But if it’s more substantial, like protecting the floor and adding years to its lifespan, then it’s likely an improvement, which means you’d need to capitalize it unless you can use that safe harbor.

Yes, your parents can take out a HELOC on their paid-off home to help fund your BRRRR, but it’s smart to have a contract in place to outline repayment terms and protect everyone involved.

My attorney advised me and my spouse to setup separate revocable trusts for asset protection but I'm finding that some financial institutions do not allow accounts to be held in title under more than one trust.

The strong consumer protections particularly with HELOCs in this State appears to be a knock-on affect of homestead laws.  

Also, if you have a slip and fall and decide to sue your LLC, you have added liability protection.

You can exchange ideas with your agent and have him work something out with the other side through conversations but once you all agree on a plan you MUST GET IT IN WRITING so everyone is legally bound and your EMD and interest are protected. 

If you're keeping an eye on the U.S. housing market, you've probably noticed some pretty interesting shifts happening lately.

My ability to picture and design something pleasing to the eye is lacking--a tool like this would be helpful, especially for ideation of what "could be."

They will verify the numbers using the steps that they have in place to protect both you and them from a loss.

Personally, I wouldn't totally disagree, but it is very much in the eyes of the beholder what "nice place to live" means.Based on your post, I would assume you are getting requests because you are a new landlord (maybe the old one was not a kind person, so tenants chose not to make any requests) and that you are asking them to pay more rent for a unit that is likely in worse condition than when they moved in.So now, you can either tell them no, or you can accommodate and potentially open up pandoras box of setting expectations that you will cater to all requests all the time, or as noted, you can remove yourself from the equation and hire a PM to handle the requests.