The reality is that the FMR can change, and passing inspections can impact your rental timeline.

It baffles me because locals are soo used to this wonderful city right beneath them that they pass up on opportunities!

@Adolphus Fletcher For multifamily investing, most real estate investors typically use an LLC for several reasons:Liability Protection: LLCs protect your personal assets from lawsuits or debts associated with the property.Pass-Through Taxation: Income and losses from an LLC pass through to your personal tax return, avoiding double taxation seen in C-Corps.Flexibility: LLCs allow for flexible management structures and are easier to maintain than corporations.Anonymity: In some states, LLCs can offer a degree of anonymity if you use a registered agent and form the LLC in a state that doesn’t require public disclosure of members, such as Delaware or Wyoming.S-Corps are should be avoided for real estate investing because of various reasons.

Prior to the tenants moving in I had a modified risk reduction completed and the house passed the lead inspection. 

I try to pass that onto my tenants, but most are struggling with their rent as is since inflation/cost of living over the past few years have wiped them out.

Is it legal for me to pass on the fine to my tenant?

That’s why things changed dramatically when new laws were passed in 2022.

We passed final inspections and have our Certificate of Occupancy.

@Geoff Prickett In your Las Vegas condotel syndication, a multi-member LLC taxed as a partnership is generally better than an S-Corp for flexibility and pass-through taxation.

If you're open to it, I'd love to share more about what we're seeing here.Just thought I'd pass along some insights.Pat & JasperTurning investment visions into REALITY in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC