HOA violations are only grounds for evictions if you your lease requires them to meet HOA regulations, you have properly notified them of the violation, and they have neglected to resolve the issue.

Proper documentation and consistent reporting are crucial to ensure compliance with IRS requirements.

If it is for liability protection, keep in mind to actually limit your liability means that any loans and insurance for the property need to properly be in the name of the LLC and not your personally.

There are various other items that may come up such as: Proper firewall suppression, adequate entrances/exits for fire safety, stair safety, size of kitchen appliances, etc... for my specific example. 

Use project management software to track progress and ensure all team members are aligned.

As always, shop around and compare terms to ensure you’re getting the best deal.

The trustee, borrower or bank can ensure you get your hand slapped hard for approaching the circumstance as a work-out or foreclosure fix it guy without a license or being an attorney.Let's say that we can approach the owner and be in compliance, which you can.You will not purchase a note as an individual investor from a bank that has started foreclosure by making an offer like that.You get a request from the borrower for the bank to sell the note in lieu of payoff as demanded.

I own 12-doors in Detroit proper.

I almost feel like no taxes now for 5 years and then capital gains tax at the end of 5 years is too good to be true, especially on a note fund.I will discuss with my tax team to ensure this is correct and to get a better understanding of how this specifically affects my situation (with other passive income/losses, etc.).

This separation allows you to manage risks more effectively, ensuring your personal credit isn’t impacted by the ups and downs of your real estate ventures.Building business credit is more straightforward than most people think.