But if you’re new, relying on that razor-thin margin of error can feel like racing the clock in a marathon you’re not fully trained for.

$500 per day penalty up to $10,000 and up to 2 years in prison for willful evasion per entityNo cap on the amount of entity penaltiesCheck with your CPA, Tax Advisor or attorney on this as it is a freight train of compliance coming!

So all the deals I had fell through because it's almost impossible to find a tenant on your own & again brokers/ real estate agents won't help you even though he tells you they will.You have to pay, then you get put in a group zoom training where he never shows his face.

Occasionally I catch some cleanliness issued that I am not satisfied with which I believe is due to variability in attention to detail between people on their crew, or lack of training and familiarity with my property.I've seen mentions of the value of post cleaning pictures from hosts on other forums.

The second draw is paid when we arrive on site and start physical work .

So a community of these homes could definitely provide an affordable downsized housing option for active seniors (independent living style) - especially when you provide amenities on site, which will be required if you want to compete with other independent living style communities and apartment buildings.

Beacon you would want to be near the train and it's priced higher than the Catstkills - same with Hudson.

All of my landlord clients I train to self-manage.

Plane, Train, or Automobile and meet in person.

Even with my former partner (who was our 'PM / GC' on site for our projects), it was sometimes tough navigating the process, managing budgets and costs, and keeping everyone in line, including him.