Becoming an employer adds a whole different layer of rules/taxes etc in addition to that it might not be permitted by the Broker

This could involve a right of first refusal for the other party, buyout terms, and a method for determining the sale price.Rental and Use: Define the rules for renting out the property or parts of it, including how income and expenses will be divided.

She's a practicing Muslim so they have very strict rules around not being able to pay interest (what they call 'riba').

A couple of thoughts specific to condo investing:1) Be sure to include the condo fees into your cashflow analysis, and budget for potential assessments as projected capital expenses2) Make sure the condo association is solvent - a good litmus test is whether or not the units are approved for FHA financing3) Make sure the condo association rules/regs allow for rentalsGood luck!

Hello All, so I have recently been looking into MTR in Chicago. I’m looking to get a condo 2bd/1bath or something similar near rush, Stroger/CC hospital, and UIC (not just looking to attract travel nurses I promise lo...

It's a lot of back and fourth, but I am guessing the main issue you have is you didn't get your property lead certified ya?

Anything goes wrong and that $29k depletes fast because itistoo smal, for this side effort - my rule on value adds is they must add value 2x minimum because they have risk and require work.  

Depreciation is typically allocated according to the ownership percentages outlined in the partnership or syndication agreement, which are set in advance and follow certain rules under the tax code.However, some syndication structures can be designed with different classes of partners or special allocations, but these arrangements are subject to complex tax rules, such as the "substantial economic effect" rule under Section 704(b) of the Internal Revenue Code.

It’s also important to be mindful of local regulations and how they impact MTRs, as Cleveland’s neighborhoods can have different rental rules and demand.Let me know if you need any more specific details about Cleveland’s MTR market!

Does anyone have rule of thumb cost estimates for this kind of work?