Very brief summary of article: CTA has a issued a nationwide Stay on the January 1, 2025 deadline for beneficial ownership reporting to the (Federal) Financial Crimes Enforcement Network (FinCEN).

For your first deal, it might be beneficial to try doing some of the simple work yourself so you know what goes into it.

You have three choices...transfer the property and keep the loan in tact hoping they won't trigger due on sale, refinance into a loan that allows it, or simply leave things as they are. 

It's always a personal choice everyone has a different perspective.   

You may want to consider a similar approach.While having an experienced PM and knowledge is beneficial for you, it means very little to a broker or seller. 

I'm able to review the reports provided and help my clients make the best choices depending on what they're doing.

The house will need a new fence soon, so I'll have to factor that into the scenario.I'm not sure which choice is the best option for me.

That is in addition to clauses that require anyone that stays more than 7 nights in 12-months to apply (then it becomes our choice if they are treated as a temporary occupant or tenant) and prohibition of subleasing.

There are situations where it is more beneficial to end the current lease and start a new one (ability to change lease terms, rent amount etc), and there are situations where it makes more sense to just do an addendum.

The water heater and furnaces are all in the basement so it looks like I don't have much choice.