Last Yr on my taxes each property was listed on the return, however, this Yr I entered the business name, do I put all the rent received as income under the business name and list all expenses from each property or do I list each property as rental properties like I did last year prior to forming an LLC?

Was your tenant offered a preliminary inspection during the two weeks prior move-out as required by law?

Unlike Airbnb, these types of guests need exact information prior to approval

If a tenant has a prior balance from the old owner- I use that to negotiate my new lease.

But if you plan to scale up, aren't you talking about $1mm to $2mm upfront cash to support your deals, prior to lenders? 

From CSLB:This section defines what an owner-builder is and the laws surrounding the practice.An owner-builder is what the term indicates: a person owns the property and acts as their own general contractor on the job, and either does the work themselves or has employees (or subcontractors) working on the project.The work site must be their principal place of residence that they have occupied for 12 months prior to completion of the work.The homeowner cannot construct and then sell more than two structures during any three-year period.Getting a GC license and going Legit is pretty difficult.

You can get a credit union to do a drive by appraisal for a HELOC and the brokers can tell you prior what it will appraise for and you probably dont have to pay for the appraisal. 

What's the best service for running credit that will also show prior evictions? 

It is effective Aug. 1, 2024.This ordinance is referred to as the Source of Income Discrimination Ban Ordinance" - which is identified in File #231019 and amends sections of Chapter 38 (Civil Rights) and Chapter 34 (Health and Sanitation) in the Missouri Revised Statutes for the purpose of classifying source of income as a protected trait in regard to housing discrimination.Here are some key takeaways from the attached ordinance:This ordinance bans discrimination against tenants based solely on:Source of income from an occupation, including gig work or paying rent in cash Use of public programs like Section 8 Housing Choice Vouchers, disability checks, or social security Poor credit score Prior evictions and alleged damages older than 12 months (less than 12 months can be a basis for denial) Prior convictions or arrests (sexual and violent crimes are excepted, a landlord can still deny based on these convictions)The ordinance also requires the city to proactively scan for rental ads using discriminatory language like "no Section 8" or "no past evictions".Landlords who are found to be in violation of the ordinance with respect to source of income can be fined up to $1,000 per incident.

Our policy prior to showing or exploring 5+ unit investments is to have a dedicated or strategic lending partner fully qualify buyers with a clear and concise overview anticipated costs and timelines.