We are seeing a big uptick in second loans on the market, including those who own investment properties look to take equity out of an existing property by getting a second loan. Getting a 2nd is extremely difficult an...

Many times they will claim it's wonderful and then try to hide their worst deals by only showing completed deals.

I had the foundation cracks repaired and tied together with engineering plans and permits, and also had to completely redo the pool and fix the cracks, and recompact the entire rear yard with geological engineering and inspections.

I am no CPA but my understanding is the same as yours, that the type of mortgage is completely irrelevant to how the IRS classifies the property.

There are people who will completely disagree with me.

It's good practice to let the tenants know you will be working on the common areas so they don't think it's a complete stranger or someone spying on them.

Those are two completely different jobs, but it illustrates the same premise. 

We have a flip that we completed and like so much that we are considering moving into it for a personal residence and refinancing it to a primary.

- Initial paperwork and chasing overworked caseworkers to process it, so tenant can move in- Helping the tenant complete & turn in their required paperwork to start the lease- Annual S8 inspections, which tenants often make difficult to schedule- Dealing with silly maintenance requests because tenant too lazy to change lightbulbs, etc.- Getting tenants to agree to rent increases and turning in all the required paperwork to caseworker, then, you guessed it, chasing them to process it- Dealing with the tenant's "entitlement attitude" that they don't have to follow the terms of the lease, so they move in other individuals and/or get pets without permission.So, a good PMC will charge something more to manage a S8 tenant/property - either a higher percentage or a one-time or annual fee.

If you need more features like automation and advanced reporting, the starter plan is $10.99 per user per month, and there’s an advanced plan at $24.99 per user per month for more complex needs.