I own and invest in Birmingham and would be happy to connect to share insights and introduce you to contacts in my network.I also work for a local property management company that serves many out-of-state investors.If you come across any properties, I’d be happy to provide rental analysis reports based on comparable rentals to help you evaluate potential investments.Looking forward to connecting!

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Docs included are inspection report, house canary value report, insurance quote, but no disclosure form.

Will be interesting to see if you can get rent bump in that area.  

Reporting the proceeds you pay to seller on a 1099 sounds reasonable.

Lol.Legal definitions aside,  I DO get a significant equity bump upon conversion of a SFR 3/2 with an office to a SFR 4/2 because of the simple addition of a closet. 

And your relying on 3rd party reporting.

Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.

Fun fact: best ROI in the annual Cost vs Value report is a garage door.

When you have multiple responsible adults sharing a house, if one "bad egg" slips in then you have the others renters to kick them out or report them.