I do however agree with you that there’s no one size fits all approach and depending on the type of business that’s operated and location, the correct strategy may vary. 

After operating 1 rental for 2 years and another for just a few months, I just got notification from the code enforcement at my municipality (whom I had visited in person) that I didn't file a paper correctly and fines are possible.

I did find verbiage but from another jurisdiction "Unavailable for rent means a unit whose owner has filed with the code official a statement signed under penalty of perjury that such unit is not offered or available for rent as a rental unit and that prior to offering or making the unit available as a rental unit, the owner will apply for a Residential Rental Business License and comply with any applicable administrative regulations adopted pursuant to this chapter...."

It's rare to a get a nonrecourse DSCR mortgage without approx 50% down and a ton of credible operating history.

I'd make sure to review your operating agreement to ensure compliance with the legal statutes of your specific LLC and partner buyouts.Happy to help you work through any of these situations.

Ask questions about how they operate, and include your specific questions about deposits, in-house maintenance, etc.I think you'll discover that you got lucky and found a professional company the first try.

@Marie Magno different state, but whenever we had issues with our Section 8 tenant we contacted her assigned case worker who would help the tenant understand that she would lose her voucher and face eviction if she did not comply with the lease, paying her portion and following lease terms.

I own/operate over 150 units in Pittsburgh and you can find every sort of real estate investment play here.

Many actually operate their real estate businesses more recklessly because of this false sense of security.

Would love any input here.Thank you.Hi Anita I specialize in STR sales and operations out on the OR Coast..oddly when clients don’t find what they’re seeking or are priced out in the coast several have purchased STR’s in upstate NY.