Linda Weygant I don't think the OP is intending to put his "partner" under the entity, I do believe it's a bad idea, I would rather issue 1099 on him since his nature of work doesn't really fall under employee, no tools, no time, no instructions, etc.

Hi Karrie- @Linda Weygant is who you'll want to reach out to.

Originally posted by @Linda Weygant:I am unsure why they would not include additional rental income if you've already got two years of rental history on your other two units.  

@Josh Carter - Hi!  

Originally posted by @Linda Weygant:You forgot property taxes and insurance, but the rest of your math is sound for calculating your profit.  

@Anna Carter you need to reach out to your state commission and see what they allow.

@Carter Henderson I was one of the largest builders on the Outer Banks and have been building there since 1997.

@Keleisha Carter, Mid South Home Buyers (MSHB).  

Have you seen that triplex on Linda?

Linda / Matthew - I've hired a handful of crews for this rennovation and the plumber and electricians were the only ones I know for certain were insured and bonded.