Good day community,I have contacted a number of agents about engaging in a master lease agreement arrangement with the seller.

Make sure to have clear contracts in place for any tenant arrangement.

@Noah SchulzThe previous owners' failure to disclose a back-paying arrangement complicates the situation, potentially leading to tenant disputes or security deposit concerns.

They can always pool money with others (arrange an exit plan in advance) and buy a house, or house hack.

I’d appreciate your insights on a complex insurance setup for my recent property purchase.My Setup:• Property purchased in FL under a Trust• Trust is owned by an LLC in FL• Holding company LLC in WY owns the FL LLCSituation:I acquired the property through a subject-to (sub-to) deal, taking over the seller’s mortgage, and I’m arranging insurance coverage.My attorney suggests I:1.

Because the entity you could go after, who has little capital to go after, sure you could put them out of business, and wouldn't ya know it 24hrs later that property is now under a new same/similar enhanced NNN lease arrangement to a new separate operational party who took over for the now bankrupt entity.And what attorney is going to burn through thousands of hours, trying to go after "dry wells"? 

For Canadians seeking to tap into the market in the States, the way the LLC is arranged creates a challenging tax environment and basically leaves you limited return. 

I intend to change to hard flooring when I can arrange to be there for a lengthy time in the off season, because I live long distance.

When buying a multifamily property, you'll want several key documents to ensure you fully understand the property's financials, condition, and tenant arrangements.

I know Red Awning charges 10% and they handle most of the guest communications and listing, pricing for you, but you still need to arrange cleaners.