The hard money 10% plus additional thousands in closing costs was too much to swallow. 

In addition to just posting your property on furnished finder, they were reaching out and building connections with hospital HR departments and recruiters to help place nurses in properties.

So, many people choose to operate in their own personal name but buy an additional umbrella policy to protect themselves from liability.

That quote will be the basis for any additional damage request. 

If we waited 12 months and got up to 80% occupancy would have netted an additional $500,000.  

I should add it will be a short term rental property. 

From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party. 

If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

Additionally, lenders may require a release price (a specific amount to pay down the loan) for each property sold, which can complicate the strategy.It’s worth discussing these details with a trusted lender or mortgage broker to ensure the plan aligns with the loan’s terms.

I was interested in something like owning a rental property as a way to generate some additional income.