By the time an Inspector shuts down a project, and the homeowner goes to court/city/judge/whatever.....there is wasted time and money.As we all agree, just get a permit (if it is required) and do things right. :-) Even if you win the war, loosing the battle can easily wipe out all your profits and more.Think about that recent CA AirBnB case where the lady was in the guest house for almost 2 years with no rent?  

Belize is super picky on financial transactions due to US drug traffic monetary controls.     3.   

I am a newbie in this realm and looking forward to learning all I can in this endeavor of becoming financially independent.

I’ve hit my financial goal and can quit buying houses. 2025 goal: pay off my last two 401k loans I used to buy a couple houses and enjoy a second home we just bought for ourselves in November.

You get tied up in court and every deal you've ever done gets reviewed to see if there are any other "fraudulent" transfers.

If you need 10 minimum and have to hold those non-paying tenants until you get 10, what does that cost you in your financial model?

Late fee is charged on the 5th, I start eviction on the 11th.Second, you don't have to use the court to remove someone and you don't have to wait until their lease is up.

@Greg StrunakA good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

I have found it harder to bring in financial partners on my last property even though it has higher bookings that than other properties.