Communication: - How do you communicate with property owners regarding updates or issues?

Maintain transparency by clearly outlining loan terms, interest rates, and repayment schedules, and ensure consistent communication throughout the lending process.

FHA loans and similar first-time buyer programs offer better terms than what you'd likely get with an LLC, making them a smarter choice for your first investment, if house hacking.If you decide to move your property into an LLC later, it's possible through a quit claim deed, but it's crucial to consult an attorney to navigate the mortgage implications and legalities correctly.

You should also be able to claim loss of rents if you have the correct type insurance.

Also, if your multi-member LLC filed as a partnership in previous years, you may need to file a final partnership return.It’s always a good idea to consult a tax professional or attorney to make sure you're following the correct steps for both federal and state requirements.

Where you MIGHT have some room to lay down the law is in communication.

We are trying correct cat odors and damage unfortunately. 4) do you provide the itemized list and then once they agree you get the money to them or can this be done in one step and not be up for negotiation or tenant approval?

I spoke to the manager or whatever he is of Northpoint and he confirmed I was correct and the new manager was incorrect on the dates.When they decided to move out I didn’t know they moved out until I noticed that my smart thermostat in the home was offline and AEP told me there was a disconnect scheduled.

Hey Shelby - You are correct, turnkey properties don't get the lime light like flips / brrrs get in general within the BP community. 

@nicholas Coulter is correct that the tankless require more maintenance than tanked heaters and the effort is more.