Which is why we use the LLC route when we do this method.If a family member or other party lends to me, they pay taxes on the income they make from that loan.

You and your immediate family are disqualified parties.

Late to the party, but just got notice for a similar increase on HOA insurance up in Steamboat Springs, CO.

Plus, having an unbiased third party inspect the property is invaluable.

@Misook FoleyTypically a bank will not release one of the lien holders and a refinance would be necessary.As part of the settlement agreement the court may order the property and or the debt to one of the parties but again that name is not releasedOther factors do come into play such as what state it was in as some states have different laws regarding equitable interest etcI would speak to your divorce attorney about this and see what can be done

W2 is already maxed out for my position and about 30% of my rentals Gross income goes too PM and 3rd party cleaners.

I can’t speak on behalf of a short term rental, but for a straight rental, you’re probably better off filling it in IMO.I had a house with a pool in an c+ area and after considering it will probably just invite parties, etc. plus the liability I had it filled in.

So you are still limited to selecting the property, screening tenants, collecting the rent checks and hiring third-party vendors.

If you foreclose the attorney will do a title search and serve all parties that have an interest.

Rate is currently Prime WSJ 8.5% plus 3%, but the nice part is that as rates come down, so does this loan rates.