When I lived in Seattle, I worked as an independent contractor, self-employed sign language interpreter.

text can be challenging to interpret, but i would basically say.thanks for the heads up. what is the resaon for being late?

Attorneys will tell you it depends on how a judge feels that day and how they interpret the evidence and the laws.

The problem was the MLOs and Mortgage Brokers did not know what they were doing to follow that narrow methodology so the whole transaction could have been interpreted as an "ongoing criminal conspiracy" which could have invoked the RICCO statutes.

@Westin Hudnall It occurred to me when I read your response that bimonthly could be interpreted as every other month, I was interpreting it as a rental inspection twice per month, which is obviously ridiculous.

If you were on a week to week basis, you would have to give 7 days notice, and that would end at the end of the rental period of one week.It should be interpreted as at least 30 days notice. 

Talking to various investors, it sounds like people interpret the "50% Rule" (calculating expenses to be 50% of revenue) somewhat differently.

I also completely agree that it’s easier to loan on purchase price for all the reasons you mentioned, plus a few others. 1) Purchase price is a well-established number not subject to the interpretation of comps, as ARV is.

Based on a struct interpretation of IRS guidelines on passive income, doing it myself is not passive and my CPA totally agrees. 

As for choice of state: if your LLC gets sued by a third party, chances are high you'll be in Ohio courts interpreting Ohio law anyway.