Its tough to know if they have these three when you are starting out.

To qualify as an RE Pro you must:1.

Yes and make sure to include the 6% state hotel tax too if you want to do everything above board!

For anyone who may have insight, I am curious if there are benefits that outweigh disadvantages or vise versa to obtaining an LLC when specializing in Wholesale.

Yep it really comes down to risk you want to take on.

The rents total $1,100+ monthly.

We have a property that a number of months ago we had a plumber that had to clean out the sewage drain lines and he took a video and pictures and the line was plugged with what looked to be industrial strength shop wipes/paper towels, tampons, rags,  ect…We got contacted by the property manager that the line was stopped up again.

Keep up the great work and we are all excited to see how you scale over time.

Here’s some input to help you think through it:1.

Hello BP community,I have given termination of lease to end this month to a Sec 8 tenant who violated the lease with subleasing, damage, and failure to cure and repair damages est. $35,000.