If the title of your properties is vested in an LLC, and you file a BUSINESS tax return, it's important to note that positive rental income cannot be used to offset your DTI.

He has not been involved with the property so far but he has capital that he can contribute.

or would you rather be more involved in the process of purchasing/selecting coverage?

California Senate Bill 567 (SB 567) allows for "Just Cause" Eviction if a landlord will "Substantially Remodel" a property: https://oag.ca.gov/system/files/media/Tenant-Protection-Act-...

The legal method is to file for an eviction and slog through the time-consuming court process.

Is there any flat fee lawyer in Chicago that can help me file this?

Hey @Patty Mac, I recommend commissioning a tax pro to help with your filing and ask them this question.

This approach allows me to structure deals that benefit all parties involved and unlock unique opportunities in the market.I'm eager to connect with fellow investors, share insights, and explore new opportunities together.

Since the Internal Revenue Service (IRS) doesn’t consider child support taxable income, I would not consider it in the rent calculation unless you have a HUD-specific home.According to hud.gov, “[rental property] owners must count alimony or child support amounts awarded by the court unless the applicant certifies that payments are not being made and that he or she has taken all reasonable legal actions to collect amounts due, including filing with the appropriate courts or agencies responsible for enforcing payment.”So, does child support count as income for renting?

Many private lenders might ask for as little as 10-20% down, depending on the property, your experience, and the amount of risk involved.