He said it's standard practice that they don't want agents there.

It sounds good in theory, but in practice is highly unlikely.  

It’s a common practice and I’ve never had any opposition to this provision.If you don’t have an operating company, you could get into contract in your own name and then assign it.  

It is standard practice and component level depreciation is encouraged by the IRS.Though it is very important to track you time as you go along.

Thank you.Good morning, Joel - What you are describing is a very common practice on the private lending side of the financing industry.

Also if you are selling, hopefully your agent has advised you but good practice to have a vacant unit to open the buyer pool to owner-occupied buyers/house hackers.

But I'm not an attorney, so maybe I'm totally wrong on this hunch.My 2nd comment is directly within my practice area though.

I have heard that it is common practice that private money lenders collect a monthly fee thru various methods, I'm trying to determine what those methods are.   

Sometimes I think, well maybe that newby is an expert at draining swamps....or they have a helicopter to reach the landlocked property and want to practice aerial concrete and building material transport.There was a guy on here the other day, challenging me that he could not possibly go look at all the "deals" he was going to buy in Florida for 10c on the $1. 

I have created a discord chat for any current or former LYL VIP members to sync up.