As a matter of fact they are a must for proper bookkeeping, PMs are supposed to send the property owner detailed reports to show how the property is performing.

The Lender is supposed or has the option when they deliver the documents to the closing agent to mark sections accordingly.

That being said, they would likely still require Architectural Plans...The biggest thing with these rear enclosed porches is determining (as based on the City's eyes) if/when they were Legally enclosed, or if they are technically supposed to have remained as an Open porch.

When they realized it was their loan and now a rental the LO told me that I wasn’t even supposed to have that loan anymore since they don’t do helocs on rental properties.

My contractor was supposed to do a full gut renovation (bathroom, kitchen, floors, everything!).

Since my home had only a bit of dirty water in the laundry area, supposedly the mitigation company cleaned the area and set up fans for drying.

Most CPAs do not even understand it fully (because the IRS is not clear about it I suppose).

As an owner of one rental property, I found out that I was/am supposed to send a 1099 to a contractor who did some work for us on our rental property last year, and file a 1099 on that same contractor with the federal government.

The property should appraisal for more than what you bought it for, then once that happens are you supposed to go to local bank to get it refinanced and you get money back from the bank if it appraises for more?

It's right down the road from Loon and supposedly performed really well on Airbnb last year.