A LOT of distrress is leading to mergers and firings, in just the last few weeks, this happened: (Big credit to @NewsLambert)Lower to acquire Universal Lending retail and wholesale operations (11/1/23)Trustar Mortgage acquired by Archer Mortgage, LLC (11/1/23)People’s Bank of Commerce to exit residential mortgage lending (10/27/23)BMO Bank cutting 228 jobs in Northern California (10/25/23)Homestar Financial to wind down operations (10/25/23)City National Bank layoffs in Los Angeles total 71 (10/23/23)Hometown Lenders layoffs (10/12/23)First Savings Bank to lay off 135 mortgage workers (10/4/23)Wesley Mortgage absorbs competitor Colten Mortgage (10/4/23)Cenlar to lay off 85 in Ewing, NJ (10/2/23)Rithm Capital to acquire Computershare Mortgage Services Inc. (10/2/23)Wells Fargo cut 525 jobs in South Carolina (9/28/23)Better Mortgage lays off additional employees (9/22/23)The Graystone Company has acquired Direct Mortgage (9/13/23)Flyhomes to purchase certain assets of Home Sale Assured (9/13/23)Divvy Homes to cut 95 jobs in San Francisco (9/11/23)Farmers-Merchants Bank to sell three branches to focus on core mortgage business (9/11/23)It goes on…..The mortgage industry is in a starkly deep recession.And RIP refinances, unless you are holding an even higher interest rate loan (like a construction/bridge loan or hard money, or perhaps you just fixed your credit.

Typically, $100,000 is sufficient and will cover 99% of all claims.

So, typically a landlord will want to pay those directly and either bake the cost into the rent or bill a tenant back if the bill is based on usage like a water bill.

Here's a quick link for your access to everything planned via local government: https://www.fayettevillenc.gov/city-services/development-ser...As I drive through Fayetteville daily, I continue to see more and more local infrastructure improvements.

An example is a retail/service center I currently own with a couple of other investors.  

Same loan terms as mentioned earlier but new company name (ACCESS FUNDING SERVICES) and new "lead person" (Ashley Westwood).

You would factor in the depreciable basis of the property(Purchase price + Improvements) at the time that the property is placed into service which is after the 3 year rehab was done.

Josh,Typically when you set up your LLC you need to establish your EIN Tax ID and open up a Business checking account. 

There is a huge need for good rentals and so many ways to provide that service. 

Spend more time then anyone else doing all substantial services.