Federally backed mortgages cannot be called due on sale if it is a transfer to an entity with the same beneficial owners provided that the insurance is properly updated.But this naturally begs the question - if you're adequately insured, which means letting the insurance company know about the entity, that you're operating the property as a rental so appropriate liability limits are written WHY both messing around with the LLC at all?

I can confirm that this description hits the nail right on the head.My Technical Expert traits have been fundamental in allowing us to steer Rentwell through the unpredictable nature of our business.

Hey @Tyler Todhunter,I too was an avid Mint user and because of the nature of my business needed to find a Mint replacement for not only myself but for clients. 

Nature can be a great asset, resist wholesale clear cutting!

In conclusion, the parallels between the financial challenges of 2007-2012 and the current market conditions of 2024 serve as a powerful reminder of the cyclical nature of our industry.

My plan is to steadily acquire smaller multifamily properties and eventually roll them into larger multifamily deals, which is a natural fit, given my professional background.

To protect the purchaser of the wrap-around mortgage, Texas Senate HB 43:provides for wrap payments to be held in a constructive trust by the seller for the benefit of the buyerestablishes that anyone collecting or receiving a payment from a wrap borrower in connection to a wrap mortgage owes a fiduciary duty to the borrower for the paymentsdiscloses the nature and risks of wrap transactions to buyers and offer consumers the right to rescind transaction/agreement when disclosures are not made timelydefines “wrap mortgage loans” as a residential mortgage loan:made to finance the purchase of residential real estate that will continue to be subject to an unreleased lien that attached to the property before the loan was madesecures debt incurred by a person other than the wrap borrower that was not paid off at the time the loan was madeobligates the wrap borrower to the wrap lender for payment of debt, the principal amount of which includes the outstanding balance of the debt and any remaining amount of the purchase price financed by the wrap lenderclarifies that a wrap mortgage loan may only be closed by an attorney or title companyprevents “house flippers” from registering as financial service providersprohibits a person from making wrap mortgage loans unless the person is licensed or registered to originate or make residential mortgage loansThe new law goes into effect on January 1, 2022.

I am naturally an introvert and so this community has helped me come out of my shell.

These regulations dictate the impact of a property on the environment and can have significant implications for property owners and investors.Environmental regulations can include requirements for the management of hazardous materials, restrictions on the use of certain types of land, and requirements for the protection of natural resources.

Here are the specifics on the unit:Large Hangar For Sale $197,500 Hangar Size: 4,125 SF (55' x 75'), Construction: Steel hangar fully insulated with efficient natural gas heat.Lot Size: 0.19 Acre (8,125 SF) of leased landZoning: AIRPORT-L, M1-L,OSPR-L, PF-L23 years remaining on land lease.Hangar has an office, shower, gas heatSingle lift hydraulic 53' x 18' door200 amp service