Hi Angus, A cash-out refinance is typically not considered a taxable event for businesses since the borrowed funds are regarded as liabilities owed to the lender.

@Bryan Stengel, I think alcohol has been the tough one with the STRs, not sure about if you need license( hopefully someone will chip in ) , however there  always the liability part including but not limited to offering alcohol to people who are trying to quit etc.

I just paid my contractors liability insurance and it went up another 40%.

Once you find a pitbull friendly policy you will find it excludes animal liability, thereby defeating the purpose of pitbull friendly insurance.

If so can you tell me more about your experience?

You should require the tenant to carry $100,000 liability.

We generally advise our clients to go ahead and pay the recapture rates if death is the alternative.The good news about recapture - the deductions are a deferred tax liability to you, and an interest free loan from the government.

Consider forming an LLC for liability protection or an S-Corp for tax efficiency if flipping frequently.This post does not create a CPA-Client relationship.

Hi @Dawn Bertrand, I'm sorry that you feel this way about your experience as a resident of JWB. 

. - Inefficiency with payouts and administration will be compounded as the FAIR Plan has zero experience with a major pay out and lack infrastructure of assessors and technology to distribute the funds they don’t have.