Well, three top reasons come to mind:It will allow you to deduct their earnings on your own tax return.It is required by law for any person to whom you paid at least $600 in 2023, total.

That's a terrible idea.He should either install a smart thermostat that allows him to set limits, or he should remove her from the property.

and they're difficult to do, because you're up against businesses that do nothing but flip and BRRRR, and here you come along wanting to do 1 home run right out of the gate. 

For context, I have that policy due to my own religious restrictions as I'm not allowed to have any alcohol at my place of residence.

How do you start finding motivated sellers and cash investors in New York if you aren't allowed to cold call anymore?

After some research online, I am reading that the cost per square foot on a gut renovation of this nature in Stamford CT is anywhere from $150-$350, which is ultimately not very helpful, because at $150 per sq ft, this is a very appealing project with a total profit of ~$175K (46% ROI) and at $350 per sq ft, it very much isn't, because it would be a net loss of 83K (haha).QUESTIONS:What can I do refine my estimate a bit given that I am not allowed to a formal inspection on the property? 

You're running a business and want to just make money.

Quote from @An Lan: Hi FeliciaThank you very much for sharingWhat is the maximum unit size allowed under SB-9?

Somewhat unrelated, but I do not allow BiggerPockets to do business with partners who require their clients to sign agreements or otherwise agree to terms that prevent them from leaving what they feel to be honest reviews on BiggerPockets.

Everything looks great and a year later that employer goes out of business or lays everyone off?