•Entities created or registered on or after January 1, 2024: Must submit their BOI within 30 days of their creation or registration.Penalties for Non-Compliance:Failure to file the BOI as required can result in significant penalties, including:•Civil penalties: Fines of up to $500 per day for each day the violation continues.

The penalty is $500 a day fine and two years in jail. 

Tim Gordon  I had a client in MS.. that got fined for this.. as well. he had big website selling turn key and taking fees on the HUD...

Just make sure you manage expectations and it can work out just fine.  

@Bill HamptonI hired a guy off BP for accounting and it was an absolute nightmare.Would HR block be fine for me currently with only 1 STR?

We then said that was fine, and they ghosted any further follow-ups, wasting roughly two weeks.

The sales contract matters because many sales contracts state that the seller is required to disclose to you any notices affecting the property that might include a special assessment, municipal fine, or in this case money owed to the HOA.

I think managing at a distance is fine, as long as you can get to the property once a month to check on it.  

I knew about the DBA method which seems to work fine, but this would probably make it much easier for the banks not to push back when they're unfamiliar (which almost all personal bankers seem to be like you mentioned).

@Nina PenuelaOne of the things we have seen, specifically in Ohio and Indiana is local building authorities target out of street owners with ridiculous fines and make life miserable.Had one where the porch light was out and charged a $50 fine.Another one claimed grass was not cut because it rained for 1+ week and did a $400 fine.