Balance Sheet is a snapshot of the company's financial health at a specific point in time.Income Statement is a showing us the health on an operating POV.

This log should include:•The date of activity•The property worked on•Specific activities performedExamples of activities that typically count include approving tenants, setting lease terms, handling repairs, and other hands-on operational tasks directly related to managing the property.

If it's a layered LLC, most lenders will need to trace a warm body on the operating agreement which will involve a bit more paperwork trail.

NYC is a very tough place to use a real estate license because it doesn't operate like other markets.

That's how I see how these different businesses operate, by what type of properties they're advertising.Good luck on the exam, and good luck in your search!

Also hoping to get someone to review the operating agreements to make sure our ducks are in a row.

Only two electrically operated items may be plugged in to any electrical receptacle.

Let them know that there will be routine quality control checks/inspections so that if your third party inspector finds any issues with quality, the GC will be responsible for paying for the correction.These are just some theories that I think will help and plan to implement when I operate out of state flips.

Quote from @Travis Biziorek: I own and operate a STR in Detroit and this is the first I'm hearing of this regulation.I'm not convinced it exists.

Quote from @Jaycee Greene: Hey @Daniel Stegelman, how much are your operating expenses?