Good luck Thanks bob you’ve explained how big your operation is and that’s wonderful and all but for us investors who have only a couple properties and can’t “give contractors as much work as they want” I’m looking for a solution.  

When the underwriter has to sift through operating agreements to determine who the members are and struggles to understand who possesses ownership interests that trigger that particular lenders guarantee requirement you are doing yourself more harm than you are good. 

Once the deal details are reviewed, it helps our lenders assess the type of property and strategy we use and how successful we are in it.If you wanted to deep dive on your own, you can always check with county records on fillings, operators' good standing records from state where incorporated etc as well.

Just be wary that technically, according to Chicago's Airbnb ordinance, you can only operate 25% of the units in your building as Airbnbs.

It can be a great win-win, simply by bisecting the property and hosting operation.

It is time for us to modernize our practices.We are a fairly basic operator/developer with a few 3-4 unit buildings.

With NNN there is no reduction from operating expenses so monthly NNN x12 should equal NOI. 

Anyone who has actually been active in this space will know that borrower behavior can be predictable and irrational, and they might have a fundamentally different mode of operating their life than you do.

And dont get me started with gas meter upgrade requirements if its near a source of ignition or under an operable window.

Turnkey operations are an excellent way to minimize headaches and begin Cash Flowing the day you purchase your property.