They can help you navigate code compliance, especially with accessibility and egress requirements, and provide a clear budget before you begin.

@Nick Am Setting up a management S-Corp (LLC-B) to manage properties owned by your LLC (LLC-A) can provide tax benefits like retirement contributions, payroll tax optimization, and deductible expenses (e.g., home office, health insurance).

This service is provided by several authorized 3rd party companies.2024 update: If you file more than 10 1099s, you MUST eFile them now.Here are some of the online 1099 filing companies, and you can easily find others:tax1099.comWageFiling.com1099online.comThese companies charge under $5 per form.

As others have stated, you have not provided enough information to determine whether this is a good deal or not.

It is an incredibly supportive group, eager to share and to provide advice to anyone getting started.

This is my first deal and I wanted something to provide me stability for future me

Retaining your current home at a 2.875% mortgage rate maximizes cash flow, while accessing $65K in equity provides liquidity for your next steps.

So glad you could provide a better insight.

When I was in your exact situation looking for help, they were the only ones that provided solid answers and walked my wife and I through the full transaction.

We didn't because we needed to provide POS in order to obtain our STR permit being that previous owner had a permit on the property already.