Registration and Financial Considerations for the Second Company:Is it possible to register the second LLC on the property (as part of the 50%-50% model) if it does not yet have an EIN (Employer Identification Number)?

Payment Terms & Renovation LoansA financial agreement is the backbone of any contract.

Over the past eight years, I have collaborated with hundreds of out-of-state investors, helping them find cash-flowing properties aligned with their financial goals. 

That gives an investor a real asset to collateralize and it gives them incentive to not let the buildings dilapidate at the end of the lease.

A single property is simpler to manage, carries lower financial risk, and offers streamlined tax reporting but may generate taxable income sooner.

The few rules, may be missing some, to manage STRs:1)Own the listing2) The asset acquisition is the underlying investment.

It only happened once, so you have no evidence that this is anything but an honest mistake that's been corrected.The bigger concern is the 583 credit score, because it shows a pattern of financial mismanagement.

The house is underperforming financially.

Hi @John Daniels - the mortgage company I work for, Assurance Financial, is based out of Baton Rouge and we have offices throughout Louisiana.

A 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.