If you are doing this part-time, set your expectations correctly.

Thank you, 100% would not touch anything in FL most of it assume this area as well is way overpriced, Correction is coming.

You should also be able to claim loss of rents if you have the correct type insurance.

Also, if your multi-member LLC filed as a partnership in previous years, you may need to file a final partnership return.It’s always a good idea to consult a tax professional or attorney to make sure you're following the correct steps for both federal and state requirements.

FHA loans and similar first-time buyer programs offer better terms than what you'd likely get with an LLC, making them a smarter choice for your first investment, if house hacking.If you decide to move your property into an LLC later, it's possible through a quit claim deed, but it's crucial to consult an attorney to navigate the mortgage implications and legalities correctly.

We are trying correct cat odors and damage unfortunately. 4) do you provide the itemized list and then once they agree you get the money to them or can this be done in one step and not be up for negotiation or tenant approval?

@nicholas Coulter is correct that the tankless require more maintenance than tanked heaters and the effort is more.  

Hey Shelby - You are correct, turnkey properties don't get the lime light like flips / brrrs get in general within the BP community. 

I have not heard of these folks but you may very well be correct maybe there is only a handful at a time. 

This creates a record of your communication, which could be important if legal issues arise later.Liability Considerations: You’re correct in thinking that getting the LLC to pay for roof repairs could be difficult, especially if they own no assets or claim no liability for the tree falling.