@Christina OkaThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

If conventional then you already had the income to qualify , when you will refinance if your current income suffices then no worries with the $0 net income.

Either license will suffice in allowing you to represent your friend in the sale. 

The buyer and buyers lender have been trying to convince me that the conditional loan approval suffices as a loan commitment, however right on the conditional approval it states that it is not a commitment to lend. 

For most mortgage brokers, the credit check suffices for 90-120 days so as long as you close in that time, they don’t do another credit check.

That typically suffices to get what we are owed. 

My question is when renewing a term lease for the same tenant, is it necessary to give them another pamphlet and make them sign another disclosure or will the one they previously signed the year before suffice?

Suffice to say though through a more hands on marketing/leasing process and learning how to create very professional looking virtual tours we were able to lease up 100% of our units for the 2020-2021 academic year.

Yes, even a handwritten receipt from the seller will suffice.

Not sure if this would suffice for the NMTC.