. - Ensure alignment in goals, risk tolerance, and expectations. - Conduct thorough due diligence on potential partners. - For Private Lenders:- Vet investors based on their experience, reputation, and past performance. - Clearly define the terms of the partnership to avoid misunderstandings. - For Both Parties: - Use legal agreements to outline roles, responsibilities, and profit-sharing. - Communicate openly and regularly to build trust.

The most important thing is to ensure your loan is covered in the event of a loss.  

I’m looking to start a discussion on the best systems and tools brokers are using to efficiently run their business.

I encourage you to consult with a qualified attorney to ensure this agreement complies with applicable laws in your area.

For us STR hosts, I know we are very conscientious about guest experience and I want to be proactive about doing things to ensure my business operates successfully.Thanks!

Form 3115 Correction – Filing this avoids IRS scrutiny while ensuring compliance.2.

As of now, I want to focus on distressed properties needing light upgrades to ensure the ARV justifies the rehab costs, or I’ll consider a turnkey property if it’s in a good location.

Additionally, ATCP 134.05 says that if the tenant provides a consumer credit report from an agency that compiles and maintains files on consumers on a nationwide basis and it is less than 30 days old, the landlord may still run a credit check but at its own expense.When I inquired with the company, they replied: "These laws are in place to ensure that you, as a landlord, are not profiting by incentivizing multiple applicants to apply when you have no intent to rent to them.

Ensure you fully understand the fees, interest rates, and any potential prepayment penalties.4.

What I'm gathering from these responses is not necessarily an encouragement to sell and that instead to take precautions to decrease the fire risk and ensure that insurance is covering things like wind.