	$	(14,658	)	$	(47,112	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	7,527

F-306

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Pecan			Piedmont			Pinot			Pioneer			Plumtree			Point
Cash flows from operating activities:
Net income (loss)	$	(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		2,863			5,255			4,429			7,845			2,768			5,250
Amortization		34			-			71			-			82			46
Changes in assets and liabilities:
Prepaid expenses		(667	)		(1,059	)		(927	)		(1,907	)		(653	)		(2,972	)
Accrued expenses		6,864			3,571			4,290			5,981			7,049			3,516
Due from third party property managers		(4,743	)		(6,780	)		-			(9,647	)		(3,041	)		(7,307	)
Due to (from) related party		(4,444	)		21,543			(1,836	)		24,260			(4,282	)		15,116
Net cash provided by operating activities		(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		(4,169	)		(2,835	)		(5,000	)		(8,482	)		(5,005	)		(3,343	)
Net cash provided by (used in) financing activities		(4,169	)		(2,835	)		(5,000	)		(8,482	)		(5,005	)		(3,743	)
Net change in cash and cash equivalents		(4,935	)		(2	)		(4,136	)		330			639			(5,341	)
Cash at beginning of period		21,146			3,075			20,217			16,528			22,430			17,871
Cash at end of period	$	16,212		$	3,072		$	16,081		$	16,858		$	23,069		$	12,530
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	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 acquisition of property	$	196,048		$	381,910		$	309,812		$	575,882		$	190,351		$	376,380
Acquisition of property	$	196,048		$	381,910		$	309,812		$	575,882		$	190,351		$	376,380
Mortgage payable for acquisition of property	$	129,235		$	183,535		$	221,745		$	35,554		$	125,668		$	277,816
Offering expenses and fees related to issuance of membership units	$	(3,207	)	$	(28,603	)	$	(12,303	)	$	(49,596	)	$	(3,267	)	$	(25,242	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-307

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

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

F-308

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Ribbonwalk			Richardson			Ridge			Ritter			River			Riverwalk
Cash flows from operating activities:
Net income (loss)	$	(36,391	)	$	(11,556	)	$	(4,367	)	$	(37,983	)	$	(3,678	)	$	(11,560	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		4,395			4,325			2,992			6,932			3,662			5,427
Amortization		41			-			36			-			34			-
Changes in assets and liabilities:
Prepaid expenses		(1,431	)		(1,105	)		(837	)		(1,761	)		(963	)		(974	)
Accrued expenses		2,799			9,644			3,189			6,337			3,932			6,686
Due from third party property managers		(2,272	)		(5,010	)		(6,208	)		-			(7,288	)		(6,923	)
Due to (from) related party		33,056			11,575			(65	)		27,114			1,583			15,996
Net cash provided by operating activities		196			7,875			(5,260	)		639			(2,718	)		8,653
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			(200	)		-			-			-			(100	)
Distributions		(2,083	)		(6,636	)		(3,120	)		(8,127	)		(4,066	)		(8,166	)
Net cash provided by (used in) financing activities		(2,083	)		(6,836	)		(3,120	)		(8,127	)		(4,066	)		(8,266	)
Net change in cash and cash equivalents		(1,887	)		1,039			(8,380	)		(7,488	)		(6,784	)		388
Cash at beginning of period		7,106			16,699			17,882			14,795			21,045			12,003
Cash at end of period	$	5,220		$	17,738		$	9,501		$	7,308		$	14,261		$	12,390
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	510		$	153		$	99		$	-		$	118		$	604
Cash paid for interest	$	(4,380	)	$	-		$	(3,680	)	$	-		$	(4,017	)	$	-
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	309,519		$	309,207		$	209,222		$	494,497		$	255,644		$	388,055
Acquisition of property	$	309,519		$	309,207		$	209,222		$	494,497		$	255,644		$	388,055
Mortgage payable for acquisition of property	$	238,683		$	13,248		$	149,280		$	22,499		$	182,701		$	15,490
Offering expenses and fees related to issuance of membership units	$	(21,868	)	$	(27,497	)	$	(15,970	)	$	(43,974	)	$	(18,917	)	$	(34,495	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-309

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Rooney			Roseberry			Rosewood			Roxy			Saddlebred			Saint
Cash flows from operating activities:
Net income (loss)	$	(31,900	)	$	(6,966	)	$	(20,482	)	$	(24,913	)	$	(46,214	)	$	(4,136	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		4,422			4,513			3,719			4,479			7,639			3,771
Amortization		45			39			36			40			54			39
Changes in assets and liabilities:
Prepaid expenses		(2,448	)		(1,725	)		(760	)		(718	)		(1,514	)		(1,119	)
Accrued expenses		3,715			4,860			2,553			2,541			3,635			3,609
Due from third party property managers		(5,905	)		(7,796	)		(8,261	)		(6,226	)		(11,315	)		(6,515	)
Due to (from) related party		34,648			5,467			23,443			27,333			47,541			3,188
Net cash provided by operating activities		2,577			(1,608	)		248			2,537			(174	)		(1,164	)
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			(400	)		-			-
Distributions		(2,499	)		(3,656	)		(1,811	)		(2,008	)		(2,967	)		(3,695	)
Net cash provided by (used in) financing activities		(2,499	)		(3,656	)		(1,811	)		(2,408	)		(2,967	)		(3,695	)
Net change in cash and cash equivalents		78			(5,264	)		(1,563	)		129			(3,141	)		(4,859	)
Cash at beginning of period		3,150			11,158			1,800			2,685			21,247			26,429
Cash at end of period	$	3,228		$	5,894		$	237		$	2,814		$	18,105		$	21,570
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	50		$	50		$	60		$	640		$	-		$	50
Cash paid for interest	$	(5,591	)	$	(4,924	)	$	(4,525	)	$	(5,277	)	$	(6,496	)	$	(4,146	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	360,670		$	315,241		$	266,831		$	321,168		$	470,712		$	313,014
Acquisition of property	$	360,670		$	315,241		$	266,831		$	321,168		$	470,712		$	313,014
Mortgage payable for acquisition of property	$	272,946		$	223,675		$	198,052		$	237,426		$	374,360		$	228,686
Offering expenses and fees related to issuance of membership units	$	(22,854	)	$	(19,062	)	$	(18,740	)	$	(21,459	)	$	(28,493	)	$	(21,267	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-310

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Sajni			Salem			Salinas			Saturn			Scepter			Sequoyah
Cash flows from operating activities:
Net income (loss)	$	(12,870	)	$	(4,559	)	$	(16,992	)	$	(20,119	)	$	(23,977	)	$	(17,959	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		3,457			4,387			2,093			2,984			3,238			3,401
Amortization		-			68			-			30			36			362
Changes in assets and liabilities:
Prepaid expenses		(2,359	)		(1,288	)		(627	)		(913	)		(1,146	)		(993	)
Accrued expenses		9,730			4,043			5,732			2,003			2,376			8,283
Due from third party property managers		(3,392	)		(4,832	)		(1,121	)		(3,762	)		(5,027	)		(4,830	)
Due to (from) related party		5,433			470			10,916			19,993			21,745			6,741
Net cash provided by operating activities		-			(1,709	)		-			217			(2,755	)		(4,995	)
Cash flows from financing activities:
Repayments of amounts due to related party		(316,004	)		-			(239,574	)		-			-			-
Net proceeds from the issuance of membership units		323,300			-			251,086			-			-			-
Distributions		(4,204	)		(4,526	)		(2,990	)		(1,448	)		(1,743	)		(3,365	)
Net cash provided by (used in) financing activities		3,092			(4,526	)		8,523			(1,448	)		(1,743	)		(3,365	)
Net change in cash and cash equivalents		3,092			(6,234	)		8,523			(1,231	)		(4,499	)		(8,360	)
Cash at beginning of period		-			16,872			-			6,596			7,959			10,446
Cash at end of period	$	3,092		$	10,638		$	8,523		$	5,365		$	3,460		$	2,086
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	160		$	50		$	510		$	50		$	-
Cash paid for interest	$	-		$	(4,983	)	$	-		$	(3,262	)	$	(3,698	)	$	(4,050	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	313,136		$	306,884		$	228,134		$	214,435		$	263,944		$	248,738
Acquisition of property	$	313,136		$	306,884		$	228,134		$	214,435		$	263,944		$	248,738
Mortgage payable for acquisition of property	$	14,328		$	223,075		$	6,353		$	154,576		$	199,641		$	127,718
Offering expenses and fees related to issuance of membership units	$	(27,030	)	$	(12,085	)	$	(20,694	)	$	(15,940	)	$	(18,886	)	$	(18,777	)
Deemed contribution from Manager	$	1,424		$	-		$	948		$	-		$	-		$	-

F-311

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Shallowford			Shoreline			Sigma			Simon			Sims			Soapstone
Cash flows from operating activities:
Net income (loss)	$	(24,899	)	$	(12,009	)	$	(16,732	)	$	(4,607	)	$	(4,861	)	$	(41	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		4,970			4,260			5,327			-			-			3,000
Amortization		-			48			46			-			-			96
Changes in assets and liabilities:
Prepaid expenses		(1,504	)		(813	)		(1,353	)		-			-			(666	)
Accrued expenses		6,877			3,692			3,838			1,603			2,162			7,979
Due from third party property managers		(6,823	)		(6,100	)		(5,431	)		-			-			(1,936	)
Due to (from) related party		26,855			8,833			(220	)		3,004			2,699			(6,912	)
Net cash provided by operating activities		5,474			(2,090	)		(14,524	)		0			-			1,519
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		(3,898	)		(3,544	)		(3,396	)		-			-			(3,601	)
Net cash provided by (used in) financing activities		(3,898	)		(3,544	)		(3,396	)		-			13,243			(3,601	)
Net change in cash and cash equivalents		1,577			(5,633	)		(17,920	)		0			13,243			(2,081	)
Cash at beginning of period		1,845			12,274			28,918			-			-			18,435
Cash at end of period	$	3,422		$	6,640		$	10,998		$	0		$	13,243		$	16,354
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	476		$	124		$	510		$	-		$	-		$	153
Cash paid for interest	$	(5,996	)	$	(4,948	)	$	(5,268	)	$	-		$	-		$	(2,561	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	359,292		$	297,629		$	376,029		$	291,597		$	274,929		$	207,249
Acquisition of property	$	359,292		$	297,629		$	376,029		$	291,597		$	274,929		$	207,249
Mortgage payable for acquisition of property	$	184,938		$	218,470		$	280,373		$	293,075		$	1,828		$	141,892
Offering expenses and fees related to issuance of membership units	$	(27,151	)	$	(13,668	)	$	(23,700	)	$	-		$	(24,558	)	$	(3,001	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	1,053		$	-

F-312

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Sodalis			Spencer			Splash			Spring			Stonebriar			Sugar
Cash flows from operating activities:
Net income (loss)	$	(16,029	)	$	(10,124	)	$	(853	)	$	(5,960	)	$	(19,328	)	$	(19,614	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		3,980			4,157			2,978			3,401			2,787			4,279
Amortization		-			45			12			-			29			46
Changes in assets and liabilities:
Prepaid expenses		(809	)		(1,571	)		(798	)		(838	)		(683	)		(1,992	)
Accrued expenses		4,436			5,994			5,033			7,857			2,349			3,891
Due from third party property managers		(5,495	)		(7,602	)		(4,704	)		(5,185	)		(8,726	)		(7,180	)
Due to (from) related party		17,212			4,520			(2,359	)		6,219			24,520			14,735
Net cash provided by operating activities		3,295			(4,581	)		(692	)		5,494			948			(5,834	)
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			-			-			-			-			-
Distributions		(5,042	)		(4,425	)		(4,249	)		(5,463	)		(1,514	)		(2,497	)
Net cash provided by (used in) financing activities		(5,042	)		(4,425	)		(4,249	)		(5,463	)		(1,514	)		(2,497	)
Net change in cash and cash equivalents		(1,747	)		(9,006	)		(4,940	)		31			(567	)		(8,331	)
Cash at beginning of period		6,342			16,586			17,449			11,480			1,421			20,024
Cash at end of period	$	4,595		$	7,580		$	12,509		$	11,512		$	855		$	11,694
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	127		$	3		$	-		$	60		$	144
Cash paid for interest	$	-		$	(4,554	)	$	(2,366	)	$	-		$	(3,221	)	$	(5,354	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	284,546		$	288,758		$	205,306		$	243,200		$	200,104		$	299,096
Acquisition of property	$	284,546		$	288,758		$	205,306		$	243,200		$	200,104		$	299,096
Mortgage payable for acquisition of property	$	10,930		$	207,653		$	135,917		$	10,777		$	152,133		$	212,761
Offering expenses and fees related to issuance of membership units	$	(25,554	)	$	(20,918	)	$	(9,672	)	$	(21,942	)	$	(14,028	)	$	(19,281	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-313

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Summerset			Sundance			Sunnyside			Swift			Taylor			Terracotta
Cash flows from operating activities:
Net income (loss)	$	(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		3,505			5,104			2,533			5,287			3,680			3,787
Amortization		40			525			-			-			-			40
Changes in assets and liabilities:
Prepaid expenses		(1,370	)		(1,025	)		(1,004	)		(397	)		(751	)		(1,021	)
Accrued expenses		3,016			15,334			5,922			9,421			2,689			3,501
Due from third party property managers		(5,798	)		(17,656	)		(8,461	)		(23,725	)		(3,277	)		(6,406	)
Due to (from) related party		19,825			12,123			(428	)		15,493			8,336			13,997
Net cash provided by operating activities		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		(1,867	)		(3,592	)		(3,162	)		(7,504	)		(2,071	)		(3,630	)
Net cash provided by (used in) financing activities		(1,867	)		(3,592	)		18,290			(7,504	)		(2,071	)		(3,630	)
Net change in cash and cash equivalents		4,109			(3,576	)		18,290			(3,954	)		(123	)		(5,188	)
Cash at beginning of period		1,043			10,726			-			11,245			2,567			13,875
Cash at end of period	$	5,152		$	7,151		$	18,290		$	7,291		$	2,444		$	8,687
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	111		$	50		$	60		$	250		$	60		$	50
Cash paid for interest	$	(3,873	)	$	(5,742	)	$	-		$	-		$	(3,095	)	$	(4,353	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	244,913		$	323,148		$	220,349		$	340,653		$	233,173		$	313,982
Acquisition of property	$	244,913		$	323,148		$	220,349		$	340,653		$	233,173		$	313,982
Mortgage payable for acquisition of property	$	175,872		$	180,112		$	6,365		$	26,444		$	106,589		$	228,639
Offering expenses and fees related to issuance of membership units	$	(18,225	)	$	(23,877	)	$	(19,946	)	$	(30,389	)	$	(17,420	)	$	(21,182	)
Deemed contribution from Manager	$	-		$	-		$	(556	)	$	-		$	-		$	-

F-314

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Theodore			Tulip			Tuscan			Tuscarora			Tuxford			Vernon
Cash flows from operating activities:
Net income (loss)	$	(1,828	)	$	(32,286	)	$	(3,483	)	$	(10,969	)	$	(24,548	)	$	(17,210	)
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
Amortization		-			40			14			-			35			35
Changes in assets and liabilities:
Prepaid expenses		-			(937	)		(1,374	)		(976	)		(1,689	)		(1,000	)
Accrued expenses		1,603			2,565			8,578			9,700			2,490			2,939
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
Net cash provided by operating activities		0			2,576			(2,528	)		-			5,122			(156	)
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	)
Net cash provided by (used in) financing activities		-			(2,242	)		(5,923	)		22,101			(2,290	)		(2,438	)
Net change in cash and cash equivalents		0			333			(8,450	)		22,101			2,831			(2,594	)
Cash at beginning of period		-			771			18,855			-			746			6,224
Cash at end of period	$	0		$	1,104		$	10,405		$	22,101		$	3,577		$	3,630
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-		$	60		$	153		$	50		$	-		$	109
Cash paid for interest	$	-		$	(5,310	)	$	(3,503	)	$	-		$	(3,493	)	$	(3,558	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	289,427		$	312,193		$	306,284		$	332,679		$	257,191		$	252,162
Acquisition of property	$	289,427		$	312,193		$	306,284		$	332,679		$	257,191		$	252,162
Mortgage payable for acquisition of property	$	290,905		$	241,327		$	195,370		$	15,052		$	196,977		$	203,974
Offering expenses and fees related to issuance of membership units	$	-		$	(21,680	)	$	(13,037	)	$	(29,923	)	$	(18,176	)	$	(18,381	)
Deemed contribution from Manager	$	-		$	-		$	-		$	1,971		$	-		$	-

F-315

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Walton			Wave			Weldon			Wellington			Wentworth			Wescott
Cash flows from operating activities:
Net income (loss)	$	(50,169	)	$	(36,020	)	$	(16,735	)	$	(10,632	)	$	(3,855	)	$	(20,461	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		4,123			4,569			2,906			6,139			3,417			3,765
Amortization		492			41			30			-			61			58
Changes in assets and liabilities:
Prepaid expenses		(940	)		(983	)		(816	)		(1,007	)		(679	)		(721	)
Accrued expenses		12,496			2,409			2,086			10,314			3,695			2,791
Due from third party property managers		-			(4,609	)		(5,013	)		(13,756	)		(773	)		(5,423	)
Due to (from) related party		40,127			38,979			17,907			3,054			2,811			25,683
Net cash provided by operating activities		6,130			4,385			365			(5,889	)		4,677			5,693
Cash flows from financing activities:
Repayments of amounts due to related party		-			-			-			-			-			-
Net proceeds from the issuance of membership units		-			(2,500	)		-			(200	)		-			-
Distributions		(4,850	)		(2,118	)		(1,531	)		(8,021	)		(4,303	)		(2,664	)
Net cash provided by (used in) financing activities		(4,850	)		(4,618	)		(1,531	)		(8,221	)		(4,303	)		(2,664	)
Net change in cash and cash equivalents		1,280			(233	)		(1,166	)		(14,109	)		374			3,029
Cash at beginning of period		483			1,737			10,131			27,539			8,400			1,739
Cash at end of period	$	1,763		$	1,504		$	8,964		$	13,430		$	8,775		$	4,768
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	153		$	125		$	510		$	250		$	153		$	481
Cash paid for interest	$	(10,173	)	$	(4,380	)	$	(2,674	)	$	-		$	(3,129	)	$	(4,145	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	296,353		$	328,302		$	203,911		$	404,722		$	227,944		$	272,062
Acquisition of property	$	296,353		$	328,302		$	203,911		$	404,722		$	227,944		$	272,062
Mortgage payable for acquisition of property	$	36,286		$	257,515		$	149,929		$	15,771		$	161,325		$	151,530
Offering expenses and fees related to issuance of membership units	$	(26,286	)	$	(22,188	)	$	(15,631	)	$	(35,430	)	$	(16,782	)	$	(20,365	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-

F-316

ARRIVED HOMES, LLC

UNAUDITED CONSOLIDATED AND CONSOLIDATING STATEMENT OF CHANGES IN CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

	Westchester			Wildwood			Willow			Wilson			Windsor			Winston			Wisteria			Consolidated
Cash flows from operating activities:
Net income (loss)	$	(13,005	)	$	(8,053	)	$	(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		4,687			3,031			4,025			5,861			4,809			4,519			4,076			901,791
Amortization		46			49			-			-			50			-			38			11,947
Changes in assets and liabilities:
Prepaid expenses		(878	)		(600	)		(1,058	)		(1,126	)		(3,224	)		(1,204	)		(981	)		(290,607	)
Accrued expenses		4,749			2,568			8,569			11,275			9,907			7,805			3,098			1,175,118
Due from third party property managers		(9,403	)		(8,493	)		(4,767	)		(6,417	)		(20,729	)		(7,341	)		(1,765	)		(1,318,012	)
Due to (from) related party		10,633			11,545			9,480			7,966			5,242			4,875			5,005			2,975,613
Net cash provided by operating activities		(3,170	)		48			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		(5,069	)		(2,494	)		(6,116	)		(8,485	)		(4,957	)		(7,243	)		(2,554	)		(910,997	)
Net cash provided by (used in) financing activities		(5,069	)		(2,494	)		(7,316	)		(8,585	)		(4,957	)		(7,343	)		(2,654	)		(551,044	)
Net change in cash and cash equivalents		(8,239	)		(2,446	)		3,565			976			(3,342	)		(2,585	)		813			(292,696	)
Cash at beginning of period		20,902			8,765			965			18,254			19,324			20,935			15,575			2,322,195
Cash at end of period	$	12,663		$	6,319		$	4,530		$	19,230		$	15,982		$	18,351		$	16,388		$	2,029,499
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	172		$	423		$	153		$	153		$	144		$	98		$	60		$	42,994
Cash paid for interest	$	(5,055	)	$	(3,074	)	$	-		$	-		$	(5,311	)	$	-		$	(4,966	)	$	(628,272	)
Supplemental disclosure of non-cash investing and financing activities:
Advance from related party for acquisition of property	$	327,563		$	218,685		$	287,668		$	381,455		$	336,590		$	323,888		$	291,713		$	71,997,973
Acquisition of property	$	327,563		$	218,685		$	287,668		$	381,455		$	336,590		$	323,888		$	291,713		$	71,997,973
Mortgage payable for acquisition of property	$	211,106		$	114,854		$	1,251		$	16,785		$	246,822		$	9,097		$	212,802		$	32,931,465
Offering expenses and fees related to issuance of membership units	$	(21,491	)	$	(16,342	)	$	(25,515	)	$	(33,590	)	$	(20,300	)	$	(28,479	)	$	(20,097	)	$	(5,032,021	)
Deemed contribution from Manager	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	36,312

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

F-317

ARRIVED HOMES, LLC AND ITS SERIES

NOTES TO THE UNAUDITED CONSOLIDATED AND CONSOLIDATING FINANCIAL STATEMENTS

NOTE 1: NATURE OF OPERATIONS

Arrived Homes, LLC (“Arrived Homes”) is a Delaware Series limited liability company formed on July 13, 2020 under the laws of Delaware. Arrived Homes, LLC was formed to permit public investment in individual single family rental homes, each of which will be held by a separate property-owning subsidiary owned by a separate Series of limited liability interests, or “Series,” that Arrived Holdings, Inc. (the “Manager”) established. 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.

The following list represents each Arrived Homes, LLC’s Series and each Series’ wholly-owned limited liability company (“LLC”), which was used to acquire the Series’ single family rental property, along with the date the Series was formed and the date that the Series’ LLC acquired the single family rental as of June 30, 2024.

SERIES OFFERING TABLE

Series Name	State LLC Name and wholly owned subsidiary of the Series	Date Formed	Acquisition Date
Arrived Homes Series 100	Arrived TN 100, LLC	4/11/2022	4/29/2022
Arrived Homes Series 101	Arrived TN 101, LLC	5/10/2022	5/31/2022
Arrived Homes Series Abbington	Arrived TN Abbington, LLC	5/4/2022	5/12/2022
Arrived Homes Series Abernant	Arrived Homes Series Abernant, a series of Arrived Homes, LLC	7/24/2023	8/16/2023
Arrived Homes Series Alvin	Arrived TN Alvin, LLC	7/25/2023	8/30/2023
Arrived Homes Series Amber	Arrived NC Amber, LLC	9/3/2021	9/30/2021
Arrived Homes Series Apollo	Arrived Homes Series Apollo, a series of Arrived Homes, LLC	5/3/2022	5/6/2022
Arrived Homes Series Aster	Arrived AR Aster, LLC	6/15/2022	7/11/2022
Arrived Homes Series Augusta	Arrived GA Augusta, LLC	5/10/2023	5/25/2023
Arrived Homes Series Avebury	Arrived AL Avebury, LLC	2/4/2022	2/23/2022
Arrived Homes Series Avondale	Arrived GA Avondale, LLC	5/3/2023	5/23/2023
Arrived Homes Series Badminton	Arrived SC Badminton, LLC	5/21/2021	6/18/2021
Arrived Homes Series Ballinger	Arrived TN Ballinger, LLC	7/25/2023	11/15/2023
Arrived Homes Series Bandelier	Arrived AZ Bandelier, LLC	9/16/2021	10/27/2021
Arrived Homes Series Baron	Arrived CO Baron, LLC	4/29/2022	5/10/2022
Arrived Homes Series Basil	Arrived SC Basil, LLC	6/1/2021	6/25/2021
Arrived Homes Series Bayside	Arrived SC Bayside, LLC	6/15/2021	7/16/2021
Arrived Homes Series Bazzel	Arrived SC Bazzel, LLC	5/12/2022	6/10/2022
Arrived Homes Series Bedford	Arrived SC Bedford, LLC	12/28/2021	2/28/2022
Arrived Homes Series Bella	Arrived VA Bella, LLC	5/15/2023	6/7/2023

F-318

Series Name	State LLC Name and wholly owned subsidiary of the Series	Date Formed	Acquisition Date
Arrived Homes Series Belle	Arrived Homes Series Belle, a series of Arrived Homes, LLC	5/31/2022	6/10/2022
Arrived Homes Series Belvedere	Arrived GA Belvedere, LLC	5/4/2023	5/16/2023
Arrived Homes Series Bergenia	Arrived Homes Series Bergenia, a series of Arrived Homes, LLC	7/5/2023	7/12/2023
Arrived Homes Series Blossom	Arrived AR Blossom, LLC	6/15/2022	7/25/2022
Arrived Homes Series Bonneau	Arrived SC Bonneau, LLC	6/6/2022	7/21/2022
Arrived Homes Series Brainerd	Arrived TN Brainerd, LLC	10/27/2022	11/9/2022
Arrived Homes Series Braxton	Arrived KY Braxton, LLC	6/17/2022	7/8/2022
Arrived Homes Series Brennan	Arrived AL Brennan, LLC	4/14/2022	4/25/2022
Arrived Homes Series Briarwood	Arrived AR Briarwood, LLC	7/5/2023	8/10/2023
Arrived Homes Series Brooklyn	Arrived Homes Series Brooklyn, a series of Arrived Homes, LLC	10/27/2022	11/15/2022
Arrived Homes Series Burlington	Arrived CO Burlington, LLC	5/3/2022	5/12/2022
Arrived Homes Series Butter	Arrived SC Butter, LLC	9/1/2021	11/18/2021
Arrived Homes Series Calvin	Arrived VA Calvin, LLC	7/7/2023	7/27/2023
Arrived Homes Series Camino	Arrived Homes Series Camino, a series of Arrived Homes, LLC	6/22/2022	7/8/2022
Arrived Homes Series Cawley	Arrived GA Cawley, LLC	5/23/2023	6/7/2023
Arrived Homes Series Centennial	Arrived NC Centennial LLC	5/28/2021	6/4/2021
Arrived Homes Series Chaparral	Arrived AR Chaparral, LLC	1/4/2021	1/14/2021
Arrived Homes Series Chelsea	Arrived AL Chelsea, LLC	2/7/2022	2/24/2022
Arrived Homes Series Chester	Arrived TN Chester, LLC	6/22/2022	7/11/2022
Arrived Homes Series Chickamauga	Arrived TN Chickamauga, LLC	10/27/2022	11/14/2022
Arrived Homes Series Chinook	Arrived GA Chinook, LLC	5/23/2023	6/7/2023
Arrived Homes Series Chitwood	Arrived OH Chitwood, LLC	5/26/2022	6/9/2022
Arrived Homes Series Clover	Arrived Homes Series Clover, a series of Arrived Homes, LLC	5/24/2022	6/6/2022
Arrived Homes Series Coatbridge	Arrived SC Coatbridge, LLC	6/15/2021	7/1/2021
Arrived Homes Series Collier	Arrived TN Collier, LLC	5/31/2022	6/17/2022
Arrived Homes Series Collinston	Arrived NC Collinston, LLC	8/11/2021	9/17/2021
Arrived Homes Series Conway	Arrived TN Conway, LLC	5/31/2022	7/14/2022
Arrived Homes Series Cove	Arrived Homes Series Cove, a series of Arrived Homes, LLC	12/8/2022	3/23/2023
Arrived Homes Series Creekside	Arrived AR Creekside, LLC	6/15/2022	6/22/2022
Arrived Homes Series Creekwood	Arrived Homes Series Creekwood, a series of Arrived Homes, LLC	6/22/2022	7/11/2022

F-319

Series Name	State LLC Name and wholly owned subsidiary of the Series	Date Formed	Acquisition Date
Arrived Homes Series Cumberland	Arrived TN Cumberland, LLC	6/7/2022	7/6/2022
Arrived Homes Series Cupcake	Arrived AR Cupcake LLC	5/23/2021	9/24/2021
Arrived Homes Series Cypress	Arrived GA Cypress, LLC	6/22/2022	7/15/2022
Arrived Homes Series Daisy	Arrived AR Daisy, LLC	6/15/2022	6/20/2022
Arrived Homes Series Davidson	Arrived NC Davidson LLC	7/22/2021	10/1/2021
Arrived Homes Series Dawson	Arrived SC Dawson, LLC	6/15/2021	7/6/2021
Arrived Homes Series Delta	Arrived GA Delta, LLC	12/29/2021	1/26/2022
Arrived Homes Series Dewberry	Arrived SC Dewberry, LLC	5/21/2021	6/29/2021
Arrived Homes Series Diablo	Arrived AZ Diablo, LLC	11/29/2021	12/27/2021
Arrived Homes Series Dogwood	Arrived Homes Series Dogwood, a series of Arrived Homes, LLC	5/31/2022	6/6/2022
Arrived Homes Series Dolittle	Arrived SC Dolittle, LLC	9/1/2021	11/10/2021
Arrived Homes Series Dolly	Arrived TN Dolly, LLC	6/13/2022	6/24/2022
Arrived Homes Series Dops	Arrived Homes Series Dops, a Series of Arrived Homes, LLC	11/29/2022	12/15/2022
Arrived Homes Series Dorchester	Arrived SC Dorchester, LLC	5/31/2022	6/10/2022
Arrived Homes Series Dunbar	Arrived TN Dunbar, LLC	5/19/2022	5/31/2022
Arrived Homes Series Eagle	Arrived AR Eagle, LLC	6/24/2022	8/5/2022
Arrived Homes Series Eastfair	Arrived SC Eastfair, LLC	5/21/2021	6/9/2021
Arrived Homes Series Eastwood	Arrived TN Eastwood, LLC	7/25/2023	8/30/2023
Arrived Homes Series Elevation	Arrived SC Elevation, LLC	7/7/2021	7/21/2021
Arrived Homes Series Ella	Arrived TN Ella, LLC	1/10/2023	1/31/2023
Arrived Homes Series Ellen	Arrived IN Ellen, LLC	5/24/2023	7/12/2023
Arrived Homes Series Elm	Arrived SC Elm, LLC	6/15/2021	8/16/2021
Arrived Homes Series Emporia	Arrived GA Emporia, LLC	1/7/2022	1/27/2022
Arrived Homes Series Ensenada	Arrived CO Ensenada, LLC	9/28/2021	10/15/2021
Arrived Homes Series Falcon	Arrived AR Falcon, LLC	6/24/2022	9/9/2022
Arrived Homes Series Felix	Arrived NC Felix, LLC	5/24/2023	6/7/2023
Arrived Homes Series Fenwick	Arrived GA Fenwick, LLC	5/8/2023	5/31/2023
Arrived Homes Series Fletcher	Arrived AR Fletcher, LLC	7/5/2023	7/26/2023
Arrived Homes Series Folly	Arrived SC Folly, LLC	5/31/2022	6/8/2022
Arrived Homes Series Forest	Arrived SC Forest, LLC	6/28/2021	7/26/2021
Arrived Homes Series Foster	Arrived OH Foster, LLC	5/19/2023	5/31/2023
Arrived Homes Series Franklin	Arrived IN Franklin, LLC	5/24/2023	6/14/2023
Arrived Homes Series Gardens	Arrived Homes Series Gardens, a series of Arrived Homes, LLC	3/17/2022	3/23/2022
Arrived Homes Series General	Arrived VA General, LLC	5/25/2023	6/7/2023

F-320

Series Name	State LLC Name and wholly owned subsidiary of the Series	Date Formed	Acquisition Date
Arrived Homes Series Goose	Arrived AR Goose, LLC	6/24/2022	8/5/2022
Arrived Homes Series Grant	Arrived GA Grant, LLC	10/1/2021	10/29/2021
Arrived Homes Series Greenhill	Arrived SC Greenhill, LLC	11/17/2021	1/11/2022
Arrived Homes Series Gretal	Arrived TN Gretal, LLC	7/20/2022	9/29/2022
Arrived Homes Series Grove	Arrived Homes Series Grove, a series of Arrived Homes, LLC	4/20/2022	3/29/2022
Arrived Homes Series Hadden	Arrived SC Hadden, LLC	12/29/2021	1/31/2022
Arrived Homes Series Hansard	Arrived TN Hansard, LLC	12/9/2022	12/28/2022
Arrived Homes Series Hansel	Arrived TN Hansel, LLC	7/20/2022	8/26/2022
Arrived Homes Series Hargrave	Arrived VA Hargrave, LLC	7/7/2023	7/27/2023
Arrived Homes Series Harrison	Arrived TN Harrison, LLC	6/22/2022	7/8/2022
Arrived Homes Series Henry	Arrived GA Henry, LLC	6/6/2022	6/16/2022
Arrived Homes Series Heritage	Arrived Homes Series Heritage, a series of Arrived Homes, LLC	4/12/2022	4/13/2022
Arrived Homes Series Heron	Arrived SC Heron, LLC	6/30/2022	4/22/2022
Arrived Homes Series Highland	Arrived SC Highland, LLC	6/14/2022	6/24/2022
Arrived Homes Series Hines	Arrived TN Hines, LLC	5/18/2022	5/27/2022
Arrived Homes Series Hobbes	Arrived VA Hobbes, LLC	7/7/2023	7/27/2023
Arrived Homes Series Holcomb	Arrived Homes Series Holcomb, a series of Arrived Homes, LLC	5/3/2022	5/27/2022
Arrived Homes Series Holland	Arrived NC Holland LLC	7/22/2021	9/29/2021
Arrived Homes Series Hollandaise	Arrived TN Hollandaise, LLC	1/20/2022	2/3/2022
Arrived Homes Series Holloway	Arrived SC Holloway, LLC	5/21/2021	6/16/2021
Arrived Homes Series Inglewood	Arrived TN Inglewood, LLC	6/22/2022	7/12/2022
Arrived Homes Series Irene	Arrived AR Irene, LLC	7/5/2023	7/26/2023
Arrived Homes Series Jack	Arrived TN Jack, LLC	4/26/2022	3/22/2022
Arrived Homes Series Jake	Arrived CO Jake, LLC	5/10/2022	5/24/2022
Arrived Homes Series Jefferson	Arrived TN Jefferson, LLC	12/9/2022	12/28/2022
Arrived Homes Series Jill	Arrived TN Jill, LLC	5/12/2022	7/27/2022
Arrived Homes Series Johnny	Arrived TN Johnny, LLC	5/10/2022	6/15/2022
Arrived Homes Series June	Arrived TN June, LLC	5/10/2022	6/15/2022
Arrived Homes Series Jupiter	Arrived NC Jupiter LLC	7/21/2021	9/14/2021
Arrived Homes Series Kawana	Arrived AL Kawana, LLC	1/20/2022	2/11/2022
Arrived Homes Series Kennesaw	Arrived Homes Series Kennesaw, a series of Arrived Homes, LLC	5/18/2022	6/9/2022
Arrived Homes Series Kenny	Arrived TN Kenny, LLC	6/21/2022	6/24/2022
Arrived Homes Series KerriAnn	Arrived NC KerriAnn, LLC	10/4/2021	10/28/2021

F-321

Series Name	State LLC Name and wholly owned subsidiary of the Series	Date Formed	Acquisition Date
Arrived Homes Series Kessler	Arrived AR Kessler, LLC	6/15/2022	6/22/2022
Arrived Homes Series Kingsley	Arrived SC Kingsley, LLC	5/21/2021	6/1/2021
Arrived Homes Series Kirkwood	Arrived TN Kirkwood, LLC	4/10/2022	4/22/2022
Arrived Homes Series Korin	Arrived AR Korin, LLC	11/8/2022	11/29/2022
Arrived Homes Series Lallie	Arrived SC Lallie, LLC	6/1/2021	6/18/2021
Arrived Homes Series Lanier	Arrived Homes Series Lanier, a series of Arrived Homes, LLC	4/12/2022	4/8/2022
Arrived Homes Series Lannister	Arrived Homes Series Lannister, a series of Arrived Homes, LLC	5/3/2022	5/19/2022
Arrived Homes Series Latte	Arrived Homes Series Latte, a series of Arrived Homes, LLC	5/18/2022	6/1/2022
Arrived Homes Series Lennox	Arrived SC Lennox, LLC	6/15/2021	7/1/2021
Arrived Homes Series Lierly	Arrived AR Lierly, LLC	12/15/2020	1/21/2021
Arrived Homes Series Lily	Arrived CO Lily, LLC	9/2/2021	10/1/2021
Arrived Homes Series Limestone	Arrived SC Limestone LLC	7/21/2021	9/23/2021
Arrived Homes Series Litton	Arrived TN Litton, LLC	10/27/2022	11/14/2022
Arrived Homes Series Longwoods	Arrived GA Longwoods, LLC	5/5/2023	5/24/2023
Arrived Homes Series Lookout	Arrived TN Lookout, LLC	5/19/2022	5/31/2022
Arrived Homes Series Loretta	Arrived TN Loretta, LLC	5/31/2022	7/15/2022
Arrived Homes Series Louis	Arrived MO Louis, LLC	5/8/2023	5/10/2023
Arrived Homes Series Louise	Arrived Homes Series Louise, a series of Arrived Homes, LLC	3/8/2022	3/17/2022
Arrived Homes Series Lovejoy	Arrived GA Lovejoy, LLC	1/7/2022	2/3/2022
Arrived Homes Series Luna	Arrived SC Luna, LLC	5/21/2021	6/14/2021
Arrived Homes Series Lurleen	Arrived Homes Series Lurleen, a series of Arrived Homes, LLC	10/27/2022	12/5/2022
Arrived Homes Series Madison	Arrived Homes Series Madison, a series of Arrived Homes, LLC	12/29/2022	5/6/2022
Arrived Homes Series Mae	Arrived SC Mae, LLC	6/6/2022	6/22/2022
Arrived Homes Series Magnolia	Arrived GA Magnolia, LLC	4/12/2022	4/26/2022
Arrived Homes Series Malbec	Arrived AR Malbec, LLC	4/26/2021	5/13/2021
Arrived Homes Series Mammoth	Arrived Homes Series Mammoth, a series of Arrived Homes, LLC	4/12/2022	3/31/2022
Arrived Homes Series Marcelo	Arrived KY Marcelo, LLC	6/17/2022	7/29/2022
Arrived Homes Series Marie	Arrived TN Marie, LLC	12/9/2022	12/28/2022
Arrived Homes Series Marietta	Arrived SC Marietta, LLC	6/28/2022	6/30/2022
Arrived Homes Series Marion	Arrived GA Marion, LLC	4/21/2023	5/25/2023
Arrived Homes Series Marple	Arrived AR Marple, LLC	5/5/2023	5/31/2023
Arrived Homes Series Martell	Arrived GA Martell, LLC	4/27/2023	5/17/2023

F-322

Series Name	State LLC Name and wholly owned subsidiary of the Series	Date Formed	Acquisition Date
Arrived Homes Series Mary	Arrived TN Mary, LLC	3/1/2023	5/31/2023
Arrived Homes Series Matchingham	Arrived SC Matchingham, LLC	8/10/2021	10/22/2021
Arrived Homes Series McGregor	Arrived TN McGregor, LLC	4/10/2022	4/14/2022
Arrived Homes Series McLovin	Arrived CO McLovin, LLC	11/12/2021	12/3/2021
Arrived Homes Series Meadow	Arrived NC Meadow, LLC	8/27/2021	9/28/2021
Arrived Homes Series Mimosa	Arrived Homes Series Mimosa, a series of Arrived Homes, LLC	9/2/2022	9/23/2022
Arrived Homes Series Mojave	Arrived AR Mojave LLC	5/23/2021	9/24/2021
Arrived Homes Series Murphy	Arrived SC Murphy, LLC	9/1/2021	11/10/2021
Arrived Homes Series Mycroft	Arrived AR Mycroft, LLC	4/27/2023	5/31/2023
Arrived Homes Series Nugget	Arrived CO Nugget, LLC	4/29/2022	5/20/2022
Arrived Homes Series Odessa	Arrived CO Odessa, LLC	9/2/2021	9/30/2021
Arrived Homes Series Olive	Arrived SC Olive, LLC	6/15/2021	7/27/2021
Arrived Homes Series Oly	Arrived CO Oly, LLC	11/12/2021	11/30/2021
Arrived Homes Series Onyx	Arrived TN Onyx, LLC	5/22/2023	5/31/2023
Arrived Homes Series Oscar	Arrived NC Oscar, LLC	5/24/2023	6/28/2023
Arrived Homes Series Osceola	Arrived FL Osceola, LLC	5/4/2023	5/23/2023
Arrived Homes Series Osprey	Arrived SC Osprey, LLC	4/29/2022	6/3/2022
Arrived Homes Series Otoro	Arrived GA Otoro, LLC	2/2/2022	3/21/2022
Arrived Homes Series Palmer	Arrived GA Palmer, LLC	5/23/2023	6/7/2023
Arrived Homes Series Patrick	Arrived AR Patrick, LLC	1/4/2021	2/1/2021
Arrived Homes Series Peanut	Arrived Homes Series Peanut, a series of Arrived Homes, LLC	3/8/2022	3/22/2022
Arrived Homes Series Pearl	Arrived TN Pearl, LLC	5/2/2022	5/13/2022
Arrived Homes Series Pecan	Arrived AR Pecan, LLC	1/4/2021	2/1/2021
Arrived Homes Series Peterson	Arrived Homes Series Peterson, a series of Arrived Homes, LLC	7/24/2023	8/3/2023
Arrived Homes Series Piedmont	Arrived GA Piedmont, LLC	6/22/2022	6/29/2022
Arrived Homes Series Pinot	Arrived AR Pinot, LLC	4/26/2021	5/13/2021
Arrived Homes Series Pioneer	Arrived CO Pioneer, LLC	5/16/2022	6/7/2022
Arrived Homes Series Plumtree	Arrived AR Plumtree, LLC	12/15/2020	1/4/2021
Arrived Homes Series Point	Arrived TN Point, LLC	4/26/2022	4/5/2022
Arrived Homes Series Porthos	Arrived GA Porthos, LLC	5/8/2023	6/14/2023
Arrived Homes Series Quincy	Arrived CO Quincy, LLC	6/6/2022	6/28/2022
Arrived Homes Series Redondo	Arrived NM Redondo, LLC	9/22/2022	10/31/2022
Arrived Homes Series Regency	Arrived OH Regency, LLC	12/1/2022	12/21/2022
Arrived Homes Series Reginald	Arrived GA Reginald, LLC	6/22/2022	7/5/2022
Arrived Homes Series Reynolds	Arrived Homes Series Reynolds, a series of Arrived Homes, LLC	5/18/2022	6/2/2022

F-323

Series Name	State LLC Name and wholly owned subsidiary of the Series	Date Formed	Acquisition Date
Arrived Homes Series Ribbonwalk	Arrived NC Ribbonwalk, LLC	9/30/2021	10/28/2021
Arrived Homes Series Richardson	Arrived AR Richardson, LLC	6/23/2022	7/8/2022
Arrived Homes Series Richmond	Arrived VA Richmond, LLC	7/20/2023	8/2/2023
Arrived Homes Series Ridge	Arrived SC Ridge, LLC	6/15/2021	7/9/2021
Arrived Homes Series Ritter	Arrived CO Ritter, LLC	5/11/2022	5/27/2022
Arrived Homes Series River	Arrived SC River, LLC	6/15/2021	7/30/2021
Arrived Homes Series Riverwalk	Arrived TN Riverwalk, LLC	5/27/2022	6/13/2022
Arrived Homes Series Rooney	Arrived AZ Rooney, LLC	9/13/2021	10/13/2021
Arrived Homes Series Roseberry	Arrived SC Roseberry, LLC	6/15/2021	8/2/2021
Arrived Homes Series Rosewood	Arrived Homes Series Rosewood, a series of Arrived Homes, LLC	4/20/2022	4/18/2022
Arrived Homes Series Roxy	Arrived TN Roxy, LLC	4/26/2022	4/7/2022
Arrived Homes Series Saddlebred	Arrived CO Saddlebred, LLC	9/16/2021	10/1/2021
Arrived Homes Series Saint	Arrived AZ Saint, LLC	9/27/2021	1/13/2022
Arrived Homes Series Sajni	Arrived GA Sajni, LLC	12/15/2022	1/24/2023
Arrived Homes Series Salem	Arrived AR Salem, LLC	4/26/2021	5/13/2021
Arrived Homes Series Salinas	Arrived NM Salinas, LLC	12/9/2022	1/13/2023
Arrived Homes Series Saturn	Arrived NC Saturn, LLC	8/11/2021	8/31/2021
Arrived Homes Series Scepter	Arrived AZ Scepter, LLC	9/20/2021	10/13/2021
Arrived Homes Series Sequoyah	Arrived AR Sequoyah, LLC	10/27/2022	11/9/2022
Arrived Homes Series Shallowford	Arrived TN Shallowford, LLC	6/22/2022	7/12/2022
Arrived Homes Series Shoreline	Arrived SC Shoreline, LLC	5/21/2021	6/18/2021
Arrived Homes Series Sigma	Arrived NC Sigma, LLC	11/24/2021	12/17/2021
Arrived Homes Series Simon	Arrived TN Simon, LLC	6/1/2023	6/14/2023
Arrived Homes Series Sims	Arrived GA Sims, LLC	5/17/2023	5/31/2023
Arrived Homes Series Soapstone	Arrived AR Soapstone, LLC	12/15/2020	10/11/2019
Arrived Homes Series Sodalis	Arrived IN Sodalis, LLC	6/7/2022	6/27/2022
Arrived Homes Series Spencer	Arrived SC Spencer, LLC	6/1/2021	6/22/2021
Arrived Homes Series Splash	Arrived AR Splash, LLC	4/26/2021	5/3/2021
Arrived Homes Series Spring	Arrived SC Spring, LLC	5/23/2022	6/30/2022
Arrived Homes Series Stonebriar	Arrived Homes Series Stonebriar, a series of Arrived Homes, LLC	4/20/2022	4/18/2022
Arrived Homes Series Sugar	Arrived SC Sugar, LLC	6/15/2021	7/7/2021
Arrived Homes Series Summerset	Arrived SC Summerset, LLC	6/1/2021	6/21/2021
Arrived Homes Series Sundance	Arrived NM Sundance, LLC	9/26/2022	10/14/2022
Arrived Homes Series Sunnyside	Arrived Homes Series Sunnyside, a series of Arrived Homes, LLC	11/16/2022	12/20/2022
Arrived Homes Series Swift	Arrived GA Swift, LLC	4/13/2022	4/20/2022
Arrived Homes Series Taylor	Arrived Homes Series Taylor, a series of Arrived Homes, LLC	6/14/2022	6/29/2022
Arrived Homes Series Terracotta	Arrived AZ Terracotta, LLC	1/20/2022	2/4/2022

F-324

Series Name	State LLC Name and wholly owned subsidiary of the Series	Date Formed	Acquisition Date
Arrived Homes Series Theodore	Arrived TN Theodore, LLC	6/1/2023	6/14/2023
Arrived Homes Series Tulip	Arrived Homes Series Tulip, a series of Arrived Homes, LLC	3/8/2022	3/25/2022
Arrived Homes Series Tuscan	Arrived AR Tuscan, LLC	4/26/2021	5/13/2021
Arrived Homes Series Tuscarora	Arrived NM Tuscarora, LLC	9/26/2022	12/22/2022
Arrived Homes Series Tuxford	Arrived SC Tuxford, LLC	1/20/2022	2/9/2022
Arrived Homes Series Vernon	Arrived SC Vernon, LLC	8/10/2021	11/24/2021
Arrived Homes Series Walton	Arrived AR Walton, LLC	6/8/2022	6/24/2022
Arrived Homes Series Wave	Arrived GA Wave, LLC	12/29/2021	2/11/2022
Arrived Homes Series Weldon	Arrived NC Weldon LLC	7/23/2021	9/17/2021
Arrived Homes Series Wellington	Arrived GA Wellington, LLC	6/16/2022	7/7/2022
Arrived Homes Series Wentworth	Arrived AR Wentworth, LLC	4/26/2021	9/24/2021
Arrived Homes Series Wescott	Arrived TN Wescott, LLC	4/18/2022	5/12/2022
Arrived Homes Series Westchester	Arrived SC Westchester, LLC	6/28/2021	7/15/2021
Arrived Homes Series Wildwood	Arrived TN Wildwood, LLC	4/13/2022	4/25/2022
Arrived Homes Series Willow	Arrived AR Willow, LLC	6/15/2022	7/13/2022
Arrived Homes Series Wilson	Arrived AR Wilson, LLC	6/15/2022	7/1/2022
Arrived Homes Series Winchester	Arrived Homes Series Winchester, a series of Arrived Homes, LLC	7/5/2023	7/14/2023
Arrived Homes Series Windsor	Arrived SC Windsor, LLC	6/15/2021	7/22/2021
Arrived Homes Series Winston	Arrived Homes Series Winston, a series of Arrived Homes, LLC	6/22/2022	7/8/2022
Arrived Homes Series Wisteria	Arrived Homes Series Wisteria, a series of Arrived Homes, LLC	3/8/2022	3/29/2022

F-325

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accounting and reporting policies of the Series conform to accounting principles generally accepted in the United States of America (GAAP). 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.

In the opinion of management, all adjustments necessary in order to make the financial statements not misleading have been included.

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.

F-326

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.

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 of the Company’s financial instruments, such as cash and other current liabilities approximate fair values due to the short-term nature of these instruments. The estimated fair value of the Company’s long-term debt approximates the carrying value due to the interest rates on this debt approximating current market interest rates.

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 capital contributions to such Series. 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.

F-327

Property Management Fee

The company will appoint an affiliate of the manager or a third-party property management company to serve as property manager to manage the property of each series pursuant to a property management agreement. The fee arrangements for each property management company are set forth below:

Blue Canopy Realty

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

Streetlane (formerly 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. As of October 2023, all properties formerly managed by Great Jones are now managed by Streetlane as a result of a merger between Streetlane and Great Jones. All property management agreements between the relevant series and Great Jones remain in full force and effect.

Mynd Property Management

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.

The property manager for each Series is specified in the latest Offering Circular under "The Series Properties Being Offered.”

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 to seven percent 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.

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. This encompasses deposits administered by property management entities and liabilities associated with tenant deposits.

F-328

Due From (To) Third-party Property Managers

Due from (to) third-party property managers are uncollateralized obligations due under normal trade terms generally requiring payment within 30 days from the approved prior month financial statements. Due from (to) property managers are presented net of receipts and expenses for the reported month. The Company uses a loss-rate approach based on historical loss information, adjusted for management’s expectations about current and future economic conditions, as the basis to determine expected cash receipts and distributions. Management exercises significant judgment in determining expected credit losses. Key inputs include macroeconomic factors, industry trends, and the creditworthiness of counterparties. Management believes that the composition of receivables at year-end is consistent with historical conditions as credit terms and practices and the property managers have not changed significantly.

The Company and Series determined it was not necessary to record an allowance for credit losses as of June 30, 2024.

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.

Impairment of Long-Lived Assets

The Company and 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 period ended June 30, 2024.

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 and its affiliates 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. 

F-329

Revenue Recognition

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

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

The Company follows FASB ASC 740 when accounting for income taxes, which requires an asset and liability approach to financial accounting and reporting for income taxes.  Deferred income tax assets and liabilities are computed annually for temporary differences between the financial statements and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income.  Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.  Income tax expense is the tax payable or refundable for the period plus or minus the change during the period in deferred tax assets and liabilities. 

Each Arrived Homes series is organized as an LLC for legal purposes and makes a subsequent election with the IRS to be treated as a C corporation for tax purposes, pursuant to subchapter C or the Internal Revenue Code.

Furthermore, each series complies with the requirements to be a Real Estate Investment Trust (“REIT”), a special type of C corporation that files tax form 1120-REIT.  A REIT may not be required to pay income tax at the corporate level because this form of corporation is permitted to deduct dividends paid to members’ as an expense.  Therefore, if a REIT paid out all profit and capital gains to its members it could potentially report no taxable income.  Tax losses of REITs are not allocated directly to members but, under current law, losses may be accumulated and carried forward indefinitely and be used to offset up to 80% of taxable income in any future year, thereby reducing the reported taxable income of the REIT.

Most states give REIT’s a deduction for dividends paid.  Since our series generally pay dividends in excess of the taxable income generated, there would be no state tax liability in these states.  In states that do not give a deduction for dividends paid, there may be a state income tax due that is assessed based on the tax table for that particular state.    There is no state tax liability for members based on the locations of properties held in the REIT’s.  The rules for state tax loss carryforwards vary by state as some conform to the Federal rules while others have restrictions on timeframes and/or the percentage of loss that can be carried forward.

F-330

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 Company and Series adopted this standard upon inception 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 adopted this standard upon inception and it did not have a material impact on their consolidated and consolidating financial statements.

In June 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-13, Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments, as modified by FASB ASU No. 2019-10 and other subsequently issued related ASUs. The amendments in this Update affect loans, debt securities, trade receivables, and any other financial assets that have the contractual right to receive cash. The ASU requires an entity to recognize expected credit losses rather than incurred losses for financial assets. The amendments in this Update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company and Series adopted this new guidance upon inception utilizing the modified retrospective transition method. The adoption of this standard did not have a material impact on the Company’s and Series’ consolidated and consolidating financial statements, but did change how the allowance for credit losses is determined.

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 will adopt those that are applicable under the circumstances.

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 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 to continue as a going concern for a reasonable period of time. The Company’s ability to continue as a going concern in the next twelve months from the filing of this Semi-Annual Report 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 assurances that the Company 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 be unable to continue as a going concern.

F-331

NOTE 4: PROPERTY AND EQUIPMENT

Property and equipment, net consists of the following:

June 30, 2024
Series	Building		Land		Property Improvements		Total		Less:   Accumulated Depreciation		Property and equipment, net
100	$	464,472	$	154,824	$	-	$	619,296	$	35,187	$	584,108
101		479,535		159,845		-		639,380		34,876		604,504
Abbington		361,773		120,591		6,695		489,059		27,650		461,409
Abernant		171,814		57,271		-		229,086		4,686		224,400
Alvin		240,221		80,074		-		320,294		6,551		313,743
Amber		231,434		76,250		-		307,684		23,143		284,541
Apollo		148,028		49,343		-		197,371		10,766		186,606
Aster		192,736		64,093		-		256,829		12,849		243,980
Augusta		224,136		74,712		-		298,848		8,150		290,698
Avebury		219,734		73,245		-		292,978		17,978		275,000
Avondale		248,780		82,927		-		331,707		9,047		322,660
Badminton		192,775		63,750		7,254		263,779		21,997		241,781
Ballinger		225,915		75,305		-		301,220		4,108		297,113
Bandelier		227,358		122,465		-		349,823		22,047		327,776
Baron		440,147		142,573		-		582,719		32,011		550,708
Basil		153,138		50,625		-		203,763		16,706		187,057
Bayside		193,863		63,750		-		257,613		20,561		237,051
Bazzel		187,453		62,484		19,530		269,468		14,544		254,923
Bedford		211,603		70,534		-		282,138		16,672		265,466
Bella		231,329		77,110		-		308,439		7,711		300,728
Belle		332,313		110,771		-		443,084		23,161		419,923
Belvedere		222,829		74,276		-		297,105		8,103		289,002
Bergenia		164,244		54,748		-		218,993		4,977		214,015
Blossom		192,230		64,077		-		256,307		12,815		243,491
Bonneau		253,239		84,413		5,330		342,982		18,748		324,234
Brainerd		219,905		72,500		-		292,405		11,995		280,410
Braxton		244,842		80,875		-		325,717		16,323		309,394
Brennan		171,314		57,105		-		228,419		12,978		215,440
Briarwood		157,646		52,549		-		210,195		4,299		205,895
Brooklyn		125,094		41,500		6,328		172,922		8,616		164,306
Burlington		490,374		163,458		-		653,831		35,664		618,168
Butter		286,835		93,724		-		380,558		26,813		353,746
Calvin		178,500		59,500		-		238,000		5,409		232,591
Camino		200,434		66,811		-		267,245		13,970		253,275
Cawley		237,152		79,051		-		316,203		7,905		308,298
Centennial		215,425		71,250		-		286,675		23,502		263,173
Chaparral		148,009		49,491		-		197,500		18,687		178,813
Chelsea		232,861		77,620		-		310,481		19,052		291,429
Chester		280,215		93,000		-		373,215		18,681		354,534
Chickamauga		282,098		93,075		-		375,173		15,387		359,786
Chinook		230,186		76,729		7,665		314,580		9,078		305,502
Chitwood		289,031		96,344		-		385,375		20,145		365,230
Clover		249,340		83,113		-		332,453		16,853		315,600
Coatbridge		205,145		67,500		7,962		280,607		23,085		257,522
Collier		268,326		89,442		-		357,769		18,702		339,067
Collinston		159,806		52,500		-		212,306		15,981		196,326
Conway		519,077		171,250		-		690,327		34,605		655,722
Cove		158,950		52,983		-		211,933		6,743		205,190
Creekside		234,815		78,472		-		313,287		16,366		296,921
Creekwood		218,448		72,375		-		290,823		14,563		276,260
Cumberland		223,247		74,416		-		297,662		14,883		282,779
Cupcake		166,444		54,639		8,000		229,083		17,828		211,254
Cypress		275,692		91,250		-		366,942		17,544		349,399
Daisy		227,590		75,863		-		303,453		15,862		287,591
Davidson		160,008		52,500		-		212,508		15,516		196,992
Dawson		171,298		56,250		5,028		232,575		20,095		212,480
Delta		257,741		85,914		8,400		352,054		22,149		329,905
Dewberry		143,700		47,500		-		191,200		15,676		175,524
Diablo		195,243		103,950		-		299,193		17,853		281,340
Dogwood		182,125		60,000		-		242,125		12,693		229,432

F-332

June 30, 2024

Series	Building		Land		Property Improvements		Total		Less:   Accumulated Depreciation		Property and equipment, net
Dolittle		232,183		76,093		-		308,276		21,811		286,465
Dolly		521,147		173,682		-		694,829		36,322		658,507
Dops		154,480		51,250		-		205,730		7,958		197,772
Dorchester		259,980		86,660		-		346,640		18,120		328,520
Dunbar		243,644		81,215		13,811		338,670		19,791		318,879
Eagle		203,903		67,968		7,150		279,021		13,929		265,092
Eastfair		162,575		53,750		-		216,325		17,735		198,590
Eastwood		240,809		80,270		-		321,079		6,568		314,512
Elevation		201,118		65,837		13,996		280,951		23,430		257,521
Ella		197,272		65,757		-		263,030		9,565		253,465
Ellen		187,200		62,400		-		249,600		5,673		243,927
Elm		125,176		41,250		-		166,426		13,033		153,393
Emporia		265,811		88,604		-		354,415		22,554		331,861
Ensenada		365,214		196,000		-		561,214		35,553		525,661
Falcon		204,606		67,500		7,000		279,106		13,334		265,772
Felix		187,146		62,382		6,979		256,507		7,285		249,222
Fenwick		226,605		75,535		-		302,140		8,240		293,900
Fletcher		132,652		44,217		-		176,869		4,020		172,849
Folly		235,178		78,393		8,504		322,074		19,084		302,990
Forest		265,264		87,500		12,474		365,238		30,185		335,052
Foster		236,883		78,961		-		315,843		8,614		307,230
Franklin		225,740		75,247		5,186		306,173		8,475		297,697
Gardens		166,712		55,571		5,548		227,830		13,690		214,141
General		238,814		79,605		-		318,419		7,960		310,459
Goose		189,997		63,332		6,700		260,029		12,984		247,045
Grant		244,818		129,500		-		374,318		23,740		350,578
Greenhill		246,644		82,215		-		328,858		20,927		307,931
Gretal		341,305		112,500		-		453,805		20,685		433,120
Grove		170,579		56,860		13,000		240,439		18,423		222,016
Hadden		166,460		55,487		-		221,947		14,124		207,823
Hansard		229,327		75,709		-		305,035		11,814		293,222
Hansel		305,996		101,999		-		407,994		19,472		388,522
Hargrave		176,640		58,880		-		235,520		5,353		230,167
Harrison		346,265		115,000		-		461,265		23,084		438,181
Henry		325,137		108,379		-		433,516		22,661		410,855
Heritage		220,017		73,339		5,056		298,412		18,690		279,722
Heron		216,890		72,297		5,305		294,492		18,553		275,939
Highland		216,811		72,270		-		289,081		15,111		273,970
Hines		193,050		64,350		8,950		266,350		15,830		250,520
Hobbes		176,871		58,957		-		235,828		5,360		230,468
Holcomb		268,238		89,413		-		357,651		19,508		338,142
Holland		160,008		52,500		-		212,508		16,001		196,507
Hollandaise		276,552		92,184		-		368,736		22,627		346,109
Holloway		256,950		85,000		-		341,950		28,031		313,919
Inglewood		514,831		169,750		-		684,581		34,322		650,259
Irene		132,652		44,217		-		176,869		4,020		172,849
Jack		313,439		104,480		6,782		424,700		26,767		397,933
Jake		445,114		148,371		-		593,485		32,372		561,113
Jefferson		207,755		68,441		-		276,196		10,703		265,493
Jill		302,035		101,838		-		403,872		20,136		383,737
Johnny		442,591		147,497		-		590,089		30,847		559,241
June		442,591		147,497		-		590,089		30,847		559,241
Jupiter		159,802		52,500		-		212,302		15,980		196,322
Kawana		208,216		69,405		-		277,621		17,036		260,585
Kennesaw		321,006		107,002		-		428,008		22,373		405,634
Kenny		521,147		173,682		-		694,829		36,322		658,507
KerriAnn		257,713		85,000		-		342,713		24,990		317,722
Kessler		195,429		65,143		5,526		266,098		15,739		250,359
Kingsley		238,075		78,750		-		316,825		25,741		291,084
Kirkwood		197,564		65,855		-		263,419		14,967		248,452

F-333

June 30, 2024

Series	Building		Land		Property Improvements		Total		Less:   Accumulated Depreciation		Property and equipment, net
Korin		210,256		69,716		-		279,972		11,469		268,503
Lallie		280,725		92,500		10,869		384,094		32,323		351,771
Lanier		285,656		95,219		5,121		385,996		22,409		363,587
Lannister		132,923		44,308		6,100		183,331		12,819		170,512
Latte		275,597		91,866		-		367,463		19,208		348,255
Lennox		163,783		53,750		-		217,533		17,371		200,162
Lierly		161,250		53,750		-		215,000		20,197		194,803
Lily		380,574		126,250		31,533		538,356		41,306		497,050
Limestone		221,258		72,500		-		293,758		22,126		271,632
Litton		242,715		80,000		-		322,715		13,239		309,476
Longwoods		203,601		67,867		-		271,468		7,404		264,064
Lookout		260,780		86,927		-		347,707		18,966		328,741
Loretta		518,678		171,250		-		689,928		34,579		655,350
Louis		203,538		67,846		-		271,384		7,401		263,982
Louise		208,392		69,464		-		277,856		16,419		261,437
Lovejoy		222,438		74,146		-		296,584		18,199		278,385
Luna		162,575		53,750		-		216,325		17,735		198,590
Lurleen		165,449		55,150		10,401		230,999		11,643		219,356
Madison		155,520		51,840		-		207,360		11,310		196,050
Mae		267,516		89,172		-		356,688		18,645		338,043
Magnolia		189,690		63,230		7,050		259,970		17,191		242,780
Malbec		241,344		80,225		-		321,568		27,522		294,046
Mammoth		257,706		85,902		-		343,608		20,304		323,304
Marcelo		215,116		71,705		-		286,822		14,341		272,481
Marie		241,848		79,625		-		321,473		12,459		309,014
Marietta		228,678		76,807		-		305,485		15,938		289,547
Marion		192,484		64,161		11,128		267,773		8,390		259,383
Marple		132,652		44,217		-		176,869		4,824		172,045
Martell		196,472		65,491		-		261,963		7,144		254,819
Mary		205,277		68,426		-		273,703		7,465		266,239
Matchingham		160,191		52,273		-		212,463		15,534		196,930
McGregor		227,254		75,751		-		303,005		17,216		285,788
McLovin		343,044		183,750		-		526,794		31,094		495,700
Meadow		242,548		80,000		-		322,548		24,255		298,294
Mimosa		159,969		53,750		-		213,719		9,847		203,872
Mojave		178,180		58,500		8,000		244,680		19,691		224,989
Murphy		224,701		73,612		-		298,312		21,108		277,204
Mycroft		135,657		45,219		-		180,876		4,933		175,943
Nugget		423,141		141,047		-		564,188		30,774		533,414
Odessa		403,261		133,750		-		537,011		40,326		496,685
Olive		175,139		57,500		5,044		237,683		20,509		217,174
Oly		344,549		184,100		-		528,649		32,371		496,278
Onyx		245,598		81,866		15,427		342,891		11,502		331,389
Oscar		188,729		62,910		5,865		257,503		7,073		250,430
Osceola		211,769		70,590		-		282,359		7,701		274,658
Osprey		264,002		88,001		6,901		358,903		21,160		337,743
Otoro		296,828		98,943		6,875		402,646		24,418		378,228
Palmer		220,930		73,643		5,690		300,264		8,408		291,856
Patrick		158,368		52,551		6,319		217,239		21,162		196,076
Peanut		163,038		54,346		-		217,385		12,846		204,539
Pearl		412,412		137,471		-		549,882		29,994		519,889
Pecan		157,052		52,124		-		209,176		19,529		189,647
Peterson		170,723		56,908		-		227,631		4,656		222,975
Piedmont		289,947		97,027		-		386,974		20,208		366,766
Pinot		243,611		81,054		-		324,665		27,781		296,883
Pioneer		431,448		143,816		15,000		590,263		30,889		559,375
Plumtree		151,745		50,738		-		202,483		19,311		183,172
Point		288,748		96,249		-		384,997		21,875		363,122
Porthos		228,114		76,038		-		304,152		7,604		296,549
Quincy		413,303		137,768		-		551,071		28,806		522,265

F-334

June 30, 2024

Series	Building		Land		Property Improvements		Total		Less:   Accumulated Depreciation		Property and equipment, net
Redondo		236,941		78,750		-		315,691		13,642		302,049
Regency		208,617		68,750		-		277,367		10,747		266,620
Reginald		329,750		108,750		8,200		446,700		24,853		421,846
Reynolds		324,775		108,258		-		433,033		22,636		410,397
Ribbonwalk		241,740		80,000		-		321,740		23,442		298,298
Richardson		237,659		78,750		-		316,409		15,844		300,565
Richmond		287,745		95,915		-		383,659		7,848		375,812
Ridge		164,536		54,000		-		218,536		17,451		201,085
Ritter		381,271		127,090		-		508,362		27,729		480,633
River		201,388		66,250		-		267,638		21,359		246,279
Riverwalk		298,504		99,501		-		398,005		20,805		377,200
Rooney		242,468		129,500		-		371,968		23,585		348,383
Roseberry		248,204		81,250		-		329,454		25,572		303,881
Rosewood		204,541		68,180		-		272,722		15,496		257,226
Roxy		246,352		82,117		-		328,469		18,663		309,806
Saddlebred		357,856		118,750		17,602		494,208		42,017		452,190
Saint		208,509		112,274		-		320,783		17,692		303,092
Sajni		226,838		75,613		14,142		316,592		14,534		302,059
Salem		241,306		80,225		-		321,531		27,518		294,012
Salinas		172,670		57,557		8,994		239,220		9,721		229,499
Saturn		163,562		53,750		6,480		223,792		20,363		203,429
Scepter		177,069		94,500		-		271,569		17,267		254,302
Sequoyah		187,039		62,000		5,041		254,080		10,202		243,878
Shallowford		272,709		90,500		-		363,209		18,203		345,006
Shoreline		234,300		77,500		-		311,800		24,850		286,950
Sigma		289,989		96,250		-		386,239		26,286		359,953
Simon		218,698		72,899		-		291,597		7,290		284,307
Sims		206,196		68,732		-		274,929		7,498		267,430
Soapstone		165,000		55,000		-		220,000		20,667		199,333
Sodalis		218,882		72,961		-		291,842		15,255		276,587
Spencer		227,685		75,000		-		302,685		24,940		277,745
Splash		163,770		53,750		-		217,520		18,858		198,662
Spring		187,077		62,359		-		249,436		13,039		236,397
Stonebriar		153,288		51,096		-		204,385		11,613		192,772
Sugar		235,235		77,500		-		312,735		24,963		287,772
Summerset		192,776		63,750		15,526		272,051		23,100		248,951
Sundance		238,965		78,750		7,575		325,290		16,284		309,006
Sunnyside		167,162		55,721		-		222,882		8,611		214,271
Swift		259,781		86,594		5,641		352,015		21,937		330,079
Taylor		173,433		58,010		5,354		236,796		14,051		222,746
Terracotta		208,259		112,139		-		320,398		16,408		303,989
Theodore		217,070		72,357		-		289,427		7,236		282,191
Tulip		239,969		79,990		-		319,959		18,907		301,052
Tuscan		244,164		80,225		-		324,389		27,820		296,569
Tuscarora		252,508		83,998		-		336,505		13,008		323,497
Tuxford		198,079		66,026		-		264,106		16,206		247,899
Vernon		199,031		64,942		-		263,973		21,110		242,864
Walton		226,775		75,592		-		302,367		15,806		286,561
Wave		252,771		84,590		-		337,362		20,681		316,680
Weldon		159,806		52,500		-		212,306		15,981		196,326
Wellington		306,669		101,250		6,650		414,569		22,329		392,240
Wentworth		172,251		56,550		8,000		236,801		19,091		217,711
Wescott		207,088		69,029		-		276,118		15,061		261,057
Westchester		257,791		85,000		-		342,791		27,341		315,450
Wildwood		166,727		55,576		-		222,303		12,631		209,672
Willow		221,118		73,250		-		294,368		14,741		279,627
Wilson		289,478		96,830		5,795		392,103		22,371		369,732
Winchester		200,150		66,717		5,698		272,564		7,015		265,549
Windsor		264,500		87,500		-		352,000		28,053		323,947
Winston		248,565		82,855		-		331,420		16,571		314,849
Wisteria		224,188		74,729		7,912		306,830		18,718		288,112
	$	57,656,362	$	19,667,892	$	500,089	$	77,824,342	$	4,316,053	$	73,508,289

F-335

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		-		-		-		-		-		-
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

F-336

June 30, 2023

Series	Building		Land		Property Improvements		Total		Less:   Accumulated Depreciation		Property and equipment, net
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
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

F-337

June 30, 2023

Series	Building		Land		Property Improvements		Total		Less:   Accumulated Depreciation		Property and equipment, net
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
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
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

F-338

June 30, 2023

Series	Building		Land		Property Improvements		Total		Less:   Accumulated Depreciation		Property and equipment, net
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

Depreciation expense was $1,088,121 and $901,791 for the six months ended June 30, 2024 and 2023.

F-339

NOTE 5: MORTGAGE PAYABLE, NET

The Company has mortgages with Arvest Bank, Certain Lending, and Arrived Holdings, Inc. (a related party and the Manager of the Company). The following is a summary of the mortgages by each Series. In cases where the loan was assigned from Arrived Holdings, Inc. to a related party, Arrived Short Term Notes, LLC (also a related party of the Manager), with no changes to the terms or conditions of the loan for the Series, the assignment does not impact the Series' obligations under the original loan agreement.

JUNE 30, 2024

Series	Lender	Mortgage Principal		Financing Strategy	Term	Interest Only Period	Interest Rate
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	%
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	%
Basil	Certain Lending		131,625	Term	30	5		4.625	%
Bayside	Certain Lending		165,750	Term	30	7		4.625	%
Bedford	Certain Lending		196,000	Term	30	7		3.875	%
Brainerd	Arrived Holdings, Inc.		145,000	Term	30	5		5.950	%
Brennan	Certain Lending		157,500	Term	30	7		5.625	%
Brooklyn	Arrived Short Term Notes, LLC		83,000	Term	30	5		5.950	%
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		4.00	%
Chelsea	Certain Lending		215,492	Term	30	7		3.875	%
Chester	Certain Lending		186,000	Term	30	7		6.625	%
Coatbridge	Certain Lending		175,500	Term	30	5		4.625	%
Collinston	Certain Lending		136,500	Term	30	5		3.875	%
Creekwood	Certain Lending		144,750	Term	30	7		6.625	%
Cupcake	Certain Lending		152,989	Term	30	7		3.875	%
Cypress	Certain Lending		182,500	Term	30	7		6.625	%
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	%
Dolittle	Certain Lending		207,577	Term	30	7		3.875	%
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	%
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	%
Forest	Certain Lending		227,500	Term	30	5		4.625	%
Gardens	Certain Lending		136,500	Term	30	7		4.750	%
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	%
Grove	Certain Lending		157,500	Term	30	7		4.750	%
Hadden	Certain Lending		143,500	Term	30	7		3.875	%
Hansel	Certain Lending		201,995	Term	30	7		6.625	%
Harrison	Certain Lending		230,000	Term	30	7		6.625	%
Heritage	Certain Lending		203,000	Term	30	7		4.750	%
Heron	Certain Lending		200,900	Term	30	7		4.750	%
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	%
Jill	Certain Lending		201,320	Term	30	7		6.625	%
Jupiter	Certain Lending		139,750	Term	30	5		4.625	%
Kawana	Certain Lending		192,500	Term	30	7		3.875	%
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	%
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	%
Lennox	Certain Lending		139,750	Term	30	5		4.625	%
Lierly	Arvest Bank		131,100	Term	10	5		4.00	%
Lily	Certain Lending		311,500	Term	30	7		3.875	%
Limestone	Certain Lending		203,000	Term	30	5		3.875	%
Litton	Arrived Short Term Notes, LLC		160,000	Term	30	5		5.95	%

F-340

JUNE 30, 2024

Series	Lender	Mortgage Principal		Financing Strategy	Term	Interest Only Period	Interest Rate
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 Short Term Notes, LLC		110,000	Term	30	5		6.990	%
Madison	Certain Lending		102,500	Term	30	7		6.00	%
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	%
Marietta	Certain Lending		152,113	Term	30	7		6.625	%
Matchingham	Certain Lending		146,364	Term	30	7		3.875	%
McLovin	Certain Lending		367,500	Term	30	7		3.875	%
Meadow	Certain Lending		214,900	Term	30	7		3.875	%
Mimosa	Arrived Holdings, Inc.		107,500	Term	30	5		6.625	%
Mojave	Certain Lending		163,800	Term	30	7		3.875	%
Murphy	Certain Lending		207,270	Term	30	7		3.875	%
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	%
Otoro	Certain Lending		274,400	Term	30	7		3.875	%
Patrick	Arvest Bank		108,300	Term	10	5		4.00	%
Peanut	Certain Lending		147,000	Term	30	7		4.750	%
Pecan	Arvest Bank		112,860	Term	10	5		4.00	%
Piedmont	Certain Lending		192,500	Term	30	7		6.625	%
Pinot	Certain Lending		210,740	Term	30	5		4.625	%
Plumtree	Arvest Bank		111,150	Term	10	5		4.00	%
Point	Certain Lending		267,750	Term	30	7		4.750	%
Redondo	Arrived Holdings, Inc.		157,500	Term	30	5		6.625	%
Regency	Arrived Short Term Notes, LLC		137,500	Term	30	5		6.990	%
Ribbonwalk	Certain Lending		224,000	Term	30	7		3.875	%
Ridge	Certain Lending		140,400	Term	30	5		4.625	%
River	Certain Lending		172,250	Term	30	5		4.625	%
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	%
Sequoyah	Arrived Short Term Notes, LLC		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	%
Sigma	Certain Lending		269,500	Term	30	7		3.875	%
Soapstone	Arvest Bank		128,250	Term	10	5		4.00	%
Spencer	Certain Lending		195,000	Term	30	5		4.625	%
Splash	Arvest Bank		122,500	Term	10	5		4.00	%
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, Inc.		157,500	Term	30	5		6.625	%
Taylor	Certain Lending		115,000	Term	30	7		6.625	%
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		4.00	%
Tuxford	Certain Lending		178,500	Term	30	7		3.875	%
Vernon	Certain Lending		181,837	Term	30	7		3.875	%
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		5.50	%
Windsor	Certain Lending		227,500	Term	30	5		4.625	%
Wisteria	Certain Lending		207,477	Term	30	7		4.750	%
		$	24,211,338

F-341

JUNE 30, 2023

Series	Lender	Mortgage Principal		Financing Strategy	Term	Interest Only Period	Interest Rate
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	%
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	%
Basil	Certain Lending		131,625	Term	30	5		4.625	%
Bayside	Certain Lending		165,750	Term	30	7		4.625	%
Bedford	Certain Lending		196,000	Term	30	7		3.875	%
Brainerd	Arrived Holdings		145,000	Term	30	5		5.950	%
Brennan	Certain Lending		157,500	Term	30	7		5.625	%
Brooklyn	Arrived Holdings		83,000	Term	30	5		5.950	%
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	%
Chester	Certain Lending		186,000	Term	30	7		6.625	%
Coatbridge	Certain Lending		175,500	Term	30	5		4.625	%
Collinston	Certain Lending		136,500	Term	30	5		3.875	%
Creekwood	Certain Lending		144,750	Term	30	7		6.625	%
Cupcake	Certain Lending		152,989	Term	30	7		3.875	%
Cypress	Certain Lending		182,500	Term	30	7		6.625	%
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	%
Dolittle	Certain Lending		207,577	Term	30	7		3.875	%
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	%
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	%
Forest	Certain Lending		227,500	Term	30	5		4.625	%
Gardens	Certain Lending		136,500	Term	30	7		4.750	%
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	%
Grove	Certain Lending		157,500	Term	30	7		4.750	%
Hadden	Certain Lending		143,500	Term	30	7		3.875	%
Hansel	Certain Lending		201,995	Term	30	7		6.625	%
Harrison	Certain Lending		230,000	Term	30	7		6.625	%
Heritage	Certain Lending		203,000	Term	30	7		4.750	%
Heron	Certain Lending		200,900	Term	30	7		4.750	%
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	%
Jill	Certain Lending		201,320	Term	30	7		6.625	%
Jupiter	Certain Lending		139,750	Term	30	5		4.625	%
Kawana	Certain Lending		192,500	Term	30	7		3.875	%
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	%
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	%
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	%

F-342

JUNE 30, 2023

Series	Lender	Mortgage Principal		Financing Strategy	Term	Interest Only Period	Interest Rate
Limestone	Certain Lending		203,000	Term	30	5		3.875	%
Litton	Arrived Holdings		160,000	Term	30	5		5.950	%
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	%
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	%
Marietta	Certain Lending		152,113	Term	30	7		6.625	%
Matchingham	Certain Lending		146,364	Term	30	7		3.875	%
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	%
Mojave	Certain Lending		163,800	Term	30	7		3.875	%
Murphy	Certain Lending		207,270	Term	30	7		3.875	%
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	%
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	%
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	%
Plumtree	Arvest Bank		111,150	Term	10	5		4.000	%
Point	Certain Lending		267,750	Term	30	7		4.750	%
Redondo	Arrived Holdings		157,500	Term	30	5		6.625	%
Regency	Arrived Holdings		137,500	Term	30	5		6.990	%
Ribbonwalk	Certain Lending		224,000	Term	30	7		3.875	%
Ridge	Certain Lending		140,400	Term	30	5		4.625	%
River	Certain Lending		172,250	Term	30	5		4.625	%
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	%
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	%
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	%
Sundance	Arrived Holdings		157,500	Term	30	5		6.625	%
Taylor	Certain Lending		115,000	Term	30	7		6.625	%
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	%
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	%
		$	24,211,338

F-343

The mortgages are secured by each Series’ property. As of June 30, 2024 and 2023 the entire principal of the mortgage loans remained outstanding, with maturities dates in excess of one year and thus reflected as non-current liabilities on the consolidated and consolidating balance sheets.

Loan fees incurred in connection with the mortgages were capitalized as a debt discount and are being amortized to interest expenses over the life of the loan. For the periods ending June 30, 2024 and 2023, the Company recorded amortization of loan fees of $10,533 and $11,947. For the period ending June 30, 2024, mortgage payable, net of unamortized loan fees of $310,668 was $23,900,670. For the period ending June 30, 2023, mortgage payable, net of unamortized loan fees of $331,335 was $23,880,003.

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 monthly basis. However, the Manager may change the timing of distributions or determine that no distributions shall be made, in its sole discretion.

F-344

Membership Interests

As of June 30, 2024 and 2023, the Series closed on its public offerings for net proceeds of $57,762,493 and $44,653,221, respectively. The following is a summary of the public offerings by each Series.

June 30, 2024
Series	# of Units Issued		Net cumulative proceeds from the issuance of membership units		Issuance expense (1%)		Offering expense (2%)
100		63,785	$	637,849	$	7,055	$	14,116
101		66,117		661,166		7,198		14,596
Abbington		50,715		507,153		5,537		11,081
Abernant		25,203		252,032		2,721		5,457
Alvin		34,579		345,786		3,737		7,477
Amber		12,168		121,685		1,455		2,930
Apollo		7,637		76,371		912		2,147
Aster		15,319		153,193		1,715		3,885
Augusta		32,522		325,223		3,520		7,057
Avebury		10,507		105,073		1,262		3,005
Avondale		35,947		359,466		3,890		7,784
Badminton		8,967		89,674		1,102		2,205
Ballinger		32,607		326,071		3,523		7,046
Bandelier		12,576		125,763		1,477		2,950
Baron		60,124		601,238		6,530		13,062
Basil		7,946		79,458		956		1,913
Bayside		10,464		104,640		1,231		2,460
Bazzel		26,781		267,812		2,913		5,825
Bedford		10,286		102,855		1,232		2,463
Bella		33,506		335,062		3,627		7,271
Belle		46,109		461,088		4,990		10,082
Belvedere		32,287		322,875		3,497		6,998
Bergenia		23,942		239,423		2,589		5,178
Blossom		28,199		281,987		3,037		6,135
Bonneau		35,923		359,235		3,875		7,841
Brainerd		17,149		171,485		1,913		4,163
Braxton		35,070		350,696		3,763		7,603
Brennan		9,062		90,622		1,062		2,136
Briarwood		23,506		235,059		2,537		5,074
Brooklyn		10,473		104,727		1,162		2,519
Burlington		66,597		665,971		7,438		14,881
Butter		13,496		134,959		1,611		3,220
Calvin		26,235		262,352		2,832		5,666
Camino		28,486		284,861		3,072		6,206
Cawley		34,275		342,749		3,709		7,422
Centennial		10,705		107,045		1,183		2,366
Chaparral		10,165		101,646		1,048		2,096
Chelsea		11,592		115,917		1,376		3,267
Chester		22,033		220,331		2,459		5,596
Chickamauga		39,798		397,981		4,309		8,620

F-351

June 30, 2024
Series	# of Units Issued		Net cumulative proceeds from the issuance of membership units		Issuance expense (1%)		Offering expense (2%)
Chinook		33,333		333,328		3,609		7,223
Chitwood		40,730		407,296		4,377		8,843
Clover		34,987		349,874		3,778		7,639
Coatbridge		11,163		111,630		1,310		2,620
Collier		36,660		366,595		4,066		8,218
Collinston		8,654		86,539		1,031		2,060
Conway		71,747		717,475		7,745		15,662
Cove		22,741		227,408		2,463		4,939
Creekside		32,934		329,342		3,583		7,239
Creekwood		17,253		172,529		1,922		4,360
Cumberland		31,643		316,431		3,418		6,906
Cupcake		9,122		91,225		1,092		2,183
Cypress		21,853		218,531		2,437		5,527
Daisy		32,056		320,560		3,484		7,041
Davidson		7,713		77,126		924		1,850
Dawson		9,310		93,103		1,097		2,200
Delta		12,247		122,469		1,451		2,910
Dewberry		7,723		77,226		924		1,849
Diablo		10,811		108,110		1,290		2,890
Dogwood		25,673		256,729		2,771		5,612
Dolittle		11,271		112,713		1,337		2,680
Dolly		72,674		726,743		7,863		15,885
Dops		22,187		221,871		2,406		4,813
Dorchester		36,954		369,542		3,982		8,045
Dunbar		33,888		338,881		3,719		7,467
Eagle		16,422		164,218		1,836		3,708
Eastfair		7,370		73,704		860		1,721
Eastwood		34,681		346,808		3,747		7,495
Elevation		10,683		106,833		1,257		2,520
Ella		28,318		283,179		3,067		6,134
Ellen		27,466		274,662		2,972		5,956
Elm		6,920		69,199		821		1,640
Emporia		12,861		128,605		1,526		3,629
Ensenada		19,813		198,133		2,317		4,640
Falcon		16,318		163,183		1,830		4,148
Felix		27,385		273,851		2,960		5,929
Fenwick		32,811		328,106		3,550		7,104
Fletcher		19,977		199,773		2,155		4,312
Folly		33,427		334,272		3,593		7,259
Forest		14,099		140,988		1,632		3,260
Foster		34,494		344,939		3,733		7,468
Franklin		32,786		327,859		3,549		7,102
Gardens		9,964		99,641		1,162		2,327
General		34,609		346,088		3,745		7,497
Goose		15,350		153,504		1,717		3,471

F-352

June 30, 2024
Series	# of Units Issued		Net cumulative proceeds from the issuance of membership units		Issuance expense (1%)		Offering expense (2%)
Grant		13,870		138,704		1,631		3,285
Greenhill		11,470		114,705		1,405		2,810
Gretal		48,386		483,863		5,180		10,465
Grove		8,677		86,767		1,051		2,102
Hadden		9,371		93,715		1,106		2,219
Hansard		32,513		325,132		3,526		7,052
Hansel		23,815		238,147		2,644		5,342
Hargrave		25,963		259,629		2,765		5,609
Harrison		26,578		265,775		3,028		6,876
Henry		43,409		434,088		4,710		9,515
Heritage		10,518		105,184		1,275		3,022
Heron		10,718		107,181		1,322		3,097
Highland		29,703		297,033		3,208		6,486
Hines		27,208		272,084		2,953		5,943
Hobbes		25,983		259,827		2,804		5,609
Holcomb		37,778		377,785		4,095		8,190
Holland		8,542		85,418		1,032		2,070
Hollandaise		13,997		139,974		1,644		3,292
Holloway		13,269		132,687		1,478		2,957
Inglewood		71,900		719,002		7,732		15,628
Irene		19,969		199,694		2,154		4,312
Jack		15,548		155,481		1,835		4,354
Jake		61,528		615,282		6,638		13,650
Jefferson		29,466		294,664		3,195		6,391
Jill		23,852		238,522		2,654		6,027
Johnny		61,084		610,843		6,074		13,963
June		61,286		612,863		6,660		13,377
Jupiter		8,909		89,088		1,052		2,110
Kawana		10,782		107,816		1,270		2,994
Kennesaw		44,772		447,715		4,842		9,804
Kenny		72,415		724,145		7,861		15,885
KerriAnn		12,222		122,220		1,461		2,930
Kessler		15,138		151,381		1,717		3,894
Kingsley		11,264		112,642		1,269		2,537
Kirkwood		9,585		95,854		1,165		2,761
Korin		29,848		298,485		3,244		6,491
Lallie		13,343		133,432		1,697		3,395
Lanier		14,014		140,138		1,681		3,361
Lannister		8,204		82,045		958		2,067
Latte		37,949		379,491		4,167		8,352
Lennox		8,997		89,971		1,059		2,120
Lierly		9,172		91,723		946		1,891
Lily		20,889		208,894		2,436		4,880
Limestone		11,884		118,837		1,383		2,770
Litton		18,997		189,972		2,120		4,616
Longwoods		29,695		296,948		3,214		6,428
Lookout		35,594		355,935		3,975		7,984
Loretta		70,257		702,567		7,753		15,662
Louis		29,992		299,924		3,242		6,484
Louise		11,347		113,471		1,322		2,748

F-353

June 30, 2024
Series	# of Units Issued		Net cumulative proceeds from the issuance of membership units		Issuance expense (1%)		Offering expense (2%)
Lovejoy		10,767		107,667		1,283		3,050
Luna		7,424		74,244		907		1,814
Lurleen		13,616		136,159		1,537		3,304
Madison		12,038		120,379		1,467		2,934
Mae		37,141		371,412		4,091		8,266
Magnolia		9,388		93,884		1,148		2,708
Malbec		12,555		125,553		1,379		2,757
Mammoth		12,406		124,064		1,489		2,977
Marcelo		31,255		312,549		3,345		6,762
Marie		34,148		341,482		3,705		7,412
Marietta		17,817		178,169		2,024		4,596
Marion		28,117		281,169		3,043		6,088
Marple		19,668		196,682		2,128		4,260
Martell		28,590		285,898		3,099		6,203
Mary		29,320		293,203		3,175		6,352
Matchingham		7,885		78,848		952		1,900
McGregor		31,823		318,229		3,537		7,075
McLovin		18,825		188,251		2,199		4,400
Meadow		13,352		133,521		1,589		3,180
Mimosa		12,993		129,928		1,484		6,863
Mojave		8,654		86,541		1,160		2,320
Murphy		10,998		109,984		1,306		2,610
Mycroft		20,057		200,572		2,172		4,346
Nugget		57,599		575,993		6,385		12,782
Odessa		18,708		187,076		2,194		4,410
Olive		11,892		118,919		1,371		2,750
Oly		18,720		187,196		2,184		4,380
Onyx		35,512		355,119		3,843		7,698
Oscar		27,632		276,320		2,986		5,974
Osceola		30,974		309,740		3,350		6,700
Osprey		37,205		372,052		4,028		8,110
Otoro		14,266		142,659		1,717		4,084
Palmer		32,098		320,984		3,472		6,944
Patrick		10,967		109,673		1,139		2,278
Peanut		8,318		83,182		992		2,266
Pearl		56,516		565,158		6,248		12,514
Pecan		10,370		103,703		1,069		2,138
Peterson		25,121		251,214		2,712		5,424
Piedmont		22,904		229,041		2,552		5,791
Pinot		12,658		126,577		1,392		2,785
Pioneer		60,173		601,734		6,550		13,116
Plumtree		10,554		105,543		1,089		2,178
Point		14,072		140,718		1,701		3,401
Porthos		33,000		330,000		3,574		7,156
Quincy		56,332		563,320		6,254		12,601
Redondo		18,749		187,490		2,096		4,753
Regency		16,405		164,047		1,870		4,023
Reginald		46,103		461,031		4,981		10,077

F-354

June 30, 2024
Series	# of Units Issued		Net cumulative proceeds from the issuance of membership units		Issuance expense (1%)		Offering expense (2%)
Reynolds		45,377		453,769		4,908		9,874
Ribbonwalk		11,697		116,972		1,388		2,780
Richardson		33,958		339,576		3,661		7,376
Richmond		41,472		414,717		4,481		8,962
Ridge		8,803		88,030		1,050		2,110
Ritter		53,541		535,406		5,808		11,616
River		10,803		108,034		1,277		2,550
Riverwalk		41,185		411,849		4,511		9,144
Rooney		13,332		133,316		1,564		3,130
Roseberry		12,716		127,158		1,464		2,928
Rosewood		10,199		101,990		1,232		2,908
Roxy		12,177		121,771		1,436		2,873
Saddlebred		16,924		169,237		1,983		3,970
Saint		12,654		126,543		1,479		2,958
Sajni		32,310		323,100		3,503		7,007
Salem		12,082		120,825		1,338		2,676
Salinas		25,109		251,086		2,718		5,436
Saturn		8,750		87,500		1,050		2,110
Scepter		9,723		97,234		1,176		2,360
Sequoyah		14,947		149,466		1,666		3,621
Shallowford		21,613		216,125		2,412		5,479
Shoreline		10,853		108,532		1,249		2,498
Sigma		13,801		138,010		1,640		3,280
Simon		31,518		315,180		3,412		6,838
Sims		29,987		299,872		3,245		6,493
Soapstone		9,702		97,019		1,000		2,000
Sodalis		30,804		308,042		3,334		6,740
Spencer		11,715		117,152		1,388		2,775
Splash		10,214		102,138		1,119		2,238
Spring		26,455		264,550		2,852		5,769
Stonebriar		8,062		80,622		997		2,182
Sugar		12,758		127,579		1,471		2,940
Summerset		9,844		98,435		1,189		2,377
Sundance		18,739		187,392		2,094		4,753
Sunnyside		24,359		243,594		2,635		5,271
Swift		36,454		364,541		3,956		7,913
Taylor		14,185		141,854		1,583		3,577
Terracotta		11,844		118,438		1,396		2,796
Theodore		31,339		313,394		3,392		6,784
Tulip		11,817		118,171		1,402		3,328
Tuscan		15,148		151,483		1,655		3,310
Tuscarora		35,918		359,177		3,901		7,802
Tuxford		10,236		102,364		1,206		2,750
Vernon		9,771		97,709		1,161		2,330
Walton		31,661		316,610		3,436		6,940
Wave		11,734		117,342		1,431		2,867

F-355

June 30, 2024
Series	# of Units Issued		Net cumulative proceeds from the issuance of membership units		Issuance expense (1%)		Offering expense (2%)
Weldon		8,644		86,439		1,031		2,060
Wellington		43,523		435,233		4,672		9,438
Wentworth		9,355		93,548		1,124		2,251
Wescott		15,722		157,215		1,792		4,033
Westchester		15,954		159,539		1,821		3,640
Wildwood		13,035		130,348		1,504		3,008
Willow		30,912		309,121		3,376		6,819
Wilson		40,932		409,315		4,449		8,991
Winchester		29,206		292,056		3,154		6,310
Windsor		13,461		134,610		1,572		3,144
Winston		35,159		351,588		3,794		7,635
Wisteria		10,756		107,563		1,306		2,611
		5,776,249	$	57,762,493	$	638,605	$	1,306,455

June 30, 2023
Series Name	# of Units Issued		Net cumulative proceeds from the issuance of membership units		Net cumulative, 1% issuance Exp		Net cumulative, offering Expense (2%)
100		61,990	$	619,899	$	7,055	$	14,116
101		63,291		632,909		7,198		14,596
Abbington		47,242		472,424		5,537		11,081
Amber		10,387		103,869		1,455		2,930
Apollo		6,861		68,607		912		2,147
Aster		14,076		140,762		1,715		3,885
Augusta		-		-		-		-
Avebury		9,257		92,573		1,262		3,005
Avondale		35,947		359,466		3,890		7,784
Badminton		8,405		84,054		1,102		2,205
Bandelier		11,013		110,135		1,477		2,950
Baron		57,411		574,107		6,530		13,062
Basil		7,029		70,288		956		1,913
Bayside		9,981		99,814		1,231		2,460
Bazzel		25,645		256,450		2,913		5,825
Bedford		9,887		98,872		1,232		2,463
Bella		-		-		-		-
Belle		44,629		446,293		4,990		10,082
Belvedere		32,287		322,875		3,497		6,998
Bergenia		-		-		-		-
Blossom		27,553		275,525		3,037		6,135
Bonneau		34,041		340,414		3,875		7,841
Brainerd		17,296		172,962		1,913		4,163
Braxton		33,459		334,593		3,763		7,603
Brennan		8,050		80,500		1,062		2,136
Brooklyn		10,287		102,867		1,162		2,519
Burlington		64,012		640,125		7,438		14,881
Butter		11,372		113,716		1,611		3,220
Camino		28,025		280,251		3,072		6,206
Campbell		-		-		-		-
Cawley		-		-		-		-
Centennial		9,504		95,037		1,183		2,366
Chaparral		8,919		89,185		1,048		2,096
Chelsea		10,263		102,632		1,376		3,267
Chester		21,067		210,665		2,459		5,596
Chickamauga		40,123		401,230		4,309		8,620
Chinook		-		-		-		-
Chitwood		39,124		391,243		4,377		8,843
Clover		34,064		340,644		3,778		7,639
Coatbridge		10,461		104,608		1,310		2,620
Collier		35,690		356,896		4,066		8,218
Collinston		6,558		65,580		1,031		2,060

F-345

June 30, 2023
Series Name	# of Units Issued		Net cumulative proceeds from the issuance of membership units		Net cumulative, 1% issuance Exp		Net cumulative, offering Expense (2%)
Conway		68,176		681,755		7,745		15,662
Cove		22,741		227,408		2,463		4,939
Creekside		32,341		323,414		3,583		7,239
Creekwood		16,817		168,173		1,922		4,360
Cumberland		31,373		313,735		3,418		6,906
Cupcake		8,285		82,851		1,092		2,183
Cypress		20,474		204,742		2,437		5,527
Daisy		31,511		315,110		3,484		7,041
Davidson		6,100		60,995		924		1,850
Dawson		7,394		73,939		1,097		2,200
Delta		10,012		100,118		1,451		2,910
Dewberry		6,921		69,213		924		1,849
Diablo		7,696		76,957		1,290		2,890
Dogwood		25,089		250,891		2,771		5,612
Dolittle		10,306		103,056		1,337		2,680
Dolly		69,451		694,506		7,863		15,885
Dops		22,097		220,971		2,406		4,813
Dorchester		35,039		350,394		3,982		8,045
Dunbar		31,837		318,373		3,719		7,467
Eagle		15,705		157,055		1,836		3,708
Eastfair		6,996		69,956		860		1,721
Elevation		9,905		99,050		1,257		2,520
Ella		28,348		283,479		3,067		6,134
Ellen		-		-		-		-
Elm		6,166		61,659		821		1,640
Emporia		11,352		113,523		1,526		3,629
Ensenada		17,799		177,988		2,317		4,640
Falcon		15,472		154,723		1,830		4,148
Felix		-		-		-		-
Fenwick		-		-		-		-
Folly		32,267		322,669		3,593		7,259
Forest		11,279		112,792		1,632		3,260
Foster		-		-		-		-
Franklin		-		-		-		-
Gardens		9,049		90,486		1,162		2,327
General		-		-		-		-
Goose		14,505		145,051		1,717		3,471
Grant		11,917		119,168		1,631		3,285
Greenhill		10,915		109,152		1,405		2,810
Gretal		47,807		478,067		5,180		10,465

F-346

June 30, 2023
Series Name	# of Units Issued		Net cumulative proceeds from the issuance of membership units		Net cumulative, 1% issuance Exp		Net cumulative, offering Expense (2%)
Grove		7,598		75,984		1,051		2,102
Hadden		8,451		84,506		1,106		2,219
Hansard		32,453		324,532		3,526		7,052
Hansel		22,230		222,297		2,644		5,342
Harrison		25,434		254,340		3,028		6,876
Henry		41,793		417,931		4,710		9,515
Heritage		8,873		88,728		1,275		3,022
Heron		9,818		98,180		1,322		3,097
Highland		28,278		282,783		3,208		6,486
Hines		25,992		259,919		2,953		5,943
Holcomb		35,907		359,072		4,095		8,190
Holland		6,801		68,008		1,032		2,070
Hollandaise		12,563		125,632		1,644		3,292
Holloway		12,158		121,577		1,478		2,957
Inglewood		68,453		684,530		7,732		15,628
Jack		14,324		143,237		1,835		4,354
Jake		59,645		596,448		6,638		13,650
Jefferson		29,396		293,964		3,195		6,391
Jill		22,902		229,017		2,654		6,027
Johnny		56,832		568,318		6,074		13,963
June		57,046		570,463		6,660		13,377
Jupiter		7,173		71,731		1,052		2,110
Kawana		9,354		93,538		1,270		2,994
Kennesaw		42,690		426,903		4,842		9,804
Kenny		70,084		700,843		7,861		15,885
KerriAnn		9,566		95,660		1,461		2,930
Kessler		14,650		146,499		1,717		3,894
Kingsley		10,190		101,900		1,269		2,537
Kirkwood		8,243		82,431		1,165		2,761
Korin		29,748		297,477		3,244		6,491
Lallie		12,385		123,846		1,697		3,395
Lanier		13,146		131,458		1,681		3,361
Lannister		6,540		65,402		958		2,067
Latte		37,513		375,130		4,167		8,352
Lennox		8,508		85,080		1,059		2,120
Lierly		8,170		81,700		946		1,891
Lily		16,202		162,022		2,436		4,880
Limestone		10,646		106,459		1,383		2,770
Litton		19,182		191,820		2,120		4,616
Longwoods		-		-		-		-
Lookout		34,334		343,336		3,975		7,984
Loretta		69,624		696,240		7,753		15,662
Louis		-		-		-		-
Louise		10,487		104,866		1,322		2,748
Lovejoy		9,369		93,689		1,283		3,050
Luna		6,844		68,442		907		1,814

F-347

June 30, 2023
Series Name	# of Units Issued		Net cumulative proceeds from the issuance of membership units		Net cumulative, 1% issuance Exp		Net cumulative, offering Expense (2%)
Lurleen		13,456		134,563		1,537		3,304
Madison		10,511		105,115		1,467		2,934
Mae		37,401		374,007		4,091		8,266
Magnolia		7,942		79,416		1,148		2,708
Malbec		11,333		113,333		1,379		2,757
Mammoth		11,137		111,366		1,489		2,977
Marcelo		29,972		299,725		3,345		6,762
Marie		34,098		340,982		3,705		7,412
Marietta		17,091		170,915		2,024		4,596
Marion		-		-		-		-
Marple		19,668		196,682		2,128		4,260
Martell		28,620		286,198		3,099		6,203
Mary		-		-		-		-
Matchingham		7,654		76,536		952		1,900
McGregor		29,884		298,839		3,537		7,075
McLovin		16,184		161,841		2,199		4,400
Meadow		11,190		111,898		1,589		3,180
Mimosa		12,510		125,096		1,484		3,353
Mojave		7,625		76,249		1,160		2,320
Murphy		10,108		101,077		1,306		2,610
Mycroft		20,077		200,772		2,172		4,346
Nugget		55,598		555,985		6,385		12,782
Odessa		15,031		150,309		2,194		4,410
Olive		11,169		111,685		1,371		2,750
Oly		16,891		168,914		2,184		4,380
Onyx		-		-		-		-
Oscar		-		-		-		-
Osceola		-		-		-		-
Osprey		35,969		359,692		4,028		8,110
Otoro		12,284		122,842		1,717		4,084
Palmer		-		-		-		-
Patrick		9,166		91,661		1,139		2,278
Peanut		8,074		80,736		992		2,266
Pearl		55,587		555,868		6,248		12,514
Pecan		9,230		92,297		1,069		2,138
Piedmont		21,955		219,551		2,552		5,791
Pinot		11,156		111,561		1,392		2,785
Pioneer		57,417		574,168		6,550		13,116
Plumtree		9,128		91,278		1,089		2,178
Point		13,017		130,172		1,701		3,401
Porthos		-		-		-		-
Quincy		55,338		553,375		6,254		12,601
Redondo		18,077		180,768		2,096		4,753
Regency		16,388		163,880		1,870		4,023
Reginald		42,604		426,037		4,981		10,077
Reynolds		43,655		436,550		4,908		9,874
Ribbonwalk		9,088		90,883		1,388		2,780
Richardson		32,828		328,283		3,661		7,376

F-348

June 30, 2023
Series Name	# of Units Issued		Net cumulative proceeds from the issuance of membership units		Net cumulative, 1% issuance Exp		Net cumulative, offering Expense (2%)
Ridge		8,355		83,550		1,050		2,110
Ritter		50,668		506,679		5,808		11,616
River		10,094		100,942		1,277		2,550
Riverwalk		40,255		402,548		4,511		9,144
Rooney		10,734		107,342		1,564		3,130
Roseberry		10,904		109,042		1,464		2,928
Rosewood		8,372		83,715		1,232		2,908
Roxy		10,133		101,334		1,436		2,873
Saddlebred		14,360		143,605		1,983		3,970
Saint		12,033		120,330		1,479		2,958
Sajni		32,330		323,300		3,503		7,007
Salem		10,963		109,633		1,338		2,676
Salinas		25,109		251,086		2,718		5,436
Saturn		7,613		76,128		1,050		2,110
Scepter		8,324		83,236		1,176		2,360
Sequoyah		14,690		146,901		1,666		3,621
Shallowford		20,045		200,450		2,412		5,479
Shoreline		9,722		97,216		1,249		2,498
Sigma		12,237		122,373		1,640		3,280
Simon		-		-		-		-
Sims		28,989		289,893		3,145		6,493
Soapstone		8,481		84,806		1,000		2,000
Sodalis		29,160		291,596		3,334		6,740
Spencer		10,675		106,749		1,388		2,775
Splash		9,183		91,827		1,119		2,238
Spring		25,385		253,852		2,852		5,769
Stonebriar		6,644		66,437		997		2,182
Sugar		11,505		115,048		1,471		2,940
Summerset		8,471		84,713		1,189		2,377
Sundance		18,410		184,096		2,094		4,753
Sunnyside		24,269		242,694		2,635		5,271
Swift		35,009		350,095		3,956		7,913
Taylor		13,871		138,711		1,583		3,577
Terracotta		11,309		113,091		1,396		2,796
Theodore		-		-		-		-
Tulip		9,744		97,441		1,402		3,328
Tuscan		13,186		131,864		1,655		3,310
Tuscarora		35,789		357,891		3,887		7,802
Tuxford		7,894		78,935		1,206		2,750
Vernon		8,273		82,726		1,161		2,330

F-349

June 30, 2023
Series Name	# of Units Issued		Net cumulative proceeds from the issuance of membership units		Net cumulative, 1% issuance Exp		Net cumulative, offering Expense (2%)
Walton		29,007		290,069		3,436		6,940
Wave		9,661		96,605		1,431		2,867
Weldon		7,261		72,614		1,031		2,060
Wellington		42,574		425,744		4,672		9,438
Wentworth		8,399		83,990		1,124		2,251
Wescott		13,876		138,760		1,792		4,033
Westchester		15,104		151,038		1,821		3,640
Wildwood		12,013		120,130		1,504		3,008
Willow		30,299		302,987		3,376		6,819
Wilson		40,044		400,441		4,449		8,991
Windsor		12,469		124,688		1,572		3,144
Winston		35,157		351,570		3,794		7,635
Wisteria		10,217		102,174		1,306		2,611
		4,465,322	$	44,653,221	$	524,902	$	1,075,539

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 will receive reimbursements for out-of-pocket expenses in connection with the offering of up to a maximum of 2% of the gross proceeds from the issuance of membership interests, which amounted to the net cumulative amount of $1,306,455 and $1,075,539 during the six months ended June 30, 2024 and 2023.

F-356

Distributions

During the six months ended June 30, 2024, and 2023, 241 and 199 Series, respectively, recorded distributions to the investors of the respective Series totaling $990,663 and $910,997, respectively, which were recorded as a reduction to members’ capital.

The following table reflects total distributions by Series during the six months ended June 30, 2024 and 2023.

Series	June 30, 2024		June 30, 2023
100	$	7,823	$	15,286
101		5,602		8,695
Abbington		5,322		9,339
Abernant		6,257		-
Alvin		8,966		-
Amber		1,430		2,145
Apollo		975		1,444
Aster		1,589		1,732
Augusta		7,495		-
Avebury		1,126		2,503
Avondale		5,132		-
Badminton		1,798		3,444
Ballinger		7,993		-
Bandelier		1,357		2,360
Baron		4,620		10,411
Basil		2,042		2,836
Bayside		3,224		3,815
Bazzel		3,078		4,360
Bedford		2,297		3,421
Bella		7,327		-
Belle		4,443		6,528
Belvedere		8,848		-
Bergenia		6,446		-
Blossom		6,002		7,326
Bonneau		5,548		6,263
Brainerd		4,501		3,671
Braxton		8,829		9,880
Brennan		805		849
Briarwood		6,467		-
Brooklyn		2,067		2,466
Burlington		5,134		11,597
Butter		2,215		3,989
Calvin		6,766		-
Camino		6,383		7,137
Cawley		8,640		-
Centennial		2,803		2,839
Chaparral		2,693		4,192
Chelsea		3,172		3,299
Chester		2,484		2,732
Chickamauga		8,913		9,478
Chinook		7,469		-
Chitwood		8,162		8,389
Clover		4,659		8,714
Coatbridge		1,558		3,403
Collier		5,332		6,529
Collinston		204		1,430
Conway		4,662		11,733
Cove		1,971		-
Creekside		7,300		8,288
Creekwood		2,349		2,135
Cumberland		6,157		7,251
Cupcake		4,044		4,302
Cypress		2,805		2,953
Daisy		6,421		6,989
Davidson		1,340		1,387
Dawson		1,403		2,302
Delta		434		2,321
Dewberry		1,924		2,382
Diablo		1,225		1,806
Dogwood		4,723		5,577
Dolittle		2,861		3,075
Dolly		3,384		11,092
Dops		5,896		2,647
Dorchester		5,249		6,012

F-357

Series	June 30, 2024		June 30, 2023
Dunbar		3,157		4,449
Eagle		4,835		3,894
Eastfair		2,160		2,881
Eastwood		2,772		-
Elevation		1,470		2,011
Ella		7,078		3,374
Ellen		6,300		-
Elm		1,511		2,053
Emporia		2,256		2,288
Ensenada		1,525		5,087
Falcon		4,571		3,688
Felix		6,630		-
Fenwick		8,057		-
Fletcher		5,602		-
Folly		4,349		5,799
Forest		649		3,733
Foster		10,152		-
Franklin		6,281		-
Gardens		2,229		2,645
General		8,539		-
Goose		4,778		4,327
Grant		3,526		3,723
Greenhill		3,276		3,601
Gretal		8,789		9,416
Grove		1,113		1,634
Hadden		2,695		3,179
Hansard		8,663		3,879
Hansel		2,164		4,274
Hargrave		4,230		-
Harrison		3,895		4,281
Henry		1,413		7,130
Heritage		1,699		1,999
Heron		1,714		2,285
Highland		4,865		5,177
Hines		3,716		5,320
Hobbes		4,177		-
Holcomb		6,049		6,546
Holland		1,101		1,516
Hollandaise		1,462		3,288
Holloway		3,689		4,574
Inglewood		7,629		10,932
Irene		5,880		-
Jack		1,688		3,119
Jake		6,403		10,781
Jefferson		7,976		3,515
Jill		4,103		4,290
Johnny		5,307		9,981
June		4,713		10,641
Jupiter		735		1,680
Kawana		2,818		3,046
Kennesaw		5,194		7,286
Kenny		787		11,108
KerriAnn		728		2,045
Kessler		1,161		1,732
Kingsley		2,688		3,912
Kirkwood		1,612		1,702
Korin		7,877		3,893
Lallie		1,363		3,171
Lanier		1,848		2,970
Lannister		975		1,520
Latte		5,674		6,661
Lennox		2,818		3,390
Lierly		4,255		4,066
Lily		1,611		3,607
Limestone		1,014		4,524
Litton		3,190		4,497
Longwoods		6,844		-
Lookout		5,481		5,805
Loretta		5,749		11,670
Louis		7,032		-

F-358

Series	June 30, 2024		June 30, 2023
Louise		2,276		3,705
Lovejoy		2,420		2,950
Luna		1,041		3,052
Lurleen		3,549		3,995
Madison		1,279		1,905
Mae		7,335		8,263
Magnolia		1,290		1,795
Malbec		3,556		4,963
Mammoth		366		2,342
Marcelo		7,429		7,430
Marie		10,032		4,447
Marietta		1,612		3,663
Marion		5,871		-
Marple		5,491		-
Martell		4,647		-
Mary		7,715		-
Matchingham		3,439		3,110
McGregor		5,137		6,600
McLovin		3,995		4,618
Meadow		2,319		2,303
Mimosa		3,583		3,448
Mojave		3,176		3,425
Murphy		1,135		3,917
Mycroft		5,451		-
Nugget		7,451		10,051
Odessa		2,406		3,282
Olive		2,594		3,686
Oly		2,336		4,587
Onyx		6,341		-
Oscar		6,179		-
Osceola		6,196		-
Osprey		4,433		6,448
Otoro		782		2,557
Palmer		6,526		-
Patrick		1,866		3,053
Peanut		2,030		2,065
Pearl		7,909		11,075
Pecan		4,298		4,169
Peterson		6,967		-
Piedmont		2,783		2,835
Pinot		3,375		5,000
Pioneer		5,016		8,482
Plumtree		4,929		5,005
Point		1,261		3,343
Porthos		8,754		-
Quincy		3,678		8,816
Redondo		2,854		3,383
Regency		5,208		4,114
Reginald		5,362		7,530
Reynolds		7,273		7,865
Ribbonwalk		1,596		2,083
Richardson		6,808		6,636
Richmond		11,285		-
Ridge		2,798		3,120
Ritter		3,770		8,127
River		3,785		4,066
Riverwalk		2,813		8,166
Rooney		1,702		2,499
Roseberry		3,129		3,656
Rosewood		1,557		1,811
Roxy		1,747		2,008
Saddlebred		2,136		2,967
Saint		3,710		3,695
Sajni		8,158		4,204
Salem		3,580		4,526
Salinas		4,376		2,990
Saturn		1,748		1,448
Scepter		1,836		1,743
Sequoyah		858		3,365
Shallowford		1,971		3,898
Shoreline		2,139		3,544

F-359

Series	June 30, 2024		June 30, 2023
Sigma		2,749		3,396
Simon		7,978		-
Sims		6,750		-
Soapstone		3,601		3,601
Sodalis		4,490		5,042
Spencer		3,428		4,425
Splash		4,003		4,249
Spring		5,043		5,463
Stonebriar		975		1,514
Sugar		2,159		2,497
Summerset		828		1,867
Sundance		3,169		3,592
Sunnyside		6,165		3,162
Swift		5,608		7,504
Taylor		2,055		2,071
Terracotta		2,206		3,630
Theodore		7,291		-
Tulip		1,846		2,242
Tuscan		3,685		5,923
Tuscarora		9,144		3,511
Tuxford		952		2,290
Vernon		1,833		2,438
Walton		3,613		4,850
Wave		418		2,118
Weldon		1,470		1,531
Wellington		8,483		8,021
Wentworth		4,049		4,303
Wescott		1,563		2,664
Westchester		4,001		5,069
Wildwood		2,626		2,494
Willow		6,015		6,116
Wilson		7,886		8,485
Winchester		8,167		-
Windsor		4,725		4,957
Winston		7,122		7,243
Wisteria		1,685		2,554
	$	990,663	$	910,997

F-360

NOTE 7: RELATED PARTY TRANSACATIONS

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

Mortgage Payable

The Manager may assign the mortgages related to certain Series to its related parties. These mortgages, including any assignments to related parties, are referenced in Note 5.

Due from (to) Related Party

The 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, 2024, certain Series owed an aggregate of $2,872,933 including the initial funding for the certain properties’ purchases. As of June 30, 2024, certain Series were owed an aggregate of $52,279 from the Manager. These advances are interest-free and do not have defined repayment terms.

Deemed Contributions

During the six months ended June 30, 2024 and 2023, certain Series received deemed contributions from the Manager, amounting to $0 and $36,312, respectively, in exchange for forgiveness of previously due amounts.

F-361

Management Compensation

The following table reflects the total management compensations paid by Series during the six months ended June 30, 2024 and 2023.

June 30, 2024													June 30, 2023
Series	Sourcing fees		Financing and holding fees		Offering expenses		Asset management fee		Reimbursements of acquisition expenses		Property management fee, related party		Series	Sourcing fees		Financing and holding fees		Offering expenses		Asset management fee		Reimbursements of acquisition expenses		Property management fee, related party
100	$	31,980	$	-	$	14,116	$	3,529	$	-	$	984	100	$	31,980	$	-	$	14,116	$	3,529	$	-	$	1,216
101		33,000		-		14,596		3,632		-		1,065	101		33,000		-		14,596		3,632		-		-
Abbington		24,880		-		11,081		2,770		-		818	Abbington		24,880		-		11,081		2,770		-		687
Abernant		7,950		3,970		5,457		682		2,500		170	Amber		16,960		-		2,930		732		-		303
Alvin		11,110		5,550		7,477		953		2,500		638	Apollo		10,540		-		2,147		537		-		223
Amber		16,960		-		2,930		732		-		-	Aster		13,800		-		3,885		765		-		97
Apollo		10,540		-		2,147		537		-		-	Augusta		-		-		-		-		-		-
Aster		13,800		-		3,885		765		-		334	Avebury		15,290		-		3,005		751		-		299
Augusta		10,420		5,740		7,057		894		-		504	Avondale		11,550		6,330		7,784		165		2,500		-
Avebury		15,290		-		3,005		751		-		-	Badminton		14,659		-		2,205		551		-		319
Avondale		11,550		6,330		7,784		990		-		635	Bandelier		17,320		-		2,950		739		-		634
Badminton		14,659		-		2,205		551		-		-	Baron		29,290		-		13,062		3,265		-		970
Ballinger		10,440		5,220		7,046		896		-		302	Basil		12,213		-		1,913		478		-		120
Bandelier		17,320		-		2,950		739		-		600	Bayside		14,620		-		2,460		615		-		335
Baron		29,290		-		13,062		3,265		-		808	Bazzel		13,510		-		5,825		1,456		-		152
Basil		12,213		-		1,913		478		-		-	Bedford		15,620		-		2,463		616		-		367
Bayside		14,620		-		2,460		615		-		-	Bella		-		-		-		-		-		-
Bazzel		13,510		-		5,825		1,456		-		-	Belle		23,090		-		10,082		1,320		-		966
Bedford		15,620		-		2,463		616		-		-	Belvedere		10,320		6,020		6,998		148		2,500		-
Bella		10,670		6,110		7,271		915		-		505	Bergenia		-		-		-		-		-		-
Belle		23,090		-		10,082		1,320		-		265	Blossom		13,570		-		6,135		765		-		266
Belvedere		10,320		6,020		6,998		885		-		642	Bonneau		18,110		-		7,841		1,008		-		652
Bergenia		7,590		4,110		5,178		651		-		358	Brainerd		10,150		5,470		4,163		870		-		402
Blossom		13,570		-		6,135		765		-		212	Braxton		16,840		-		7,603		971		-		384
Bonneau		18,110		-		7,841		1,008		-		634	Brennan		7,870		4,290		2,136		338		-		102
Brainerd		10,150		5,470		4,163		870		-		610	Brooklyn		5,810		3,180		2,519		498		-		164
Braxton		16,840		-		7,603		971		-		454	Burlington		33,830		-		14,881		3,720		-		1,210
Brennan		7,870		4,290		2,136		675		-		-	Butter		18,380		-		3,220		805		-		448
Briarwood		7,340		3,670		5,074		630		-		239	Camino		13,940		-		6,206		795		-		192
Brooklyn		5,810		3,180		2,519		498		-		-	Campbell		-		-		-		-		-		-
Burlington		33,830		-		14,881		3,720		-		1,209	Cawley		-		-		-		-		-		-
Butter		18,380		-		3,220		805		-		-	Centennial		7,506		-		2,366		592		-		152
Calvin		8,220		4,110		5,666		705		-		442	Chaparral		-		-		2,096		524		-		250
Camino		13,940		-		6,206		795		-		-	Chelsea		16,410		-		3,267		817		-		319
Cawley		10,990		6,040		7,422		942		-		580	Chester		13,020		6,520		5,596		1,116		-		642
Centennial		7,506		-		2,366		591		-		-	Chickamauga		13,030		6,640		8,620		1,117		-		464
Chaparral		-		-		2,096		524		-		259	Chinook		-		-		-		-		-		-
Chelsea		16,410		-		3,267		817		-		-	Chitwood		20,230		-		8,843		1,925		-		526
Chester		13,020		6,520		5,596		1,116		-		595	Clover		17,230		-		7,639		1,910		-		303
Chickamauga		13,030		6,640		8,620		1,117		-		621	Coatbridge		15,340		-		2,620		656		-		-
Chinook		10,670		6,110		7,223		915		-		456	Collier		18,770		-		8,218		2,054		-		472
Chitwood		20,230		-		8,843		1,155		-		598	Collinston		12,540		-		2,060		515		-		393
Clover		17,230		-		7,639		1,910		-		-	Conway		35,650		-		15,662		2,055		-		985
Coatbridge		15,340		-		2,620		897		-		-	Cove		7,350		4,170		4,939		105		2,500		260
Collier		18,770		-		8,218		2,054		-		599	Creekside		16,430		-		7,239		1,558		-		518
Collinston		12,540		-		2,060		515		-		-	Creekwood		10,130		5,170		4,360		869		-		158
Conway		35,650		-		15,662		2,055		-		866	Cumberland		15,410		-		6,906		885		-		394
Cove		7,350		4,170		4,939		630		-		-	Cupcake		13,051		-		2,183		546		-		121
Creekside		16,430		-		7,239		935		-		459	Cypress		12,770		6,770		5,527		1,095		-		289
Creekwood		10,130		5,170		4,360		869		-		-	Daisy		15,720		-		7,041		906		-		394
Cumberland		15,410		-		6,906		885		-		394	Davidson		12,540		-		1,850		463		-		54
Cupcake		13,051		-		2,183		546		-		135	Dawson		13,240		-		2,200		550		-		247
Cypress		12,770		6,770		5,527		1,095		-		247	Delta		18,250		-		2,910		727		-		-
Daisy		15,720		-		7,041		906		-		394	Dewberry		11,631		-		1,849		462		-		85
Davidson		12,540		-		1,850		463		-		-	Diablo		16,610		-		2,890		723		-		-
Dawson		13,240		-		2,200		550		-		-	Dogwood		12,680		-		5,612		1,403		-		239
Delta		18,250		-		2,910		727		-		-	Dolittle		16,960		-		2,680		669		-		290
Dewberry		11,631		-		1,849		462		-		-	Dolly		36,210		-		15,885		3,450		-		445
Diablo		16,610		-		2,890		723		-		409	Dops		7,170		4,380		4,813		410		-		223
Dogwood		12,680		-		5,612		1,403		-		-	Dorchester		18,660		-		8,045		2,011		-		517
Dolittle		16,960		-		2,680		669		-		-	Dunbar		16,870		-		7,467		1,867		-		-
Dolly		36,210		-		15,885		2,070		-		823	Eagle		9,450		5,190		3,708		810		-		132
Dops		7,170		4,380		4,813		615		-		-	Eastfair		8,345		-		1,721		430		-		287
Dorchester		18,660		-		8,045		2,011		-		704	Elevation		15,000		-		2,520		629		-		-
Dunbar		16,870		-		7,467		1,867		-		840	Ella		9,100		4,920		6,134		520		2,500		169
Eagle		9,450		5,190		3,708		810		-		116	Ellen		-		-		-		-		-		-
Eastfair		8,345		-		1,721		430		-		-	Elm		10,440		-		1,640		411		-		346
Eastwood		11,130		5,560		7,495		955		-		-	Emporia		18,720		-		3,629		907		-		490
Elevation		15,000		-		2,520		629		-		-	Ensenada		26,050		-		4,640		1,160		-		1,162
Ella		9,100		4,920		6,134		780		-		364	Falcon		9,450		5,190		4,148		810		-		478
Ellen		8,730		4,860		5,956		749		-		749	Felix		-		-		-		-		-		-
Elm		10,440		-		1,640		411		-		-	Fenwick		-		-		-		-		-		-
Emporia		18,720		-		3,629		907		-		-	Folly		16,890		-		7,259		1,815		-		586
Ensenada		26,050		-		4,640		1,160		-		541	Forest		16,420		-		3,260		816		-		-
Falcon		9,450		5,190		4,148		810		-		153	Foster		-		-		-		-		-		-
Felix		8,680		4,550		5,929		744		-		346	Franklin		-		-		-		-		-		-
Fenwick		10,500		5,760		7,104		900		-		815	Gardens		11,770		-		2,327		582		-		250
Fletcher		6,160		3,080		4,312		528		-		355	General		-		-		-		-		-		-
Folly		16,890		-		7,259		1,815		-		596	Goose		8,800		4,960		3,471		755		-		129

F-362

June 30, 2024													June 30, 2023
Series	Sourcing fees		Financing and holding fees		Offering expenses		Asset management fee		Reimbursements of acquisition expenses		Property management fee, related party		Series	Sourcing fees		Financing and holding fees		Offering expenses		Asset management fee		Reimbursements of acquisition expenses		Property management fee, related party
Forest		16,420		-		3,260		816		-		-	Grant		18,230		-		3,285		816		-		359
Foster		10,950		6,200		7,468		939		-		689	Greenhill		17,590		-		2,810		703		-		399
Franklin		10,500		5,910		7,102		900		-		558	Gretal		15,750		7,820		10,465		1,350		-		175
Gardens		11,770		-		2,327		582		-		-	Grove		12,180		-		2,102		526		-		239
General		11,020		6,190		7,497		945		-		1,058	Hadden		12,090		-		2,219		555		-		267
Goose		8,800		4,960		3,471		755		-		136	Hansard		10,590		6,020		7,052		606		-		473
Grant		18,230		-		3,285		816		-		-	Hansel		14,130		6,810		5,342		1,212		-		385
Greenhill		17,590		-		2,810		703		-		-	Harrison		16,100		8,500		6,876		1,380		-		914
Gretal		15,750		7,820		10,465		1,350		-		676	Henry		21,740		-		9,515		2,060		-		124
Grove		12,180		-		2,102		525		-		-	Heritage		15,470		-		3,022		756		-		225
Hadden		12,090		-		2,219		555		-		-	Heron		15,370		-		3,097		774		-		303
Hansard		10,590		6,020		7,052		909		-		594	Highland		15,080		-		6,486		819		-		253
Hansel		14,130		6,810		5,342		1,212		-		403	Hines		13,470		-		5,943		1,483		-		360
Hargrave		8,130		4,060		5,609		698		2,500		195	Holcomb		18,650		-		8,190		2,048		-		107
Harrison		16,100		8,500		6,876		1,380		-		913	Holland		12,540		-		2,070		517		-		184
Henry		21,740		-		9,515		1,236		-		354	Hollandaise		19,100		-		3,292		823		-		576
Heritage		15,470		-		3,022		756		-		201	Holloway		10,418		-		2,957		739		-		368
Heron		15,370		-		3,097		774		-		-	Inglewood		35,280		-		15,628		2,037		-		797
Highland		15,080		-		6,486		819		-		-	Jack		21,820		-		4,354		1,089		-		806
Hines		13,470		-		5,943		1,483		-		298	Jake		30,740		-		13,650		3,382		-		898
Hobbes		8,130		4,060		5,609		698		-		115	Jefferson		9,580		5,470		6,391		548		-		190
Holcomb		18,650		-		8,190		2,048		-		210	Jill		20,890		-		6,027		1,208		-		505
Holland		12,540		-		2,070		517		-		-	Johnny		30,490		-		13,963		3,339		-		1,094
Hollandaise		19,100		-		3,292		823		-		407	June		30,490		-		13,377		3,339		-		1,176
Holloway		10,418		-		2,957		739		-		-	Jupiter		12,780		-		2,110		527		-		243
Inglewood		35,280		-		15,628		2,037		-		943	Kawana		14,850		-		2,994		749		-		136
Irene		6,160		3,080		4,312		528		-		250	Kennesaw		22,290		-		9,804		2,441		-		299
Jack		21,820		-		4,354		1,089		-		714	Kenny		36,210		-		15,885		3,450		-		802
Jake		30,740		-		13,650		3,382		-		971	KerriAnn		16,940		-		2,930		732		-		303
Jefferson		9,580		5,470		6,391		821		-		568	Kessler		8,990		4,580		3,894		771		-		346
Jill		20,890		-		6,027		1,208		-		580	Kingsley		9,753		-		2,537		634		-		424
Johnny		30,490		-		13,963		3,339		-		988	Kirkwood		13,690		-		2,761		690		-		346
June		30,490		-		13,377		3,339		-		1,174	Korin		9,760		6,160		6,491		558		-		388
Jupiter		12,780		-		2,110		527		-		-	Lallie		20,016		-		3,395		849		-		405
Kawana		14,850		-		2,994		749		-		-	Lanier		19,790		-		3,361		840		-		367
Kennesaw		22,290		-		9,804		2,441		-		382	Lannister		9,560		-		2,067		517		-		308
Kenny		36,210		-		15,885		2,070		-		309	Latte		19,180		-		8,352		2,087		-		273
KerriAnn		16,940		-		2,930		732		-		-	Lennox		12,780		-		2,120		530		-		271
Kessler		8,990		4,580		3,894		771		-		277	Lierly		-		-		1,891		473		-		12
Kingsley		9,753		-		2,537		634		-		-	Lily		24,250		-		4,880		1,219		-		813
Kirkwood		13,690		-		2,761		690		-		346	Limestone		14,090		-		2,770		692		-		220
Korin		9,760		6,160		6,491		837		-		506	Litton		11,200		6,050		4,616		960		-		466
Lallie		20,016		-		3,395		849		-		-	Longwoods		-		-		-		-		-		-
Lanier		19,790		-		3,361		840		-		-	Lookout		17,880		-		7,984		1,996		-		668
Lannister		9,560		-		2,067		517		-		-	Loretta		35,650		-		15,662		2,055		-		993
Latte		19,180		-		8,352		2,087		-		-	Louis		-		-		-		-		-		-
Lennox		12,780		-		2,120		530		-		-	Louise		14,790		-		2,748		662		-		311
Lierly		-		-		1,891		473		-		171	Lovejoy		15,760		-		3,050		763		-		160
Lily		24,250		-		4,880		1,219		-		672	Luna		12,795		-		1,814		454		-		280
Limestone		14,090		-		2,770		692		-		-	Lurleen		7,700		4,960		3,304		550		-		343
Litton		11,200		6,050		4,616		960		-		686	Madison		11,320		-		2,934		734		-		152
Longwoods		9,450		5,340		6,428		810		-		507	Mae		12,370		6,510		8,266		1,061		-		191
Lookout		17,880		-		7,984		1,996		-		418	Magnolia		13,430		-		2,708		677		-		194
Loretta		35,650		-		15,662		2,055		-		1,115	Malbec		8,071		-		2,757		689		-		-
Louis		9,460		5,070		6,484		811		-		490	Mammoth		17,830		-		2,977		744		-		688
Louise		14,790		-		2,748		662		-		-	Marcelo		15,010		-		6,762		855		-		223
Lovejoy		15,760		-		3,050		763		-		-	Marie		11,140		6,460		7,412		159		-		402
Luna		12,795		-		1,814		454		-		-	Marietta		16,680		-		4,596		913		-		168
Lurleen		7,700		4,960		3,304		660		-		-	Marion		-		-		-		-		-		-
Madison		11,320		-		2,934		734		-		-	Marple		6,160		3,590		4,260		88		2,500		-
Mae		12,370		6,510		8,266		1,061		-		-	Martell		9,100		5,260		6,203		130		2,500		-
Magnolia		13,430		-		2,708		677		-		159	Mary		-		-		-		-		-		-
Malbec		8,071		-		2,757		689		-		138	Matchingham		12,530		-		1,900		476		-		337
Mammoth		17,830		-		2,977		744		-		-	McGregor		15,940		-		7,075		1,769		-		490
Marcelo		15,010		-		6,762		855		-		406	McLovin		24,640		-		4,400		1,100		-		1,046
Marie		11,140		6,460		7,412		1,433		-		744	Meadow		15,260		-		3,180		795		-		138
Marietta		16,680		-		4,596		913		-		-	Mimosa		7,520		4,090		3,353		645		-		193
Marion		8,920		5,060		6,088		765		-		371	Mojave		13,770		-		2,320		580		-		103
Marple		6,160		3,590		4,260		528		-		290	Murphy		16,580		-		2,610		653		-		367
Martell		9,100		5,260		6,203		780		-		322	Mycroft		6,300		3,630		4,346		90		2,500		-
Mary		9,490		5,300		6,352		814		-		570	Nugget		29,050		-		12,782		3,196		-		950
Matchingham		12,530		-		1,900		476		-		-	Odessa		25,000		-		4,410		1,102		-		698
McGregor		15,940		-		7,075		2,574		-		408	Olive		13,480		-		2,750		687		-		348
McLovin		24,640		-		4,400		1,100		-		1,011	Oly		24,650		-		4,380		1,096		-		501
Meadow		15,260		-		3,180		795		-		-	Onyx		-		-		-		-		-		-
Mimosa		7,520		4,090		6,863		645		-		-	Oscar		-		-		-		-		-		-
Mojave		13,770		-		2,320		580		-		262	Osceola		-		-		-		-		-		-
Murphy		16,580		-		2,610		653		-		-	Osprey		18,700		-		8,110		2,023		-		367
Mycroft		6,300		3,630		4,346		540		-		262	Otoro		21,320		-		4,084		1,021		-		-
Nugget		29,050		-		12,782		3,196		-		938	Palmer		-		-		-		-		-		-

F-363

June 30, 2024													June 30, 2023
Series	Sourcing fees		Financing and holding fees		Offering expenses		Asset management fee		Reimbursements of acquisition expenses		Property management fee, related party		Series	Sourcing fees		Financing and holding fees		Offering expenses		Asset management fee		Reimbursements of acquisition expenses		Property management fee, related party
Odessa		25,000		-		4,410		1,102		-		904	Patrick		-		-		2,278		565		-		107
Olive		13,480		-		2,750		687		-		-	Peanut		11,400		-		2,266		567		-		113
Oly		24,650		-		4,380		1,096		-		816	Pearl		28,350		-		12,514		3,129		-		472
Onyx		11,370		6,280		7,698		975		-		234	Pecan		-		-		2,138		534		-		-
Oscar		8,750		4,570		5,974		750		-		181	Piedmont		13,470		6,790		5,791		1,155		-		682
Osceola		9,800		5,430		6,700		840		-		170	Pinot		8,126		-		2,785		696		-		176
Osprey		18,700		-		8,110		2,023		-		-	Pioneer		29,930		-		13,116		3,279		-		726
Otoro		21,320		-		4,084		1,021		-		-	Plumtree		-		-		2,178		544		-		312
Palmer		10,250		5,550		6,944		879		-		375	Point		20,140		-		3,401		850		-		795
Patrick		-		-		2,278		565		-		193	Porthos		-		-		-		-		-		-
Peanut		11,400		-		2,266		567		-		-	Quincy		28,550		-		12,601		1,650		-		541
Pearl		28,350		-		12,514		3,129		-		800	Redondo		11,020		6,010		4,753		945		-		600
Pecan		-		-		2,138		534		-		98	Regency		9,620		6,420		4,023		550		-		548
Peterson		7,900		3,950		5,424		677		-		346	Reginald		23,070		-		10,077		1,305		-		877
Piedmont		13,470		6,790		5,791		1,155		-		630	Reynolds		22,500		-		9,874		2,464		-		299
Pinot		8,126		-		2,785		696		-		324	Ribbonwalk		17,700		-		2,780		695		-		-
Pioneer		29,930		-		13,116		3,279		-		781	Richardson		16,460		-		7,376		945		-		252
Plumtree		-		-		2,178		544		-		105	Ridge		12,810		-		2,110		527		-		319
Point		20,140		-		3,401		850		-		170	Ritter		26,550		-		11,616		2,904		-		298
Porthos		10,570		6,080		7,156		906		-		647	River		15,090		-		2,550		638		-		341
Quincy		28,550		-		12,601		1,650		-		896	Riverwalk		20,840		-		9,144		2,286		-		538
Redondo		11,020		6,010		4,753		945		-		600	Rooney		18,160		-		3,130		782		-		586
Regency		9,620		6,420		4,023		825		-		557	Roseberry		14,669		-		2,928		732		-		-
Reginald		23,070		-		10,077		1,305		-		1,051	Rosewood		14,600		-		2,908		727		-		355
Reynolds		22,500		-		9,874		2,464		-		250	Roxy		17,150		-		2,873		718		-		538
Ribbonwalk		17,700		-		2,780		695		-		-	Saddlebred		22,540		-		3,970		992		-		538
Richardson		16,460		-		7,376		945		-		403	Saint		16,830		-		2,958		740		-		406
Richmond		13,290		6,640		8,962		1,140		2,500		850	Sajni		10,500		6,020		7,007		600		2,500		396
Ridge		12,810		-		2,110		527		-		-	Salem		8,071		-		2,676		669		-		-
Ritter		26,550		-		11,616		2,904		-		441	Salinas		8,050		4,490		5,436		460		2,500		205
River		15,090		-		2,550		638		-		-	Saturn		12,780		-		2,110		527		-		135
Riverwalk		20,840		-		9,144		2,286		-		557	Scepter		15,350		-		2,360		589		-		386
Rooney		18,160		-		3,130		782		-		428	Sequoyah		8,680		4,810		3,621		744		-		188
Roseberry		14,669		-		2,928		732		-		-	Shallowford		12,670		6,590		5,479		1,086		-		660
Rosewood		14,600		-		2,908		727		-		-	Shoreline		9,921		-		2,498		625		-		623
Roxy		17,150		-		2,873		718		-		538	Sigma		18,780		-		3,280		820		-		371
Saddlebred		22,540		-		3,970		992		-		769	Simon		-		-		-		-		-		-
Saint		16,830		-		2,958		740		-		593	Sims		9,550		5,370		6,493		136		2,500		-
Sajni		10,500		6,020		7,007		900		-		750	Soapstone		-		-		2,000		500		-		99
Salem		8,071		-		2,676		669		-		315	Sodalis		15,480		-		6,740		1,450		-		319
Salinas		8,050		4,490		5,436		690		-		406	Spencer		16,755		-		2,775		694		-		442
Saturn		12,780		-		2,110		527		-		-	Splash		6,315		-		2,238		560		-		216
Scepter		15,350		-		2,360		589		-		374	Spring		13,320		-		5,769		744		-		271
Sequoyah		8,680		4,810		3,621		744		-		121	Stonebriar		10,850		-		2,182		545		-		56
Shallowford		12,670		6,590		5,479		1,086		-		463	Sugar		14,870		-		2,940		735		-		287
Shoreline		9,921		-		2,498		624		-		-	Summerset		14,659		-		2,377		594		-		-
Sigma		18,780		-		3,280		820		-		-	Sundance		11,020		6,010		4,753		945		-		399
Simon		10,110		5,650		6,838		867		-		530	Sunnyside		7,900		4,140		5,271		452		-		564
Sims		9,550		5,370		6,493		819		-		334	Swift		18,520		-		7,913		1,978		-		275
Soapstone		-		-		2,000		500		-		225	Taylor		12,260		-		3,577		690		-		11
Sodalis		15,480		-		6,740		870		-		329	Terracotta		16,990		-		2,796		699		-		411
Spencer		16,755		-		2,775		694		-		-	Theodore		-		-		-		-		-		-
Splash		6,315		-		2,238		560		-		105	Tulip		16,950		-		3,328		832		-		-
Spring		13,320		-		5,769		744		-		-	Tuscan		8,071		-		3,310		828		-		-
Stonebriar		10,850		-		2,182		545		-		218	Tuscarora		11,750		6,470		7,802		672		-		371
Sugar		14,870		-		2,940		735		-		-	Tuxford		14,220		-		2,750		688		-		303
Summerset		14,659		-		2,377		594		-		-	Vernon		14,890		-		2,330		581		-		303
Sundance		11,020		6,010		4,753		945		-		658	Walton		15,910		-		6,940		1,735		-		159
Sunnyside		7,900		4,140		5,271		677		-		224	Wave		17,890		-		2,867		717		-		-
Swift		18,520		-		7,913		1,978		-		261	Weldon		12,540		-		2,060		515		-		231
Taylor		12,260		-		3,577		690		-		-	Wellington		21,320		-		9,438		1,215		-		287
Terracotta		16,990		-		2,796		699		-		456	Wentworth		13,407		-		2,251		563		-		-
Theodore		10,030		5,620		6,784		860		-		402	Wescott		14,540		-		4,033		1,008		-		442
Tulip		16,950		-		3,328		832		-		-	Westchester		16,030		-		3,640		911		-		503
Tuscan		8,071		-		3,310		828		-		115	Wildwood		11,830		-		3,008		752		-		624
Tuscarora		11,750		6,470		7,802		1,008		-		636	Willow		15,320		-		6,819		879		-		422
Tuxford		14,220		-		2,750		688		-		-	Wilson		20,150		-		8,991		1,155		-		648
Vernon		14,890		-		2,330		581		-		-	Windsor		15,584		-		3,144		786		-		1,205
Walton		15,910		-		6,940		1,735		-		398	Winston		17,050		-		7,635		987		-		59
Wave		17,890		-		2,867		717		-		-	Wisteria		16,180		-		2,611		653		-		2
Weldon		12,540		-		2,060		515		-		-		$	3,199,826	$	228,230	$	1,075,539	$	215,284	$	25,000	$	73,469
Wellington		21,320		-		9,438		1,215		-		232
Wentworth		13,407		-		2,251		563		-		245
Wescott		14,540		-		4,033		1,008		-		298
Westchester		16,030		-		3,640		911		-		-
Wildwood		11,830		-		3,008		752		-		406
Willow		15,320		-		6,819		879		-		368
Wilson		20,150		-		8,991		1,155		-		538
Winchester		9,270		4,630		6,310		795		-		394
Windsor		15,584		-		3,144		786		-		-
Winston		17,050		-		7,635		987		-		-
Wisteria		16,180		-		2,611		653		-		-
	$	3,533,976	$	407,340	$	1,306,455	$	248,144	$	10,000	$	74,693

F-364

NOTE 8: SUBSEQUENT EVENTS

Following June 30, 2024, the following Series’ mortgages were transferred from Arrived Holdings, Inc. to Arrived Short Term Notes, LLC, an affiliate of the Manager and Arrived Holdings, Inc. No changes to the terms and conditions of such mortgages were made as a result of the transfers and the transfers have no impact on the Series' obligations under the original loan agreement.

Arrived Homes Series Brainerd, initially held by Arrived Holdings, Inc., with a loan amount of $145,000 and an interest rate of 5.950%.

Arrived Homes Series Mimosa, initially held by Arrived Holdings, Inc., with a loan amount of $107,500 and an interest rate of 6.625%.

Arrived Homes Series Redondo, initially held by Arrived Holdings, Inc., with a loan amount of $157,500 and an interest rate of 6.625%.

Arrived Homes Series Sundance, initially held by Arrived Holdings, Inc., with a loan amount of $157,500 and an interest rate of 6.625%.

Following June 30, 2024, the Manager has no intention of seeking qualification for offerings on the below series and intends to sell the series properties to an affiliated entity:

Arrived Homes Series Bellvue, located at 6138 1st Street, Greeley, CO, with a contract date of January 11, 2024, and a close date of February 7, 2024.

Arrived Homes Series Hualapai, located at 3832 E. Suffock Avenue, Kingman, AZ, with a contract date of January 11, 2024, and a close date of February 7, 2024.

Arrived Homes Series Arlo, LLC, located at 7335 Wilburton Lane, Northport, AL, with a contract date of December 22, 2023, and a close date of February 14, 2024.

Arrived Homes Series Brentwood, located at 314 Macer Ave, Bowling Green, KY, with a contract date of December 6, 2023, and a close date of February 16, 2024.

Arrived Homes Series Lexie, located at 8410 Lexie Lane, Ooltewah, TN, with a contract date of January 26, 2024, and a close date of February 28, 2024.

Arrived Homes Series Hartsfield, located at 12605 Hartsfield Lane, Knoxville, TN, with a contract date of February 9, 2024, and a close date of March 6, 2024.

Arrived Homes Series Lorenz, located at 9936 Brawley Lane, Charlotte, NC, with a contract date of February 8, 2024, and a close date of March 13, 2024.

F-365

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

24

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

25

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

26

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

27

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

28

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

29

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

30

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

31

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

32

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

33

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

34

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

35

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

36

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

37

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

38

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

39

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

40

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.

41

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

42

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

43

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

44

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

45

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

46

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
6.269*	Form of Property Management Agreement dated [*], between Mynd Property Management and Arrived Homes Series [*], a series of Arrived Homes, LLC
6.270*	Purchase and Sale Agreement dated January 2, 2024 between Arrived Holdings, Inc./Assignee and Seller for Series Arlo Property
6.270.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Arlo dated February 5, 2024 for Series Arlo Property
6.271*	Purchase and Sale Agreement dated January 12, 2024 between Arrived Holdings, Inc./Assignee and Seller for Series Bellvue Property
6.271.1*	Assignment of Contract from Arrived Holdings, Inc. to Arrived Homes Series Bellvue dated January 30, 2024 for Series Bellvue Property
6.272*	Purchase and Sale Agreement dated January 11, 2024 between Arrived Holdings, Inc./Assignee and Seller for Series Hualapai Property

* Previously Filed

47

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 September 30, 2024

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.	September 30, 2024
Ryan Frazier		(principal executive officer) Chief Executive Officer and Director of Arrived Homes, LLC
/s/ Sue Korn		Principal Financial and	September 30, 2024
Sue Korn		Accounting Officer of Arrived Holdings, Inc. Principal Financial and Accounting Officer of Arrived Homes, LLC
Arrived Holdings, Inc.		Managing Member	September 30, 2024
By:	/s/ Ryan Frazier
Name:	Ryan Frazier
Title:	Chief Executive Officer

48