We have had full occupancy for only 3 out of 20 months of ownership.

Hey Jonathan, thanks for sharing this detailed breakdown!

Circuit Court of Appeals late Thursday reinstated a nationwide injunction that had been issued earlier this month by a federal judge in Texas who had ruled that the Corporate Transparency Act was unconstitutional, Reuters reported on Friday, thus suspending the deadline once again for most reporting companies to file beneficial ownership information (BOI) reports with the Financial Crimes Enforcement Network (FinCEN)."

And no I’m not talking about the “burbs.”It is just something that I have found that has helped make my properties easy to rent - and I thought I would share.

Looking forward to learning from all of you and sharing the journey together!

This is the form any lender should use to calculate you income (ignore the branding, it is the same for every lender):   https://www.biggerpockets.com/forums/49/topics/1224525-fha-l...You will see what you can add back from your 1120 based on the % of your ownership. 

. :)IN SUM: Based on what you've shared, it sounds like you won't need to rezone if you just want to build a duplex.

If the seller isn't responsive, then do like the idea of telling the tenant you tried, and see if they can get some free legal assistance from a tenant resource center.It is a good reminder as closing approaches to ask the seller to keep tenants updated on the pending sale and when ownership is scheduled to change.

I'd be happy to share more ideas, let me know! 

My goal is to move more onto the ownership/management side of the real estate industry as soon as possible, but am not sure the best way to go about making the switch.