You should consider creating a good entity either way, but especially if you are going to self manage.

If they are behind then you will want to consider eviction, it will depend on how far behind they are.

Tons of returns set this system off: errors, no income lots of expenses, disproportionate expenses, etc.When all that is done, IRS has a budget for how many returns they will put in the audit queue.

They're basically two different skill sets and it's fallacious thinking to assume you can do one because you can do the other.

It's something the wife and I are considering, mainly because our house flooded during covid and after the Austin ice storm. 

.: I was told by my PM at a recent move out it was now considered normal wear and tear and you couldn’t charge for it. 

Detroit offers solid cash flow potential, a relatively low barrier to entry, and the market fundamentals are improving with a growing population and significant investments in the city.Since you’re based in upstate NY, Detroit is also a quick and easy flight, making it easier to visit and get a feel for the market if you’re considering out-of-state investing.

Hey @Matthew AllenIt’s a creative strategy that could work in the right circumstances, but there are some risks to consider.

For example: if your rent is set at $2,400 per month.

While I was open to carrying a note, I wasn’t going to go that high.Unfortunately, there’s been an unrealistic expectation set by the gurus that relying on seller financing is a viable strategy for buying a business.