Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.

Seems like a hassle to remove cameras from inside every time a guest is coming.Outdoor cameras are good for near the front door but otherwise keep them out of areas people will gather or near pools/hottubs.I have the Eufy cameras (solar) near the door and Schlage Connect Z Wave locks.

They liked my offer and the rapport I built with them and decided they wanted to sell to me even though another offer was higher.

Plus, I like to ensure that the owner has reserves for his property.

Has anyone have any experience acquiring multifamily property using a SBA loan like to get your thoughts?

I like Dundalk because of it's location (easy to get south and 20 minutes away from shopping areas.Any advice on this area?

@Tonya English @Chad Runken VIP member here as well,  coming into month 4.. sounds like we are seeing similar results.

Hey @Grant Woodward, you can never be too cautious when it comes to guest safety like @Lauren Kormylo said.There are dozens of things at your STR that could cause an injury or worse so making sure all the ducks are in a row and quackin' in unison is one of the most important things you can do.Like @John Underwood said, make sure you have a rock solid insurance policy that covers the pool and adjoining areas.

What I like about multifamily is the splitting of costs.

You are more likely to be struck by lightning twice.