In my area, they actually require a little more than the local municipality and lately have been especially strict on cracked paint because they were recently sued and lost.

And how do you determine your company's returns on these types of projects? 

I have a friend here who has about 140 houses right now, who I was discussing return on equity with.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

When filing the LLC return, it is important to ensure that these liabilities are accurately reflected on the balance sheet.However, it's essential to note that distributing the refinance proceeds among LLC members could potentially be viewed as a taxable event if there is no intent to repay these amounts to the LLC.

And if you go under contract as an individual, can you then JV with another investor or is it too late?

Meaning, the bank wants to see that a property cash flows for typically one to two years of tax returns before they count it as income. 

Not sure of very many places you can get that kind of return on a $1,000 investment.So, let's see...initial output of $1,000 ROI of $11,000...isn't that 1,000%?!

STRs can bring great returns but are higher risk and more hands-on, like small-cap stocks, while long-term rentals are stable and predictable, like large-cap investments.

And how did you figure out your returns ahead of time on this type of deal?