I was considering the idea of keeping any expenses incurred (travel, miles driven, even a % of my home office deduction) out of all of the LLCs and reflecting these in my tax return under a real estate sole proprietorship business with no rent/income (the expenses for the 100% ownership LLC would of course still be reflected in that return).Doing this would create a more profitable return for the 100% LLC which would provide a higher DSCR to comply with my lenders requirements; however, the net impact to the IRS would still be the same on the final 1040.

I do everything on Adobe Sign and most of my tenants are happy to comply.

I would like to take your advise and have a lawyer draft a contract and mailing letter that complies with the law but don't know who to go to or if I'm over paying.

Source: www.consumer.ftc.govSo the problem you will face if you don't get a report that was generated by one of the bureaus is that your adverse action letter will not be able to comply - and thus the applicant will be unable to dispute the derogatory information that led to the adverse action.So, use a service that is intended to be used for tenant screening.

Usually if they had to do that type of remediation the city would have issued a correction notice for interior and they would have to comply to get occupancy permit or rental license again. the cops and the city inspectors aren't stupid, along with the fire and hazmat people.. so rest assured if one of these agencies were involved they all probably were, and owner was required to comply. 

. - $xxx.xx :: Get a building inspection if needed and comply and improve the property to satisfy rental code.- $xxx.xx :: Hire a property manager - $xxx.xx :: Calculate Holding Costs (taxes, insurance, etc.)- $xxx.xx :: Add more hereGet a running total and have the family members pitch in equally or to whatever you agreed in the operating agreement.

For us, we have to mail or serve in person and 30 day notice to comply or leave if they are breaking the lease.

You have to be sure you are complying with all of the disclosure laws obviously when dealing directly with people but you also have to be sure you are in compliance  (with both the law and your brokerages requirements) when you are doing any mailings.  

(a) The landlord shall: (1) Comply with requirements of applicable building and housing codes materially affecting health and safety; (2) Make all repairs and do whatever is necessary to put and keep the premises in a fit and habitable condition - See more at: https://www.tn.gov/lawsandpolicies/article/66-28-3...

Jail is the easiest place for the sheriff to find hubby when serving eviction notices.Be sure to understand the language in your lease and the local laws you must comply with.