Besides being super responsive and motivated, he's our local expert for construction lending.

. - It’s recommended to have clear agreements outlining each party’s responsibilities, profit-sharing ratios, and exit strategies. 4.

TLDR version: if you switch to default tax settings, you'll be responsible for remitting ONLY the 1.75% county tax out of the payout.

Tenants should certainly take responsibility for maintaining the property and promptly informing the landlord of any maintenance concerns.

What your conveying here Kristi is an expectation that others be responsible for your success.

Apparently I quoted your response but my intentions was to reply.

I do get nervous with finances and want to be financially responsible.

The property tax savings are going to be in the ball park of 40-60%, but to be safe you should double your expected repairs budget when calculating the NOI.If you have any other questions, or want a more in-depth response, I would love to help!

I also wonder if this unconventional STR would pass the criteria for the STR test for tax purposes.

My last response to Mr.