With a "real" cost segregation study, it is signed by a licensed engineer who absolutely is a "qualified individual."

In Arizona, for example, STR owners generally aren't required to have a liquor license if they're providing a bottle of wine as a "gift," as long as you're not selling it or charging for it.

I did get a building there that is zoned for rental, and you have to get both a State License and a City License to rent property there.

A few of the DSCR investors we work with require the owner have landlord/property management experience OR that a licensed PM is in place to manage the property.

I am not an engineer, so please consult with an engineer or licensed GC in your area before proceeding, but this should be a fairly minor change that should be completed in under 1 day.

The property is 1 of only 4 licensed lodging houses in the town.

@Walchli DonnaAs an fyi next time you do this use a licensed loan servicer and charge it back to the borrower - it’s $25-$30 / mo and they handle all the payments and loan balance as well handle all the tax documents as well.

I am also becoming an agent soon and it is an illegal practice of law to draft a lease agreement as an agent and one could loose their license.

Hey guys, I recently passed the NC Bar exam and will be a licensed attorney here in a few weeks.

You can get your real estate license, enabling you to sell on the side for additional income.