You would have ongoing filing requirements with the State and would need to keep business records and documentation.

While the state is tenant friendly, eventually they will be forced out and at that point it will be without the offer you gave them and with a black mark on their record making it harder to find another place.Since you are looking at flipping the property, you need them out to do the work and I would discuss that with them - not the flip portion but the work that needs to be done and can't be done with them in it. 

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

THis is why long long time ago I found to solve this affordability crisis before it happen is to buy multiple under average property on the same location so I can cash it out and not getting into "poor cash" problem.Also for some of us that able to refi/purchase during record low of 2021, we generally don't have to sell.Lot of good thing happened because of those 30Y fixed LOL

(Not before) The time spent before the property is under contract such as analyzing deals, doing negotiations, research, education hours, traveling, etc do NOT count towards the material participation hours.Hi Arda, Can you elaborate on which activities I should be recording during the the contract process?

So far I have learnt that we need to do the following:1) Get a TPT (Transaction Privilege Tax) license. 2) Register the property as a rental property in Maricopa county records.

Despite the national single family home market reaching record values the 7 markets in the article are still valued below their 2022 peaks.

They also have 1-2 SMALL negative accounts on their record and likely are unrelated to credit accounts.

And you ran an eviction screen on them with no records found. 

That is all it took for me to propel my real estate career.