. - I just started trying Cozy as well, but so far it seems to be primarily geared towards listings, screening, and rent payments but not so much focused on organization and management of your rentals.

You may potentially be exempt under other Virginia law, but an attorney would want to read your Articles of Organization before confirming, and would largely be based upon who has the controlling interest.B) You may be opening yourself up to premises liability by not transfering the properties into the LLC.

@Thomas Jonsson Can you just donate it as is to an organization/company?

The bank has asked for a notarized copy of two id’s, along with the Operating agreement and Articles of organization.

I came across BP organically, as I've always had an interest in personal finance (specifically financial independence through frugal living - love the Mr.

Prepare and submit a complete, organized, and professional looking application submittal that includes all required and recommended (by your gov. official contact) information.Hope this helps.

He told me that we can't do that and that it is a partnership.In looking at the IRS definitions it states:PartnershipA partnership is the relationship between two or more persons who join to carry on a trade or business, with each person contributing money, property, labor, or skill and each expecting to share in the profits and losses of the business whether or not a formal partnership agreement is made.The term "partnership" includes a limited partnership, syndicate, group, pool, joint venture, or other unincorporated organization, through or by which any business, financial operation, or venture is carried on, that is not, within the meaning of the regulations under section 7701, a corporation, trust, estate, or sole proprietorship.A joint undertaking merely to share expenses is not a partnership.

Being very organized will help you with your costs, but personally after organizing the job and timelines I try not to go cheap in my experience you just end up paying double in the long run.4) My best advice don't go running into this venture blind.

Johnson H is the organizer.

I also have an extensive sphere of influence with all of my longtime customers, acquaintances, etc, so I will be exploring the more traditional home buyer/seller through those connections and organic marketing as well.