Hi Everyone,We are business owners (construction co) classified as S corp, 2 members -  paid with W2 income from the business.We deferred salary for 2024 to a Solo 401K. 

To remedy that, the carpets should be ripped up and sealant applied to the subfloor, at minimum.There are also tiles in the smaller upstairs bathroom that are lifting up and creating a safety hazard; putting a rug on top is not a sufficient solution.The house is in a condition that materially interferes with the health of household members.

Quote from @Henry Lazerow: Congrats fellow Chicago member!

The majority thing about insurance is to protect the HOA from being sued and to protect HOA board members also. 

If you are trying to raise a few hundred thousand to buy another 4-6 unit property, while I would not invest in someone with less than a year experience, I am guessing some of your pilot friends, other friends, or family members may be willing to chip in.Now, if you want to jump from a triplex to 80 units, raising 4-5mm of equity and another 4-5mm in debt, than I would just manage your expectations. 

But keep in mind, its a Real Estate Club where you have to pay to be a member.

We generally do one per month and each club member that wants to get involved can do so for as little as $5K.

I became a member two years ago, striking zero deals.

We don’t know any PMCs to recommend in the Cape Coral/fort Meyers area, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Then, if your a member of NAR, you better check on that and make sure your not making conflicts there.