Government is nailing property managers to the wall in a bold move to control financial crimes.BOI is yet another Federal program, “Beneficial Ownership Information.”The BOI program, a key tool in the fight against financial crimes, requires every business to document it’s 'Beneficial Owners.’

Nah needs to be 30+ apartments syndicated from a blind pool of investors with no money of your own before you turn 18 years old on a sub-to commercial deal skirting the lines of legality placed in an LLC INSIDE of a reverse S-Corp with dividend disbursements on a quarterly schedule of 10+%. 

If you want to proceed, please gather these few documents, and email them over to me.Photo ID: Please provide a clear copy of your valid photo identification.Proof of Social Security Number: Documentation confirming your Social Security Number.Homeowner Insurance Declaration Page: Is the cover letter with your policy number and coverage amounts.

I agree that the cost can be outrageous, and it may be worth it if they truly live up to their end of the deal with oversight, reviewing your deals, avoiding legal traps, yeah there’s a lot we don’t know starting out.

The good thing about househacking a legal multifamily unit is that lender allows you to use the vacated units of 75% market rent as an income to offset the potential current mortgage.

The HAP and related documents is from the state and very specific.

I highly recommend seeking legal counsel to get advice on the best next steps.

Do I provide my own document for what we're asking for that includes loss of use (and compensation for my time)?

Especially from a legal liability perspective.

I'm also asking for contractor, CPA, insurance, and legal references from the property managers and will speak with / cross-reference them before going forward with one.