Our business plan actually includes rehabbing distressed properties and conducting off-market transactions with owners currently occupying distressed properties using equity to reduce the out of pocket costs for the seller/buyer and to simplify the process.

While he wasn’t successful getting the insurance companies to accept liability (initially), he pointed out to the plaintiffs attorney that (1) the owner of the condo was an LLC, not me personally, and that’ll business concerning the condo was done in the name of the LLC, and (2) the only asset of the Series of that LLC was the condo itself, so that the legal entity owned only that single asset.  

Secondarily, LLC ownership is very helpful for business planning.

I've seen numerous QI's fail during my 40 years in the business, and most of the failures would have been prevented had their been government oversight. 

My business partner and I just purchased a 6-unit multi-family property and are curious if a cost segregation study would be beneficial and when the depreciation can be applied.

Quote from @Keaton Sheffert: Hello BiggerPockets Users,I am looking for advice on how to best convince my local zoning commission to accept our proposal for a rezoning from residential to commercial (for apartments).Background: My business partner and I are hoping to begin our first development in 2025 in our small town in Southern MI.

I opened a business checking account with Regions.

Watch out for the name Eric Lee as well as the company Sowae Corp and be careful not to do business with him or provide your personal information. 

Specifically, something where we as agents could network with each other, vendors who support our business, and also investors in the BP community.

After all PITI, utility, and services (lawncare and cleaning) costs I have $7,225.I set aside 25% of this for my maintenance fund.The remainder funds my lifestyle, wife has a Tesla, and quarterly vacations as well as business growth.In 2023 I am tracking to build 4 duplex units designed as room rentals funded in part from a recent land sale.