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Updated almost 4 years ago on . Most recent reply
First Rental Property under Contract - Section 8 Tenant in place
Hi BP Investors, I signed a contract for my very fist rental property - A Condo in Tampa Bay, Florida. A Section 8 Tenant in place with 70% rent paid by Tenant and 30% paid by Housing Authority (from section 8). I have the following questions
1. This is a Cash offer. I plan to purchase this under LLC (SMLLC) name. Question is should I transfer all the Cash to LLC's Bank account and have LLC pay for the Property?
2. I dont see Renter's Insurance on the Lease Agreement. How do I proceed with requesting Tenant to get one ?
3. Is there any good article on how to inspect Condo DIY style?
Thanks in Advance!