The wholesaler created new terms with the tenants and the wholesaler plans to hold it so that the new loan gets seasoned, before selling the note.I opted not to get involved and have started my knowledge building into private lending.

Any suggestions I appreciate in advance.Worst case, I'll just create something for him and walk him through things as he goes, but I'm thinking, why not document it for us both (no plans to publish or anything though)!

You might have a good reason to create one, but it's almost never for tax reasons."

I do have folks that don't book because of that.That is a good thing as not understanding the distance to get places will create bad blood and cause those 2 and 3 star reviews which no one wants to see.Like @John Underwood, our place isn't cheap so we don't get the folks that destroy places.The bottom line is that you are renting out an expensive asset to strangers for 3-10 days or whatever.

Hi @Erin Colbert,The law requires owner-occupancy of either the newly created JADU, or the single-family residence.

If you want to avoid partnerships, bring them as lending partners vs equity partners.This post does not create a CPA-Client relationship.

Check out FilePlace, where user-created forms are available for free.

I'm also working on upgrades for THE MTR Connect - better scheduling, automations, guest speakers, social media - all to help promote the collaborative and supportive space my colleague @Jamie Banks and I have created.

The pros of not using an agent are you save a few grand the cons are who is going to be negotiating and creating the offer and purchase and sale agreement.

Hi BiggerPockets Community,I’m Alex Banegas, an ambitious multi-family investor passionate about creating wealth through real estate.