Some lenders may restrict Airbnb use, so clarify this upfront.

Inland Marine (this is for tools and materials being transferred between sites.Also, always be sure to get the certificates of insurance with your LLC named as an Additional Insured.

This has been happening in Troy, Birmingham, Royal Oak, etc. for years now. 

I really don’t want to lose this buyer—what’s the best way to navigate this?

This is a killer city that is untapped with low barrier to entry! 

The amount of this deposit is going to depend on the auction itself.

Quote from @Mackaylee Beach: I think these times (the last two years), and this year are the ones that will give birth to some of the best investors.

I bought these two houses that were next door to each other with a partner using hard money (3pts, 13% interest, and 1% extension fee every 3 months after the initial 6 month term).

This is a great place for you to learn

A revocable living trust is another option for privacy and asset protection.Avoid gifting the property before death, as this would pass the original purchase price as the cost basis, creating a large capital gains tax liability upon sale.If the property is Subject A’s homestead, ensure the correct titling to maintain Florida’s homestead protection for Subject B.This post does not create a CPA-Client relationship.