We I purchasedthe property, the previous owners updated the plumbing, adding HAVCand updated the electrical.

By identifying the right buyer within our network and streamlining the transaction process, we added value without requiring extensive renovations.

Rentals generate passive income, so an S-Corp offers no added tax benefit.

@Beatrice Ontiti we most certainly agree that adding new construction in a growth market to your portfolio would be a great next step! 

The original goal, rightly or wrongly, was to maximize rentable units, so we rebuilt the main house from the foundation up into a 3 bed 2 Bath 1,600 sq foot main house, and added a 600 sq ft 1 Bed 1 Bath JADU, along with a 1,200 sq ft 3 Bed 3 Bath ADU.

Great added points! 

🏆🏆🏆🏆🏆🏆🏆🏆🏆🏆Your post reply is LITERAL gold.

I can add value to RE by adding a bathroom, renovating the kitchen, ADU, etc.

Account Closed a PMC has two options to get liability insurance (tenant slip & fall) protection:1) Get added to owner's policy as Additionally Insured (NOT named insured).2) Setup a master commercial policy and add every property they manage to it and then charge those owners the cost of the policy.Otherwise, a PMC CANNOT get liability coverage on a property they have no ownership interest in.So, nothing wrong with their request.

Thanks for coming out and joining us - we have some new events and workshops and training that we will be adding shortly - look for a couple of virtual workshops a month and a get started training program to be implemented before the end of the year.