Albert asked about filing a lawsuit against the tenant, which apparently involves a tenant's complaining of personal injury resultant from being in the unit. 

While they are living there and doing renovations, I will discount the rent and apply the discount to the renovations.

Why would they stop if nobody sues or gets the police involved?

There is no real estate involved; they are on a lease.My bank is currently looking at how much they can give us for a cash out refi of our rental condos, but we are trying to investigate all options.Thanks for any advice. 

When applying for the credit card, do you all use your LLC name or do you apply with your personal name?

She hounded me a few days, told her I haven't received the application and when I did, it was trivial to legally deny.Just another joy of being a landlord.If NEEDY applies to an existing tenant, refer them to Social Services or Hospice.

However, as you mentioned, there is people for that who will more than likely save you money when you consider the time involved.

Just my opinion.Right I think it’s “resident” status for 5 years then you can start applying for citizenship.

This is because losses in a Partnership LLC are generally considered passive or non-passive depending on your involvement, and the structure of the LLC can provide more flexibility in how losses are handled."

Hello Michelle, In order to qualify for a Heloc you will need to qualify just like you would when applying for a regular conventional loan.