Hi - Getting very close to completing my new build construction and had 2 questions around De Minimus Safe Harbor rules/accounting1)  For appliances that I purchase BEFORE official "available to rent" date.

We have a mixed bag of federally subsidized, as well as non-federally subsidized rent assistance programs, many which abide by rent assistance Housing Quality Standards requirements.For Housing Quality Standards, screens are not actually required...if they are present, though, they must be in good condition so as to not posed a cutting hazard or other health and safety riskHope that helps

Purchase price: $305,000 Officially closed on my 2nd property.

Purchase price: $305,000 Officially closed on my 2nd property.

You, of course need to have a written agreement with them before selling the LLC to them and you will need to officially transfer ownership of the LLC to them using the legal means mandated by your state laws (check with a local RE attorney).This strategy is better than a double close because it's less risky and better than assigning contracts because offers are often made under LLC's so will be accepted more often than offers that stipulate assignment of contract.If you are already under contract under your own name or under the name of an LLC you do not wish to sell (like your company LLC), and your contract is not assignable, then you may be stuck with a double close.

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The inspectors generally just want the unit to be safe, and meet health codes - stuff most landlords are doing anyways.I would recommend leveraging a good property management company who is clear on how to work with the housing agencies.   

The health care traveler market has fallen off and more people are getting into it.

Hi Trent,I suggest you and the family member meet with a lawyer and make it official.

Wyoming doesn’t list LLC members on any official docs.