@Clinton Davis The Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA) have been reinstated after a temporary injunction, with initial reports now due by January 13, 2025, for companies formed before January 1, 2024.New entities formed after January 1, 2024, must file within 90 days of creation.

Many assumptions were made as to my knowledge, part due to my "rookie status" on the thread and part in that being the first deal being made. 

I'm still right side up due to getting a deal and finding a tenant who was willing to pay above market rent, but the point is this is a cash intensive business and little things can quickly add up to a lot of expense. 

The customer feature also links to the project feature if you want to make use of that eventually.This structure works great for our clients and their tax pros.

(We lived in that house for years and in other properties we knew this was the case)Disposal: Was newly placed in property before tenant moved in.The fee: $145.We put the fee on the tenant's following month's rent as their responsibility due to resolution provided and plumber's confirmation that the disposal was working fine and structure had no issues.Tenant has disputed the charge, ("other landlords would be appreciative of our notice" "we don't eat a lot" "isn't that what a garbage disposal is for?

I can't speak for the other markets but Toledo is a great place to invest due to the affordability.

The mortgage would stay under the seller's name.The buyer could then rent out the unit, renovate, etc. to increase cash flow or make more money.But aside from a possible "due on clause" being called by the mortgage company, what's the benefit to the seller?

I think they actually implemented it, but then it got postponed due to some lawsuits. 

But yo have to pay your dues first by connecting, attending and networking.My 2 cents,Mike

Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?