Use services that can validate the authenticity of documents and employment history.Require Detailed Applications: Ensure that the rental application captures comprehensive information, making it harder for fraudulent applicants to provide fake details.Conduct In-Person Interviews: Meeting applicants in person can provide additional insights into the authenticity of their application and allows you to ask follow-up questions based on the details they've provided.Utilize Professional Screening Services: Professional tenant screening services are invaluable for conducting background checks, credit checks, and criminal history checks.

Readers should seek professional advice.

But still, I think it's a bit too high.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

There are numerous professionals in these forums.

Seriously though, if you haven't already get your self a solid real estate-focused tax professional in your corner.

I qualify as a 2024 real estate professional if I can count my commute time to and from properties.

Communicate with your tenant on tasks you are uncertain about and confirm if there are comfortable living with fixes you completed or if they would like a professional.

With these additions I got comps putting the deal's ARV around 347.The punctual, timely, and professional contractors I met gave me quotes between 90-135k for my full project.

As @Brett Synicky suggested, keep it simple, as a sole proprietorship.You are also not considering that you will have to pay $800 per year and per LLC to your greedy state.In short, get some professional advice instead of TikTok advice.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?