I have been trying toe get a list of the IRS discriminate function indicators to no avail so I'd like to know how you can say that home office no longer concerns IRS.I was just making the note that broad stroke for everyone to add spouse, kid etc to create a partnership has other considerations people need to be mindful of as well. 

I look at a property check everything myself , I take notes on what I know it needs and I leave .

Note: The BiggerPockets Calculators do not offer me what a goodl ol' fashion Excel spreadsheet might.

Have bought notes and foreclosures, but never been able to take possession during the note phase.

Custodians do exactly the same thing but with the added regulatory and financial scrutiny noted above.

So you are better off finding someone who wants to rean interest on their money and getting a promissory note signed and giving them a 10% interest rate and having them give you a 15k loan interés only for a 12-24 month period.

It’s also worth noting that Waivo is a sister company to Proper Insurance, which I use for my STR.

The state also requires that companies list the language you posted on every policy document.It's very important to note that just because a carrier is Non-Admitted, it does not mean it's any better or worse of an insurance company than an Admitted carrier.

The only additional thing that needs to happen is make sure appraiser makes note of why the value increase in as is vs previous purchase price.

I am estimating the note would cost 2.5k per month at most.