![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3037008/small_1717103687-avatar-liviaa1.jpg?twic=v1/output=image&v=2)
29 November 2024 | 7 replies
You can provide a formal cure notice to your LL/Management and if they don't address it then you can move to next steps.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3088894/small_1722365942-avatar-reneh34.jpg?twic=v1/output=image&v=2)
4 December 2024 | 30 replies
I also have no formal training in bookkeeping and don't want to spend the cash to hire one.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2499859/small_1694619865-avatar-luisr357.jpg?twic=v1/output=image&v=2)
26 November 2024 | 1 reply
Additionally, I’ve been wondering if it might be possible to create an LLC, rent my house to the LLC through a formal contract, and then have the LLC operate the Airbnb.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3152321/small_1733149724-avatar-jamesk758.jpg?twic=v1/output=image&v=2)
10 December 2024 | 100 replies
Regarding licensure, there are a ton of licensed but formally- or informally-inactive agents.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1717828/small_1694930295-avatar-beckyh24.jpg?twic=v1/output=image&v=2)
26 November 2024 | 7 replies
Hey Becky,When you sell the property, the LLC will still technically own the property until it is formally restructured, so you will need to amend the LLC’s operating agreement and update its ownership structure to reflect the change, ensuring the absent partner’s interests are properly dissolved, and taxes are handled accordingly.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/379641/small_1621447835-avatar-constance123.jpg?twic=v1/output=image&v=2)
14 December 2024 | 101 replies
Know your learning style - if you learn a ton from reading books and articles and can go out and do things you have read then it is a lot cheaper just to read books or articles rather than pay for a formal education program.3.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2719494/small_1694587544-avatar-brandonm945.jpg?twic=v1/output=image&v=2)
28 November 2024 | 15 replies
If the issue continues, consider offering a formal payment plan or seeking legal advice.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/311128/small_1621443455-avatar-jeangot.jpg?twic=v1/output=image&v=2)
17 November 2024 | 5 replies
Should the debtor be unwilling or unable to pay within the described time allotted, the note holder can foreclosure.Depending on state law foreclosure can be judicial or non judicial.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3147452/small_1731974256-avatar-jessicah454.jpg?twic=v1/output=image&v=2)
19 November 2024 | 12 replies
@Jessica Howell To transfer funds between LLCs, use a formal loan agreement or document it as an equity contribution while maintaining clear records.Depositing personal money into an LLC should be treated as either a capital contribution or a loan with repayment terms.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3142252/small_1730730484-avatar-deborahk71.jpg?twic=v1/output=image&v=2)
20 November 2024 | 1 reply
What formalities would I have to go through to make this happen.