The key is to have a team in place that performs for you and that you trust...no matter how you structure it.

What "is" financially responsible is easily accessible to find, as is the simple math performed above.

We find 2 bedrooms are the weakest MTR performers.

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

Sellers are not required to disclose material facts about the property that they "should have known," nor are they required to perform any inspections to uncover any issues themselves.

We are pursuing a house hack (fixer upper) and turning the basement into an ADU which we rent on Airbnb.I had a theory that Airbnbs that performed needed to be walking distance to a metro.

But you would not lose it all, it just becomes a non performer and it would be interesting to see what happens if the homeowner stops paying.

There is more due diligence to perform for commercial as there are can be a different type of lease for every tenant in a multi-tenant building, despite the spaces appearing identical from the outside.

I've performed a few 1031's and had to pay initial fees.

The individual merely acts on behalf of an actual beneficialowner as the beneficial owner’s nominee, intermediary,custodian, OR agent.Note: Individuals who perform ordinary advisory or othercontractual services (such as tax professionals) likely qualify forthis exception.