We want to detail the responsibilities, capital contributions, profit and lost sharing percentages, decision-making process, have dispute resolution methods, and exist strategies.

I just set up my vrbo account and still some finer details about planning the communication, cleaning service, maintenance persons, etc…

Personally I would not.

But a 4-night stay for 2 persons?

I found an auction person, and I see listings online.

Hey Aishan, I personally own 12-doors in Detroit and I live in California.

This is from personal experience, the housing authority is the problem.

If you are sole member LLC you just take a distribution from your business account to your personal account.You are likely already reporting the income on a schedule E.

I jumped into real estate doing the BRRRR method, understanding that holding property will allow me to build generational wealth, but then learning that landlord income is not the best way to feed your family.

To flip right is about a lot more than just renovating and *pow* $-rains down on a person.